Jakarta, July 29, 2026 – PT GoTo Gojek Tokopedia Tbk ("the Company" or "GoTo Group", IDX: GOTO), the parent company of Gojek and GoPay, today announced a second consecutive quarter of net profit as it reported its second quarter 2026 financial results.
During the quarter, the Company recorded a net profit1 of Rp252 billion, after achieving Rp171 billion in the first quarter of 2026. Growth also accelerated as Core GTV5 increased by 83% YoY to Rp164 trillion, while net revenue increased by 31% YoY, to Rp5.7 trillion.
Hans Patuwo, GoTo Group CEO, said: "We delivered our second consecutive quarter of net profit, as adjusted EBITDA3 more than doubled year-on-year to surpass the historic milestone of one trillion Rupiah. Our Fintech business continues to do well, with its profitability now exceeding that of our On-demand Services business for the first time, reflecting the strength and balance of our ecosystem."
"On July 1st, a new commission structure came into effect based on the Minister of Transportation Decree No. 532 of 2026, covering Gojek's two-wheel transportation business – around 7% of Group net revenue. The effect of this commission change will be felt in our third quarter earnings, but after one month of implementation, we have been able to keep business conditions stable."
"The adjustment is not an easy one, but we believe we can manage the impact. As a result, we are maintaining our adjusted EBITDA guidance of 3.2 to 3.4 trillion Rupiah, forecasting a reduced contribution from On-demand Services and an increased contribution from our Fintech business."
"As the ecosystem grows, we continue to reinvest in our customers, including support for Gojek driver-partners through the expansion of the Driver-partner Appreciation Program – from social security coverage (BPJS) and scholarships to free Umrah trips. For us, success is measured not only by the growth of the business, but by the progress of everyone within the GoTo ecosystem."
Key Highlights
GoTo Group
- Net profit of Rp252 billion in the quarter. This was a second consecutive quarter of net profit, driven by increasing net revenues and continued cost discipline.
- Net revenue rose 31% YoY to Rp5.7 trillion.
- Group adjusted EBITDA increased 137% YoY, surpassing Rp1 trillion for the first time.
- Annual Transacting Users (ATUs)9 grew 19% YoY to 71 million.
- Core GTV5 grew 83% YoY to Rp164 trillion.
- Full year adjusted EBITDA guidance maintained at Rp3.2–3.4 trillion
- Fintech guidance raised to Rp1.7–1.8 trillion, from Rp1.4–1.5 trillion previously.
- ODS guidance lowered to Rp1.4–1.5 trillion, from Rp1.7–1.8 trillion previously, following the 8% commission cap10.
- This reflects the strength of a mutually supportive ecosystem.
- Alongside its results, the Company has announced its intention to cancel more than 32 billion treasury shares, representing approximately 2.7% of shares outstanding, thereby proportionally increasing the ownership stake of all existing shareholders. The Company will fully comply with the regulatory process and seek shareholder approval regarding this proposed cancellation. The Company will furnish further information, including the announcement and invitation for the extraordinary general meeting of shareholders, once it is ready to proceed.
On-demand Services (Gojek)
- Adjusted EBITDA4 reached Rp464 billion, up 41% YoY, driven by net revenue of Rp3.6 trillion.
- Completed orders11 rose 3% YoY and 8% QoQ, while GTV2,7 increased more slowly, by 2% YoY to Rp16.7 trillion, as the Company prioritized margin expansion ahead of the new 8% commission regulation.
- Performance in the delivery segment remained strong, with margins rising to 2.1% from 1.8% a year ago, while in the mobility segment, margins increased to 5.0% from 3.0% a year ago.
- Affluent customers made a strong contribution to overall performance, as the Very High Spending cohort grew 21% year-on-year.
- Investments in the mass market are beginning to drive growth and, combined with the implementation of the 8% commission structure, will shift focus toward affordable, high-frequency products.
Fintech (GoPay)
- Adjusted EBITDA reached Rp481 billion, up 447% YoY, while net revenue grew by 53% YoY to over Rp2.0 trillion.
- Monthly Transacting Users (MTUs)8 reached 28.8 million, up 29% YoY, while transactions grew faster at 91% YoY to 2.4 billion, indicating deepening engagement.
- Core GTV5, which excludes merchant payment gateway transactions, rose 91% YoY to Rp157 trillion.
- Deepening customer engagement also drove lending growth, with loans outstanding principal6 up 58% YoY to Rp11.0 trillion.
- Credit quality remained stable, with steady delinquency rates and NPL ratio.
