GDS Holdings (GDS) Payables (2015 - 2026)
GDS Holdings' Payables was $351.12 million in the quarter ended Jun 30, 2026, down 6.5% from $375.7 million a year earlier but up 26.7% from the prior quarter.
Powered by 
Analysis
GDS Holdings (GDS) Payables (2015 - 2026) Analysis & Trends
As of Dec 31, 2025, Payables at GDS Holdings came in at $333.55 million, down 44.9% from the prior year.
- Payables shows a five-year compound annual growth rate of -14.9% (years ended Dec 2020 to Dec 2025).
- In earlier years, Payables was $605.58 million in the year ended Dec 31, 2024 (+11.9%), $541.06 million in the year ended Dec 31, 2023 (-20.5%), $680.73 million in the year ended Dec 31, 2022 (-49.1%) and $1.34 billion in the year ended Dec 31, 2021 (+79.3%).
- Quarterly Payables has moved between $269.03 million (the quarter ended Sep 30, 2025) and $1.34 billion (the quarter ended Dec 31, 2021) over five years.
- Compared with a year earlier, Payables has declined for six straight quarters, with an average decline of 10.6% over the last eight quarters.
- The best year-over-year quarter for Payables over five years was the quarter ended Dec 31, 2021 (growth of 81.1%); the worst was the quarter ended Dec 31, 2022 (a decline of 50.1%).
- Per Business Quant data, GDS's Payables in the three quarters before the quarter ended Jun 30, 2026 was $277.17 million (quarter ended Mar 31, 2026), $330.43 million (quarter ended Dec 31, 2025) and $269.03 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 42.42 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 10.17 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 127.03 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 1.26 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 1.30 Bn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 3.63 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 265.00 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 96.51 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 122.90 Mn |
| 10 | GDS Holdings | 4.27 Bn | -4.01 Bn | 97.55 Mn | 351.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 351.93 Mn |
| Mar 31, 2026 | 276.63 Mn |
| Dec 31, 2025 | 334.98 Mn |
| Sep 30, 2025 | 269.01 Mn |
| Jun 30, 2025 | 375.25 Mn |
| Mar 31, 2025 | 70.47 Mn |
| Dec 31, 2024 | 601.78 Mn |
| Sep 30, 2024 | 519.26 Mn |
| Jun 30, 2024 | 425.10 Mn |
| Mar 31, 2024 | 465.42 Mn |
| Dec 31, 2023 | 446.36 Mn |
| Sep 30, 2023 | 400.26 Mn |
| Jun 30, 2023 | 409.07 Mn |
| Mar 31, 2023 | 384.36 Mn |
| Dec 31, 2022 | 681.46 Mn |
| Sep 30, 2022 | 531.63 Mn |
| Jun 30, 2022 | 595.68 Mn |
| Mar 31, 2022 | 592.17 Mn |
| Dec 31, 2021 | 1.34 Bn |
| Sep 30, 2021 | 595.96 Mn |
API Access
GDS Holdings Payables 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=payables&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();