Grab Holdings (GRAB) Operating Expenses (2020 - 2025)
Grab Holdings' (GRAB) quarterly Operating Expenses came in at -$206.0 billion in Q4 2025, up 14.88% year-on-year from -$179.3 billion in Q4 2024, and up 70.32% quarter-over-quarter from -$694.0 billion in Q3 2025.
Grab Holdings (GRAB) Operating Expenses (2020 - 2025) Analysis & Trends
Grab Holdings' Operating Expenses history runs 6 years deep, the most recent figure standing at -$206.0 billion for Q4 2025.
- On a quarterly basis, Operating Expenses rose 14.88% year-over-year to -$206.0 billion in Q4 2025; TTM through Dec 2025 was -$1132.0 billion, a 3.17% increase from a year earlier, with the FY2025 full-year figure at $899.0 million, down 3.95% from the prior year.
- Operating Expenses climbed to -$206.0 billion in Q4 2025 per GRAB's latest filing, from -$694.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.0 million in Q3 2022 and bottomed at -$694.0 billion in Q3 2025.
- The 5-year median for Operating Expenses is -$204.0 million (2021), against an average of -$115.1 billion.
- Across the five-year window, Operating Expenses soared 100.41% in 2022 and slumped 299134199034.2% in 2024, its largest moves.
- Year by year, Operating Expenses stood at -$271.0 million in 2021, then jumped by 100.0% to -$280.0 in 2022, then advanced by 13.57% to -$242.0 in 2023, then sank by 99999999900.0% to -$242.0 billion in 2024, then increased by 14.88% to -$206.0 billion in 2025.
- Per Business Quant, the three latest GRAB Operating Expenses figures stand at -$206.0 billion (Q4 2025), -$694.0 billion (Q3 2025), and -$232.0 billion (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Grab Holdings | 13.50 Bn | 13.50 Bn | -509.00 Bn | -206.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -206.00 Bn |
| Sep 30, 2025 | -694.00 Bn |
| Jun 30, 2025 | -232.00 Bn |
| Mar 31, 2025 | -236.00 |
| Dec 31, 2024 | -242.00 Bn |
| Sep 30, 2024 | -691.00 Bn |
| Jun 30, 2024 | -236.00 Bn |
| Mar 31, 2024 | -244.00 |
| Dec 31, 2023 | -242.00 |
| Sep 30, 2023 | -231.00 |
| Jun 30, 2023 | -278.00 |
| Mar 31, 2023 | -276.00 |
| Dec 31, 2022 | -280.00 |
| Sep 27, 2022 | 1.00 Mn |
| Jun 30, 2022 | -282.00 Mn |
| Mar 31, 2022 | -288.00 |
| Dec 31, 2021 | -271.00 Mn |
| Sep 30, 2021 | -244.00 Mn |
| Jun 30, 2021 | -245.00 Mn |
| Mar 31, 2021 | -164.00 Mn |