Grab Reports $252 Million Q2 Earnings, Raises 2026 Guidance

Grab Holdings, the Singapore-based super-app, announced a profit of $252 million for the second quarter of 2026, marking a remarkable 620% increase from $35 million in the same period last year. This surge in earnings is attributed to a 22% rise in revenue, which reached $997 million, up from $819 million in Q2 2025. The growth was driven by strong performances across its deliveries, mobility, and financial services segments, according to CEO Anthony Tan.

In the deliveries sector, revenue grew by 21% to $531 million, buoyed by increased gross merchandise value (GMV) and a burgeoning advertising business. Mobility revenue also saw a 12% increase, reaching $331 million, as a result of higher mobility GMV and an expansion in the number of monthly transacting users. Grab committed over $7 million to support drivers amid ongoing fuel price challenges, contributing to a 19% increase in average monthly active drivers, which reached an all-time high.

The financial services division experienced the most significant growth, with revenue soaring 59% to $134 million, up from $84 million in Q2 2025. This growth was largely driven by increased lending activities through GrabFin and its digital banking platforms. Total loans disbursed in the quarter reached $1.2 billion, a 72% increase year-on-year, while the gross loan portfolio grew 197% to $2.3 billion.

“The revised guidance reflects the strength of the underlying business.”Peter Oey, CFO of Grab

Additionally, total customer deposits across Grab's banking entities, including GXS Bank, GX Bank, and Superbank, reached $2.5 billion by the end of Q2 2026. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a substantial increase, growing 54% to $168 million.

Grab's board has authorized a further $750 million for share repurchases, bringing the total share repurchase program to $1.8 billion since 2024. The company has raised its full-year revenue guidance for 2026 to between $4.1 billion and $4.15 billion, reflecting a growth rate of 22% to 23%. This is an increase from the previous guidance of $4.04 billion to $4.1 billion. Adjusted EBITDA guidance for 2026 has also been raised to between $720 million and $740 million, which represents a growth rate of 44% to 48%.

Peter Oey, CFO of Grab, mentioned that the revised guidance reflects the strength of the underlying business, bolstered by the consolidation of Superbank and the acquisition of U.S. fintech firm Stash.