TL;DR
Grab reported a 22 per cent rise in Q2 2026 revenue to US$997 million, raised its full-year forecasts and announced a new US$750 million share repurchase programme.

Grab has lifted its full-year revenue and profit forecasts following a 22 per cent increase in second-quarter revenue to US$997 million.

Grab has upgraded its full-year 2026 revenue and profit expectations following its second-quarter performance. The Singapore-headquartered company reported second-quarter revenue of US$997 million, a 22 per cent year-on-year increase that beat analysts' estimates of US$990.8 million.

The updated financial outlook and a new US$750 million share repurchase programme pushed shares of the Nasdaq-listed company up 3 per cent in extended trading on 4 August. However, the stock is down more than 26 per cent this year. For HotInSG readers following local corporate developments, this marks the company's eighteenth straight quarter of adjusted EBITDA growth.

Driving Q2 demand

Gross merchandise value (GMV) across Grab's mobility and deliveries businesses climbed 21 per cent to US$6.5 billion in the second quarter. The company stated this was driven by growth in the number of active users, which it reports serves 54 million users in over 900 cities.

To support demand amidst higher fuel prices following the Iran war, Grab targeted cost-conscious customers. The company rolled out features such as order bundling and a budget-friendly tier called "Saver" to sustain momentum in its transport and food delivery segments.

The firm invested US$706 million in incentives for customers and drivers in the quarter. This included more than US$7 million specifically to support driver earnings amid the fuel crisis. Furthermore, the company is scaling its grocery delivery operations and financial services business by building out its loan and insurance offerings for riders and merchants.

Updated 2026 forecasts

Reflecting the second quarter, Grab's management expects full-year group revenue to land between US$4.10 billion and US$4.15 billion, up from a prior projection of US$4.04 billion to US$4.10 billion.

The company also raised its forecast for annual adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) to between US$720 million and US$740 million, from US$700 million to US$720 million earlier. The consolidation of Superbank and the acquisition of Stash are expected to contribute to the financial services segment in the latter half of the year.

The board authorised an additional US$750 million in share repurchases. The company intends to fund the repurchases with excess cash after allocating for investments to drive growth.

Frequently Asked Questions

What were Grab's Q2 2026 revenue figures?

Grab reported second-quarter revenue of US$997 million, which represents a 22 per cent increase compared to the same period last year.

What is Grab's new revenue guidance for 2026?

The company now expects full-year revenue to land between US$4.10 billion and US$4.15 billion, an increase from its earlier forecast.

How is Grab supporting its drivers amidst high fuel prices?

The firm committed over US$7 million during the second quarter specifically to support driver-partner earnings affected by rising fuel costs.

Why did Grab announce a share buyback?

As part of a disciplined capital allocation framework, Grab's board authorised a new US$750 million share repurchase programme, aiming to utilise excess cash after funding growth investments.