Grab Holdings Limited Class A Ordinary Shares Q2 2026 Earnings Recap

Grab’s shares rose 6.3% following an earnings report that highlighted strong on-demand growth and raised full-year guidance, driven by consolidation of Superbank and the acquisition of Stash, signaling investor approval of the company’s expanding financial services and improving margins.

Key Takeaways

• On-demand Gross Merchandise Value (GMV) increased 21% year-over-year to $6.5 billion, with monthly transacting users reaching a record 54 million.
• Adjusted EBITDA grew 54% year-over-year to $168 million, expanding margins to 16.9% from 13.3%, marking 18 consecutive quarters of EBITDA growth.
• Full year 2026 guidance was raised, reflecting continued strong demand in core businesses and the addition of Superbank and Stash consolidated results.
• Deliveries accelerated to 24% year-over-year growth (constant currency), fintech segment nearing adjusted EBITDA profitability in H2 2026, and mobility segment grew 18% despite persistent elevated fuel prices.
• AI integration scaled significantly, cutting AI interaction costs by half and driving operational efficiencies, supporting margin expansion and product innovation.