NEW YORK, July 27, 2026, 09:07 EDT — In U.S. premarket trading, Grab Holdings NASDAQ:GRAB gained 1.8% as Q2 margin forecasts highlight a higher hurdle, according to .
- Grab shares changed hands at $3.37 in premarket trading after declining 7.3% over the previous week.
- The guidance midpoint implies an average adjusted EBITDA margin of 17.8% across Q2 to Q4.
- Second-quarter preliminary revenue is estimated at around $990 million. The company will report results following the market close on August 3.
Shares of Grab Holdings Limited NASDAQ:GRAB were up 1.8% at $3.37 during late premarket trade on Monday. The move came after the stock fell 7.3% over the past week.
The $3.31 closing price on Friday was 50% below the 52-week peak and just 4.1% above its lowest point.
The upcoming earnings report will require more than strong sales. It must deliver a sharper increase in profits.
Grab projects revenue for 2026 in the range of $4.04 billion to $4.10 billion. The company’s forecast for adjusted EBITDA is between $700 million and $720 million. For the first quarter, revenue reached $955 million and adjusted EBITDA came in at $154 million.
Using the midpoint values from those ranges, calculations indicate the remaining obstacle:
| Measure | Q1 actual | FY2026 midpoint | Q2-Q4 quarterly average needed | Increase from Q1 |
|---|---|---|---|---|
| Revenue | $955 million | $4.07 billion | $1.038 billion | 8.7% |
| Adjusted EBITDA | $154 million | $710 million | $185 million | 20.3% |
| Adjusted EBITDA margin | 16.2% | 17.4% | 17.8% | 165 basis points |
Profit poses a tougher challenge. The necessary EBITDA growth is over double the rise in revenue.
According to early independent forecasts, second-quarter revenue is projected at approximately $990.4 million. To meet targets, the company would need to reach an average of $1.06 billion in revenue for both Q3 and Q4, representing a further sequential rise of 7.3%.
Chief Financial Officer Peter Oey stated that Q1 demonstrated “growing operating leverage across our platform.” The upcoming August report will indicate the pace at which that leverage is increasing. SEC
Mobility continues to be the main contributor to earnings, accounting for $198 million, or 74% of first-quarter segment EBITDA. Delivery operations contributed $88 million, while financial services reported a $17 million loss.
The margin trajectory is not set to adjust automatically. Incentives amounted to $650 million, representing 10.5% of on-demand GMV. Corporate regional expenses increased by $28 million, reaching $114 million.
The decline extended beyond one stock. Uber Technologies Inc. NYSE:UBER slid 9.0% over the week. Sea Limited NYSE:SE decreased 3.9%, and the Nasdaq Composite shed 2.1%.
Grab plans to release its unaudited second-quarter results following the U.S. market close on August 3. The management conference call is scheduled for 8 p.m. EDT.
Risks: Increased spending on driver incentives, promotional activities, cloud services, and potential credit defaults may slow margin improvement. Grab’s gross loan portfolio expanded by 130% to reach $1.44 billion. Operating cash flow for Q1 stood at negative $59 million.
The premarket rebound provides some respite. The challenge of earnings still persists.
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