Equinix (EQIX) is trading down at $1,037.39 (-0.95%) 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. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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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