GDS Holdings annual capital expenditures (capex)
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
GDS Holdings Capital Expenditures (CapEx) Growth & History (GDS)
GDS Holdings's capital expenditures (capex) was ¥4.69B for fiscal 2025.
View full GDS Holdings company overviewGDS Holdings annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥4.69B | ¥1.52B | +48.02% |
| 2024 | 2024-12-31 | ¥3.17B | −¥24.7M | −0.77% |
| 2023 | 2023-12-31 | ¥3.19B | −¥2.67B | −45.56% |
| 2022 | 2022-12-31 | ¥5.87B | −¥3.83B | −39.52% |
| 2021 | 2021-12-31 | ¥9.70B | ¥1.66B | +20.70% |
| 2020 | 2020-12-31 | ¥8.04B | ¥3.48B | +76.34% |
| 2019 | 2019-12-31 | ¥4.56B | ¥296.7M | +6.96% |
| 2018 | 2018-12-31 | ¥4.26B | ¥2.54B | +147.71% |
| 2017 | 2017-12-31 | ¥1.72B | ¥732.4M | +74.15% |
| 2016 | 2016-12-31 | ¥987.8M | ¥254.8M | +34.76% |
| 2015 | 2015-12-31 | ¥733.0M | ¥484.6M | +195.14% |
| 2014 | 2014-12-31 | ¥248.3M | — | — |
GDS Holdings quarterly capital expenditures (capex)
Q3.19
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥1.25B | −¥15.0M | −1.19% |
| Q1 2026 | 2026-03-31 | ¥770.0M | −¥239.3M | −23.71% |
| Q4 2025 | 2025-12-31 | ¥997.1M | — | — |
| Q3 2025 | 2025-09-30 | ¥1.42B | — | — |
| Q2 2025 | 2025-06-30 | ¥1.26B | — | — |
| Q1 2025 | 2025-03-31 | ¥1.01B | — | — |
| Q3 2019 | 2019-09-30 | ¥1.08B | — | — |
GDS Holdings capital expenditures (capex) trends
Over the last five fiscal years, GDS Holdings's capital expenditures (capex) decreased from ¥8.04B to ¥4.69B, a change of −¥3.35B. The latest reported quarter, Q2 2026, shows ¥1.25B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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