ORLANDO, Fla. (Feb. 26, 2026) – Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or
“the Company”) today reports its fourth quarter and full year 2025 results.
Fourth quarter of 2025 highlights1
- Total contract sales were $852 million, an increase of 1.8% compared to the fourth quarter of 2024.
- Total revenues were $1.333 billion.
- Total revenues were affected by a net construction deferral of $61 million.
- Net income attributable to stockholders was $48 million and diluted EPS was $0.55.
- Adjusted net income attributable to stockholders was $76 million and adjusted diluted EPS was $0.88.
- Net income and Adjusted Net Income attributable to stockholders were affected by a net construction
deferral of $32 million, or $(0.37) per share.
- Adjusted EBITDA attributable to stockholders was $292 million.
- Adjusted EBITDA attributable to stockholders was affected by a net construction deferral of $32 million.
- During the fourth quarter, the Company repurchased 3.5 million shares of common stock for $150 million.
- From Jan. 1 through Feb. 19, 2026, the Company has repurchased approximately 1.9 million shares for
$89 million and currently has $339 million of remaining availability under the 2025 share repurchase
program.
Full Year 2026 Outlook
- The Company expects full-year 2026 Adjusted EBITDA attributable to stockholders excluding deferrals and
recognitions to be in a range of $1.185 billion to $1.225 billion.
“We generated strong results in the fourth quarter, with growth in contract sales and EBITDA, in addition to
expanding our margins,” said Mark Wang, CEO of Hilton Grand Vacations. “We also delivered on the
expectations we set for the full year, finishing in the upper half of our guidance range while returning a record
amount of capital to shareholders.”
“2025 was a year of meaningful progress for HGV,” Wang continued. “We made key investments to
expand our lead generation, improved our execution across the business, and continued to evolve our product offering
to further strengthen our value proposition. As we look ahead, we plan to build upon those successes as we advance
toward our long-term model of driving consistent growth and efficiency gains to support material cash flow
generation.”
[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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