GDS Holdings Limited (GDS) Earnings History
Annual and quarterly earnings data from 2014 to 2025
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GDS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
GDS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 20.5% | 13.2% | 8.3% |
| 2024 | 21.5% | 11.2% | 33.2% |
| 2023 | 19.3% | -24.7% | -43.1% |
| 2022 | 20.8% | 5.9% | -13.6% |
| 2021 | 22.8% | 7.3% | -15.2% |
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GDS Holdings Limited (GDS) Earnings Overview
As of May 8, 2026, GDS Holdings Limited (GDS) reported trailing twelve-month net income of $956M, reflecting +193.0% year-over-year growth. The company earned $4.92 per diluted share over the past four quarters, with a net profit margin of 8.3%.
Looking at the long-term picture, GDS's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.43B in fiscal 2024.
GDS Holdings Limited maintains positive profitability with a gross margin of 20.5%, operating margin of 13.2%, and net margin of 8.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including VNET (-$568M net income, 2.2% margin), BTBT ($137M net income, 17.3% margin), DLR ($1.31B net income, 21.4% margin), GDS has outperformed on profitability metrics. Compare GDS vs VNET →
GDS Earnings vs Peers
Earnings metrics vs comparable public companies
GDS Historical Earnings Data (2014–2025)
12 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $924M | -73.0% | $1.46B | $4.24 | 8.3% | 13.2% |
| 2024 | $3.43B | +179.8% | $1.15B | $-4.56 | 33.2% | 11.2% |
| 2023 | -$4.29B | -238.8% | -$2.46B | $-23.67 | -43.1% | -24.7% |
| 2022 | -$1.27B | -6.3% | $552M | $-8.25 | -13.6% | 5.9% |
| 2021 | -$1.19B | -78.0% | $570M | $-7.23 | -15.2% | 7.3% |
| 2020 | -$669M | -51.4% | $673M | $-4.71 | -11.7% | 11.7% |
| 2019 | -$442M | -2.7% | $480M | $-3.63 | -10.7% | 11.6% |
| 2018 | -$430M | -31.6% | $168M | $-3.48 | -15.4% | 6.0% |
| 2017 | -$327M | -18.3% | $82M | $-3.33 | -20.2% | 5.1% |
| 2016 | -$276M | -180.4% | -$42M | $-7.36 | -26.2% | -4.0% |
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Start ComparisonGDS — Frequently Asked Questions
Quick answers to the most common questions about buying GDS stock.
Is GDS growing earnings?
GDS EPS is $4.92, with earnings growth accelerating to +193.0%. This exceeds the 5-year CAGR of N/A. TTM net income reached $956M.
What are GDS's profit margins?
GDS Holdings Limited net margin is +8.3%, with operating margin at +13.2%. Margins sit within typical range for the sector.
How consistent are GDS's earnings?
GDS earnings data spans 2014-2025. The accelerating earnings trend is +193.0% YoY. Historical data enables comparison across business cycles.