2026 Company Outlook
GoTo is maintaining its full-year adjusted EBITDA guidance of Rp3.2–3.4 trillion. The Company is raising Fintech guidance to Rp1.7–1.8 trillion, from Rp1.4–1.5 trillion, as the business continues to outperform, and lowering On-demand Services guidance to Rp1.4–1.5 trillion, from Rp1.7–1.8 trillion, as a result of the new 8% cap on driver commissions.
This outlook reflects the Company's preliminary estimates as per current market conditions and remains subject to various risks including competition, cost inflation, macroeconomic uncertainty and other variables which are beyond the Company's control.
Appendix
Group Highlights
| (in billions of Rupiah) | Three-month period ended June 30 | Six-month period ended June 30 | ||||
| 2026 | 2025 | YoY % Change | 2026 | 2025 | YoY % Change | |
| Operational metrics | ||||||
| Core GTV5 | 164,331 | 89,759 | 83% | 302,016 | 172,980 | 75% |
| GTV2 | 271,423 | 152,873 | 78% | 507,739 | 297,433 | 71% |
| Financial metrics | ||||||
| Net revenue | 5,653 | 4,328 | 31% | 10,994 | 8,559 | 28% |
| Adjusted EBITDA3 | 1,010 | 427 | 137% | 1,917 | 820 | 134% |
| Net profit/(loss) for the period1 | 252 | (375) | n.a | 423 | (742) | n.a |
On-demand Services (Gojek)
| (in billions of Rupiah) | Three-month period ended June 30 | Six-month period ended June 30 | ||||
| 2026 | 2025 | YoY % change | 2026 | 2025 | YoY % change | |
| Operational metrics | ||||||
| GTV2 | 16,693 | 16,371 | 2% | 33,037 | 32,081 | 3% |
| Mobility2,7 | 5,854 | 6,047 | -3% | 11,567 | 11,946 | -3% |
| Delivery2,7 | 10,839 | 10,324 | 5% | 21,470 | 20,135 | 7% |
| Financial metrics | ||||||
| Net revenue | 3,593 | 2,987 | 20% | 6,953 | 5,994 | 16% |
| Mobility7 | 873 | 727 | 20% | 1,688 | 1,479 | 14% |
| Delivery7 | 2,720 | 2,260 | 20% | 5,265 | 4,515 | 17% |
| Adjusted EBITDA3,4 | 464 | 328 | 41% | 903 | 642 | 41% |
| Mobility3,4,7 | 290 | 183 | 58% | 570 | 405 | 41% |
| Delivery3,4,7 | 223 | 186 | 20% | 426 | 319 | 34% |
| Group allocated corporate costs | (49) | (41) | -20% | (93) | (82) | -13% |
Financial Technology (GoPay)
| (in billions of Rupiah, unless otherwise stated) | Three-month period ended June 30 | Six-month period ended June 30 | ||||
| 2026 | 2025 | YoY % change | 2026 | 2025 | YoY % change | |
| Operational metrics | ||||||
| Core GTV5 | 157,326 | 82,224 | 91% | 287,962 | 158,372 | 82% |
| GTV2 | 265,361 | 146,284 | 81% | 495,573 | 284,688 | 74% |
| Loans outstanding principal6 | 11,026 | 6,985 | 58% | 11,026 | 6,985 | 58% |
| MTUs (in millions)8 | 28.8 | 22.4 | 29% | 28.2 | 21.5 | 31% |
| Financial metrics | ||||||
| Net revenue | 2,070 | 1,356 | 53% | 3,979 | 2,562 | 55% |
| Adjusted EBITDA3,4 | 481 | 88 | 447% | 845 | 135 | 526% |
About GoTo Group
GoTo is the largest digital ecosystem in Indonesia. GoTo's mission is to 'empower progress' by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy.
The GoTo ecosystem provides a wide range of services, including mobility, delivery, payments, financial services, and technology solutions for merchants. The ecosystem also provides e-commerce services through Tokopedia and banking services through its partnership with Bank Jago.
