The miss on both EPS and revenue vs consensus, combined with unchanged guidance, suggests deceleration from Q1's strong beat. Traders should monitor contract sales trends and VPG for further weakness; the $48M impairment and elevated provision for loan losses ($122M) warrant attention. The stock may face near-term selling pressure.
Price Chart
Executive Summary
Hilton Grand Vacations reported Q2 2026 adjusted EPS of $0.89, missing consensus of $1.01 by 11.9%, and revenue of $1.358B, missing $1.40B by 3%. Full-year Adjusted EBITDA guidance was reiterated at $1.225B-$1.265B, unchanged from prior guidance. The miss on both top and bottom lines, combined with flat guidance, signals slowing momentum after a strong Q1.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS $0.89 vs consensus $1.01 (miss of 11.9%)
- Revenue $1.358B vs consensus $1.40B (miss of 3%)
- GAAP diluted EPS $0.15 vs $0.25 in Q2 2025, impacted by $48M loss on sale and impairment
- Adjusted EBITDA attributable to stockholders $265M, up from $233M in Q2 2025
- Contract sales $810M, down 2.9% YoY; tours +6.1%, VPG -8.6%
- Full-year 2026 Adjusted EBITDA guidance reiterated at $1.225B-$1.265B
- Free cash flow $113M vs $28M in prior year; net leverage 3.8x
- Repurchased 3.1M shares for $150M in Q2, additional 488K shares for $25M in July
Financial Impact
Adjusted EPS miss of 11.9% and revenue miss of 3% vs consensus; guidance unchanged
Risk Factors
- Continued decline in VPG and contract sales
- Higher provision for loan losses ($122M in Q2 vs $95M in Q2 2025)
- Net leverage at 3.8x with $4.9B corporate debt
- Loss on sale and impairment of $48M may recur
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001674168-26-000098 |
| Document: hgv-20260730.htm | 0001674168-26-000098 |
| Document: 0001674168-26-000098-index-headers.html | 0001674168-26-000098 |
| Document: 0001674168-26-000098-index.html | 0001674168-26-000098 |
| Document: 0001674168-26-000098.txt | 0001674168-26-000098 |
| 8-K Data (Synthetic) | 0001674168-26-000098 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13G | $34.56 | awaiting T+60 | — | $35.44 (+2.53%) |
Jul 30, 2026 12w ago | 8-K | $46.32 $35.89 | ▲ +22.52% | ▲ +24.98% | $35.44 (+23.50%) |
Jun 4, 2026 20w ago | 8-K | $49.01 $43.81 | ▲ +10.61% | ▲ +12.49% | $35.44 (+27.70%) |
May 28, 2026 21w ago | 144 | $52.02 $45.36 | ▲ +12.80% | ▲ +13.99% | $35.44 (+31.88%) |
May 27, 2026 21w ago | 144 | $51.98 $45.11 | ▼ −13.22% | ▼ −14.95% | $35.44 (−31.83%) |
May 27, 2026 21w ago | 144 | $51.38 $44.82 | ▼ −12.77% | ▼ −14.65% | $35.44 (−31.03%) |
May 22, 2026 22w ago | 8-K | $49.79 $45.32 | ▼ −8.98% | ▼ −11.70% | $35.44 (−28.83%) |
May 8, 2026 24w ago | 8-K | $46.04 | awaiting T+60 | — | $35.44 (−23.03%) |
Mar 17, 2026 31w ago | DEFA14A | $41.29 $51.16 | ▲ +23.90% | ▲ +12.38% | $35.44 (−14.18%) |
Feb 26, 2026 34w ago | 8-K | $46.90 $48.97 | ▲ +4.41% | ▼ −3.34% | $35.44 (−24.45%) |
US Market Status
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