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
DateValue
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