In the fourth quarter of 2025, Grab’s On-Demand gross merchandise value rose 21% year over year as both its ride-hailing mobility and delivery services reported strong upticks. This sustained double-digit expansion underscores robust user engagement and increased transaction volumes across major Southeast Asian markets.

Grab has issued full-year 2026 revenue guidance of $4.04 billion to $4.10 billion, implying 20–22% year-over-year growth. This forecast reflects continued momentum from its core platform while assuming stable market conditions and further adoption of value-added services.

Grab’s growth is fueled by expanded market penetration, higher active user counts and cross-selling of financial and merchant services. Economies of scale from elevated transaction volumes are expected to enhance operating leverage and support margin improvement over time.