Grab Holdings Limited Q2 2026 Earnings Results vs. Expectations

What the Street expects

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Q2 2026 reported results

What to watch

1. Whether free cash flow strings two positive quarters together. The single most useful thing this print could do for our score is post a second consecutive positive FCF quarter, which the series has not managed since early 2025. One more −$69M and the volatility is the story.
2. Whether gross margin holds ~43%. It has plateaued in the low-40s for a year after tripling off 29%. Another leg up would be the signal; a slide back toward the 30s would undercut the whole operational thesis.
3. Whether revenue growth stays in the low-20s. +23.5% is the top of the recent band. A print that holds there says the growth is durable; a drop toward the high-teens would make 2026 Q1 look like the peak.
4. A 2026 Q1 EPS figure to close our own gap. Our EPS series ends at 2025 Q4's $0.04; the release will carry the quarter we are missing.

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Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

Every quarter