Grab financial services revenue hits $134 million

Revenue from the segment reached $134 million, while total loans disbursed across GrabFin and its digital banks jumped 72 per cent to a record $1.2 billion during the quarter

Grab’s lending and digital banking businesses drove a 59 per cent rise in financial services revenue in the second quarter of 2026.

Revenue from the segment reached $134 million, while total loans disbursed across GrabFin and its digital banks jumped 72 per cent to a record $1.2 billion during the quarter.

Grab’s gross loan portfolio nearly tripled from a year earlier to $2.3 billion from $781 million.

Excluding Superbank, which Grab began consolidating in June, the loan portfolio doubled year-on-year.

The financial services segment narrowed its adjusted EBITDA loss to $15 million from $26 million a year earlier.

Customer deposits across GXS Bank in Singapore, GXBank in Malaysia and Superbank in Indonesia reached $2.5 billion at the end of June.

Grab also completed its acquisition of Stash Financial in July.

The company acquired 100 per cent of the US-based investing and financial services platform, paying for a 50.1 per cent stake at closing. The remaining consideration will be paid at fair market value over three years.

Stash will be consolidated into Grab’s financial services segment from the third quarter of 2026.

At group level, second-quarter revenue rose 22 per cent year-on-year to $997 million.

Profit for the period increased to $235 million from $20 million, helped by a one-off $307 million gain from the consolidation of Superbank.

Grab raised its full-year 2026 revenue guidance to between $4.10 billion and $4.15 billion, up from $4.04 billion to $4.10 billion previously.

It also lifted its adjusted EBITDA guidance to $720 million to $740 million from $700 million to $720 million.