Grab Holdings Ltd - Class A NASDAQ:GRAB Price, Chart, News & Insight

Grab Holdings Jumps 4.7% as Record Profitability Impresses Investors

May 5, 2026

Grab Holdings (NASDAQ: GRAB) is surging about 4.7% in Tuesday's session after Southeast Asia's leading super-app delivered a record first quarter, posting strong revenue growth and its highest-ever adjusted EBITDA. For a company that spent years burning cash to build market share across the region, the shift to durable profitability is clearly resonating with investors.

Q1 by the Numbers

Revenue grew 24% year-over-year to $955 million, or 19% on a constant currency basis, driven by continued growth across the On-Demand and Financial Services segments. On-Demand gross merchandise value came in at $6.1 billion, up 24% year-over-year, with monthly transacting users growing 16% to 51.6 million and GMV per user rising 4% on a constant currency basis.

The profitability story was the real standout. Adjusted EBITDA grew 46% year-over-year to $154 million, a record for the company, with adjusted EBITDA margin expanding to 16.2% of revenue from 13.7% in Q1 2025. Profit for the period reached $120 million, up sharply from just $10 million a year ago, boosted by improved operating results, a $118 million net gain on fair value of financial assets and liabilities, and a $10 million reduction in income tax expenses.

Operating profit for the quarter was $22 million, a $43 million improvement from an operating loss of $21 million in the prior year period. Adjusted free cash flow swung to $98 million from negative $101 million a year ago, a $199 million improvement driven by increasing profitability and better management of receivables and payables.

The gross loan portfolio grew 130% year-over-year to $1.438 billion, reflecting the rapid expansion of Grab's financial services business, which is fast becoming a meaningful growth engine alongside its core mobility and delivery operations.

One area worth watching is incentive spending, which totaled $650 million for the quarter. On-Demand incentives as a proportion of GMV rose slightly, driven by higher partner incentives to meet festive demand and to support driver-partners facing increased fuel costs across the region. CEO Anthony Tan acknowledged that Southeast Asia is navigating an uncertain macroeconomic environment from a fuel crisis, though he framed Grab's results as a demonstration of platform resilience.

Guidance Unchanged but Confident

Management reiterated its full-year 2026 guidance of $4.04 billion to $4.10 billion in revenue, representing 20% to 22% growth year-over-year, and adjusted EBITDA of $700 million to $720 million, implying 40% to 44% growth. The unchanged guidance reflects confidence in the trajectory rather than caution — CFO Peter Oey noted the strong start keeps the company firmly on track.

Gross cash liquidity stood at $6.9 billion as of March 31, and in March 2026, Grab entered into an accelerated share repurchase agreement to buy back $250 million worth of shares, alongside a contingent forward purchase agreement for up to an additional $150 million, as part of a $500 million repurchase programme approved in February.

The Bigger Picture

Grab's Q1 results mark a meaningful milestone for a company that was once synonymous with cash burn and growth-at-any-cost. The combination of accelerating GMV growth, expanding margins, a fast-growing lending business, and active capital return to shareholders paints a picture of a maturing platform with multiple levers for continued value creation. The 4.7% gain today suggests investors are beginning to price in that story more seriously.

💬

European Investor 05-05-26

SIA share price in trouble - SG Wealth Builder

SIA share price in trouble

(sgwealthbuilder.com)

💬

WS Investor 04-27-26

Grab to Announce First Quarter 2026 Results on 4 May, 2026

💬

WS Investor 04-14-26

Grab announced it will acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million, marking its expansion into its ninth market and first outside Southeast Asia.

The transaction, expected to close in the second half of 2026 subject to regulatory approvals, will strengthen Grab’s presence in Taiwan, where foodpanda generated around $1.8 billion in gross merchandise value in 2025. The deal is projected to contribute at least $60 million in incremental adjusted EBITDA by 2028.

Grab plans to integrate its AI-driven platform and services into the Taiwanese market, aiming to enhance delivery efficiency, support merchants and drivers, and expand digital ecosystem offerings while maintaining service continuity during the transition.

💬

European Investor 03-23-26

Grab Holdings Limited Reports First Full-Year Net Profit in 2025

Grab Holdings Limited posted its first full-year net profit in 2025, capping a record fourth quarter marked by strong revenue growth and improved profitability.

Fourth-quarter revenue rose 19% year over year to $906 million, while On-Demand Gross Merchandise Value (GMV) increased 21% to a record $6.1 billion. Profit for the period reached $153 million, compared to $11 million a year earlier. Adjusted EBITDA climbed 54% to $148 million.

For the full year, revenue grew 20% to a record $3.37 billion, and On-Demand GMV rose 21% to $22.1 billion. Grab reported net income of $200 million for 2025, compared with a $158 million loss in 2024. Adjusted EBITDA increased 60% to $500 million, while Adjusted Free Cash Flow improved to $290 million.

Monthly Transacting Users reached 50.5 million in the fourth quarter. The company’s loan portfolio expanded to $1.18 billion, up 120% year over year.

Grab ended the year with gross cash liquidity of $7.4 billion and net cash liquidity of $5.4 billion. The company also announced a new $500 million share repurchase program.

Management said disciplined cost control, improved unit economics and product-led innovation underpin its long-term strategy, targeting $1.5 billion in Adjusted EBITDA and 80% free cash flow conversion by 2028.

Source: Grab Holdings Limited Q4 and FY2025 results release, February 12, 2026.

💬

Global Finance News 02-12-26

3 Singapore-Based US-Listed Stocks with Explosive Growth Prospects - The Smart Investor

These companies may be listed in the US, but they are all homegrown businesses that possess strong growth drivers.

(thesmartinvestor.com.sg)

💬

WS Investor 06-18-25

Top Stock Market Highlights of the Week: Grab Holdings, Sheng Siong and DoorDash - The Smart Investor

We look at the latest earnings from Asia’s ride-hailing giant and a supermarket operator, along with an acquisition by a food delivery company.

(thesmartinvestor.com.sg)

💬

European Investor 05-05-25

NASDAQ:GRABFollow

SIA share price in trouble - SG Wealth Builder

3 Singapore-Based US-Listed Stocks with Explosive Growth Prospects - The Smart Investor

Top Stock Market Highlights of the Week: Grab Holdings, Sheng Siong and DoorDash - The Smart Investor

NASDAQ:GRAB