Hilton Grand Vacations Inc. (HGV) FY2025 10-K Annual Report
Hilton Grand Vacations Inc. (HGV) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Hilton Grand Vacations Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Vacation ownership sales and financing under Hilton Grand Vacations brand
- • New securitization deals in 2025 totaling $1.165 billion, including $65M in Japan, expanding liquidity sources
- • Strategic emphasis on share repurchases: $600M repurchased in 2025, new $600M two-year repurchase plan approved
- • Total cash and equivalents $239M, restricted cash $332M, with $809M borrowing capacity remaining on revolver
- • Committed $9.4B in contractual obligations over 14 years, including $226M in future VOI purchase commitments
Management Discussion & Analysis
- • Revenue from contract sales included 17% fee-for-service and 9% just-in-time inventory; total estimated contract sales supply $14.7B
- • Financing propensity steady at 67% in 2025 and 2024; weighted-average FICO scores 734 (2025) vs 741 (2024)
- • Default rates decreased to 9.86% in 2025 from 10.77% in 2024, indicating improved credit quality
- • Over 720,000 club members, 200+ properties worldwide including Florida, Europe, Hawaii; ongoing rebranding of Diamond and Bluegreen properties
- • No specific profitability % or margin changes, cash flow, buybacks, dividends, capex, or explicit guidance disclosed in provided text
Risk Factors
- • Cybersecurity risk managed by experienced CISO, reporting quarterly to Audit Committee on threats and incidents
- • Dependence on third-party service providers with mandatory security assessments to mitigate external cybersecurity risks
- • Static cybersecurity governance may lag evolving threat landscape despite regular audits and incident response tabletop exercises
Hilton Grand Vacations Inc. FY2025 Key Financial MetricsXBRL
Revenue
$4.5B
▲ +1.1% YoY
Net Income
$81M
▲ +72.3% YoY
Net Margin
1.8%
▲ +74bp YoY
ROE
6.3%
▲ +360bp YoY
Total Assets
$11.5B
▲ +0.8% YoY
EPS (Diluted)
$0.89
▲ +97.8% YoY
Operating Cash Flow
$300M
▼ -2.9% YoY
Source: XBRL data from Hilton Grand Vacations Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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