Singapore, May 25, 2026, 04:02 (SGT)
- Grab ended Friday at $3.51, off 1.4%. The Nasdaq stock finished the week down about 1.1%.
- U.S. equity markets will be shut Monday for Memorial Day. GRAB’s next regular session is set for Tuesday.
- Grab said this week it would consolidate Indonesia’s Superbank. The group is set to give new guidance at its second-quarter call in August.
Grab Holdings shares traded in the U.S. finished Friday at $3.51, off 1.4% for the day and roughly 1.1% lower than a week ago. The Southeast Asian superapp pulls back into a long market break on the loss. A superapp brings together rides, delivery, payments, and finance products in one app.
Nasdaq will stay shut Monday for Memorial Day. That pushes the next regular trading day to Tuesday, after a week where Grab put banking at the front of its strategy, not ride-hailing.
Grab said May 20 it will bring PT Super Bank Indonesia Tbk onto its balance sheet after Singtel Alpha Investments shifts its Superbank stake over to GXS Bank, the digital banking arm Grab owns together with Singtel. After the move, Grab’s total holding in Superbank will go above 50%. Superbank’s numbers will be reported inside Grab’s Financial Services business.
Indonesia’s digital banking growth is going to Grab’s accounts. Superbank now has over 6 million customers and handles more than 1 million transactions a day. It posted its first full-year profit in 2025. Asset growth was 72% year on year, while net interest income jumped 84% in April. Net interest income is interest from loans minus what’s paid on deposits and funding.
Grab president and COO Alex Hungate said Superbank has “two structural advantages”: using Grab and OVO to lower distribution costs, and tying credit underwriting to Grab’s transaction data. Pei-Si Lai, CEO of GXS Bank, said the goal is “making financial services more accessible to Southeast Asians.” SEC
The shares trailed the market. The Nasdaq Composite added 0.2% on Friday and was up 0.5% for the week. Both the S&P 500 and Dow finished higher too, as U.S. stocks posted an eighth consecutive weekly gain.
Grab’s first-quarter numbers gave investors a mixed look at the stock. Revenue hit $955 million, 24% higher than a year ago. On-demand gross merchandise value, the total transactions on its platform before any deductions, also rose 24% to $6.1 billion. The company posted $120 million in profit for the quarter. Adjusted EBITDA, which excludes interest, tax, depreciation, amortization and a few other items, jumped 46% to $154 million.
Chief Executive Anthony Tan said this was a “strong start to 2026”. CFO Peter Oey talked about “growing operating leverage” and reiterated Grab’s 2026 targets: revenue between $4.04 billion and $4.10 billion, and adjusted EBITDA in the $700 million to $720 million range. Q4 Capital
Competition is still a factor. The big peer move now is Grab’s agreement to buy Delivery Hero’s Foodpanda Taiwan for $600 million in cash, its first deal outside Southeast Asia. The deal, announced in March, is expected to close in the second half of 2026, pending regulatory approval.
Banking growth could add problems before profits show up. Grab’s own filing lists risks like integration, regulation, competition and macro issues; the first-quarter update showed higher driver-partner incentives with fuel costs up. If Superbank sees more credit losses, integration drags due to regulators, or subsidies jump again for mobility and delivery, shares may lag the Nasdaq.
Few trading sessions are left this week since U.S. markets are shut on Monday. Investors now look for the Superbank stake transfer, which should wrap up in May. Grab’s updated group guidance is due at its Q2 results call in August. The stock could keep tracking U.S. tech moves for now, while traders wait for more updates on how fast banking will boost earnings and whether it brings extra risk.
