Income Statement - GDS Holdings Ltd (GDS)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 11,432.27 | 10,322.07 | 9,956.50 | 9,325.63 | 7,818.68 | 5,738.97 | 4,122.41 | 2,792.08 | 1,616.17 | 1,055.96 | 703.64 | 468.34 |
| Cost of revenue | 8,846.86 | 8,099.44 | 8,034.05 | 7,389.77 | 6,039.25 | 4,188.52 | 3,079.68 | 2,169.64 | 1,207.69 | 790.29 | 515.00 | 388.17 |
| Gross profit | 2,585.42 | 2,222.63 | 1,922.45 | 1,935.86 | 1,779.43 | 1,550.45 | 1,042.73 | 622.44 | 408.47 | 265.67 | 188.64 | 80.17 |
| Total operating expenses | 1,048.99 | 1,070.64 | 4,381.16 | 1,371.32 | 1,209.91 | 877.51 | 562.95 | 454.09 | 326.24 | 308.05 | 185.94 | 150.99 |
| Operating income | 1,536.43 | 1,151.99 | -2,458.71 | 551.78 | 569.52 | 672.94 | 479.78 | 168.36 | 82.23 | -42.37 | -1.22 | -75.70 |
| Non-operating income (net) | -107.35 | -1,766.85 | -1,841.47 | -1,541.66 | -1,518.27 | -1,221.38 | -906.21 | -608.01 | -415.21 | -242.35 | -109.35 | -58.88 |
| Income before tax | 1,429.08 | -614.86 | -4,300.17 | -989.88 | -948.75 | -548.44 | -426.43 | -439.66 | -332.98 | -284.73 | -110.57 | -134.58 |
| Income tax expense | 469.72 | 156.05 | -14.78 | 276.24 | 242.46 | 120.78 | 15.65 | -9.39 | -6.08 | -8.32 | -11.98 | -4.58 |
| Net income | 949.64 | 3,425.39 | -4,290.05 | -1,266.12 | -1,191.21 | -669.21 | -442.08 | -430.27 | -326.90 | -276.41 | -98.58 | -130.00 |
Show Quarterly Income Statement
Income Statement - GDS Holdings Ltd (GDS)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 3,367.10 | 2,881.38 | 2,887.13 | 2,900.29 | 2,723.16 | 2,690.66 | 2,965.71 | 2,826.37 | 2,627.37 | 2,556.49 | 2,519.03 | 2,472.02 | 2,408.96 | 2,404.03 | 2,367.59 | 2,310.41 | 2,243.59 | 2,187.38 | 2,061.42 | 1,863.92 | 1,705.97 | 1,631.60 | 1,524.75 | 1,342.21 | 1,240.42 | 1,179.19 | 1,066.19 | 985.19 | 891.84 | 829.52 | 762.82 | 637.51 | 562.23 | 505.48 | 424.43 | 336.21 | 350.04 | 311.67 | 297.16 | 236.04 | 211.10 | 209.09 | 189.75 | 155.27 | 152.40 | 75.48 |
| Cost of revenue | 2,235.58 | 2,334.75 | 2,247.89 | 2,211.36 | 2,078.33 | 2,112.55 | 2,308.79 | 2,188.54 | 2,053.69 | 2,124.17 | 2,071.58 | 1,921.02 | 1,917.27 | 1,916.00 | 1,874.79 | 1,841.81 | 1,757.18 | 1,700.10 | 1,605.98 | 1,424.05 | 1,309.12 | 1,201.55 | 1,115.78 | 981.10 | 890.08 | 884.46 | 791.96 | 723.42 | 679.83 | 639.38 | 590.96 | 499.99 | 439.31 | 387.29 | 321.71 | 254.85 | 243.85 | 235.74 | 222.51 | 175.14 | 156.90 | 154.57 | 138.91 | 113.67 | 110.76 | 50.33 |
| Gross profit | 1,131.52 | 546.63 | 639.24 | 688.93 | 644.83 | 578.12 | 656.92 | 637.83 | 573.67 | 432.32 | 447.45 | 551.00 | 491.69 | 488.03 | 492.81 | 468.60 | 486.42 | 487.27 | 455.44 | 439.87 | 396.85 | 430.05 | 408.97 | 361.10 | 350.34 | 294.72 | 274.23 | 261.77 | 212.01 | 190.14 | 171.87 | 137.52 | 122.92 | 118.19 | 102.72 | 81.36 | 106.20 | 75.93 | 74.64 | 60.90 | 54.20 | 54.53 | 50.84 | 41.61 | 41.64 | 25.15 |
