HGV Q2 2026: $300M buyback, $100M Elara buy, $800M securitized; VPG down 8.3% YoY

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Litigation accrual nearly doubled to $19M from $10M YoY, while surety bond capacity fell 38% to $336M from $538M, potentially constraining sales activity in regulated states.

  Legal Proceedings verify on EDGAR →
• high

  Revolver capacity dropped $300M to $463M as the company deployed capital: $300M buyback (6M shares), $100M Elara acquisition, and $47M loss on asset dispositions.

  MD&A: Liquidity verify on EDGAR →
• high

  Volume per guest (VPG) declined 8.3% YoY to $3,551, driving contract sales down 1.7% despite 7.2% higher tour flow; real estate margin compressed to 18.7% from 23.9%.

  MD&A: Sales Metrics verify on EDGAR →