Grab Holdings (GRABW) Operating Expenses (2020 - 2025)
Grab Holdings (GRABW) recorded quarterly Operating Expenses of -$198.0 billion in Q4 2025, up 11.21% quarter-over-quarter from -$223.0 billion in Q3 2025, and up 15.74% on a YoY basis from -$171.1 billion in Q4 2024.
Grab Holdings (GRABW) Operating Expenses (2020 - 2025) Analysis & Trends
Grab Holdings' Operating Expenses history runs 6 years deep, the most recent figure standing at -$198.0 billion for Q4 2025.
- In Q4 2025, Operating Expenses rose 15.74% year-over-year to -$198.0 billion; the TTM figure through Dec 2025 stood at -$652.0 billion (up 3.83% YoY), while the FY2025 annual figure was $899.0 million, down 3.95% from the prior year.
- Operating Expenses was -$198.0 billion for Q4 2025 at Grab Holdings, up from -$223.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$228.0 in Q2 2023 to a low of -$235.0 billion in Q4 2024.
- Historically, Operating Expenses has averaged -$70.1 billion across 5 years, with a median of -$245.0 million in 2021.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 100.0% in 2023, then plunged 102631578847.37% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$271.0 million in 2021, then jumped by 100.0% to -$276.0 in 2022, then grew by 13.41% to -$239.0 in 2023, then slumped by 98326359732.64% to -$235.0 billion in 2024, then gained by 15.74% to -$198.0 billion in 2025.
- The last three Operating Expenses figures came in at -$198.0 billion (Q4 2025), -$223.0 billion (Q3 2025), and -$231.0 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 262.33 Bn | 244.36 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 173.49 Bn | 170.93 Bn | - | -269.42 Mn |
| 3 | Salesforce | 158.80 Bn | 146.96 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Shopify | 144.36 Bn | 138.62 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Uber Technologies | 144.25 Bn | 143.21 Bn | 11.88 Bn | 11.28 Bn |
| 6 | ServiceNow | 118.74 Bn | 113.56 Bn | 2.83 Bn | 2.33 Bn |
| 7 | Cadence Design Systems | 107.33 Bn | 105.92 Bn | 1.26 Bn | 1.04 Bn |
| 8 | Adobe | 100.50 Bn | 93.61 Bn | 5.73 Bn | 3.32 Bn |
| 9 | Automatic Data Processing | 92.49 Bn | 89.26 Bn | 2.87 Bn | 4.23 Bn |
| 10 | Grab Holdings | - | - | -509.00 Bn | -198.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -198.00 Bn |
| Sep 30, 2025 | -223.00 Bn |
| Jun 30, 2025 | -231.00 Bn |
| Mar 31, 2025 | -234.00 |
| Dec 31, 2024 | -235.00 Bn |
| Sep 30, 2024 | -209.00 Bn |
| Jun 30, 2024 | -234.00 Bn |
| Mar 31, 2024 | -243.00 |
| Dec 31, 2023 | -239.00 |
| Sep 30, 2023 | -230.00 |
| Jun 30, 2023 | -228.00 |
| Mar 31, 2023 | -275.00 |
| Dec 31, 2022 | -276.00 |
| Jun 30, 2022 | -283.00 Mn |
| Mar 31, 2022 | -288.00 |
| Dec 31, 2021 | -271.00 Mn |
| Sep 30, 2021 | -245.00 Mn |
| Jun 30, 2021 | -245.00 Mn |
| Mar 31, 2021 | -164.00 Mn |
| Dec 31, 2020 | -142.00 Mn |