Grab Holdings Limited · GRAB · FY2026 Q2 · Calendar Q3 2026
Grab raised full-year EBITDA guidance as Q2 growth broadened across services
The supplied Q2 analysis supports a constructive operating case: adjusted EBITDA grew 54% year over year, demand grew across on-demand services, and management raised full-year adjusted EBITDA guidance. The case remains conditional on executing fintech integration and managing fuel, foreign-exchange and regulatory pressures.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the latest call analysis describes stronger adjusted EBITDA growth, a raised full-year EBITDA outlook, progress integrating Superbank and Stash, and increased emphasis on GrabMart and AI-enabled efficiency. The prior call had described full-year guidance as unchanged.
Guidance delta
Management raised full-year adjusted EBITDA guidance to $720 million, according to the supplied Q2 analysis; the prior-quarter analysis reported a $700–$720 million range.
Key takeaways
- Adjusted EBITDA rose 54% year over year to $168 million, with margins expanding to 16.9%.
- On-demand GMV grew 21% to $6.5 billion, and monthly transacting users reached 54 million, according to the analysis.
- GrabMart grocery grew 42% year over year and represented 14% of food users.
- Management cited AI-related efficiency gains, including lower AI interaction costs, while describing plans to expand financial services and autonomous shuttle services.
Management priorities
- Integrate Superbank and Stash and advance financial-services profitability.
- Grow GrabMart and deploy the AI-powered Grab Shopping Agent across the platform.
- Expand EV fleet partnerships and charging infrastructure, and progress the planned Singapore autonomous shuttle service.
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Try FN2 freeCompany context
Snapshot as of publicationGrab Holdings Limited operates a leading super-application, providing a wide array of services including transportation, food and package delivery, financial technology solutions, and business support offerings. These services are all accessible through a single mobile platform. Its operations span eight Southeast Asian countries, namely Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company maintains its corporate headquarters in Singapore.
Historical context
All GRAB earningsTechnology peers this season
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| LDOS Leidos Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +19.5% | -6.5% | Leidos Q3: Defense Tech strength offsets unresolved Health contract questions |
| ZBRA Zebra Technologies Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -9.5% | Zebra raises its full-year outlook as demand offsets memory-cost pressure |
| DT Dynatrace, Inc. | FY2027 Q2 · Calendar Q4 2026 | — | -12.7% | Dynatrace grew revenue 17%, while enterprise deal timing held back net new ARR |
| DOCN DigitalOcean Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.7% | DigitalOcean raises 2026 and 2027 growth outlook as AI workloads scale |
| SHOP Shopify Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -5.7% | Shopify pairs Q3 growth with agentic commerce investment |
Latest beats and misses
Who reports nextBeat on EPS
- RVTYFY2026 Q3 · November 3, 2026+6.2% EPS+7.8% move
- WATFY2026 Q3 · November 3, 2026+2.5% EPS+2.3% move
- ULSFY2026 Q3 · November 3, 2026+0.8% EPS+7.0% move
- FISVFY2026 Q3 · November 3, 2026+1.7% EPS+12.5% move
- YUMCFY2026 Q3 · November 3, 2026+2.8% EPS+1.6% move
- HSICFY2026 Q3 · November 3, 2026+0.7% EPS-4.8% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-04T15:13:11.484678+00:00
- FN2 earnings calendar · 2026-08-04T01:23:16.309567+00:00
- Polygon adjusted daily market bars · 2026-11-04T04:40:46.302223+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T04:40:46.299434+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.