GDS Holdings (GDS) Payables (2015 - 2025)

GDS Holdings' (GDS) quarterly Payables came in at $330.4 million in Q4 2025, up 5.36% year-on-year from $313.6 million in Q4 2024, and up 369.28% quarter-over-quarter from $70.4 million in Q1 2025.

GDS Holdings (GDS) Payables (2015 - 2025) Analysis & Trends

GDS Holdings' Payables history runs 11 years deep, the most recent figure standing at $330.4 million for Q4 2025.

  • On a quarterly basis, Payables rose 5.36% year-over-year to $330.4 million in Q4 2025; TTM through Dec 2025 was $330.4 million, a 5.36% increase from a year earlier, with the FY2025 full-year figure at $326.1 million, down 99.91% from the prior year.
  • Payables climbed to $330.4 million in Q4 2025 per GDS's latest filing, from $70.4 million in the prior quarter.
  • Across five years, Payables topped out at $767.6 million in Q4 2021 and bottomed at $70.4 million in Q1 2025.
  • The 5-year median for Payables is $525.3 million (2021), against an average of $486.9 million.
  • Across the five-year window, Payables surged 271.81% in 2021 and sank 84.88% in 2025, its largest moves.
  • Year by year, Payables stood at $767.6 million in 2021, then dropped by 13.08% to $667.2 million in 2022, then sank by 33.96% to $440.6 million in 2023, then retreated by 28.82% to $313.6 million in 2024, then gained by 5.36% to $330.4 million in 2025.
  • Per Business Quant, the three latest GDS Payables figures stand at $330.4 million (Q4 2025), $70.4 million (Q1 2025), and $313.6 million (Q4 2024).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 International Business Machines 193.88 Bn 178.95 Bn 9.91 Bn 10.17 Bn
2 Accenture 84.94 Bn 75.26 Bn 6.13 Bn 3.18 Bn
3 GDS Holdings 50.55 Bn 48.40 Bn 164.04 Mn -
4 Infosys 44.05 Bn 44.79 Bn 1.60 Bn -
5 Cgi 41.25 Bn 40.60 Bn - 743.56 Mn
6 Fidelity National Information Services 20.63 Bn 19.87 Bn 1.11 Bn 6.61 Bn
7 Cognizant Technology Solutions 20.39 Bn 18.87 Bn 1.78 Bn 396.00 Mn
8 Wipro 18.65 Bn 17.52 Bn 738.00 Mn 1.04 Bn
9 Broadridge Financial Solutions 16.79 Bn 16.48 Bn 626.90 Mn 1.14 Bn
10 Cdw 16.66 Bn 16.08 Bn 1.19 Bn 4.56 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 330.43 Mn
Mar 31, 2025 70.41 Mn
Dec 31, 2024 313.61 Mn
Mar 31, 2024 465.82 Mn
Dec 31, 2023 440.59 Mn
Dec 31, 2022 667.18 Mn
Mar 31, 2022 592.81 Mn
Dec 31, 2021 767.56 Mn
Sep 30, 2021 596.01 Mn
Jun 30, 2021 586.27 Mn
Mar 31, 2021 525.29 Mn
Dec 31, 2020 206.44 Mn
Sep 30, 2020 495.73 Mn
Jun 30, 2020 407.74 Mn
Mar 31, 2020 183.71 Mn
Dec 31, 2019 294.14 Mn
Sep 30, 2019 236.70 Mn
Jun 30, 2019 257.83 Mn
Mar 31, 2019 228.28 Mn
Dec 31, 2018 317.14 Mn