Singapore’s superapp Grab reported $1.95 B revenue, $355 M profit in H1/2026
In its quarterly assessment announced on Tuesday, Grab, the superapp based in Singapore, reported sales of $1.95 billion for the first half of 2026, up 23 percent year over year, and profit for the period of $355 million compared to $30 million a year earlier.
In H1/2026, adjusted EBITDA was $323 million, up over 50% from $215 million the previous year. In contrast to an operational loss of $14 million in the first half of 2025, operating profit was $41 million.
Additionally, Grab emphasized that its AI intelligence layer is now integrated into every tier of its platform and is anticipated to get stronger as it grows.
Revenue for the second quarter alone was $997 million, up 22% from the previous year, while adjusted EBITDA was $168 million, up 54%. This was the company’s eighteenth straight quarter of adjusted EBITDA increase.
At $6.5 billion, on-demand gross merchandise value (GMV) increased by 21% year over year. Monthly transactional users (MTU) increased by 17% year over year to a record 54 million.
Although the corporation stated that $307 million of this represents a one-time gain from combining Superbank in June 2026 and does not anticipate this to recur in the second half, profit for Q2/2026 was $235 million, up from $20 million a year earlier.
In the second quarter, GMV increased 24% on a constant currency basis to $4.25 billion, while deliveries revenue increased 21% year over year to $531 million. While their average earnings increased by 14% annually, the average monthly active delivery merchant-partners increased by 8% annually. The average expenditure per advertiser increased by 24% year over year, while the total number of active advertisers on the self-serve platform increased by 21%.
In the second quarter, GMV increased 18% to $2.21 billion, while mobility revenue increased 12% year over year to $331 million. Grab increased its inexpensive service tiers, resulting in a 28% annual growth in mobility transactions. The average monthly active driver-partners increased by 19% year over year to an all-time high.
In the face of rising gasoline prices throughout the region, Grab pledged more than $7 million during the quarter to maintain driver-partner earnings.
In the second quarter, financial services income increased 59% year over year to $134 million, while total loans disbursed increased 72% year over year to reach an all-time high of $1.2 billion. Superbank’s consolidation was a major factor in the gross loan portfolio’s 197% annual growth to $2.3 billion.
Grab increased its full-year 2026 revenue forecast to $4.10 billion to $4.15 billion, a 22–23 percent increase from the previous year. Additionally, it updated its adjusted EBITDA from $720 million to $740 million, indicating a 44–48% year-over-year increase due to Superbank’s consolidation and Stash’s acquisition.
The AI intelligence layer is now integrated into every layer of the platform, increasing driver and merchant-partner profits while enhancing operational efficiency, according to Anthony Tan, Group CEO and Co-Founder of Grab. According to the CEO, on-demand GMV growth surged to 22 percent year over year on a constant currency basis.
According to Tan, as the intelligence layer grows, it should become even more robust, resulting in increased user engagement and long-term, lucrative growth.
Grab serves more than 900 cities in eight Southeast Asian nations through its delivery, mobility, and digital finance services. Additionally, it runs supermarkets in Malaysia under the Everrise and Jaya Grocer brands.
