GoTo Adjusts Mobility Targets Amid 8% Commission Fee Implementation, Boosted by GoPay Growth

Ride-hailing and e-commerce giant PT GoTo Gojek Tokopedia Tbk (GoTo) is recalibrating its mobility business targets, encompassing services like GoRide, GoCar, and delivery. This adjustment stems from the recent implementation of an 8% commission fee, which impacts the revenue streams for these on-demand services.

Despite the challenges in the mobility sector, GoTo has raised its full-year performance guidance for its Fintech arm, GoPay. This strategic move is supported by the consistent and robust growth demonstrated by GoPay's financial services. The company anticipates that GoPay's strong performance will effectively counterbalance the effects of the new commission structure on its mobility operations.

In its Q2 2026 financial report, GoTo announced a net profit of Rp252 billion. The company saw a substantial increase in its core Gross Transaction Value (GTV) by 83% year-on-year, reaching Rp164 trillion. Net revenue also grew by 31% year-on-year to Rp5.7 trillion. This overall positive financial performance was significantly bolstered by the rapid expansion of GoPay's financial services.

The Fintech business, in particular, experienced an 82% year-on-year surge in core GTV, amounting to Rp288 trillion for the first half of 2026. Net revenue from Fintech soared by 55% year-on-year to Rp4 trillion in the same period. GoTo's adjusted EBITDA for the fintech sector saw a dramatic increase of 526% year-on-year, reaching Rp845 billion. This marks the first time the Fintech business has surpassed the On-demand Services in profitability, highlighting the strength and balance within GoTo's ecosystem.