• Grab Holdings average gross margin for 2024 was 40.78%, a 45.18% increase from 2023.
• Grab Holdings average gross margin for 2023 was 28.09%, a 188.89% increase from 2022.
• Grab Holdings average gross margin for 2022 was -31.6%, a 46% decline from 2021.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.