Grab reports Q3 profit up 5% at US$18 million, raises full-year guidance
Revenue is guided to come in between US$4.15 billion and US$4.2 billion with 23 to 25% growth
Grab reported a 5% increase in third-quarter 2026 earnings to US$18 million, up from US$17 million in Q3 2025. Revenue also rose 27% to US$1.1 billion from US$873 million in the same period. Operating profit increased 297% to US$108 million, driven by growth across all business segments. This growth was partially offset by higher revenue costs and net impairment losses on financial assets.
CEO and co-founder Anthony Tan highlighted the company's record 57 million monthly transacting users, despite fuel price increases and regional economic challenges. Delivery revenue grew 21% to US$561 million, fueled by a US$4.5 billion increase in gross merchandise value (GMV) for food and groceries and improved advertising monetisation.
Loyalty program users accounted for 35% of deliveries GMV and were three times more frequent than non-subscribers. Mobility revenue grew 10% to US$349 million, while financial services revenue surged 124% to US$201 million, primarily due to increased lending and the consolidation of Indonesian Superbank. Grab's loan book expanded 265% in Indonesia, with a 169% increase in Malaysia, and non-performing loans stood at 2.6% as of end-September.
The company's full-year guidance for 2026 has been raised to between US$4.15 billion and US$4.2 billion, with a 23-25% growth forecast, up from the previous range of US$4.1 billion to US$4.15 billion and 22-23% growth.
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- Grab posts $18m Q3 profit, raises 2026 revenue outlook techinasia.com
