Hilton Grand Vacations (HGV) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Hilton Grand Vacations published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Hilton Grand Vacations reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Q3 2026 revenue includes a $536 million net recognition of Sales of VOIs that had been deferred while a Hawaii project was under construction. Net of related costs, it added $296 million, or $3.76 per share, to net income.
• In Q3 2026 Hilton Grand Vacations changed its allowance methodology for financing receivables, which cut the allowance for originated receivables by $55 million and raised Sales of VOIs, net.

Source: Hilton Grand Vacations Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Hilton Grand Vacations splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Hilton Grand Vacations's Real estate sales and financing revenue was $1.4 billion in Q3 2026, up 80% from $789 million in Q3 2025, 72% of total revenue.
• Hilton Grand Vacations's Resort operations and club management revenue was $416 million in Q3 2026, up 2% from $406 million in Q3 2025, 21% of total revenue.
• Hilton Grand Vacations's Cost reimbursements revenue was $153 million in Q3 2026, up 16% from $132 million in Q3 2025, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Hilton Grand Vacations guides Adjusted EBITDA only. It gives no revenue or EPS outlook in the release.

In its Q3 2026 release, Hilton Grand Vacations said:

“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.”

Source: Hilton Grand Vacations Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the HGV forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS attributable to stockholders, each as first reported in that quarter's release. Quarterly revenue swings with construction deferrals and recognitions of VOI sales.

We do not hold a confirmed date for Hilton Grand Vacations's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Hilton Grand Vacations reports two segments. Real estate sales and financing brought in $1,418 million of the $1,961 million total in Q3 2026, against $789 million a year earlier, and resort operations and club management brought in $416 million, against $406 million. Cost reimbursements of $153 million and intersegment eliminations of $(26) million make up the rest. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

Most of the jump came from accounting timing. Hilton Grand Vacations defers revenue from VOI sales at projects under construction until construction is complete, and in Q3 2026 it recognized a net $536 million of Sales of VOIs for a project in Hawaii. A year earlier the same line carried a $99 million deferral. Sales of VOIs, net were $1,124 million, against $473 million. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

Underlying selling activity fell. Contract sales were $807 million, down 11.0% from $907 million, because volume per guest (VPG) fell 12.5% to $3,406 while tour flow rose 1.7% to 235,991 tours. Fee-for-service contract sales were 11.5% of the mix, against 17.2% a year earlier, and fee-for-service commissions, package sales and other fees fell to $145 million from $188 million. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

The recurring lines grew. Financing revenue rose to $149 million from $128 million, which Hilton Grand Vacations attributed mainly to a larger average balance of timeshare financing receivables. Resort and club management revenue was $196 million and rental and ancillary services revenue $194 million; rental revenues alone were $179 million, up 3.5%. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026; Hilton Grand Vacations Form 10-Q, Q3 2026, Oct 29, 2026)

Hilton Grand Vacations sells timeshare interests mostly under Hilton brands and pays Hilton a license fee of 5% of gross revenues, with reduced phase-in fees on the acquired Diamond and Bluegreen businesses. It had more than 720,000 members across its clubs at the end of 2025 and about 200 properties in the U.S., Europe, Canada, the Caribbean, Mexico and Japan as of September 30, 2026. (Hilton Grand Vacations Form 10-K, 2025, Feb 26, 2026; Hilton Grand Vacations Form 10-Q, Q3 2026, Oct 29, 2026)

Hilton Grand Vacations' GAAP diluted EPS was $3.70 in Q3 2026, against $0.28 a year earlier, on net income attributable to stockholders of $291 million. The Hawaii construction recognition accounted for $296 million of net income, or $3.76 per share, by the company's own count, so without it the quarter would have been roughly breakeven. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

Adjusted diluted EPS of $4.03 adds back acquisition and integration-related costs ($13 million), other adjustment items ($28 million), other loss ($1 million) and a $(7) million gain on sale and impairment, net, then taxes them. The quarter also benefited from a $55 million cut to the allowance for originated financing receivables after a methodology change; the provision for financing receivables losses was $89 million, against $126 million. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

Buybacks shrank the share count. Diluted weighted average shares were 78.6 million, against 90.1 million a year earlier. Hilton Grand Vacations repurchased 2.4 million shares for $110 million in the quarter and 9 million shares for $410 million over nine months, with $617 million of authorization left as of Oct. 22, 2026. The effective tax rate was about 29%, against 38%. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026; Hilton Grand Vacations Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Hilton Grand Vacations guides one figure: full-year Adjusted EBITDA, excluding deferrals and recognitions. With Q3 2026 results it cut that range to $1.165 billion to $1.180 billion, from $1.225 billion to $1.265 billion, and its CEO said sales initiatives put in place over the summer were taking longer to ramp than anticipated. It gives no revenue or EPS outlook. (Hilton Grand Vacations Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Hilton Grand Vacations, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Hilton Grand Vacations's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning HGV is on is HGV a buy or a sell?, what analysts expect next is on the HGV forecast, and what the company does is on the Hilton Grand Vacations (HGV) stock page.

Every number on this page can be traced to a document Hilton Grand Vacations published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.