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| Property | Value |
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| Meta Title | Grab Holdings (NasdaqGS:GRAB) - Earnings & Revenue Performance - Simply Wall St |
| Meta Description | Discover the latest data for Grab Holdings financials. From earnings and revenue to ROE, net margins, growth rates and more. Subscribe for free today! |
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| Boilerpipe Text | Past criteria checks 2/6
Grab Holdings has been growing earnings at an average annual rate of 56%, while the Transportation industry saw earnings growing at 0.5% annually. Revenues have been growing at an average rate of 34.4% per year. Grab Holdings's return on equity is 3%, and it has net margins of 8%.
Past Score
2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
Key information
55.99%
Earnings growth rate
93.75%
EPS growth rate
Transportation Industry Growth
15.63%
Revenue growth rate
34.38%
Return on equity
2.96%
Net Margin
7.95%
Last Earnings Update
31 Dec 2025
Revenue & Expenses Breakdown
How Grab Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
2019
2021
2023
2025
2026
Deliveries
US$1.80b
Mobility
US$1.22b
Financial Servic...
US$347.00m
Others
US$4.00m
Revenue
US$3.37b
Gross Profit
US$1.34b
Earnings
US$268.00m
Expenses
US$1.27b
General & Admini...
US$478.00m
Research & Devel...
US$428.00m
Sales & Marketin...
US$367.00m
Non-Operating Ex...
US$188.00m
Cost of Sales
US$2.03b
Earnings and Revenue History
Dec 31 2025
Revenue
US$3.370b
Earnings
US$268.000m
8.0%
Free Cash Flow
-US$44.000m
2020
2021
2022
2023
2024
2025
US$4b
US$0
-US$4b
Quality Earnings:
GRAB has a high level of
non-cash earnings
.
Growing Profit Margin:
GRAB became profitable in the past.
Free Cash Flow vs Earnings Analysis
US$268.00m
Earnings
US$177.00m
Depreciation and Amortization
US$241.00m
Stock Based Compensation
US$607.00m
Net Working Capital
-US$1.34b
Others
-US$44.00m
Free Cash Flow
Past Earnings Growth Analysis
Company
56.0%
Industry
0.5%
Market
8.3%
past 5 years annual earnings growth
Company
n/a
Industry
-13.7%
Market
11.6%
last 1 year earnings growth
Earnings Trend:
GRAB has become profitable over the past 5 years, growing earnings by 56% per year.
Accelerating Growth:
GRAB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry:
GRAB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (-13.7%).
Return on Equity
0%
10.0%
20.0%
30.0%
40.0%
ROE
Company
3.0%
Industry
11.5%
High ROE:
GRAB's
Return on Equity
(3%) is considered
low
.
Return on Assets
0%
2.0%
4.0%
6.0%
8.0%
10.0%
ROA
Company
1.4%
Industry
7.1%
Return on Capital Employed
0%
10.0%
20.0%
30.0%
ROCE
last year
1.1%
3 years ago
-16.9%
Discover strong past performing companies
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/04/05 04:09
End of Day Share Price
2026/04/02 00:00
Earnings
2025/12/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from
S&P Global Market Intelligence LLC
. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package
Data
Timeframe
Example US Source
*
Company Financials
10 years
Income statement
Cash flow statement
Balance sheet
SEC Form 10-K
SEC Form 10-Q
Analyst Consensus Estimates
+3 years
Forecast financials
Analyst price targets
Analyst Research Reports
Blue Matrix
Market Prices
30 years
Stock prices
Dividends, Splits and Actions
ICE Market Data
SEC Form S-1
Ownership
10 years
Top shareholders
Insider trading
SEC Form 4
SEC Form 13D
Management
10 years
Leadership team
Board of directors
SEC Form 10-K
SEC Form DEF 14A
Key Developments
10 years
Company announcements
SEC Form 8-K
*
Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data.
Learn more
.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our
Github page
, we also have
guides
on how to use our reports and
tutorials on Youtube
.
Learn about the
world class team
who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on
Github
.
