Grab Holdings Ltd has announced robust financial results for the third quarter of 2026, showcasing a remarkable growth trajectory. The company reported a 27% year-over-year increase in revenue, amounting to $1,112 million, and a record adjusted EBITDA of $237 million, marking a 73% increase from the previous year. This performance has led the company to raise its full-year guidance, demonstrating its confidence in sustaining growth despite ongoing economic challenges.

Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab, highlighted the achievement of reaching 57 million monthly transacting users on the platform. He stated, “More users are transacting on Grab than ever. Our scale and network efficiencies enable us to make our services more affordable for users, and improve earnings opportunities for our driver- and merchant-partners through our proprietary AI-powered tools and access to financing.”

Peter Oey, Chief Financial Officer of Grab, noted that this quarter marks the nineteenth consecutive quarter of adjusted EBITDA growth. He mentioned, “We are raising our full-year 2026 guidance for Group revenue to $4.15 billion to $4.20 billion, and Adjusted EBITDA to $790 million to $800 million.” This optimistic outlook reflects the company’s strategic initiatives and operational efficiencies that have contributed to its financial success.

Background

Grab Holdings Ltd, incorporated in Singapore, operates in the services-business services sector (SIC: 7389). The company trades on the Nasdaq under the tickers GRAB and GRABW. Grab has established itself as a leading player in Southeast Asia, providing a wide range of services including transportation, food delivery, and digital payments.

What the Filing Says

The recent filing, dated November 3, 2026, provides a comprehensive overview of Grab's financial performance for the third quarter ended September 30, 2026. Key highlights include:

  • Q3 2026 revenue grew 27% year-over-year or 30% on a constant currency basis to $1,112 million.
  • Adjusted EBITDA reached a record $237 million, reflecting a 73% year-over-year increase.
  • Adjusted Free Cash Flow nearly doubled year-over-year to $533 million on a trailing twelve-month basis.
  • The company repurchased $400 million of shares between September and October, with $500 million remaining under its buyback program.

Impact

This financial performance is expected to positively influence various stakeholders, including investors and employees. The increase in revenue and adjusted EBITDA suggests that Grab is effectively leveraging its operational capabilities to enhance profitability. Additionally, the share repurchase program indicates a commitment to returning value to shareholders.

What's Next

Grab has raised its full-year guidance, which suggests that the company is confident in its growth trajectory. However, the filing does not specify any immediate next steps beyond this announcement.