SINGAPORE, May 28, 2026, 03:03 SGT
- Grab was last at $3.635 on Wednesday afternoon in U.S. trading, up 4.5 cents from its previous close. Volume cleared 35 million shares.
- U.S. indexes pushed up, with the Nasdaq Composite rising 0.12% on delayed Reuters/LSEG data.
- Investors are looking at Grab’s move to bring Indonesia’s Superbank into its financial-services segment starting in May.
Grab Holdings shares traded higher Wednesday afternoon in the U.S., building on gains from the last two sessions. Investors shrugged off a lack of fresh company news and turned to Grab’s banking plans, weighing if the Singapore company can boost earnings without increasing risk.
Grab is moving to consolidate PT Super Bank Indonesia Tbk after Singtel hands over its stake to GXS Bank, the company said last week, pushing Grab’s direct and indirect holding over the 50% line. That brings Superbank’s earnings into Grab’s Financial Services segment starting in May. Grab said it will update group guidance at its second-quarter results in August.
Investors now have a new number for Grab to track. Financial services at Grab still trails rides and deliveries in size, but it is picking up speed and comes with a different set of risks: credit, deposits, rules, and capital, instead of trips and food.
Grab’s U.S. shares traded at $3.635, up 1.3%. The stock moved between $3.56 and $3.67. Sea Ltd rose 5.1%. Uber Technologies, which backs Grab, was up 0.7%.
Grab’s most recent quarter showed revenue up 24% from a year ago, reaching $955 million. Profit for the quarter was $120 million, up from $10 million. Adjusted EBITDA increased 46% to $154 million, excluding interest, taxes, depreciation, amortization and some other items.
Grab’s gross merchandise value (GMV), or the value of transactions before some deductions, climbed 24% for on-demand services to $6.1 billion. Deliveries revenue was up 23% to $510 million. Mobility revenue added 19%, reaching $337 million.
Finance had the faster growth for Grab. Financial Services revenue jumped 43% to $107 million. The gross loan book swelled 130% to $1.44 billion. Adjusted EBITDA for the segment stayed negative at $17 million, but that’s an improvement from a $30 million loss a year ago. Group-level profitability is still out of reach.
Grab CFO Peter Oey said after the quarter the company is “firmly on track” to meet its 2026 revenue guidance of $4.04 billion to $4.10 billion and adjusted EBITDA of $700 million to $720 million. CEO Anthony Tan described the quarter as a “strong start to 2026,” pointing to growth in demand and profitability. Q4 Portal
Phillip Securities Research’s Helena Wang is still bullish on Grab, keeping a buy rating and $7 target after her latest note on May 11. Wang called Grab a “long-term structural winner in Southeast Asia”, citing strong demand, better profitability and data advantages from artificial intelligence. POEMS
Superbank is coming in as a fresh player. Grab said the Indonesian digital bank now has over 6 million customers and handles more than 1 million daily transactions. It booked its first full-year profit in 2025. “Superbank has two structural advantages,” said Alex Hungate, president and chief operating officer at Grab. He listed distribution through Grab and OVO, and credit underwriting based on Grab’s transaction data.
Grab’s banking move comes as it eyes growth in other areas. In March, Grab said it would buy Delivery Hero’s foodpanda Taiwan unit for $600 million cash, marking its first deal beyond Southeast Asia. Reuters said the companies aim to close in the back half of 2026, and the deal should add at least $60 million to adjusted EBITDA in 2028.
The risk side is clear enough. Superbank adds more integration, credit and regulatory risks, and Grab’s main rides and delivery units still face issues with fuel costs, incentives and consumer demand. Grab said incentives were up in the first quarter as it moved to shore up driver earnings with fuel costs higher. “Fuel pressure was real for everyone,” Tan told Reuters in April. Q4 Portal
Grab shares are moving on execution, not any one headline. Investors get their next clear look in August, when Grab is set to update group guidance and fold Superbank results into its financials.
