--- title: "Hilton Grand Vacations | 8-K: FY2026 Q2 Revenue: USD 1.358 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294352106.md" datetime: "2026-07-30T11:09:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294352106.md) - [en](https://longbridge.com/en/news/294352106.md) - [zh-HK](https://longbridge.com/zh-HK/news/294352106.md) --- # Hilton Grand Vacations | 8-K: FY2026 Q2 Revenue: USD 1.358 B Revenue: As of FY2026 Q2, the actual value is USD 1.358 B. EPS: As of FY2026 Q2, the actual value is USD 0.15, missing the estimate of USD 0.7607. EBIT: As of FY2026 Q2, the actual value is USD 93 M. ### Overall Performance - Total revenues were $1.358 billion for the second quarter of 2026, compared to $1.266 billion in the second quarter of 2025, affected by a net construction deferral of $54 million. - Net income attributable to stockholders was $12 million for the second quarter of 2026, compared to $25 million in the second quarter of 2025, affected by a net construction deferral of $28 million. - Adjusted net income attributable to stockholders was $72 million for the second quarter of 2026, compared to $50 million in the second quarter of 2025. - Adjusted EBITDA attributable to stockholders was $265 million for the second quarter of 2026, compared to $233 million in the second quarter of 2025, affected by a net construction deferral of $28 million. ### Share Repurchases - During the second quarter of 2026, Hilton Grand Vacations Inc. repurchased 3.1 million shares of common stock for $150 million. - From July 1 through July 23, 2026, the company repurchased approximately 488,000 shares for $25 million. - Hilton Grand Vacations Inc. has $103 million of remaining availability under its 2025 Repurchase Plan. ### Real Estate Sales and Financing Segment - Revenues for the Real Estate Sales and Financing segment were $809 million for the second quarter of 2026, an increase of $49 million compared to $760 million in the second quarter of 2025. - Adjusted EBITDA for this segment was $211 million for the second quarter of 2026, compared to $176 million in the second quarter of 2025. - The segment’s Adjusted EBITDA profit margin was 26.1% for the second quarter of 2026, an increase from 23.2% in the second quarter of 2025. - The revenue increase was driven by a $38 million increase in Sales of VOI, net, and an $18 million increase in financing revenue, partially offset by a $7 million decrease in fee-for-service commissions, package sales, and other fees. - The segment’s Adjusted EBITDA was affected by a net construction deferral of $28 million in the second quarter of 2026, compared to a $45 million net construction deferral in the second quarter of 2025. - Total contract sales decreased by $24 million to $810 million for the second quarter of 2026, compared to $834 million in the second quarter of 2025. - Tours increased by 6.1%, while Volume Per Guest (VPG) decreased by 8.6% compared to the second quarter of 2025. - Fee-for-service contract sales represented 12.8% of total contract sales, down from 17.0% in the second quarter of 2025. - Financing revenues increased by $18 million, primarily due to an increase in the average outstanding balance of the timeshare financing receivables portfolio and a - $4 million decrease in the premium amortization of acquired timeshare financing receivables. ### Resort Operations and Club Management Segment - Revenues for the Resort Operations and Club Management segment were $430 million for the second quarter of 2026, an increase of $25 million compared to $405 million in the second quarter of 2025. - Adjusted EBITDA for this segment was $154 million for the second quarter of 2026, compared to $149 million in the second quarter of 2025. - The segment’s Adjusted EBITDA profit margin was 35.8% for the second quarter of 2026, compared to 36.8% in the second quarter of 2025. - The revenue increase was primarily due to a $14 million increase in rental revenue and a $6 million increase in resort and club management revenue. - Total members were 721,896 as of June 30, 2026, compared to 724,306 as of June 30, 2025. ### Balance Sheet and Liquidity (as of June 30, 2026) - Total cash and cash equivalents were $272 million. - Total restricted cash was $296 million. - The Company had $4.9 billion of corporate debt, net outstanding, with a weighted average interest rate of 5.626%. - Non-recourse debt, net outstanding, was $2.9 billion, with a weighted average interest rate of 5.035%. - The liquidity position consisted of $272 million of unrestricted cash and $463 million remaining borrowing capacity under the revolving facility. - The Company had $755 million remaining borrowing capacity under the Timeshare Facility. - $1.3 billion of notes were current on payments but not securitized, with approximately $719 million monetizable and $372 million anticipated to be eligible following certain milestones. ### Cash Flow - Free cash flow was $113 million for the second quarter of 2026, compared to $28 million for the same period in the prior year. - Adjusted free cash flow was $180 million for the second quarter of 2026, compared to $135 million for the same period in the prior year. - Adjusted free cash flow for Q2 2026 and 2025 included add-backs of $25 million and $53 million, respectively, for acquisition and integration-related costs. - The Company’s total net leverage on a trailing 12-month basis was approximately 3.8x as of June 30, 2026. ### Outlook - Hilton Grand Vacations Inc. is reiterating its prior guidance for the full year 2026 Adjusted EBITDA, excluding deferrals and recognitions, to be between $1.225 billion and $1.265 billion. ### Related Stocks - [HGV.US](https://longbridge.com/en/quote/HGV.US.md) ## Related News & Research - [Arrowstreet Capital Limited Partnership Has $54.56 Million Position in Hilton Grand Vacations Inc. $HGV](https://longbridge.com/en/news/294025355.md) - [Hilton Grand Vacations Q2 FY26 net income drops 52% to $12 million; revenue rises 7.3% to $1.36 billion](https://longbridge.com/en/news/294353850.md) - 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