Hilton Grand Vacations Q2 2026: Revenue Hits $1.36B, Adjusted EBITDA $265M, Guidance Reaffirmed
HGV sits 37% above its 52-week low of $36.79.
Summary
Hilton Grand Vacations reported Q2 2026 revenue of $1.36 billion and adjusted EBITDA of $265 million, reaffirmed its full-year guidance, and repurchased $150 million in shares. The quarter also featured a debt refinancing and the completion of a previously announced disposition.
Key Events · Earnings and Guidance · HGV
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Q2 Revenue and Profit Growth
Total revenues climbed to $1.358 billion from $1.266 billion a year ago, while adjusted EBITDA attributable to stockholders rose to $265 million from $233 million, fueled by higher tour flow and financing income.
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Full-Year Guidance Reiterated
Management reaffirmed its 2026 adjusted EBITDA guidance of $1.225 billion to $1.265 billion, excluding construction deferrals and recognitions, signaling confidence in the second half.
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Share Repurchases Continue
During Q2, the company bought back 3.1 million shares for $150 million, leaving $103 million remaining under the 2025 Repurchase Plan. An additional $25 million was repurchased in July.
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Debt Refinancing Extends Maturities
On July 17, 2026, HGV refinanced its Term Loan B due 2028 with an amended $850 million Term Loan B due 2033, keeping pricing at SOFR + 2.00%.
Analysis · HGV · Real Estate & Construction
Hilton Grand Vacations turned in a solid second quarter, with revenue reaching $1.36 billion and adjusted EBITDA climbing to $265 million from $233 million a year earlier. The company also returned capital aggressively, buying back $150 million in stock during the quarter, and reaffirmed its full-year adjusted EBITDA outlook of $1.225–$1.265 billion. A refinancing of its Term Loan B pushes maturities out to 2033 while keeping pricing unchanged. The results underscore steady operational execution and ongoing capital returns, even as contract sales edged lower and volume per guest declined 8.6%.
At the time of this filing, HGV was trading at $50.47 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4B. The 52-week trading range was $36.79 to $55.40. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.