Grab Holdings Limited (GRAB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 955M | 906M | 873M | 819M | 773M | 764M | 716M | 664M | 653M | 653M | 615M | 567M | 525M | 502M | 382M | 321M | 228M | 122M | 157M | 179M |
| Revenue Growth % | 23.54% | 18.59% | 21.93% | 23.34% | 18.38% | 17% | 16.42% | 17.11% | 24.38% | 30.08% | 60.99% | 76.64% | 130.26% | 311.48% | 143.31% | 79.33% | 5.56% | -37.6% | -19.69% | - |
| Cost of Goods Sold | 541M | 509M | 491M | 465M | 449M | 432M | 409M | 388M | 394M | 377M | 375M | 376M | 372M | 388M | 321M | 337M | 310M | 297M | 266M | 266M |
| COGS % of Revenue | 56.65% | 56.18% | 56.24% | 56.78% | 58.09% | 56.54% | 57.12% | 58.43% | 60.34% | 57.73% | 60.98% | 66.31% | 70.86% | 77.29% | 84.03% | 104.98% | 135.96% | 243.44% | 169.43% | 148.6% |
| Gross Profit | 414M | 397M | 382M | 354M | 324M | 332M | 307M | 276M | 259M | 276M | 240M | 191M | 153M | 114M | 61M | -16M | -82M | -175M | -109M | -87M |
| Gross Margin % | 43.35% | 43.82% | 43.76% | 43.22% | 41.91% | 43.46% | 42.88% | 41.57% | 39.66% | 42.27% | 39.02% | 33.69% | 29.14% | 22.71% | 15.97% | -4.98% | -35.96% | -143.44% | -69.43% | -48.6% |
| Gross Profit Growth % | 27.78% | 19.58% | 24.43% | 28.26% | 25.1% | 20.29% | 27.92% | 44.5% | 69.28% | 142.11% | 293.44% | 1293.75% | 286.59% | 165.14% | 155.96% | 81.61% | -228% | -360.53% | -186.84% | - |
| Operating Expenses | 339M | 302M | 355M | 347M | 345M | 330M | 345M | 332M | 334M | 321M | 333M | 367M | 357M | 369M | 351M | 368M | 363M | 359M | 292M | 302M |
| OpEx % of Revenue | 35.5% | 33.33% | 40.66% | 42.37% | 44.63% | 43.19% | 48.18% | 50% | 51.15% | 49.16% | 54.15% | 64.73% | 68% | 73.51% | 91.88% | 114.64% | 159.21% | 294.26% | 185.99% | 168.72% |
| Selling, General & Admin | 225M | 211M | 212M | 208M | 195M | 235M | 194M | 209M | 198M | 219M | 207M | 200M | 217M | 237M | 216M | 234M | 239M | 235M | 203M | 214M |
| SG&A % of Revenue | 23.56% | 23.29% | 24.28% | 25.4% | 25.23% | 30.76% | 27.1% | 31.48% | 30.32% | 33.54% | 33.66% | 35.27% | 41.33% | 47.21% | 56.54% | 72.9% | 104.82% | 192.62% | 129.3% | 119.55% |
| Research & Development | 120M | 91M | 103M | 114M | 121M | 93M | 97M | 104M | 116M | 102M | 99M | 91M | 128M | 110M | 116M | 120M | 119M | 96M | 93M | 91M |
| R&D % of Revenue | 12.57% | 10.04% | 11.8% | 13.92% | 15.65% | 12.17% | 13.55% | 15.66% | 17.76% | 15.62% | 16.1% | 16.05% | 24.38% | 21.91% | 30.37% | 37.38% | 52.19% | 78.69% | 59.24% | 50.84% |
| Other Operating Expenses | -1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
| Operating Income | 75M | 95M | 27M | 7M | -21M | 2M | -38M | -56M | -75M | -45M | -93M | -176M | -204M | -255M | -290M | -384M | -445M | -534M | -401M | -389M |
| Operating Margin % | 7.85% | 10.49% | 3.09% | 0.85% | -2.72% | 0.26% | -5.31% | -8.43% | -11.49% | -6.89% | -15.12% | -31.04% | -38.86% | -50.8% | -75.92% | -119.63% | -195.18% | -437.7% | -255.41% | -217.32% |
| Operating Income Growth % | 457.14% | 4650% | 171.05% | 112.5% | 72% | 104.44% | 59.14% | 68.18% | 63.24% | 82.35% | 67.93% | 54.17% | 54.16% | 52.25% | 27.68% | 1.29% | -92.64% | -118.85% | -64.34% | - |
| EBITDA | 129M | 144M | 74M | 48M | 19M | 39M | -2M | -22M | -35M | -8M | -56M | -140M | -169M | -215M | -252M | -347M | -411M | -445M | -316M | -303M |
| EBITDA Margin % | 13.51% | 15.89% | 8.48% | 5.86% | 2.46% | 5.1% | -0.28% | -3.31% | -5.36% | -1.23% | -9.11% | -24.69% | -32.19% | -42.83% | -65.97% | -108.1% | -180.26% | -364.75% | -201.27% | -169.27% |
