Grab lifts 2026 outlook after strong Q2

Grab Holdings increased its full-year 2026 revenue forecast to a range of US$4.10 billion to US$4.15 billion. This compares with a previous projection of US$4.04 billion to US$4.10 billion, reflecting a more optimistic view of the company’s growth trajectory.

The company also lifted its 2026 adjusted EBITDA guidance. It now expects adjusted EBITDA between US$720 million and US$740 million, up from a prior range of US$700 million to US$720 million.

These revisions position Grab for higher anticipated profitability and scale over the medium term, aligned with recent operating trends across its core businesses.

For the second quarter of 2026, Grab reported revenue of US$997 million. This represented a 22% year-on-year increase, indicating robust expansion compared with the same period a year earlier.

Some reports stated that net income for the three months ended June rose to US$252 million from US$35 million a year earlier. The improvement in profitability accompanied the solid top-line performance in the quarter.

Growth in the period was described as broad-based, with deliveries, mobility and financial services all contributing to the higher revenue and supporting the upgraded full-year outlook.

Company statements linked the improved 2026 guidance to sustained demand for ride-hailing and delivery services. Strong usage of Grab’s platform in these categories underpinned expectations for higher future revenue and earnings.

Promotional activity and product features were highlighted as additional growth drivers. Initiatives such as order bundling and the introduction of a lower-cost Saver tier were cited as supporting transaction volumes and user engagement.

These features are intended to enhance affordability and convenience on the platform, helping Grab expand its user base and increase frequency of use across its services.

Alongside the upgraded outlook, Grab’s board authorised an additional US$750 million in share repurchases under its buyback programme. The expanded authorization increases the company’s capacity to repurchase its own shares in the market.

The repurchase decision accompanies rising profitability metrics and stronger guidance, and adds a capital-management element to the company’s current strategy.