Analyst Sources
Grab Holdings Limited is covered by 38 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst
Institution
Angus Mackintosh
Aletheia Analyst Network Limited
Jiong Shao
Barclays
Yanfang Jiang
Benchmark Company |
| Markdown | [Dashboard](https://simplywall.st/dashboard)[Portfolios](https://simplywall.st/portfolio)[Watchlist](https://simplywall.st/watchlist)[Community](https://simplywall.st/community/narratives)[Discover](https://simplywall.st/discover/investing-ideas)[Screener](https://simplywall.st/screener/create)
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Grab Holdings Limited
NasdaqGS:GRAB Stock Report
Market Cap: US\$14.8b
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- [Overview](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings)
- [1Valuation](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/valuation)
- [2Future](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/future)
- [3Past](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/past)
- [4Health](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/health)
- [5Dividend](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/dividend)
- [6Management](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/management)
- [7Ownership](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/ownership)
- [Information](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/information)
- [Stock Community](https://simplywall.st/stock/nasdaqgs/grab)
[](https://simplywall.st/plans?coupon=1mTiVJ52&utm_medium=banner)
View Future Growth
# Grab Holdings Past Earnings Performance
## Past criteria checks 2/6
Grab Holdings has been growing earnings at an average annual rate of 56%, while the Transportation industry saw earnings growing at 0.5% annually. Revenues have been growing at an average rate of 34.4% per year. Grab Holdings's return on equity is 3%, and it has net margins of 8%.
Past Score 2/6
- Quality Earnings
- Growing Profit Margin
- Earnings Trend
- Accelerating Growth
- Earnings vs Industry
- High ROE
## Key information
55\.99%
Earnings growth rate
93\.75%
EPS growth rate
| | |
|---|---|
| Transportation Industry Growth | 15\.63% |
| Revenue growth rate | 34\.38% |
| Return on equity | 2\.96% |
| Net Margin | 7\.95% |
| Last Earnings Update | 31 Dec 2025 |
## Recent past performance updates
### Full year 2025 earnings: EPS exceeds analyst expectations
Feb 12
### Third quarter 2025 earnings: EPS misses analyst expectations
Nov 04
### Grab Holdings Limited to Report Q3, 2025 Results on Nov 03, 2025
Oct 14
[Shareholders Will Be Pleased With The Quality of Grab Holdings' (NASDAQ:GRAB) Earnings Aug 06 ](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/news/shareholders-will-be-pleased-with-the-quality-of-grab-holdin)
### Second quarter 2025 earnings: Revenues in line with analyst expectations
Jul 31
### First quarter 2025 earnings: EPS exceeds analyst expectations
May 02
Show all updates
## Recent updates
### WeRide And Grab Launch Singapore First Autonomous Public Ride Service In Punggol
Apr 01
[Grab Holdings: Local Network Effect Advantage And Dominant Market Position Mar 26](https://seekingalpha.com/article/4886271-grab-holdings-local-network-effect-advantage-dominant-market-position?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Grab Holdings Limited (NasdaqGS:GRAB) agreed to acquire Foodpanda Taiwan Co., Ltd. from Delivery Hero SE (XTRA:DHER) for \$600 million.
Mar 23
### Grab Holdings Limited (NasdaqGS:GRAB) announces an Equity Buyback for \$500 million worth of its shares.
Feb 13
### New major risk - Earnings quality
Feb 12
### Full year 2025 earnings: EPS exceeds analyst expectations
Feb 12
### Grab Holdings Limited (NasdaqGS:GRAB) entered into a definitive agreement to acquire Stash Financial, Inc. from group of shareholders for an enterprise value of \$430 million.
