Grab’s lending and digital banking businesses drove a 59% rise in financial services revenue in the second quarter of 2026.
Revenue from the segment reached US$134 million, while total loans disbursed across GrabFin and its digital banks climbed 72% to a record US$1.2 billion during the quarter.
Grab’s gross loan portfolio nearly tripled from a year earlier to US$2.3 billion from US$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 US$15 million from US$26 million a year earlier.
Customer deposits across GXS Bank in Singapore, GXBank in Malaysia and Superbank in Indonesia reached US$2.5 billion at the end of June.
Grab also completed its acquisition of Stash Financial in July.
The company acquired 100% of the US-based investing and financial services platform, paying for a 50.1% 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.
Grab Raises Full-Year Revenue and EBITDA Outlook
At group level, second-quarter revenue rose 22% year-on-year to US$997 million.
Profit for the period increased to US$235 million from US$20 million, helped by a one-off US$307 million gain from the consolidation of Superbank.
Grab raised its full-year 2026 revenue guidance to between US$4.10 billion and US$4.15 billion, up from US$4.04 billion to US$4.10 billion previously.
It also lifted its adjusted EBITDA guidance to US$720 million to US$740 million from US$700 million to US$720 million.
Featured image: Edited by Fintech News Singapore, based on image by NovelHQ via Magnific
