Hilton Grand Vacations Inc. Earnings Per Share Disclosure
Year Ended December 31, | |||||||||||||||||
| ($ and shares outstanding in millions, except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Basic EPS: | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income attributable to stockholders | $ | 81 | $ | 47 | $ | 313 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares outstanding | 89.9 | 101.9 | 110.1 | ||||||||||||||
Basic EPS(1) | $ | 0.90 | $ | 0.46 | $ | 2.84 | |||||||||||
| Diluted EPS: | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Net income attributable to stockholders | $ | 81 | $ | 47 | $ | 313 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares outstanding | 91.5 | 103.1 | 111.6 | ||||||||||||||
Diluted EPS(1) | $ | 0.89 | $ | 0.45 | $ | 2.80 | |||||||||||
| Basic weighted average shares outstanding | 89.9 | 101.9 | 110.1 | ||||||||||||||
RSUs(2), PSUs(3), Options(4) and ESPP | 1.6 | 1.2 | 1.5 | ||||||||||||||
| Diluted weighted average shares outstanding | 91.5 | 103.1 | 111.6 | ||||||||||||||
| (in millions) | Shares | Cost | |||||||||
As of December 31, 2024 | 41 | $ | 1,549 | ||||||||
| Repurchases | 15 | 600 | |||||||||
As of December 31, 2025 | 56 | $ | 2,149 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Feb 29, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Mar 1, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.