Hilton Grand Vacations Inc. (NYSE: HGV) reported its financial results for the third quarter of 2026 on October 29, 2026. The company announced a decrease in total contract sales and provided updated guidance for the full year, alongside continued activity in its share repurchase program.
For the quarter ended September 30, 2026, total contract sales were $807 million, representing an 11.0% decrease compared to the same period in 2025. Total revenues for the quarter were $1.961 billion. The company reported net income attributable to stockholders of $291 million and diluted earnings per share (EPS) of $3.70. Adjusted diluted EPS was reported at $4.03, while adjusted EBITDA attributable to stockholders was $609 million.
The company noted that these results were impacted by a net construction recognition of $296 million, which increased net income and adjusted EBITDA. Additionally, the provision for financing receivable losses was 12.5% of owned contract sales, a figure driven by changes to the methodology for the allowance for financing receivables losses implemented during the quarter.
In terms of liquidity and balance sheet metrics, total cash and cash equivalents were $227 million as of September 30, 2026, with total restricted cash at $275 million. The company reported total corporate debt net outstanding of $4.9 billion with a weighted average interest rate of 5.751%, and non-recourse debt net outstanding of $2.9 billion with a weighted average interest rate of 5.054%. The company’s total net leverage on a trailing 12-month basis was approximately 3.9x.
Regarding capital allocation, Hilton Grand Vacations repurchased 2.4 million shares of common stock during the third quarter for $110 million. As of October 22, 2026, the company had $617 million of remaining availability under its share repurchase plans.
The company updated its guidance for full year 2026 Adjusted EBITDA, excluding deferrals and recognitions, to a range of $1.165 billion to $1.180 billion. This range replaces the previously issued guidance of $1.225 billion to $1.265 billion. The company also announced the promotion of Mike Riley to Executive Vice President and Chief Sales & Marketing Officer.
