Hilton Grand Vacations annual operating expenses
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2025
Hilton Grand Vacations Operating Expenses Growth & History (HGV)
Hilton Grand Vacations's operating expenses was $4.59B for fiscal 2025.
View full Hilton Grand Vacations company overviewHilton Grand Vacations annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.59B | $64.0M | +1.41% |
| 2024 | 2024-12-31 | $4.52B | $1.16B | +34.41% |
| 2023 | 2023-12-31 | $3.37B | $141.0M | +4.37% |
| 2022 | 2022-12-31 | $3.22B | $1.28B | +65.76% |
| 2021 | 2021-12-31 | $1.95B | $806.0M | +70.76% |
| 2020 | 2020-12-31 | $1.14B | −$384.0M | −25.21% |
| 2019 | 2019-12-31 | $1.52B | −$42.0M | −2.68% |
| 2018 | 2018-12-31 | $1.56B | $191.0M | +13.90% |
| 2017 | 2017-12-31 | $1.37B | $114.0M | +9.05% |
| 2016 | 2016-12-31 | $1.26B | $106.0M | +9.19% |
| 2015 | 2015-12-31 | $1.15B | — | — |
Hilton Grand Vacations quarterly operating expenses
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Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
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Q3.20
Q4.20
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Q3.21
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Q1.23
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Q3.23
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Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.27B | $113.0M | +9.79% |
| Q1 2026 | 2026-03-31 | $1.14B | $54.0M | +4.96% |
| Q4 2025 | 2025-12-31 | $1.17B | $16.0M | +1.39% |
| Q3 2025 | 2025-09-30 | $1.18B | $37.0M | +3.24% |
| Q2 2025 | 2025-06-30 | $1.15B | $13.0M | +1.14% |
| Q1 2025 | 2025-03-31 | $1.09B | −$2.0M | −0.18% |
| Q4 2024 | 2024-12-31 | $1.15B | $280.0M | +32.18% |
| Q3 2024 | 2024-09-30 | $1.14B | $304.0M | +36.28% |
| Q2 2024 | 2024-06-30 | $1.14B | $288.0M | +33.76% |
| Q1 2024 | 2024-03-31 | $1.09B | $286.0M | +35.57% |
| Q4 2023 | 2023-12-31 | $870.0M | $5.0M | +0.58% |
| Q3 2023 | 2023-09-30 | $838.0M | −$41.0M | −4.66% |
| Q2 2023 | 2023-06-30 | $853.0M | $52.0M | +6.49% |
| Q1 2023 | 2023-03-31 | $804.0M | $125.0M | +18.41% |
| Q4 2022 | 2022-12-31 | $865.0M | — | — |
| Q3 2022 | 2022-09-30 | $879.0M | $160.0M | +22.25% |
| Q2 2022 | 2022-06-30 | $801.0M | $493.0M | +160.06% |
| Q1 2022 | 2022-03-31 | $679.0M | $445.0M | +190.17% |
| Q3 2021 | 2021-09-30 | $719.0M | $509.0M | +242.38% |
| Q2 2021 · Jun 30 | 2021-06-30 | $308.0M | $143.0M | +86.67% |
| Q1 2021 | 2021-03-31 | $234.0M | −$103.0M | −30.56% |
| Q4 2020 | 2020-12-31 | $427.0M | $43.0M | +11.20% |
| Q3 2020 | 2020-09-30 | $210.0M | −$174.0M | −45.31% |
| Q2 2020 | 2020-06-30 | $165.0M | −$225.0M | −57.69% |
| Q1 2020 | 2020-03-31 | $337.0M | −$28.0M | −7.67% |
| Q4 2019 | 2019-12-31 | $384.0M | −$89.0M | −18.82% |
| Q3 2019 | 2019-09-30 | $384.0M | $20.0M | +5.49% |
| Q2 2019 | 2019-06-30 | $390.0M | −$18.0M | −4.41% |
| Q1 2019 | 2019-03-31 | $365.0M | $45.0M | +14.06% |
| Q4 2018 | 2018-12-31 | $473.0M | $113.0M | +31.39% |
| Q3 2018 | 2018-09-30 | $364.0M | $14.0M | +4.00% |
| Q2 2018 | 2018-06-30 | $408.0M | $60.0M | +17.24% |
| Q1 2018 | 2018-03-31 | $320.0M | $4.0M | +1.27% |
| Q4 2017 | 2017-12-31 | $360.0M | $21.0M | +6.19% |
| Q3 2017 | 2017-09-30 | $350.0M | $17.0M | +5.11% |
| Q2 2017 | 2017-06-30 | $348.0M | $44.0M | +14.47% |
| Q1 2017 | 2017-03-31 | $316.0M | $32.0M | +11.27% |
| Q4 2016 | 2016-12-31 | $339.0M | — | — |
| Q3 2016 | 2016-09-30 | $333.0M | — | — |
| Q2 2016 | 2016-06-30 | $304.0M | — | — |
| Q1 2016 | 2016-03-31 | $284.0M | — | — |
Hilton Grand Vacations operating expenses trends
Over the last five fiscal years, Hilton Grand Vacations's operating expenses increased from $1.14B to $4.59B, a change of $3.45B. The latest reported quarter, Q2 2026, shows $1.27B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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