Grab's Q2 2026 Profit Jumps 620% to US$252 Million, Full-Year Guidance Lifted
Singapore-based Grab reported a Q2 2026 profit of US$252 million, a 620 per cent increase from the prior year. Revenue also grew 22 per cent to US$997 million. The superapp platform raised its full-year revenue and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) forecasts, citing strong user engagement and segment performance.
Strong Quarterly Performance
Singapore-headquartered Grab posted a US$252 million profit for the second quarter of 2026. This marked a 620 per cent rise from US$35 million in Q2 2025. Quarterly revenue increased by 22 per cent, reaching US$997 million, up from US$819 million a year earlier. The company also achieved a record 54 million monthly transacting users (MTU) during the quarter. This growth stemmed from increased revenue across its deliveries, mobility, and financial services segments. Grab's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 54 per cent to US$168 million from US$109 million.
Segment Growth and Strategic Focus
Deliveries revenue grew 21 per cent to US$531 million, driven by gross merchandise value (GMV) and advertising. GrabMart, the grocery segment, saw its GMV expand 17 times faster than food deliveries in Q2 2026. Mobility revenue increased 12 per cent to US$331 million, supported by higher GMV and more mobility monthly transacting users. Financial services revenue climbed 59 per cent to US$134 million, with total loans disbursed rising 72 per cent to US$1.2 billion. The gross loan portfolio expanded 197 per cent to US$2.3 billion. Customer deposits across Grab's digital banks reached US$2.5 billion.
Raised Outlook and Capital Returns
Grab has revised its full-year 2026 guidance upwards. It now expects revenue between US$4.1 billion and US$4.15 billion, reflecting a 22 to 23 per cent growth rate. This compares to an earlier forecast of US$4.04 billion to US$4.1 billion. Adjusted EBITDA guidance also increased to between US$720 million and US$740 million, representing 44 to 48 per cent growth. Previously, this range was US$700 million to US$720 million. The company's board authorised an additional US$750 million for share repurchases, bringing the total programme to nearly US$1.8 billion since 2024.
Implications for Southeast Asia's Digital Economy
Grab's strong Q2 results and raised guidance highlight its deepening user engagement and multi-service strategy in Southeast Asia. Significant growth in grocery deliveries and financial services suggests these segments will contribute meaningfully to future profitability. For investors, the increased share repurchase programme signals confidence in the company's financial health. It also shows a commitment to returning capital. This performance underscores Grab's efforts to consolidate its position in the region's competitive digital platform landscape. The company expands its lending and digital banking footprint across key markets.
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