Grab Holdings (GRAB) Operating Expenses (2020 - 2025)
Grab Holdings' 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 8.44% quarter-over-quarter from -$225.0 billion in Q3 2025.
Grab Holdings has reported Operating Expenses for 6 years, with the latest figure at -$206.0 billion in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 14.88% year-over-year to -$206.0 billion; the trailing twelve-month figure through Dec 2025 stood at -$663.0 billion (down 38.71% YoY), and the FY2025 full-year result was $899.0 million, down 3.95% from the prior year.
- Operating Expenses for Q4 2025 stood at -$206.0 billion, up from -$225.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $33.0 million in Q3 2024, with the low at -$242.0 billion in Q4 2024.
- Average Operating Expenses over 5 years is -$57.1 billion, with a median of -$82.0 million recorded in 2021.
- Year-over-year, Operating Expenses soared 700.0% in 2023 and sank 99999999900.0% in 2024.
- Tracing GRAB's Operating Expenses over 5 years: stood at -$271.0 million in 2021, then surged by 100.0% to -$280.0 in 2022, then climbed by 13.57% to -$242.0 in 2023, then slumped by 99999999900.0% to -$242.0 billion in 2024, then rose by 14.88% to -$206.0 billion in 2025.
- The last three Operating Expenses figures came in at -$206.0 billion (Q4 2025), -$225.0 billion (Q3 2025), and -$232.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Grab Holdings | 14.36 Bn | 10.91 Bn | 397.00 Bn | -206.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -206.00 Bn |
| Sep 30, 2025 | -225.00 Bn |
| Jun 30, 2025 | -232.00 Bn |
| Mar 31, 2025 | -236.00 |
| Dec 31, 2024 | -242.00 Bn |
| Sep 30, 2024 | 33.00 Mn |
| Jun 30, 2024 | -236.00 Bn |
| Mar 31, 2024 | -244.00 |
| Dec 31, 2023 | -242.00 |
| Sep 30, 2023 | 8.00 Mn |
| Jun 30, 2023 | -178.00 |
| 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 |
| Dec 31, 2020 | -141.00 Mn |