GDS Holdings annual operating expenses
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
GDS Holdings Operating Expenses Growth & History (GDS)
GDS Holdings's operating expenses was ¥2.64B for fiscal 2025.
View full GDS Holdings company overviewGDS Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥2.64B | ¥1.57B | +146.69% |
| 2024 | 2024-12-31 | ¥1.07B | −¥3.09B | −74.25% |
| 2023 | 2023-12-31 | ¥4.16B | ¥2.92B | +235.83% |
| 2022 | 2022-12-31 | ¥1.24B | ¥28.4M | +2.34% |
| 2021 | 2021-12-31 | ¥1.21B | ¥332.4M | +37.88% |
| 2020 | 2020-12-31 | ¥877.5M | ¥314.6M | +55.88% |
| 2019 | 2019-12-31 | ¥562.9M | ¥108.9M | +23.97% |
| 2018 | 2018-12-31 | ¥454.1M | ¥127.8M | +39.19% |
| 2017 | 2017-12-31 | ¥326.2M | ¥18.2M | +5.91% |
| 2016 | 2016-12-31 | ¥308.0M | ¥118.2M | +62.25% |
| 2015 | 2015-12-31 | ¥189.9M | ¥34.0M | +21.81% |
| 2014 | 2014-12-31 | ¥155.9M | — | — |
GDS Holdings quarterly operating expenses
Q3.19
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥225.0M | −¥49.3M | −17.97% |
| Q1 2026 | 2026-03-31 | ¥223.6M | −¥56.0M | −20.04% |
| Q4 2025 | 2025-12-31 | ¥218.2M | — | — |
| Q3 2025 | 2025-09-30 | ¥276.8M | — | — |
| Q2 2025 | 2025-06-30 | ¥274.3M | — | — |
| Q1 2025 | 2025-03-31 | ¥279.6M | — | — |
| Q3 2019 | 2019-09-30 | ¥144.3M | — | — |
GDS Holdings operating expenses trends
Over the last five fiscal years, GDS Holdings's operating expenses increased from ¥877.5M to ¥2.64B, a change of ¥1.76B. The latest reported quarter, Q2 2026, shows ¥225.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review GDS Holdings source filings ↗