Feb 12
### Chief People Officer notifies of intention to sell stock
Jan 12
### Grab Holdings Limited (NasdaqGS:GRAB) acquired Infermove.
Jan 08
[Is Grab Holdings Limited (NASDAQ:GRAB) Trading At A 32% Discount? Jan 05 ](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/news/is-grab-holdings-limited-nasdaqgrab-trading-at-a-32-discount)
### High number of new directors
Jan 02
### Grab Holdings Ltd Announces Board and Board Committee Changes, Effective December 1, 2025
Dec 01
### Grab Holdings Limited, Annual General Meeting, Dec 05, 2025
Nov 13
\+ 1 more update
### Now 22% undervalued
Nov 05
### Third quarter 2025 earnings: EPS misses analyst expectations
Nov 04
### Grab Holdings Limited Revises Group Earnings Guidance for Full Year 2025
Nov 04
### Grab Holdings Limited to Report Q3, 2025 Results on Nov 03, 2025
Oct 14
### Now 22% undervalued
Oct 09
### Now 21% undervalued
Sep 23
[Grab Holdings Limited (NASDAQ:GRAB) Looks Just Right With A 26% Price Jump Sep 19 ](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/news/grab-holdings-limited-nasdaqgrab-looks-just-right-with-a-26)
[Weekly Picks: 🚖 A super-app quietly consolidating an entire region and 2 more picks Sep 17 ](https://simplywall.st/stocks/us/healthcare/nasdaq-adus/addus-homecare/news/weekly-picks-a-super-app-quietly-consolidating-an-entire-reg)
[Shareholders Will Be Pleased With The Quality of Grab Holdings' (NASDAQ:GRAB) Earnings Aug 06 ](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/news/shareholders-will-be-pleased-with-the-quality-of-grab-holdin)
### Second quarter 2025 earnings: Revenues in line with analyst expectations
Jul 31
### Now 23% undervalued
Jul 31
### Consensus EPS estimates increase by 13%
Jul 29
[Is Now The Time To Look At Buying Grab Holdings Limited (NASDAQ:GRAB)? Jul 16 ](https://simplywall.st/stocks/us/transportation/nasdaq-grab/grab-holdings/news/is-now-the-time-to-look-at-buying-grab-holdings-limited-nasd-1)
### Now 22% undervalued
Jul 01
### Now 22% undervalued
Jun 10
### First quarter 2025 earnings: EPS exceeds analyst expectations
May 02
### Forecast to breakeven in 2025
May 01
[Saver Rides And Priority Deliveries Will Transform The On-Demand Ecosystem Apr 22 Strategic focus on tech and service diversity aims to boost revenue, margins, and user engagement through innovation and partnerships.](https://simplywall.st/narratives/j3eefda1-saver-rides-and-priority-deliveries-will-transform-the-on-demand-ecosystem)
### Grab Holdings Limited to Report Q1, 2025 Results on Apr 29, 2025
Apr 21
[Like Uber, Grab Is Building A Winner-Takes-Most Platform Apr 16](https://seekingalpha.com/article/4775617-like-uber-grab-is-building-a-winner-takes-most-platform?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### New minor risk - Share price stability
Apr 10
### Now 22% undervalued after recent price drop
Mar 28
### Grab Holdings Reportedly to Move Forward with Talks to Buy GoTo Group
Mar 18
### Now 21% undervalued after recent price drop
Mar 06
### Grab Holdings Limited (NasdaqGS:GRAB) acquired an unknown minority stake in Everrise Departmental Store Sdn. Bhd. from Navis Capital Partners.
Mar 05
[Grab Holdings: This Is Not A Meme Stock Feb 23](https://seekingalpha.com/article/4761058-grab-holdings-this-is-not-a-meme-stock?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Grab Holdings Limited Provides Earnings Guidance for the Year 2025
Feb 22
### Full year 2024 earnings: EPS misses analyst expectations
Feb 20
### Now 24% overvalued
Feb 18
[Grab This Buying Opportunity Before It Is Gone Feb 11](https://seekingalpha.com/article/4756972-grab-this-buying-opportunity-before-it-is-gone?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Now 20% overvalued after recent price rise
Jan 22
[Grab Holdings: Turning The Tide With Profitability Indicates A Buy Jan 13](https://seekingalpha.com/article/4749011-grab-holdings-stock-turning-the-tide-with-profitability-indicates-buy?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
[Grab: After A Sharp Rally This Year, It's Time To Start Taking Profits (Rating Downgrade) Dec 18](https://seekingalpha.com/article/4744948-grab-stock-after-sharp-rally-time-start-taking-profits-rating-downgrade?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
[Grab Holdings: So Many Bullish Catalysts Ahead Dec 11](https://seekingalpha.com/article/4743505-grab-holdings-so-many-bullish-catalysts-ahead?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Chief Technology Officer notifies of intention to sell stock
Dec 05
### Now 20% overvalued after recent price rise
Nov 20
[Grab: A Waking Giant Nov 17](https://seekingalpha.com/article/4738162-grab-a-waking-giant?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Grab Holdings Limited, Annual General Meeting, Dec 06, 2024
Nov 14
### Third quarter 2024 earnings: EPS and revenues exceed analyst expectations
Nov 12
### Grab Holdings Limited Provides Earnings Guidance for the Full Year 2024
Nov 12
[A Buy Antithesis For Grab Holdings Nov 10](https://seekingalpha.com/article/4735830-a-buy-antithesis-for-grab-holdings?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Co-Founder notifies of intention to sell stock
Oct 23
### Grab Holdings Limited to Report Q3, 2024 Results on Nov 11, 2024
Oct 21
[Massive Growth In Users As Grab Holdings Expands Its Suite Of Offerings Sep 18](https://seekingalpha.com/article/4721756-massive-growth-users-grab-holdings-expands-suite-of-offerings?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Consensus EPS estimates fall by 13%
Aug 22
### Co-Founder notifies of intention to sell stock
Aug 19
### Second quarter 2024 earnings: EPS and revenues miss analyst expectations
Aug 16
[Grab: Profitability In Sight Aug 13](https://seekingalpha.com/article/4714009-grab-profitability-in-sight?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Grab Holdings Limited (NasdaqGS:GRAB) acquired The Chope Group Pte. Ltd.
