How Grab Holdings makes money

Period

FY2025

How does Grab Holdings make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Grab Holdings Limited · FY2025 · year ended 2025-12-31

Revenue$3.4BGross profit$1.5B · 43%Cost of revenue$1.9B · 57%Operating income$65M · 2%Operating expenses$1.4B · 41%R&D$428M · 13%Other opex$963M · 29%Pre-tax income$269M · 8%Other income$204M · 6%Net income$200M · 6%Income tax$69M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.