Grab jumps after Q1 profit surge, 24% revenue growth, guidance reaffirmed
Grab shares are jumping after the company reported Q1 2026 results with revenue up 24% year over year to $955 million and profit for the period rising to $120 million. Grab also reiterated full-year 2026 guidance and highlighted trailing 12-month adjusted free cash flow of $489 million.
1. What’s driving GRAB higher today
Grab is rallying after releasing first-quarter 2026 results (for the quarter ended March 31, 2026) showing a sharp improvement in profitability and continued strong top-line growth. The company reported revenue of $955 million, up 24% year over year, and profit for the period of $120 million, up from $10 million a year earlier, alongside continued margin expansion in adjusted EBITDA.
2. Key numbers investors are reacting to
Grab posted adjusted EBITDA of $154 million (up 46% year over year) and said trailing 12-month adjusted free cash flow expanded to $489 million. Management reiterated full-year 2026 guidance for group revenue of $4.04 billion to $4.10 billion and adjusted EBITDA of $700 million to $720 million, reinforcing the narrative of sustained operating leverage.
3. Under-the-hood drivers and what to watch next
Grab said the year-over-year profit increase was helped by better operating profit, a $118 million net gain on the fair value of financial assets and liabilities, and lower income tax expense. Investors will be watching whether operating profit can remain durable as the company balances growth investments with incentives, and whether cash generation remains strong as lending activity expands.