Grab Q3 Revenue Up 27% to $1.11B, Adjusted EBITDA Up 73%; FY26 EBITDA Guidance Raised to $790-800M
GRAB sits 18% above its 52-week low of $2.67.
Summary
Grab grew Q3 revenue 27% to $1,112M and Adjusted EBITDA 73% to a record $237M, then raised FY2026 revenue guidance to $4.15-4.20B and Adjusted EBITDA to $790-800M. Financial Services turned its first segment profit while the loan book tripled to $2.7B.
Key Events · Earnings and Guidance · GRAB
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Q3 Revenue Grows 27% to $1,112M
Revenue rose 27% YoY, or 30% on a constant currency basis, from $873M, with growth across all core segments. On-Demand GMV reached $6.8B, up 18% YoY.
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Adjusted EBITDA Hits Record $237M
Adjusted EBITDA grew 73% YoY from $136M, lifting margin to 21.3% of revenue, up 565 basis points. Operating profit jumped 297% to $108M.
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FY26 Guidance Raised on Both Lines
Group revenue guidance moved to $4.15-4.20B (23-25% growth) from $4.10-4.15B, and Adjusted EBITDA to $790-800M (58-60% growth) from $720-740M.
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Financial Services Turns First Segment Profit
Segment Adjusted EBITDA was $12M versus -$28M a year ago on revenue of $201M, up 124%. Gross loan portfolio reached $2.7B, up 200%, with NPLs at 2.6% and reserves at 6.5% covering them about 2.4 times.
Analysis · GRAB · Trade & Services
Grab posted its nineteenth straight quarter of Adjusted EBITDA growth and raised full-year guidance on both revenue and EBITDA, lifting the EBITDA midpoint by roughly $65M. The more consequential shift is in Financial Services: the segment turned Adjusted EBITDA positive for the first time ($12M from -$28M) while the gross loan portfolio tripled to $2.7B. That is the payoff on the Superbank and Stash acquisitions, but it also introduces new credit risk — NPLs sit at 2.6%, with reserves covering them about 2.4 times. Meanwhile, the company spent $400M buying back stock in September and October and has $500M left, which at current prices would retire more than 10% of shares outstanding since 2024. The one blemish is the $60M break fee from Taiwan's rejection of the foodpanda Taiwan deal, booked in Q4 and excluded from Adjusted EBITDA.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 40.9% of the 1143 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.37%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GRAB was trading at $3.16 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.7B. The 52-week trading range was $2.67 to $6.24. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.