GDS Holdings (GDS) Gross Margin (2015 - 2026)
GDS Holdings (GDS) posted Gross Margin of 21.51% for the quarter ended Jun 30, 2026, down 2.24 percentage points from 23.75% a year earlier and down 12.10 percentage points from the prior quarter.
GDS Holdings (GDS) Gross Margin (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at GDS Holdings was 24.87%, up 2.09 percentage points year-over-year; for the year ended Dec 31, 2025, it was 22.62%, up 1.08 percentage points from the prior year.
- Annual Gross Margin shows a five-year change of -4.40 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, GDS Holdings' Gross Margin was 21.53% in the year ended Dec 31, 2024 (+2.22 pp), 19.31% in the year ended Dec 31, 2023 (-1.45 pp), 20.76% in the year ended Dec 31, 2022 (-2.00 pp) and 22.76% in the year ended Dec 31, 2021 (-4.26 pp).
- Quarterly Gross Margin has run from a low of 16.91% in the quarter ended Dec 31, 2023 to a high of 33.61% in the quarter ended Mar 31, 2026 over five years.
- On a year-over-year basis, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +2.39 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was the quarter ended Mar 31, 2026, with a gain of 9.93 percentage points; the weakest was the quarter ended Sep 30, 2021, with a drop of 4.73 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 33.61% (quarter ended Mar 31, 2026), 20.96% (quarter ended Dec 31, 2025) and 22.14% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.45 Bn | 3,887.61 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 223.88 Bn | 174.69 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 102.22 Bn | 85.75 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 95.41 Bn | 83.97 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 39.65 Bn | 13.08 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 32.28 Bn | 19.37 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 27.92 Bn | 25.14 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 18.19 Bn | 9.87 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 14.07 Bn | 9.65 Bn | 828.20 Mn | 63.81% |
| 10 | GDS Holdings | 4.35 Bn | -3.92 Bn | 97.55 Mn | 21.51% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.51% |
| Mar 31, 2026 | 33.61% |
| Dec 31, 2025 | 20.96% |
| Sep 30, 2025 | 22.14% |
| Jun 30, 2025 | 23.75% |
| Mar 31, 2025 | 23.68% |
| Dec 31, 2024 | 21.49% |
| Sep 30, 2024 | 21.29% |
| Jun 30, 2024 | 21.93% |
| Mar 31, 2024 | 21.43% |
| Dec 31, 2023 | 17.56% |
| Sep 30, 2023 | 17.76% |
| Jun 30, 2023 | 22.29% |
| Mar 31, 2023 | 20.41% |
| Dec 31, 2022 | 20.30% |
| Sep 30, 2022 | 20.81% |
| Jun 30, 2022 | 20.28% |
| Mar 31, 2022 | 21.68% |
| Dec 31, 2021 | 22.28% |
| Sep 30, 2021 | 22.09% |
GDS Holdings Gross Margin 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=gross-margin&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();