KPIs & Operating Metrics(New)
Growth Metrics

GDS Holdings (GDS) Gross Margin (2016 - 2025)

GDS Holdings has reported Gross Margin over the past 11 years, most recently at 20.96% for Q4 2025.

  • For Q4 2025, Gross Margin fell 53.0% year-over-year to 20.96%; the TTM value through Dec 2025 reached 22.6%, up 58.0%, while the annual FY2025 figure was 22.62%, 108.0% up from the prior year.
  • Gross Margin for Q4 2025 was 20.96% at GDS Holdings, down from 22.14% in the prior quarter.
  • Over five years, Gross Margin peaked at 137.99% in Q4 2021 and troughed at 16.91% in Q4 2023.
  • A 5-year average of 27.3% and a median of 21.96% in 2021 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: surged 11163bps in 2021 and later tumbled -11769bps in 2022.
  • Year by year, Gross Margin stood at 137.99% in 2021, then crashed by -85bps to 20.3% in 2022, then dropped by -17bps to 16.91% in 2023, then increased by 27bps to 21.49% in 2024, then dropped by -2bps to 20.96% in 2025.
  • Business Quant data shows Gross Margin for GDS at 20.96% in Q4 2025, 22.14% in Q3 2025, and 23.75% in Q2 2025.