Grab raised its full-year 2026 revenue forecast to between US$4.10 billion and US$4.15 billion, up from the previous range of US$4.04 billion to US$4.10 billion, reflecting strong demand in its ride-hailing and delivery businesses [1, 2, 3]. It also increased its adjusted EBITDA forecast to between US$720 million and US$740 million, up from US$700 million to US$720 million [2, 3].
The company reported second-quarter 2026 revenue of US$997 million, a 22% increase year-on-year and slightly above analysts’ expectations of US$990.8 million [1, 2, 3]. Net income for the quarter surged to US$252 million from US$35 million a year earlier [2]. Grab’s gross merchandise volume in the quarter reached US$6.5 billion, supported by its expanding user base of 54 million active customers across more than 900 cities in Southeast Asia [3].
Grab announced a new US$750 million share buyback program as part of the company’s efforts to unlock shareholder value [1, 2, 3]. It also invested US$706 million on incentives for customers and drivers during the quarter, including over US$7 million to support driver earnings amid rising fuel costs [3].
The company is expanding its grocery delivery and fintech services such as loans and insurance tailored to drivers and merchants [1, 3, 4]. Its fintech business in Indonesia is growing and expected to turn profitable in the second half of 2026 [4]. To attract price-conscious consumers, Grab introduced new initiatives including order bundling and a budget-friendly "Saver" ride tier [1, 3].
The ride-hailing market remains competitive, with GoTo Group, Green & Smart Mobility, and a potential Uber Eats re-entry after Uber’s acquisition of Delivery Hero challenging Grab in Southeast Asia [2]. Grab integrated Foodpanda’s Taiwan operations acquired from Delivery Hero in May 2026 to expand its food delivery footprint [2].
In Indonesia, new regulations capped platform commissions on scooter rides at 8%, down from about 20%, creating challenges for Grab’s Indonesian mobility business [2]. Grab said scooter rides represent less than 6% of its mobility volume in Indonesia and plans to adjust its operations accordingly [2].
Grab reported these results and updates on August 4. The company expects continued momentum in its core ride-hailing and delivery segments to support its outlook for the remainder of 2026 [1, 2, 3].
