Grab Holdings Ltd has announced a net profit of $235m for the second quarter of 2026, marking a significant increase of $215m compared to the same period last year. The company also reported a 22% year-over-year growth in revenue, reaching $997m, and a 21% rise in On-Demand Gross Merchandise Value (GMV) to $6.5b.
The company’s Monthly Transacting Users (MTUs) reached a record high of 54 million, reflecting the success of its product and AI-led strategy. Anthony Tan, Group CEO and Co-Founder, stated, “We delivered another strong quarter. We executed against our product and AI-led strategy with On-Demand GMV growth accelerating to 22% year-over-year.”
Grab’s financial services are nearing a profitability inflection point, with the Gross Loan Portfolio nearly tripling year-over-year to $2.3b. The company also highlighted the consolidation of Superbank and the acquisition of Stash as key developments in this segment.
The company has raised its full-year 2026 guidance and announced a $750m share repurchase programme. The Grab intelligence layer, an AI-driven platform, has been instrumental in improving operating efficiency and user engagement, according to Tan.
Looking ahead, Grab is confident in its ability to maintain profitable growth, supported by its diversified merchant base and record MTUs. The company expects its Financial Services segment to achieve Adjusted EBITDA profitability in the second half of 2026.
