Grab, a prominent technology company, recently unveiled its second-quarter earnings for 2026, demonstrating a period of significant expansion and enhanced profitability. The company highlighted substantial revenue increases and consistent growth in its adjusted EBITDA, largely fueled by strong performance in its on-demand services and the strategic expansion of its financial technology offerings. These positive outcomes underscore Grab's effective business model and its capacity to convert scale into operational efficiency.
During the earnings call on Monday, August 3, 2026, key executives including Ken Vin Lek, Head of Strategic Finance and Investor Relations, Anthony Tan, Chief Executive Officer, Alex Hungate, President and Chief Operating Officer, and Peter Oey, Chief Financial Officer, detailed the company's achievements. Grab reported total revenues of $997 million, representing a 22% rise compared to the previous year. The adjusted EBITDA reached $168 million, a remarkable 54% year-over-year increase, marking the eighteenth consecutive quarter of growth for Grab Holdings Limited. The adjusted EBITDA margin also saw an improvement, expanding to 16.9% of revenue from 13.3% in the prior year.
The company's on-demand Gross Merchandise Value (GMV) grew by 21% year-over-year to $6.5 billion, or 22% on a constant currency basis. Monthly Transacting Users (MTU) hit a new record of 54 million, indicating a 17% increase from the previous year. Deliveries revenue climbed to $531 million, a 21% rise, driven by GMV expansion and the burgeoning advertising business. Mobility revenue increased by 12% to $331 million, supported by growth in transactions and user base. Financial Services revenue experienced a notable surge of 59%, reaching $134 million, following the consolidation of Superbank and increased lending activities. The gross loan portfolio saw a phenomenal 197% increase year-over-year, totaling $2.3 billion, with quarterly loan disbursements reaching $1.2 billion.
Grab also updated its full-year 2026 financial projections, raising revenue guidance to between $4.10 billion and $4.15 billion, and adjusted EBITDA guidance to between $720 million and $740 million. This upward revision reflects the strong business momentum and recent strategic acquisitions. Additionally, the company announced an expansion of its share repurchase program, authorizing an additional $750 million, bringing the cumulative program total to $1.75 billion. Profit for the period reached $235 million, significantly higher than the $20 million in the previous year, primarily due to a one-time gain of $307 million from the Superbank consolidation.
The company emphasized the significant role of AI in its operations, with AI interactions with driver and merchant partners seeing a tenfold increase, while the cost per interaction halved. This has led to improved engineer productivity and substantial time savings for sales teams. The acquisition of Stash, an AI-powered wealth platform managing over $5 billion in assets, further enhances Grab's ecosystem. GrabMart, the grocery delivery service, showed impressive growth, outpacing food deliveries by 1.7 times this quarter, demonstrating strong regional penetration and promising future contributions to overall GMV.
Management addressed various risks, including foreign exchange headwinds affecting certain ASEAN currencies and elevated fuel prices. Despite these challenges, Grab affirmed its commitment to supporting driver-partners, allocating $7 million to offset fuel costs, which has helped maintain a healthy marketplace and resulted in a 19% year-over-year growth in monthly active drivers. The company also confirmed that its Ojol (two-wheel taxi) business in Indonesia remains profitable despite commission cap regulations. Looking ahead, Grab plans to launch its first revenue-generating point-to-point autonomous vehicle service in Punggol, Singapore, during the fourth quarter, signaling its foray into advanced mobility solutions. The ongoing dialogue with Taiwanese regulators regarding the acquisition of Foodpanda’s Taiwan business is also progressing, with an expected closure by the end of the year.
Overall, Grab's second quarter of 2026 was marked by strategic financial growth and operational enhancements. The company's commitment to leveraging technology, expanding its market reach, and integrating new financial services demonstrates a clear path toward sustained profitability and increasing shareholder value. These efforts reflect a disciplined approach to business expansion, ensuring a solid foundation for future development across its diverse service offerings.
