GDS Holdings (GDS) Operating Expenses (2015 - 2026)
GDS Holdings (GDS) posted quarterly Operating Expenses of -$27.0 million for Q1 2026, up 20.63% year-over-year from -$22.4 million in Q1 2025, and up 8.69% quarter-over-quarter from -$29.6 million in Q4 2025.
GDS Holdings (GDS) Operating Expenses (2015 - 2026) Analysis & Trends
GDS Holdings' Operating Expenses history runs 12 years deep, the most recent figure standing at -$27.0 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 20.63% year-over-year to -$27.0 million; the TTM figure through Mar 2026 stood at -$122.9 million (up 20.28% YoY), while the FY2025 annual figure was $367.5 million, up 146.66% from the prior year.
- Operating Expenses for Q1 2026 stood at -$27.0 million, up from -$29.6 million in the prior quarter.
- The five-year high for Operating Expenses was -$27.0 million in Q1 2026, with the low at -$48.8 million in Q1 2022.
- The 5-year median for Operating Expenses is -$43.0 million (2024), against an average of -$39.8 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 33.06% in 2022, then gained 23.45% in 2025.
- GDS Holdings' Operating Expenses stood at -$44.4 million in 2022, then slipped by 2.17% to -$45.3 million in 2023, then rose by 19.64% to -$36.4 million in 2024, then grew by 18.84% to -$29.6 million in 2025, then grew by 8.69% to -$27.0 million in 2026.
- Business Quant data shows GDS's Operating Expenses at -$27.0 million in Q1 2026, -$29.6 million in Q4 2025, and -$33.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 310.00 Mn |
| 10 | GDS Holdings | 6.39 Bn | 4.19 Bn | 97.89 Mn | -28.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -27.00 Mn |
| Dec 31, 2025 | -29.57 Mn |
| Sep 30, 2025 | -33.06 Mn |
| Jun 30, 2025 | -33.23 Mn |
| Mar 31, 2025 | -34.01 Mn |
| Dec 31, 2024 | -36.43 Mn |
| Sep 30, 2024 | -42.98 Mn |
| Jun 30, 2024 | -40.69 Mn |
| Mar 31, 2024 | -44.43 Mn |
| Dec 31, 2023 | -45.34 Mn |
| Sep 30, 2023 | -44.94 Mn |
| Jun 30, 2023 | -39.20 Mn |
| Mar 31, 2023 | -43.58 Mn |
| Dec 31, 2022 | -44.37 Mn |
| Sep 30, 2022 | -43.41 Mn |
| Jun 30, 2022 | -44.97 Mn |
| Mar 31, 2022 | -48.82 Mn |
| Dec 31, 2021 | -46.00 Mn |
| Sep 30, 2021 | -42.09 Mn |
| Jun 30, 2021 | -39.73 Mn |