Equinix (EQIX) is trading up at $987.44 (+1.20%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $3.61B | $4.37B | $5.07B | $5.56B | $6.00B | $6.64B | $7.26B | $8.19B | $8.75B | $9.22B |
| Growth (year over year) | +32.5% | +20.9% | +16.1% | +9.7% | +7.8% | +10.6% | +9.5% | +12.7% | +6.8% | +5.4% |
| Gross profit | $1.79B | $2.18B | $2.47B | $2.75B | $2.92B | $3.16B | $3.51B | $3.96B | $4.28B | $4.71B |
| Gross margin | 49.6% | 49.8% | 48.6% | 49.5% | 48.7% | 47.7% | 48.4% | 48.4% | 48.9% | 51.1% |
| Operating income | $618.7M | $809.0M | $977.4M | $1.17B | $1.05B | $1.11B | $1.20B | $1.44B | $1.33B | $1.85B |
| Operating margin | 17.1% | 18.5% | 19.3% | 21.0% | 17.6% | 16.7% | 16.5% | 17.6% | 15.2% | 20.0% |
| Net income | $126.8M | $233.0M | $365.4M | $507.4M | $369.8M | $500.2M | $705.0M | $969.0M | $815.0M | $1.35B |
| Net margin | 3.5% | 5.3% | 7.2% | 9.1% | 6.2% | 7.5% | 9.7% | 11.8% | 9.3% | 14.6% |
| EPS (diluted) | $1.79 | $3.00 | $4.56 | $5.99 | $4.18 | $5.53 | $7.67 | $10.31 | $8.50 | $13.76 |
| Balance sheet | ||||||||||
| Cash and equivalents | $748.5M | $1.41B | $606.2M | $1.87B | $1.60B | $1.54B | $1.91B | $2.10B | $3.08B | $1.73B |
| Total assets | $12.6B | $18.7B | $20.2B | $24.0B | $27.0B | $27.9B | $30.3B | $32.7B | $35.1B | $40.1B |
| Total liabilities | $8.24B | $11.8B | $13.0B | $15.1B | $16.4B | $17.0B | $18.8B | $20.1B | $21.5B | $26.0B |
| Long-term debt | $5.31B | $8.47B | $9.89B | $10.4B | $10.6B | $11.7B | $12.9B | $13.8B | $15.3B | — |
| Shareholders' equity | $4.37B | $6.85B | $7.22B | $8.84B | $10.6B | $10.9B | $11.5B | $12.5B | $13.5B | $14.2B |
| Cash flow | ||||||||||
| Operating cash flow | $1.02B | $1.44B | $1.82B | $1.99B | $2.31B | $2.55B | $2.96B | $3.22B | $3.25B | $3.91B |
| Capital expenditure | $1.11B | $1.38B | $2.10B | $2.08B | $2.28B | $2.75B | $2.28B | $2.78B | $3.07B | $4.31B |
| Free cash flow | −$94.0M | $60.5M | −$280.7M | −$86.8M | $27.3M | −$204.3M | $685.0M | $436.0M | $183.0M | −$400.0M |
| Dividends paid | $499.5M | $621.5M | $738.6M | $836.2M | $947.9M | $1.04B | $1.15B | $1.38B | $1.64B | $1.86B |
| Share buybacks | $0 | — | — | — | — | — | — | — | — | — |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $2.20B | $2.26B | $2.23B | $2.26B | $2.32B | $2.42B | $2.44B | $2.63B |
| Growth (year over year) | +6.8% | +20.1% | +4.6% | +4.5% | +5.2% | +7.0% | +9.8% | +16.4% |
| Gross profit | $1.10B | $1.06B | $1.14B | $1.17B | $1.17B | $1.22B | $1.26B | $1.40B |
| Gross margin | 50.1% | 47.1% | 51.3% | 52.0% | 50.7% | 50.5% | 51.5% | 53.1% |
| Operating income | $425.0M | $103.0M | $458.0M | $494.0M | $474.0M | $422.0M | $577.0M | $665.0M |
| Operating margin | 19.3% | 4.6% | 20.6% | 21.9% | 20.5% | 17.4% | 23.6% | 25.3% |
| Net income | $297.0M | −$14.0M | $343.0M | $368.0M | $374.0M | $265.0M | $415.0M | $479.0M |
| Net margin | 13.5% | −0.6% | 15.4% | 16.3% | 16.1% | 11.0% | 17.0% | 18.2% |
| EPS (diluted) | $3.10 | −$0.19 | $3.50 | $3.75 | $3.81 | $2.70 | $4.20 | $4.83 |
| Balance sheet | ||||||||
| Cash and equivalents | $2.78B | $3.08B | $2.95B | $3.66B | $2.08B | $1.73B | $1.36B | $979.0M |
| Total assets | $35.4B | $35.1B | $36.1B | $38.8B | $38.1B | $40.1B | $40.9B | $41.1B |
| Total liabilities | $21.8B | $21.5B | $22.2B | $24.7B | $23.9B | $26.0B | $26.6B | $26.7B |
| Long-term debt | $15.4B | $15.3B | $15.9B | $18.1B | $17.3B | — | $19.8B | $19.9B |
| Shareholders' equity | $13.6B | $13.5B | $13.9B | $14.1B | $14.2B | $14.2B | $14.3B | $14.4B |
| Cash flow | ||||||||
| Operating cash flow | $758.0M | $981.0M | $809.0M | $944.0M | $1.01B | $1.14B | $717.0M | $1.07B |
| Capital expenditure | $724.0M | $987.0M | $750.0M | $989.0M | $1.14B | $1.44B | $1.26B | — |
| Free cash flow | $34.0M | −$6.00M | $59.0M | −$45.0M | −$122.0M | −$292.0M | −$539.0M | — |
| Dividends paid | $413.0M | $413.0M | $468.0M | $460.0M | $467.0M | $461.0M | $519.0M | $510.0M |
From Equinix's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Equinix's latest reported figures next to the median of the other 29 S&P 500 Real Estate companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Equinix | Real Estate (29 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +5.4% | +5.1% | +7.0% |
| Net margin, latest fiscal year | 14.6% | 21.5% | 12.9% |
| Dividend per share, latest fiscal year | $18.76 | $3.04 | $2.40 |
| Share price change, 1 year | +19.7% | −3.2% | +7.5% |
Equinix: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Equinix included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 29/496, net margin 29/496, dividend per share 24/349, 1-year price change 29/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 24 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
Equinix Inc., is an American multinational internet and data center company headquartered in Redwood City, California. It specialized in internet connectivity and data center colocation centers, commonly known as carrier hotels, until the company converted to a real estate investment trust (REIT) in January 2015. It is listed on the Nasdaq stock exchange under the ticker symbol EQIX. As of 2025, the company operates 260 data centers in 33 countries, across five continents and employed more than 13,000 people worldwide.
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