Grab Holdings Limited – Q2 2026 Results
Grab Holdings Limited (NASDAQ:GRAB) announced its second‑quarter 2026 financial performance, surpassing analyst expectations across earnings and revenue metrics. The company posted adjusted earnings per share of $0.06, beating the consensus estimate of $0.02 by $0.04. Revenue increased 22% year‑on‑year to $997 million, outpacing the consensus forecast of $989.86 million.
The super‑app recorded adjusted EBITDA of $168 million, a 54% YoY increase from $109 million in the comparable prior period, and the adjusted EBITDA margin rose to 16.9% of revenue from 13.3% a year earlier. On‑demand gross merchandise value (GMV) grew 22% YoY on a constant‑currency basis, reaching $6.5 billion, while the platform achieved a record 54 million Monthly Transacting Users (MTU), reflecting a 17% increase to 53.9 million MTU.
Segment‑level performance showed the Deliveries business generating $531 million in revenue, up 21% YoY, and Mobility contributing $331 million, up 12% YoY. Financial Services revenue surged 59% YoY to $134 million, driven primarily by higher lending activity, and the gross loan portfolio expanded 197% YoY to $2.3 billion.
Guidance for the full fiscal year 2026 was raised, with revenue now projected between $4.10 billion and $4.15 billion (representing 22‑23% YoY growth) and adjusted EBITDA expected in the range of $720 million to $740 million, a midpoint of $730 million indicating 46% YoY growth.
The Board also authorized a $750 million share repurchase program, bringing the cumulative share‑buyback authorization to $1.75 billion since 2024. Despite the strong results, Grab’s shares slipped 0.5% in after‑hours trading following the announcement.
"We delivered another strong quarter. We executed against our product and AI‑led strategy with On‑Demand GMV growth accelerating to 22% YoY on a constant currency basis, and we reached a record 54 million Monthly Transacting Users," said Anthony Tan, Group Chief Executive Officer and Co‑Founder.