As of Q4'25, GRAB's gross margin stands at 43.8%, operating margin at 9.8%, and net profit margin at 16.9%. This marks a significant improvement from earlier quarters, with all three profitability metrics reaching their highest levels in the period covered from Q1'23 to Q4'25. Over the observed period, the chart reveals a consistent upward trend in gross margin, rising from 29.1% in Q1'23 to 43.8% in Q4'25. Operating margin and net profit margin both transitioned from negative territory in early 2023 to positive values by late 2024, with notable inflection points around Q4'23 and Q4'24. The steady improvement across all margins indicates enhanced operational efficiency and profitability for GRAB throughout these quarters.