Forward-Looking Statements
This document may contain forward-looking information or forward-looking statements including, but not limited to discussions of strategy, future plans and indicative financial performance (collectively, “forward-looking information”). Forward-looking information is based on the management’s current expectations, estimates, projections, and assumptions. While considered reasonable, these are subject to significant risks and uncertainties, including business, economic, competitive and other factors. Forward-looking information is not a guarantee of future performance, and undue reliance should not be placed on them as a basis for making any investment decision as they involve known and unknown risks, uncertainties and other factors (including the risks and uncertainties in GoTo’s consolidated financial statements and Management’s Discussion and Analysis available on the GoTo website), that may cause the actual or future results to differ materially from those expressed or implied by such forward-looking information. Any estimates, investment strategies or views expressed in this document are based upon current market conditions, and/or data and information provided by unaffiliated third parties, and are subject to change without notice. GoTo Group has not independently verified any information obtained from third-party sources, which may impact the accuracy of the assumptions made and conclusions drawn. Except as required by law, GoTo Group disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on this forward-looking information, which should not be viewed, in and of itself, as any basis for making any investment decision.
Non-IFAS Financial Measures
GoTo Group uses a number of non-Indonesian Financial Accounting Standards (IFAS) financial measures including adjusted EBITDA and adjusted free cash flow, to understand and evaluate GoTo Group’s core operating performance. However, the definitions of GoTo Group’s non-IFAS financial measures may be different from those used by other companies, and therefore, may not be comparable. Furthermore, these non-IFAS financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in GoTo Group’s consolidated financial statements that are necessary to run GoTo Group’s business. Thus, these non-IFAS financial measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with IFAS.
Non-IFAS measurements are not intended to replace the presentation of GoTo Group’s financial results in accordance with IFAS. Rather, GoTo Group believes that the presentation of adjusted EBITDA and adjusted free cash flow provide additional information to investors to facilitate the comparison of past and present results, excluding those items that GoTo Group does not believe are indicative of GoTo Group’s ongoing operations due to their size and/or nature. Adjusted EBITDA and adjusted free cash flow presented herein may not be comparable to similarly entitled measures presented by other companies, who may use and define this measure differently. Accordingly, these non-IFAS measures should not be compared to those presented by other companies.
Consolidated Financial Information
GoTo Group has furnished the results of the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, which have been prepared by and are the responsibility of management. The consolidated financial information for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, have not been audited, reviewed, examined, or had any procedures applied. Accordingly, there are no opinions or any other form of assurance expressed with respect to any and all consolidated financial information for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, presented in this document.
- Profit for the period (including non-controlling interests). Profit for the period attributable to owners of the parent stood at Rp350 billion in 2Q26 and Rp607 billion in 1H26 compared to a loss of Rp297 billion in 2Q25 and a loss of Rp50 billion in 1H25.
- GTV means gross transaction value, an operating measure representing:
- the sum of the value of the transactions from On-demand Services and any additional fees such as tolls and tips;
- the sum of the total payments volume, or TPV, processed through GoTo’s Financial Technology platform; and
- the exclusion of inter-Company transactions between entities within the Company that are eliminated upon consolidation.
- GoTo Group calculates the adjusted EBITDA, a non-IFAS financial measure, beginning with profit/(loss) before income tax and adjusting for (i) depreciation and amortization expenses; (ii) finance income; (iii) interest expenses; (iv) loss on impairment of assets of disposal group classified as held for sale; (v) loss on impairment of investment in associates and joint ventures; (vi) loss on goodwill; (vii) fair value adjustment of financial instruments; (viii) loss on impairment of intangible and fixed assets; (ix) share-based compensation cost; (x) foreign exchange loss/(gain), net; (xi) share of net losses in associates and joint ventures; (xii) gain on divestment and dilution of investments, net; (xiii) dividend income; and (xiv) non-recurring items.
- Segment-specific adjusted EBITDA represents adjusted EBITDA for each segment and includes all revenue and costs directly attributable to the segment and allocated corporate cost.
- Core GTV means GTV excluding merchant payment gateway GTV in Financial Technology.
- Loans outstanding principal, or Loan book, includes both on and off balance sheet loans outstanding principal. Off-balance sheet loans represent loans originated by GoTo’s Financial Technology segment but funded through loan channelling arrangements with channelling partners. Loans outstanding principal includes both consumer and merchant lending book.
- Within On-demand Services, Mobility includes the Company’s two-wheel and four-wheel online transportation businesses. Delivery includes online food delivery, on-demand logistics, and quick commerce businesses.
- Financial Technology MTU means average unique Monthly Transacting Users who are using Financial Technology Services, on-platform or off-platform, over the stated period.
- Annual Transacting Users (ATU) means the number of unique users who are using On-demand Services products, or Financial Technology Services, on-platform or off-platform, over the past twelve months as of the end of stated period.
- On July 1st, a new commission structure came into effect based on the Minister of Transportation Decree No. 532 of 2026, covering Gojek’s two-wheel transportation business.
- A transaction that has been successfully fulfilled or delivered to the user or destination.
