Grab Holdings, known for Southeast Asia’s superapp Grab, reported third-quarter 2026 revenue of $1,112 million, up 27 percent from a year earlier.
In a statement on Tuesday, the ride-hailing and delivery company said it recorded its nineteenth consecutive quarter of adjusted EBITDA growth, to a record $237 million in Q3/2026. Profit for the period was $18 million, compared with $17 million a year earlier.
CEO Anthony Tan said Grab reached a record 57.2 million monthly transacting users in the quarter despite higher fuel prices and macroeconomic headwinds in the region. The company’s scale and network efficiencies allow it to lower prices for users while improving earnings for its driver and merchant partners, the executive added.
By segment, deliveries revenue rose 21 percent to $561 million, with segment adjusted EBITDA up 58 percent to US$123 million.
Mobility revenue rose 10 percent to $349 million and its GMV rose 14 percent to $2.3 billion.
Financial Services revenue more than doubled, up 124 percent to $201 million. Its gross loan portfolio reached $2.7 billion. Non-performing loans were 2.6 percent of that portfolio, and expected credit loss reserves were 6.5 percent of the portfolio.
On-demand gross merchandise value, or the total value of transactions on the platform, rose 18 percent to $6.8 billion. Total incentives for the quarter were $737 million and on-demand incentives rose to 10.7 percent of on-demand GMV, which Grab attributes to driver-supply spending and new product launches.
For the first nine months of 2026, Grab reported revenue of $3.06 billion, up about 24 percent from a year earlier. Its adjusted EBITDA of $560 million went up 60 percent year-on-year.
The company raised its 2026 guidance. Group revenue is now expected at $4.15 billion to US$4.20 billion, and adjusted EBITDA at $790 million to $800 million.
Grab also disclosed a $60 million break fee that it will record in the fourth quarter. The fee follows the October decision by Taiwan’s Fair Trade Commission to reject Grab’s proposed acquisition of foodpanda’s Taiwan business from Delivery Hero.
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