Sales Of Vois, Net was Hilton Grand Vacations’s largest product and service line in fiscal 2025, bringing in $1.81B of $5.05B (36%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Sales Of Vois, Net | $1.49B | $1.42B | $1.91B | $1.81B | |||||
| Fee-For-Service Commissions, Package Sales & Other Fees | — | $634.00M | $637.00M | $664.00M | |||||
| Sales, Marketing, Brand & Other Fees | $620.00M | — | — | — | |||||
| Sales, Marketing, License & Other Fees | — | — | — | — | |||||
| Rental & Ancillary Services | $626.00M | — | — | — | |||||
| Rental | — | $623.00M | $682.00M | $692.00M | |||||
| Cost Reimbursements | $297.00M | $386.00M | $516.00M | $534.00M | |||||
| Interest Income | $235.00M | $273.00M | $425.00M | $473.00M | |||||
| Resort Management | — | $329.00M | $419.00M | $457.00M | |||||
| Club Management | $227.00M | $240.00M | $303.00M | $321.00M | |||||
| Financing | $267.00M | — | — | — | |||||
| Resort & Club Management | — | — | — | — | |||||
| Ancillary Services | $40.00M | $43.00M | $51.00M | $54.00M | |||||
| Other Financing Revenue | $32.00M | $34.00M | $39.00M | $40.00M | |||||
| Total | $3.84B | $3.98B | $4.98B | $5.05B |
Hilton Grand Vacations brought in $5.05B from its nine product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 1.3% from $4.98B in fiscal 2024. Sales Of Vois, Net was the largest at $1.81B (35.9%), ahead of Rental at $692.00M (13.7%) and Fee-For-Service Commissions, Package Sales & Other Fees at $664.00M (13.2%). The other six lines brought in $1.88B combined.
Compared with fiscal 2024, Interest Income grew fastest, up 11.3% to $473.00M, while Sales Of Vois, Net fell the most, down 5.1% to $1.81B.
Hilton Grand Vacations began breaking out Fee-For-Service Commissions, Package Sales & Other Fees in fiscal 2023, when it brought in $634.00M. Hilton Grand Vacations stopped reporting Rental & Ancillary Services ($626.00M in fiscal 2022), Sales, Marketing, Brand & Other Fees ($620.00M in fiscal 2022) and Financing ($267.00M in fiscal 2022) as separate lines.
Guarantors was Hilton Grand Vacations’s largest revenue line in fiscal 2017, bringing in $1.60B of $1.72B (93%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Guarantors | $1.40B | $1.51B | $1.60B |
| Non-Guarantors | $86.00M | $86.00M | $124.00M |
| Total | $1.48B | $1.59B | $1.72B |
Hilton Grand Vacations brought in $1.72B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 8.2% from $1.59B in fiscal 2016. Guarantors was the largest at $1.60B (92.8%), ahead of Non-Guarantors at $124.00M (7.2%).
Compared with fiscal 2016, Non-Guarantors grew 44.2% to $124.00M and Guarantors grew 6.1% to $1.60B. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $1.48B to $1.72B, a compound annual growth rate of 7.8%. Guarantors' share of the total fell from 94.2% to 92.8%.
Real Estate & Financing was Hilton Grand Vacations’s largest segment in fiscal 2019, bringing in $1.25B of $1.84B (68%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| Real Estate & Financing | $1.14B | $1.24B | $1.46B | $1.25B |
| Resort Operations & Club Management | $339.00M | $367.00M | $422.00M | $454.00M |
| Segment Reconciling Items | $126.00M | $135.00M | $147.00M | $168.00M |
| Eliminations | — | -$11.00M | — | — |
| Intersegment Eliminations | -$25.00M | -$30.00M | -$32.00M | -$36.00M |
| Total | $1.58B | $1.70B | $2.00B | $1.84B |
Hilton Grand Vacations brought in $1.84B from its four segments in fiscal 2019, the year ended December 31, 2019. That was down 8.1% from $2.00B in fiscal 2018. Real Estate & Financing was the largest at $1.25B (68.1%), ahead of Resort Operations & Club Management at $454.00M (24.7%) and Segment Reconciling Items at $168.00M (9.1%).
Compared with fiscal 2018, Segment Reconciling Items grew fastest, up 14.3% to $168.00M, while Real Estate & Financing fell the most, down 14.4% to $1.25B. From fiscal 2016 to 2019, combined revenue from these segments grew from $1.58B to $1.84B, a compound annual growth rate of 5.1%. Real Estate & Financing's share of the total fell from 72.2% to 68.1%.
The total is net of Intersegment Eliminations, which took $36.00M off revenue in fiscal 2019.
Hilton Grand Vacations (HGV) reports its revenue by product and service, by consolidated entities and by segment. In fiscal 2025, Sales Of Vois, Net was its largest product and service line, bringing in $1.81B (35.9% of the total), followed by Rental at $692.00M (13.7%).
Sales Of Vois, Net was Hilton Grand Vacations' largest product and service line in fiscal 2025, bringing in $1.81B, or 35.9% of the $5.05B total across its nine product and service lines.
Guarantors was Hilton Grand Vacations' largest revenue line in fiscal 2017, bringing in $1.60B, or 92.8% of the $1.72B total across its two revenue lines.
Real Estate & Financing was Hilton Grand Vacations' largest segment in fiscal 2019, bringing in $1.25B, or 68.1% of the $1.84B total across its four segments.
Among Hilton Grand Vacations' product and service lines that make up at least 2% of revenue, Interest Income grew fastest in fiscal 2025, up 11.3% from $425.00M to $473.00M.
Every figure comes from Hilton Grand Vacations' annual financial filings, as reported. Each line keeps the name Hilton Grand Vacations gives it, and years follow its fiscal calendar.
Hilton Grand Vacations' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.