ORLANDO, Fla. (July 31, 2025) – Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its second quarter 2025 results.
Second Quarter of 2025 highlights1
- Total contract sales were $834 million, an increase of 10.2% compared to the second quarter of 2024.
- Total revenues were $1.266 billion.
- Total revenues were affected by a net deferral of $82 million.
- Net income attributable to stockholders was $25 million and diluted EPS was $0.25.
- Adjusted net income attributable to stockholders was $50 million and adjusted diluted EPS was $0.54.
- Net income and Adjusted Net Income attributable to stockholders were affected by a net deferral of $45 million, or $(0.49) per share.
- Adjusted EBITDA attributable to stockholders was $233 million.
- Adjusted EBITDA attributable to stockholders was affected by a net deferral of $45 million.
- During the second quarter, the Company repurchased 4.1 million shares of common stock for $150 million.
- From July 1 through July 24, 2025, the Company repurchased approximately 626,000 shares for $29 million and currently has $98 million of remaining availability under the 2024 Repurchase Plan.
- On July 29, 2025, HGV’s Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to an aggregate of $600 million of its outstanding shares of common stock over a two-year period (the “2025 Repurchase Plan”), which is in addition to the amount remaining under the 2024 Repurchase Plan.
- The Company is reiterating its prior guidance for the full year 2025 Adjusted EBITDA, excluding deferrals and recognitions, of $1.125 billion to $1.165 billion.
“I’m pleased with our performance in the second quarter, highlighted by double-digit contract sales growth driven by improved execution,” said Mark Wang, CEO of Hilton Grand Vacations. “Our team’s dedicated efforts to advance our initiatives produced solid operating results, and our Financing Business Optimization helped drive another quarter of strong adjusted free cash flow generation. We built momentum through the quarter, as the value proposition of HGV Max membership has continued to resonate with our members and guests. Looking forward, we are reiterating our guidance for the year, which reflects our ongoing confidence in the business and the significant value creation opportunities we see ahead.”
[1] The Company’s current period results and prior year results include impacts related to deferrals of revenues and direct expenses related to the Sales of VOIs under construction that are recognized when construction is complete. These impacts are reflected in the sub-bullets.
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