Jul 24
### Grab Holdings Limited to Report Q2, 2024 Results on Aug 15, 2024
Jul 23
[Grab's Path To Profitability Mirrors Uber's; We See Huge Upside In This Forgotten Stock Jul 16](https://seekingalpha.com/article/4704215-grabs-path-to-profitability-mirrors-ubers-we-see-huge-upside-in-this-forgotten-stock?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
[Grab: Reducing Costs And Growing Through Tourism Jun 20](https://seekingalpha.com/article/4700126-grab-reducing-costs-and-growing-through-tourism?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Consensus EPS estimates fall by 17%
Jun 09
[Grab Holdings: Strong Market Leadership Is Fending Off Competitors May 23](https://seekingalpha.com/article/4695195-grab-stock-q1-earnings-strong-market-leadership-is-fending-off-competitors?utm_source=simplywall.st&utm_medium=referral&feed_item_type=article)
### Consensus EPS estimates upgraded to US\$0.026 loss
May 22
### Grab Holdings Limited Revises Earnings Guidance for the Year 2024
May 17
### First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind
May 17
## Revenue & Expenses Breakdown
How Grab Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
2019
2021
2023
2025
2026
Deliveries
US\$1.80b
Mobility
US\$1.22b
Financial Servic...
US\$347.00m
Others
US\$4.00m
Revenue
US\$3.37b
Gross Profit
US\$1.34b
Earnings
US\$268.00m
Expenses
US\$1.27b
General & Admini...
US\$478.00m
Research & Devel...
US\$428.00m
Sales & Marketin...
US\$367.00m
Non-Operating Ex...
US\$188.00m
Cost of Sales
US\$2.03b
Data
***
## Earnings and Revenue History
| Dec 31 2025 | |
|---|---|
| Revenue | US\$3.370b |
| Earnings | US\$268.000m8\.0% |
| Free Cash Flow | \-US\$44.000m |
2020
2021
2022
2023
2024
2025
US\$4b
US\$0
\-US\$4b
Revenue
Earnings
Free Cash Flow
Cash From Op
Operating Expenses
Data
> Quality Earnings: GRAB has a high level of non-cash earnings.
> Growing Profit Margin: GRAB became profitable in the past.
***
## Free Cash Flow vs Earnings Analysis
US\$268.00m
Earnings
US\$177.00m
Depreciation and Amortization
US\$241.00m
Stock Based Compensation
US\$607.00m
Net Working Capital
\-US\$1.34b
Others
\-US\$44.00m
Free Cash Flow
Data
***
## Past Earnings Growth Analysis
Company
56\.0%
Industry
0\.5%
Market
8\.3%
#### past 5 years annual earnings growth
Company
n/a
Industry
\-13.7%
Market
11\.6%
#### last 1 year earnings growth
> Earnings Trend: GRAB has become profitable over the past 5 years, growing earnings by 56% per year.
> Accelerating Growth: GRAB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
> Earnings vs Industry: GRAB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (-13.7%).
***
## Return on Equity
0%
10\.0%
20\.0%
30\.0%
40\.0%
| ROE | |
|---|---|
| Company | 3\.0% |
| Industry | 11\.5% |
> High ROE: GRAB's Return on Equity (3%) is considered low.
