GDS Holdings (GDS) Capital Expenditures (2015 - 2026)
GDS Holdings (GDS) recorded Capital Expenditures of -$111.63 million in the quarter ended Mar 31, 2026, compared with -$139.09 million a year earlier.
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Analysis
GDS Holdings (GDS) Capital Expenditures (2015 - 2026) Analysis & Trends
On a TTM basis, GDS Holdings' Capital Expenditures came in at -$618.71 million as of Mar 31, 2026; for the year ended Dec 31, 2025, it was -$659.31 million.
- Across earlier years, Capital Expenditures came in at -$406.26 million in the year ended Dec 31, 2024, -$845.54 million in the year ended Dec 31, 2023, -$1.13 billion in the year ended Dec 31, 2022 and -$1.52 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Mar 31, 2026 is the highest quarterly Capital Expenditures since the quarter ended Dec 31, 2024.
- Per Business Quant, the preceding three quarters came in at -$130.79 million (quarter ended Dec 31, 2025), -$199.72 million (quarter ended Sep 30, 2025) and -$176.56 million (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,960.03 Bn | 3,883.19 Bn | 60.48 Bn | 35.80 Bn |
| 2 | International Business Machines | 235.53 Bn | 186.34 Bn | 9.91 Bn | 229.00 Mn |
| 3 | Cloudflare | 108.82 Bn | 92.35 Bn | 499.52 Mn | 49.96 Mn |
| 4 | Equinix | 98.02 Bn | 86.58 Bn | 1.40 Bn | 1.68 Bn |
| 5 | Nebius | 41.68 Bn | 15.11 Bn | 448.70 Mn | -5.66 Bn |
| 6 | CoreWeave | 34.12 Bn | 21.21 Bn | 1.70 Bn | 6.42 Bn |
| 7 | Verisign | 27.89 Bn | 25.10 Bn | 384.60 Mn | 18.80 Mn |
| 8 | Nutanix | 18.85 Bn | 10.53 Bn | 651.35 Mn | 37.44 Mn |
| 9 | GoDaddy | 14.18 Bn | 9.76 Bn | 828.20 Mn | 5.10 Mn |
| 10 | GDS Holdings | 4.48 Bn | -3.80 Bn | 97.55 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -111.17 Mn |
| Dec 31, 2025 | -128.96 Mn |
| Sep 30, 2025 | -198.65 Mn |
| Jun 30, 2025 | -174.86 Mn |
| Mar 31, 2025 | -138.85 Mn |
| Dec 31, 2024 | -53.09 Mn |
| Sep 30, 2024 | -109.97 Mn |
| Jun 30, 2024 | -117.81 Mn |
| Mar 31, 2024 | -131.88 Mn |
| Dec 31, 2023 | -39.25 Mn |
| Sep 30, 2023 | -204.39 Mn |
| Jun 30, 2023 | -202.05 Mn |
| Mar 31, 2023 | -298.50 Mn |
| Dec 31, 2022 | -300.22 Mn |
| Sep 30, 2022 | -257.64 Mn |
| Jun 30, 2022 | -264.55 Mn |
| Mar 31, 2022 | -340.61 Mn |
| Dec 31, 2021 | -361.92 Mn |
| Sep 30, 2021 | -501.14 Mn |
| Jun 30, 2021 | -289.15 Mn |
API Access
GDS Holdings Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();