| EBITDA Growth % | 578.95% | 269.23% | 3800% | 318.18% | 154.29% | 587.5% | 96.43% | 84.29% | 79.29% | 96.28% | 77.78% | 59.65% | 58.88% | 51.69% | 20.25% | -14.52% | -179.59% | -219% | -100.63% | - |
| D&A (Non-Cash Add-back) | 54M | 49M | 47M | 41M | 40M | 37M | 36M | 34M | 40M | 37M | 37M | 36M | 35M | 40M | 38M | 37M | 34M | 89M | 85M | 86M |
| EBIT | 75M | 95M | 65M | 55M | 29M | -3M | 22M | -20M | -50M | 26M | -65M | -135M | -193M | -514M | -298M | -535M | -397M | -898M | -390M | -340M |
| Net Interest Income | 6M | 51M | 21M | 29M | 67M | 45M | 81M | 14M | -8M | 23M | 36M | 35M | 3M | 52M | -2M | -12M | -27M | -206M | -581M | -406M |
| Interest Income | 37M | 79M | 48M | 41M | 72M | 45M | 81M | 45M | 44M | 41M | 54M | 53M | 49M | 52M | 38M | 23M | 10M | 0 | 13M | 53M |
| Interest Expense | 31M | 28M | 27M | 12M | 5M | 0 | 0 | 31M | 52M | 18M | 18M | 18M | 46M | 0 | 40M | 35M | 37M | 206M | 594M | 459M |
| Other Income/Expense | 49M | 70M | 11M | 36M | 45M | 9M | 85M | 5M | -27M | 53M | 10M | 23M | -35M | -137M | -48M | -186M | 11M | -570M | -583M | -410M |
| Pretax Income | 124M | 165M | 38M | 43M | 24M | 11M | 47M | -51M | -102M | 8M | -83M | -153M | -239M | -392M | -338M | -570M | -434M | -1.1B | -984M | -799M |
| Pretax Margin % | 12.98% | 18.21% | 4.35% | 5.25% | 3.1% | 1.44% | 6.56% | -7.68% | -15.62% | 1.23% | -13.5% | -26.98% | -45.52% | -78.09% | -88.48% | -177.57% | -190.35% | -904.92% | -626.75% | -446.37% |
| Income Tax | 4M | 12M | 21M | 23M | 14M | 0 | 32M | 17M | 13M | -3M | 16M | -5M | 11M | -1M | 4M | 2M | 1M | -3M | 4M | 2M |
| Effective Tax Rate % | 3.23% | 7.27% | 55.26% | 53.49% | 58.33% | 0% | 68.09% | -33.33% | -12.75% | -37.5% | -19.28% | 3.27% | -4.6% | 0.26% | -1.18% | -0.35% | -0.23% | 0.27% | -0.41% | -0.25% |
| Net Income | 136M | 171M | 37M | 35M | 24M | 26M | 26M | -53M | -104M | 62M | -91M | -135M | -244M | -386M | -342M | -547M | -423M | -1.05B | -970M | -768M |
| Net Margin % | 14.24% | 18.87% | 4.24% | 4.27% | 3.1% | 3.4% | 3.63% | -7.98% | -15.93% | 9.49% | -14.8% | -23.81% | -46.48% | -76.89% | -89.53% | -170.41% | -185.53% | -864.75% | -617.83% | -429.05% |
| Net Income Growth % | 466.67% | 557.69% | 42.31% | 166.04% | 123.08% | -58.06% | 128.57% | 60.74% | 57.38% | 116.06% | 73.39% | 75.32% | 42.32% | 63.41% | 64.74% | 28.78% | 35.62% | -78.36% | -63.99% | - |
| Net Income (Continuing) | 120M | 153M | 17M | 20M | 10M | 11M | 15M | -68M | -115M | 11M | -99M | -148M | -250M | -391M | -342M | -572M | -435M | -1.1B | -988M | -801M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 17M | 29M | 43M | -1M | -11M | -48M | 73M | 78M | 49M | 19M | 42M | 20M | 45M | 54M | 46M | 15M | 46M | 286M | 0 | 0 |
| EPS (Diluted) | 0.03 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | -0.03 | 0.01 | -0.02 | -0.03 | -0.06 | -0.10 | -0.08 | -0.15 | -0.11 | -0.28 | -0.25 | -0.19 |
| EPS Growth % | 206% | - | - | 161.94% | 133.33% | -36% | 130.5% | 55.33% | 50% | 110% | 75% | 80% | 45.45% | 64.29% | 68% | 21.05% | 35.29% | 89.02% | 90.2% | - |
| EPS (Basic) | 0.03 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | -0.03 | 0.01 | -0.02 | -0.03 | -0.06 | -0.10 | -0.08 | -0.15 | -0.11 | -0.28 | -0.25 | -0.19 |
| Diluted Shares Outstanding | 4.44B | 4.43B | 4.19B | 4.24B | 4.24B | 4.2B | 4.25B | 3.96B | 3.94B | 3.92B | 3.91B | 3.9B | 3.85B | 3.84B | 3.83B | 3.83B | 3.71B | 3.74B | 3.95B | 3.95B |
| Basic Shares Outstanding | 4.09B | 4.09B | 4.08B | 4.08B | 4.08B | 4.04B | 4.04B | 3.96B | 3.94B | 3.92B | 3.91B | 3.9B | 3.85B | 3.84B | 3.83B | 3.83B | 3.71B | 3.74B | 3.95B | 3.95B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |