Timeshare vacation company Hilton Grand Vacations (NYSE: HGV) beat Wall Street’s revenue expectations in Q1 CY2026, with sales up 11.9% year on year to $1.29 billion. Its non-GAAP profit of $0.99 per share was 67.5% above analysts’ consensus estimates.
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Hilton Grand Vacations (HGV) Q1 CY2026 Highlights:
- Revenue: $1.29 billion vs analyst estimates of $1.26 billion (11.9% year-on-year growth, 2% beat)
- Adjusted EPS: $0.99 vs analyst estimates of $0.59 (67.5% beat)
- Adjusted EBITDA: $251 million vs analyst estimates of $240.8 million (19.5% margin, 4.2% beat)
- Free Cash Flow Margin: 8.4%, down from 16.1% in the same quarter last year
- Members: down 724,992 year on year
- Market Capitalization: $3.53 billion
Company Overview
Spun off from Hilton Worldwide in 2017, Hilton Grand Vacations (NYSE: HGV) is a global timeshare company that provides travel experiences for its customers through its timeshare resorts and club membership programs.
Revenue Growth
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, Hilton Grand Vacations grew its sales at a decent 43.6% compounded annual growth rate. Its growth was slightly above the average consumer discretionary company and shows its offerings resonate with customers.
We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new property or trend. Hilton Grand Vacations’s recent performance shows its demand has slowed as its annualized revenue growth of 11.1% over the last two years was below its five-year trend. We’re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. 
We can dig further into the company’s revenue dynamics by analyzing its number of members and conducted tours, which clocked in at 8.5 and 189,446 in the latest quarter. Over the last two years, Hilton Grand Vacations’s members averaged 10.3% year-on-year declines. On the other hand, its conducted tours averaged 3.8% year-on-year growth. 
This quarter, Hilton Grand Vacations reported year-on-year revenue growth of 11.9%, and its $1.29 billion of revenue exceeded Wall Street’s estimates by 2%.
Looking ahead, sell-side analysts expect revenue to grow 8.5% over the next 12 months, a slight deceleration versus the last two years. This projection doesn't excite us and implies its products and services will face some demand challenges.
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Operating Margin
in line with the same quarter last year. This indicates the company’s overall cost structure has been relatively stable.
Earnings Per Share
We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.
Hilton Grand Vacations’s full-year EPS flipped from negative to positive over the last five years. This is encouraging and shows it’s at a critical moment in its life.
In Q1, Hilton Grand Vacations reported adjusted EPS of $0.99, up from $0.09 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Hilton Grand Vacations’s full-year EPS of $3.01 to grow 49.7%.
Key Takeaways from Hilton Grand Vacations’s Q1 Results
It was good to see Hilton Grand Vacations beat analysts’ EPS expectations this quarter. We were also happy its revenue outperformed Wall Street’s estimates. Overall, we think this was a solid quarter with some key areas of upside. The stock traded up 2.5% to $44.50 immediately following the results.
Hilton Grand Vacations put up rock-solid earnings, but one quarter doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).
