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
DateValue
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