GDS Holdings (GDS) Gross Margin (2015 - 2026)

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 was 33.61% for Q1 2026 at GDS Holdings, up from 20.97% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 33.61% in Q1 2026 to a low of 16.91% in Q4 2023.
• Historically, Gross Margin has averaged 21.93% across 5 years, with a median of 21.68% in 2022.
• The sharpest annual moves came in 2022 and 2026: Gross Margin plunged 11769 bps in 2022, then jumped 993 bps in 2026.
• A 5-year view of Gross Margin shows it stood at 20.3% in 2022, then declined by 17 bps to 16.91% in 2023, then rose by 27 bps to 21.49% in 2024, then retreated by 2 bps to 20.97% in 2025, then soared by 60 bps to 33.61% in 2026.
• The last three Gross Margin figures came in at 33.61% (Q1 2026), 20.97% (Q4 2025), and 22.15% (Q3 2025), per Business Quant data.