***
## Return on Assets
0%
2\.0%
4\.0%
6\.0%
8\.0%
10\.0%
| ROA | |
|---|---|
| Company | 1\.4% |
| Industry | 7\.1% |
***
## Return on Capital Employed
0%
10\.0%
20\.0%
30\.0%
| ROCE | |
|---|---|
| last year | 1\.1% |
| 3 years ago | \-16.9% |
***
## Discover strong past performing companies
[Strong past performing companies in the Transportation industry.](https://simplywall.st/discover/investing-ideas/419982/sustainable-track-record/us/transportation)
View Financial Health
## Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/05 04:09 |
| End of Day Share Price | 2026/04/02 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
### Data Sources
The data used in our company analysis is from [S\&P Global Market Intelligence LLC](https://www.spglobal.com/market-intelligence/en). The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source \* |
|---|---|---|---|
| Company Financials | 10 years | Income statement Cash flow statement Balance sheet | [SEC Form 10-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-K&owner=include&count=40&action=getcurrent) [SEC Form 10-Q](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-Q&owner=include&count=40&action=getcurrent) |
| Analyst Consensus Estimates | \+3 years | Forecast financials Analyst price targets | Analyst Research Reports [Blue Matrix](https://bluematrix.com/www3/Home.action) |
| Market Prices | 30 years | Stock prices Dividends, Splits and Actions | [ICE Market Data](https://www.ice.com/fixed-income-data-services/data-and-analytics/exchange-data) [SEC Form S-1](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=S-1&owner=include&count=40&action=getcurrent) |
| Ownership | 10 years | Top shareholders Insider trading | [SEC Form 4](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=4&owner=include&count=40&action=getcurrent) [SEC Form 13D](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=SC+13D&owner=include&count=40&action=getcurrent) |
| Management | 10 years | Leadership team Board of directors | [SEC Form 10-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-K&owner=include&count=40&action=getcurrent) [SEC Form DEF 14A](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=DEF+14A&owner=include&count=40&action=getcurrent) |
| Key Developments | 10 years | Company announcements | [SEC Form 8-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=8-K&owner=include&count=40&action=getcurrent) |
\* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. [Learn more](https://support.simplywall.st/hc/en-us/articles/115006170908-Your-data-is-different-from-other-reports-and-websites-why-is-that).
### Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our [Github page](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown), we also have [guides](https://support.simplywall.st/hc/en-us/categories/360000146555) on how to use our reports and [tutorials on Youtube](https://www.youtube.com/watch?v=BUCa_h3YYWY&list=PLVdrK24l-IHfQ-JGbz5N1BZ9EcpPdkpLP).
Learn about the [world class team](https://simplywall.st/our-people) who designed and built the Simply Wall St analysis model.
### Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on [Github](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/industry_averages.markdown).
### Analyst Sources
Grab Holdings Limited is covered by 38 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Angus Mackintosh | Aletheia Analyst Network Limited |
| Jiong Shao | Barclays |
| Yanfang Jiang | Benchmark Company |
Show 35 more analysts
Level 5, 320 Pitt Street, Sydney
Financial Data provided by S\&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S\&P Global Market Intelligence LLC. All rights reserved.
[View Data Sources](https://simplywall.st/analysis-and-financial-data-sources)
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Past criteria checks 2/6
Grab Holdings has been growing earnings at an average annual rate of 56%, while the Transportation industry saw earnings growing at 0.5% annually. Revenues have been growing at an average rate of 34.4% per year. Grab Holdings's return on equity is 3%, and it has net margins of 8%.
Past Score 2/6
- Quality Earnings
- Growing Profit Margin
- Earnings Trend
- Accelerating Growth
- Earnings vs Industry
- High ROE
## Key information
55\.99%
Earnings growth rate
93\.75%
EPS growth rate
| | |
|---|---|
| Transportation Industry Growth | 15\.63% |
| Revenue growth rate | 34\.38% |
| Return on equity | 2\.96% |
| Net Margin | 7\.95% |
| Last Earnings Update | 31 Dec 2025 |
## Revenue & Expenses Breakdown
How Grab Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
2019
2021
2023
2025
2026
Deliveries US\$1.80b Mobility US\$1.22b Financial Servic... US\$347.00m Others US\$4.00m Revenue US\$3.37b Gross Profit US\$1.34b Earnings US\$268.00m Expenses US\$1.27b General & Admini... US\$478.00m Research & Devel... US\$428.00m Sales & Marketin... US\$367.00m Non-Operating Ex... US\$188.00m Cost of Sales US\$2.03b
***
Earnings and Revenue History
| Dec 31 2025 | |
|---|---|
| Revenue | US\$3.370b |
| Earnings | US\$268.000m8\.0% |
| Free Cash Flow | \-US\$44.000m |
2020
2021
2022
2023
2024
2025
US\$4b
US\$0
\-US\$4b
> Quality Earnings: GRAB has a high level of non-cash earnings.
