GDS Holdings (GDS) Gross Margin (2015 - 2026)
GDS Holdings (GDS) posted quarterly Gross Margin of 33.61% for Q1 2026, up 993.0% year-over-year from 3.07% in Q1 2025, and up 60.26% quarter-over-quarter from 20.97% in Q4 2025.
GDS Holdings (GDS) Gross Margin (2015 - 2026) Analysis & Trends
GDS Holdings' Gross Margin history runs 12 years deep, the most recent figure standing at 33.61% for Q1 2026.
- In Q1 2026, Gross Margin rose 993.0% year-over-year to 33.61%; the TTM figure through Mar 2026 stood at 25.5% (up 304.0% YoY), while the FY2025 annual figure was 22.62%, up 109.0% from the prior year.
- Gross Margin for Q1 2026 stood at 33.61%, up from 20.97% in the prior quarter.
- The five-year high for Gross Margin was 33.61% in Q1 2026, with the low at 16.91% in Q4 2023.
- The 5-year median for Gross Margin is 21.68% (2022), against an average of 21.93%.
- The sharpest annual moves came in 2023 and 2026: Gross Margin plunged 339 bps in 2023, then soared 993 bps in 2026.
- GDS Holdings' Gross Margin stood at 20.3% in 2022, then dropped by 17 bps to 16.91% in 2023, then increased by 27 bps to 21.49% in 2024, then fell by 2 bps to 20.97% in 2025, then surged by 60 bps to 33.61% in 2026.
- Business Quant data shows GDS's Gross Margin at 33.61% in Q1 2026, 20.97% in Q4 2025, and 22.15% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 221.59 Bn | 210.23 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 112.64 Bn | 102.47 Bn | 6.13 Bn | 32.77% |
| 3 | Infosys | 48.53 Bn | 48.53 Bn | 1.60 Bn | 31.48% |
| 4 | Cgi | 32.82 Bn | 32.36 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.71 Bn | 27.65 Bn | 1.83 Bn | 33.37% |
| 6 | Fidelity National Information Services | 21.27 Bn | 20.52 Bn | 1.17 Bn | 34.76% |
| 7 | Broadridge Financial Solutions | 20.95 Bn | 20.54 Bn | 853.00 Mn | 38.43% |
| 8 | Wipro | 19.61 Bn | 18.54 Bn | 738.00 Mn | 28.54% |
| 9 | Leidos Holdings | 17.82 Bn | 17.07 Bn | 817.00 Mn | 17.92% |
| 10 | GDS Holdings | 6.38 Bn | 4.19 Bn | 97.89 Mn | 21.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.61% |
| Dec 31, 2025 | 20.97% |
| Sep 30, 2025 | 22.15% |
| Jun 30, 2025 | 23.77% |
| Mar 31, 2025 | 23.68% |
| Dec 31, 2024 | 21.49% |
| Sep 30, 2024 | 22.15% |
| Jun 30, 2024 | 22.57% |
| Mar 31, 2024 | 21.83% |
| Dec 31, 2023 | 16.91% |
| Sep 30, 2023 | 17.76% |
| Jun 30, 2023 | 22.29% |
| Mar 31, 2023 | 20.42% |
| Dec 31, 2022 | 20.30% |
| Sep 30, 2022 | 20.81% |
| Jun 30, 2022 | 20.35% |
| Mar 31, 2022 | 21.68% |
| Dec 31, 2021 | 22.37% |
| Sep 30, 2021 | 22.10% |
| Jun 30, 2021 | 23.61% |