| Total operating expenses | 223.56 | 188.37 | 276.84 | 274.34 | 279.59 | 296.48 | 336.67 | 322.19 | 354.44 | 272.57 | 366.77 | 306.77 | 337.12 | 338.99 | 345.83 | 335.47 | 351.03 | 335.27 | 305.60 | 292.96 | 276.09 | 275.10 | 249.64 | 184.10 | 156.09 | 167.15 | 144.31 | 128.71 | 122.77 | 127.65 | 121.91 | 112.07 | 91.79 | 93.43 | 88.89 | 72.44 | 71.48 | 74.68 | 62.59 | 126.57 | 44.21 | 48.70 | 53.65 | 42.40 | 38.37 | 544.04 |
| Operating income | 907.96 | 358.25 | 362.40 | 414.59 | 365.24 | 281.64 | 320.25 | 315.63 | 219.23 | -2,938.18 | 80.68 | 244.23 | 154.57 | 136.29 | 146.98 | 133.13 | 135.38 | 152.01 | 149.84 | 146.91 | 120.77 | 154.94 | 159.33 | 164.43 | 194.25 | 127.57 | 129.91 | 133.06 | 89.24 | 62.48 | 49.96 | 25.45 | 30.46 | 24.76 | 13.84 | 8.92 | 34.72 | 1.25 | 12.05 | -65.67 | 9.99 | 1.91 | -2.81 | -2.85 | -0.16 | -75.70 |
| Non-operating income (net) | 1,852.88 | -791.66 | 548.11 | -420.31 | 598.54 | -420.90 | -561.37 | -487.53 | -501.77 | -451.01 | -480.57 | -444.28 | -465.61 | -236.15 | -419.26 | -449.59 | -436.67 | -402.56 | -381.33 | -394.23 | -340.16 | -382.82 | -328.90 | -239.09 | -270.57 | -227.72 | -239.23 | -227.42 | -211.84 | -199.22 | -165.54 | -125.59 | -117.66 | -142.34 | -106.51 | -85.97 | -80.39 | -71.12 | -66.26 | -51.29 | -53.69 | -32.57 | -23.19 | -27.87 | -26.80 | -58.88 |
| Income before tax | 2,760.84 | -433.41 | 910.51 | -5.73 | 963.78 | -139.27 | -241.12 | -171.89 | -282.54 | -3,389.20 | -399.89 | -200.04 | -311.04 | -99.86 | -272.28 | -316.46 | -301.29 | -250.55 | -231.50 | -247.31 | -219.39 | -227.88 | -169.57 | -74.67 | -76.32 | -100.15 | -109.32 | -94.36 | -122.61 | -136.74 | -115.58 | -100.14 | -87.20 | -117.58 | -92.67 | -77.06 | -45.67 | -69.86 | -54.20 | -116.96 | -43.70 | -30.66 | -26.01 | -30.72 | -26.95 | -134.58 |
| Income tax expense | 108.71 | 22.96 | 181.88 | 64.86 | 199.70 | 34.14 | -10.01 | 59.88 | 62.39 | -224.55 | 20.95 | 25.26 | 163.57 | 78.04 | 67.38 | 58.85 | 71.97 | 62.33 | 69.64 | 51.15 | 59.34 | 43.63 | 35.07 | 26.38 | 15.71 | 3.51 | -0.68 | -1.20 | 14.02 | -13.83 | 3.78 | 1.94 | -1.28 | -1.04 | -2.34 | -1.33 | -1.37 | -0.23 | -1.63 | -1.54 | -4.92 | -2.48 | -2.86 | -3.69 | -3.32 | -4.58 |
| Net income | 2,648.70 | -460.61 | 725.98 | -72.30 | 763.02 | 4,189.29 | -192.34 | -225.74 | -345.83 | -3,165.95 | -421.18 | -226.58 | -474.61 | -177.90 | -339.66 | -375.31 | -373.25 | -315.89 | -325.10 | -296.33 | -276.74 | -269.93 | -203.40 | -101.05 | -92.03 | -103.66 | -108.64 | -93.16 | -136.62 | -122.91 | -119.35 | -102.08 | -85.93 | -116.54 | -90.33 | -75.72 | -44.31 | -69.64 | -52.58 | -115.42 | -38.78 | -28.18 | -23.15 | -27.03 | -53.15 | -130.00 |