> Growing Profit Margin: GRAB became profitable in the past.
***
Free Cash Flow vs Earnings Analysis
US\$268.00m
Earnings
US\$177.00m
Depreciation and Amortization
US\$241.00m
Stock Based Compensation
US\$607.00m
Net Working Capital
\-US\$1.34b
Others
\-US\$44.00m
Free Cash Flow
***
Past Earnings Growth Analysis
Company 56\.0% Industry 0\.5% Market 8\.3%
#### past 5 years annual earnings growth
Company n/a Industry \-13.7% Market 11\.6%
#### last 1 year earnings growth
> Earnings Trend: GRAB has become profitable over the past 5 years, growing earnings by 56% per year.
> Accelerating Growth: GRAB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
> Earnings vs Industry: GRAB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (-13.7%).
***
Return on Equity
0%
10\.0%
20\.0%
30\.0%
40\.0%
| ROE | |
|---|---|
| Company | 3\.0% |
| Industry | 11\.5% |
> High ROE: GRAB's Return on Equity (3%) is considered low.
***
## Return on Assets
0%
2\.0%
4\.0%
6\.0%
8\.0%
10\.0%
| ROA | |
|---|---|
| Company | 1\.4% |
| Industry | 7\.1% |
***
## Return on Capital Employed
0%
10\.0%
20\.0%
30\.0%
| ROCE | |
|---|---|
| last year | 1\.1% |
| 3 years ago | \-16.9% |
***
Discover strong past performing companies
## Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/05 04:09 |
| End of Day Share Price | 2026/04/02 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
### Data Sources
The data used in our company analysis is from [S\&P Global Market Intelligence LLC](https://www.spglobal.com/market-intelligence/en). The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source \* |
|---|---|---|---|
| Company Financials | 10 years | Income statement Cash flow statement Balance sheet | [SEC Form 10-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-K&owner=include&count=40&action=getcurrent) [SEC Form 10-Q](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-Q&owner=include&count=40&action=getcurrent) |
| Analyst Consensus Estimates | \+3 years | Forecast financials Analyst price targets | Analyst Research Reports [Blue Matrix](https://bluematrix.com/www3/Home.action) |
| Market Prices | 30 years | Stock prices Dividends, Splits and Actions | [ICE Market Data](https://www.ice.com/fixed-income-data-services/data-and-analytics/exchange-data) [SEC Form S-1](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=S-1&owner=include&count=40&action=getcurrent) |
| Ownership | 10 years | Top shareholders Insider trading | [SEC Form 4](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=4&owner=include&count=40&action=getcurrent) [SEC Form 13D](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=SC+13D&owner=include&count=40&action=getcurrent) |
| Management | 10 years | Leadership team Board of directors | [SEC Form 10-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-K&owner=include&count=40&action=getcurrent) [SEC Form DEF 14A](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=DEF+14A&owner=include&count=40&action=getcurrent) |
| Key Developments | 10 years | Company announcements | [SEC Form 8-K](https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=8-K&owner=include&count=40&action=getcurrent) |
\* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. [Learn more](https://support.simplywall.st/hc/en-us/articles/115006170908-Your-data-is-different-from-other-reports-and-websites-why-is-that).
### Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our [Github page](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown), we also have [guides](https://support.simplywall.st/hc/en-us/categories/360000146555) on how to use our reports and [tutorials on Youtube](https://www.youtube.com/watch?v=BUCa_h3YYWY&list=PLVdrK24l-IHfQ-JGbz5N1BZ9EcpPdkpLP).
Learn about the [world class team](https://simplywall.st/our-people) who designed and built the Simply Wall St analysis model.
### Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on [Github](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/industry_averages.markdown).
### Analyst Sources
Grab Holdings Limited is covered by 38 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Angus Mackintosh | Aletheia Analyst Network Limited |
| Jiong Shao | Barclays |
| Yanfang Jiang | Benchmark Company | |
| Shard | 164 (laksa) |
| Root Hash | 5020465287897891964 |
| Unparsed URL | st,simplywall!/stocks/us/transportation/nasdaq-grab/grab-holdings/past s443 |