GDS Holdings (GDS) Net Margin (2015 - 2026)
GDS Holdings (GDS) posted Net Margin of 27.05% for Q2 2026, down 65.62% on a QoQ basis from 78.66% in Q1 2026, and up 2954.0% year-over-year from 0.89% in Q2 2025.
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GDS Holdings (GDS) Net Margin (2015 - 2026) Analysis & Trends
GDS Holdings has reported Net Margin for 12 years, with the latest figure at 27.05% in Q2 2026.
- On a quarterly basis, Net Margin rose 2954.0% year-over-year to 27.05% in Q2 2026; TTM through Jun 2026 was 30.7%, a 1013.0% decrease from a year earlier, with the FY2025 full-year figure at 8.31%, down 2468.0% from the prior year.
- Net Margin was 27.05% for Q2 2026 at GDS Holdings, down from 78.66% in the prior quarter.
- The five-year high for Net Margin was 155.7% in Q4 2024, with the low at 123.84% in Q4 2023.
- Average Net Margin over 5 years is 2.46%, with a median of 8.58% recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Margin surged 27954 bps in 2024, then plunged 17168 bps in 2025.
- Over 5 years, Net Margin stood at 7.52% in 2022, then slumped by 1547 bps to 123.84% in 2023, then surged by 226 bps to 155.7% in 2024, then slumped by 110 bps to 15.99% in 2025, then surged by 269 bps to 27.05% in 2026.
- The last three Net Margin figures came in at 27.05% (Q2 2026), 78.66% (Q1 2026), and 15.99% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | 18.17% |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | -2,076.90% |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | -43.18% |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | -1,077.14% |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 27.05% |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -703.59% |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | -5.21% |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn | 10.40% |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn | -51.93% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -292.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.05% |
| Mar 31, 2026 | 78.66% |
| Dec 31, 2025 | -15.99% |
| Sep 30, 2025 | 25.15% |
| Jun 30, 2025 | -2.49% |
| Mar 31, 2025 | 28.02% |
| Dec 31, 2024 | 155.70% |
| Sep 30, 2024 | -6.48% |
| Jun 30, 2024 | -7.99% |
| Mar 31, 2024 | -13.16% |
| Dec 31, 2023 | -123.84% |
| Sep 30, 2023 | -16.72% |
| Jun 30, 2023 | -9.17% |
| Mar 31, 2023 | -19.77% |
| Dec 31, 2022 | -7.52% |
| Sep 30, 2022 | -14.36% |
| Jun 30, 2022 | -16.25% |
| Mar 31, 2022 | -16.62% |
| Dec 31, 2021 | -14.49% |
| Sep 30, 2021 | -14.47% |