How Hilton Grand Vacations makes money

Period

FY2025

How does Hilton Grand Vacations make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Hilton Grand Vacations Inc. Common Stock · FY2025 · year ended 2025-12-31

Revenue$5.0BGross profit$5.0B · 100%Cost of revenue$0 · 0%Operating income$4.8B · 96%Operating expenses$215M · 4%SG&A$215M · 4%Pre-tax income$157M · 3%Other expense$4.7B · 93%Net income$81M · 2%Income tax$76M · 2%Sales Of Vacation Ownership Intervals Net$1.8B · 36%Resort & Club Management$778M · 15%Rental & Ancillary Service$746M · 15%Fee For Services Commissions Package Sales & Other Fees$664M · 13%Cost Reimbursements$534M · 11%Financing$513M · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.