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.