$GRAB · Grab Holdings Ltd
Grab reported Q3 2026 revenue of $1,112 million (+27% YoY, +30% constant currency) and record Adjusted EBITDA of $237 million (+73% YoY). The company raised full-year 2026 guidance for both revenue ($4.15B–$4.20B) and Adjusted EBITDA ($790M–$800M). Financial Services achieved its first-ever segment-level Adjusted EBITDA profitability at $12 million.
- Revenue grew 27% YoY (30% constant currency) to $1,112 million, driven by growth across all core segments.
- Adjusted EBITDA hit a record $237 million, up 73% YoY, with margin expanding 565 bps to 21.3% of revenue.
- Financial Services achieved its first-ever Segment Adjusted EBITDA profit at $12 million vs. -$28 million a year ago.
- Full-year 2026 guidance raised: Revenue to $4.15B–$4.20B and Adjusted EBITDA to $790M–$800M.
- Trailing twelve-month Adjusted Free Cash Flow nearly doubled YoY to $533 million.
Extended-hours trading shows GRAB at $3.17, +10.84% vs the regular close of $2.86, reflecting strong positive reaction to the guidance raise and record profitability metrics.
Grab's guidance raise, record profitability, and Financial Services turning EBITDA-positive mark an inflection in operating leverage across all three business segments.
Grab's 27% revenue growth and expanding margins contrast with slowing growth at Western ride-hail/delivery peers. The Financial Services segment turning profitable adds a third leg beyond Mobility and Deliveries.
Taiwan's Fair Trade Commission rejected the foodpanda Taiwan acquisition, triggering a $60 million break fee in Q4 2026. Non-Performing Loans at 2.6% of the $2.7B Gross Loan Portfolio bear watching as lending scales rapidly.