GDS Holdings GDS
NASDAQ GDS
$30.37 -0.07 (-0.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

GDS Holdings (GDS) Operating Leases (2019 - 2026)

GDS Holdings (GDS) posted Operating Leases of $169.7 million for Q2 2026, down 1.05% on a QoQ basis from $171.5 million in Q1 2026, and down 2.75% year-over-year from $174.5 million in Q2 2025.

Analysis

GDS Holdings (GDS) Operating Leases (2019 - 2026) Analysis & Trends

GDS Holdings has reported Operating Leases for 8 years, with the latest figure at $169.7 million in Q2 2026.

  • On a quarterly basis, Operating Leases fell 2.75% year-over-year to $169.7 million in Q2 2026; TTM through Jun 2026 was $169.7 million, a 2.75% decrease from a year earlier, with the FY2025 full-year figure at $172.1 million, down 1.84% from the prior year.
  • Operating Leases was $169.7 million for Q2 2026 at GDS Holdings, down from $171.5 million in the prior quarter.
  • The five-year high for Operating Leases was $310.3 million in Q1 2022, with the low at $169.7 million in Q4 2025.
  • Average Operating Leases over 5 years is $202.9 million, with a median of $187.8 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2023: Operating Leases climbed 23.2% in 2022, then dropped 26.18% in 2023.
  • Over 5 years, Operating Leases stood at $227.5 million in 2022, then slipped by 17.93% to $186.7 million in 2023, then decreased by 4.58% to $178.2 million in 2024, then retreated by 4.76% to $169.7 million in 2025, then increased by 0.03% to $169.7 million in 2026.
  • The last three Operating Leases figures came in at $169.7 million (Q2 2026), $171.5 million (Q1 2026), and $169.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 169.74 Mn
Mar 31, 2026 171.53 Mn
Dec 31, 2025 169.68 Mn
Sep 30, 2025 172.89 Mn
Jun 30, 2025 174.54 Mn
Mar 31, 2025 175.23 Mn
Dec 31, 2024 178.16 Mn
Sep 30, 2024 188.93 Mn
Jun 30, 2024 184.91 Mn
Mar 31, 2024 190.08 Mn
Dec 31, 2023 186.70 Mn
Sep 30, 2023 197.67 Mn
Jun 30, 2023 211.42 Mn
Mar 31, 2023 229.04 Mn
Dec 31, 2022 227.50 Mn
Sep 30, 2022 247.17 Mn
Jun 30, 2022 267.15 Mn
Mar 31, 2022 310.28 Mn
Dec 31, 2021 294.61 Mn
Sep 30, 2021 270.46 Mn