GDS Holdings (GDS) Accounts Payables (2015 - 2026)
GDS Holdings (GDS) posted Accounts Payables of $352.4 million for Q2 2026, up 27.13% on a QoQ basis from $277.2 million in Q1 2026, and down 6.21% year-over-year from $375.7 million in Q2 2025.
Analysis
GDS Holdings (GDS) Accounts Payables (2015 - 2026) Analysis & Trends
GDS Holdings has reported Accounts Payables for 12 years, with the latest figure at $352.4 million in Q2 2026.
- On a quarterly basis, Accounts Payables fell 6.21% year-over-year to $352.4 million in Q2 2026; TTM through Jun 2026 was $352.4 million, a 6.21% decrease from a year earlier, with the FY2025 full-year figure at $276.3 million, down 22.23% from the prior year.
- Accounts Payables was $352.4 million for Q2 2026 at GDS Holdings, up from $277.2 million in the prior quarter.
- The five-year high for Accounts Payables was $595.8 million in Q2 2022, with the low at $269.0 million in Q3 2025.
- Average Accounts Payables over 5 years is $407.3 million, with a median of $392.5 million recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Accounts Payables climbed 29.53% in 2024, then slumped 48.14% in 2025.
- Over 5 years, Accounts Payables stood at $434.9 million in 2022, then slipped by 12.18% to $381.9 million in 2023, then decreased by 5.47% to $361.0 million in 2024, then retreated by 24.54% to $272.4 million in 2025, then gained by 29.35% to $352.4 million in 2026.
- The last three Accounts Payables figures came in at $352.4 million (Q2 2026), $277.2 million (Q1 2026), and $272.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Accounts Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.26 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 197.81 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 289.09 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 395.47 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 352.37 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 112.37 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 110.53 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 13.35 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 3.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 352.37 Mn |
| Mar 31, 2026 | 277.17 Mn |
| Dec 31, 2025 | 272.42 Mn |
| Sep 30, 2025 | 269.03 Mn |
| Jun 30, 2025 | 375.70 Mn |
| Mar 31, 2025 | 282.45 Mn |
| Dec 31, 2024 | 361.03 Mn |
| Sep 30, 2024 | 518.72 Mn |
| Jun 30, 2024 | 425.10 Mn |
| Mar 31, 2024 | 465.82 Mn |
| Dec 31, 2023 | 381.93 Mn |
| Sep 30, 2023 | 400.48 Mn |
| Jun 30, 2023 | 409.10 Mn |
| Mar 31, 2023 | 384.52 Mn |
| Dec 31, 2022 | 434.87 Mn |
| Sep 30, 2022 | 532.40 Mn |
| Jun 30, 2022 | 595.83 Mn |
| Mar 31, 2022 | 592.81 Mn |
| Dec 31, 2021 | 610.28 Mn |
| Sep 30, 2021 | 598.39 Mn |