GDS Holdings Ltd revenue

GDS Holdings Ltd's revenue was $1.59bn in fiscal 2025, up 10.9% on the year before. Since fiscal 2014 ($76.0m) it has grown at a compound 31.8% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

GDS Holdings Ltd: revenue history, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	76	112	159	239	423	597	832	1,212	1,380	1,382	1,435	1,591
Growth on the year before	—	+47.4%	+42.0%	+50.4%	+76.8%	+41.1%	+39.3%	+45.7%	+13.9%	+0.2%	+3.8%	+10.9%
Gross profit	13	30	40	60	94	151	225	276	291	276	309	360
Gross margin	17.1%	26.8%	25.2%	25.3%	22.3%	25.3%	27.0%	22.8%	21.1%	19.9%	21.5%	22.6%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

IT Consulting & Other Services: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
GDS Holdings Ltd	$1.59bn	10.9%	—
Unisys Corp	$1.95bn	-0.6%	-1.1%
Exlservice Holdings, Inc.	$2.34bn	15.6%	13.7%
Globant S.a.	$2.45bn	1.6%	—
Formula Systems (1985) LTD	$2.63bn	18.4%	—
Ecarx Holdings Inc.	$848m	9.9%	—

Compare with peers

Head to head: GDS vs UIS EXLS vs GDS GDS vs GLOB ECX vs GDS

More: IT Consulting & Other Services stocks compared, Technology sector, rankings of US companies

Figures from GDS Holdings Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to GDS Holdings Ltd.