GDS Holdings (GDS) Free Cash Flow (2015 - 2026)
GDS Holdings (GDS) recorded Free Cash Flow of $207.99 million in the quarter ended Jun 30, 2026, down 30.0% from $297.33 million a year earlier but up 17.8% from the prior quarter.
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Analysis
GDS Holdings (GDS) Free Cash Flow (2015 - 2026) Analysis & Trends
On a TTM basis, GDS Holdings' Free Cash Flow came in at $959.14 million as of Jun 30, 2026, down 21.9% year-over-year; for the year ended Dec 31, 2025, it came in at $1.14 billion, up 69.4% from the prior year.
- Across earlier years, Free Cash Flow came in at $673.37 million in the year ended Dec 31, 2024 (-40.7%), $1.14 billion in the year ended Dec 31, 2023 (-26.5%), $1.55 billion in the year ended Dec 31, 2022 (-9.6%) and $1.71 billion in the year ended Dec 31, 2021.
- Quarterly Free Cash Flow has ranged from $176.53 million in the quarter ended Mar 31, 2026 to $571.66 million in the quarter ended Sep 30, 2021 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in three of the last eight quarters, with growth averaging 1.5%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 85.5% in the quarter ended Sep 30, 2021, against a decline of 40.2% in the quarter ended Sep 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $176.53 million (quarter ended Mar 31, 2026), $271.44 million (quarter ended Dec 31, 2025) and $303.18 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.85 Bn | 3,873.01 Bn | 60.48 Bn | 19.64 Bn |
| 2 | International Business Machines | 228.00 Bn | 178.81 Bn | 9.91 Bn | 2.37 Bn |
| 3 | Cloudflare | 103.51 Bn | 87.04 Bn | 499.52 Mn | 67.60 Mn |
| 4 | Equinix | 97.35 Bn | 85.92 Bn | 1.40 Bn | -612.00 Mn |
| 5 | Nebius | 41.52 Bn | 14.95 Bn | 448.70 Mn | 7.90 Bn |
| 6 | CoreWeave | 34.23 Bn | 21.32 Bn | 1.70 Bn | -5.74 Bn |
| 7 | Verisign | 27.83 Bn | 25.04 Bn | 384.60 Mn | 212.80 Mn |
| 8 | Nutanix | 18.34 Bn | 10.03 Bn | 651.35 Mn | 277.57 Mn |
| 9 | GoDaddy | 14.21 Bn | 9.79 Bn | 828.20 Mn | 437.40 Mn |
| 10 | GDS Holdings | 4.44 Bn | -3.84 Bn | 97.55 Mn | 207.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 207.99 Mn |
| Mar 31, 2026 | 175.81 Mn |
| Dec 31, 2025 | 267.63 Mn |
| Sep 30, 2025 | 301.56 Mn |
| Jun 30, 2025 | 294.47 Mn |
| Mar 31, 2025 | 246.16 Mn |
| Dec 31, 2024 | 182.47 Mn |
| Sep 30, 2024 | 199.48 Mn |
| Jun 30, 2024 | 185.84 Mn |
| Mar 31, 2024 | 114.40 Mn |
| Dec 31, 2023 | 171.11 Mn |
| Sep 30, 2023 | 274.96 Mn |
| Jun 30, 2023 | 306.93 Mn |
| Mar 31, 2023 | 279.62 Mn |
| Dec 31, 2022 | 427.88 Mn |
| Sep 30, 2022 | 341.81 Mn |
| Jun 30, 2022 | 510.09 Mn |
| Mar 31, 2022 | 302.05 Mn |
| Dec 31, 2021 | 425.43 Mn |
| Sep 30, 2021 | 571.66 Mn |
API Access
GDS Holdings Free Cash Flow 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=free-cash-flow&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();