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.

• On a quarterly basis, Gross Margin rose 993.0% year-over-year to 33.61% in Q1 2026; TTM through Mar 2026 was 25.49%, a 303.0% increase from a year earlier, with the FY2025 full-year figure at 22.62%, up 108.0% from the prior year.
• Gross Margin grew to 33.61% in Q1 2026 per GDS's latest filing, from 20.96% in the prior quarter.
• Across five years, Gross Margin topped out at 33.61% in Q1 2026 and bottomed at 16.91% in Q4 2023.
• The 5-year median for Gross Margin is 21.68% (2022), against an average of 21.92%.
• Across the five-year window, Gross Margin sank 339 bps in 2023 and soared 993 bps in 2026, its largest moves.
• Year by year, Gross Margin stood at 20.3% in 2022, then declined by 17 bps to 16.91% in 2023, then climbed by 27 bps to 21.49% in 2024, then declined by 2 bps to 20.96% in 2025, then jumped by 60 bps to 33.61% in 2026.
• Per Business Quant, the three latest GDS Gross Margin figures stand at 33.61% (Q1 2026), 20.96% (Q4 2025), and 22.14% (Q3 2025).