ORLANDO, Fla. (Oct. 29, 2026) — Hilton Grand Vacations Inc. (NYSE: HGV) (“HGV” or “the Company”) today reports its third quarter 2026 results.
Third Quarter 2026 Results1
- Total contract sales were $807 million, a decrease of 11.0% compared to the third quarter of 2025.
- Total revenues were $1.961 billion.
- Total revenues were affected by a net construction recognition of $536 million.
- Net income attributable to stockholders was $291 million and diluted EPS was $3.70.
- Adjusted net income attributable to stockholders was $317 million and adjusted diluted EPS was $4.03.
- Net income and Adjusted net income attributable to stockholders were affected by a net construction recognition of $296 million, or $3.76 per share.
- Adjusted EBITDA attributable to stockholders was $609 million.
- Adjusted EBITDA attributable to stockholders was affected by a net construction recognition of $296 million.
- The provision for financing receivable losses was 12.5% of owned contract sales primarily driven by the changes to the allowance for financing receivables losses methodology implemented during the quarter.
- The Company announces the promotion of Mike Riley to EVP, chief sales & marketing officer.
- During the third quarter, the Company repurchased 2.4 million shares of common stock for $110 million.
- As of Oct. 22, 2026, the Company has $617 million of remaining availability under the share repurchase plans.
- The Company is reducing its guidance for the full year 2026 Adjusted EBITDA, excluding deferrals and recognitions, to a range of $1.165 billion to $1.180 billion, from the prior range of $1.225 billion to $1.265 billion.
“The underlying business model, recurring revenue streams, and cash flow generation of our business remained resilient in the third quarter, but our sales results fell short of our expectations as the initiatives we put in place over the summer to improve execution are taking longer to ramp than we anticipated,” said Mark Wang, CEO of Hilton Grand Vacations. “While we are not satisfied with our third quarter results, we were encouraged to see initial signs of progress as we exited the quarter, and we’ve accelerated our implementation efforts while adding new measures to drive conversion.”
“Looking ahead, we are updating our outlook to reflect our year-to-date performance and a more realistic view on the timing and ramp of our initiatives,” Wang continued. “Our near-term priorities are clear: enhance sales execution by increasing our conversion rates and return the business to consistent and profitable growth. We remain confident in our business model, the quality of our brands and service, and our product and inventory position, including the recent opening of Ka Haku, a Hilton Club in Waikiki.”
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 Vacation Ownership Intervals or Vacation Ownership Interests (“VOIs”) under construction that are recognized when construction is complete.
These impacts are reflected in the sub-bullets.
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