Financials · Real Estate Investment Trusts

Equinix, Inc.

NASDAQEQIX ISINUS29444U7000 SEC CIK0001101239 Listed on NASDAQ · USD

$1,070.70 +2.63 (+0.25%) Pre-market $1,062.00 (-0.57%) ≈ ₹1.00 L a share

Open chart

Price, last 12 months+29.50% in a year

Key numbers

Market value: $105.99B
P/E (TTM): 64.3
Forward P/E: 59.9
EPS (TTM): $16.65
Dividend yield: 1.93%
Beta: 0.96
Day range: $1,055.79 – $1,075.00
52-week range: $720.62 – $1,128.68
Volume: 55,297
10-day avg volume: $810.00K
Revenue (TTM): $10.06B
EBITDA (TTM): $4.60B
Gross margin: 51.6%
Net margin: 16.4%
Return on equity: 11.5%
Debt / equity: 172.2%
Price / sales: 10.54
Shares out: 98.99M

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.88B$346.00M$227.00M

Dec 23

$2.13B$364.00M$231.00M

Mar 24

$2.16B$436.00M$301.00M

Jun 24

$2.20B$425.00M$297.00M

Sep 24

$2.26B$103.00M$-14.00M

Dec 24

$2.23B$458.00M$343.00M

Mar 25

$2.26B$494.00M$368.00M

Jun 25

$2.32B$474.00M$374.00M

Sep 25

$2.42B$422.00M$265.00M

Dec 25

$2.44B$577.00M$415.00M

Mar 26

$2.63B$665.00M$479.00M

Jun 26

$2.57B$600.00M$489.00M

Sep 26

Revenue · QoQ (vs last quarter)

—+13%+1.5%+1.9%+2.7%-1.6%+1.4%+2.7%+4.5%+1.0%+7.4%-2.1%

Revenue · YoY (vs a year ago)

————+20%+4.6%+4.5%+5.2%+7.0%+9.8%+16%+11%

Net income · QoQ (vs last quarter)

—+1.8%+30%-1.3%-105%+2,550%+7.3%+1.6%-29%+57%+15%+2.1%

Net income · YoY (vs a year ago)

————-106%+48%+22%+26%+1,993%+21%+30%+31%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$1.88B	$2.13B	$2.16B	$2.20B	$2.26B	$2.23B	$2.26B	$2.32B	$2.42B	$2.44B	$2.63B	$2.57B
Cost of revenue	$1.09B	$1.09B	$1.08B	$1.10B	$1.20B	$1.08B	$1.08B	$1.14B	$1.20B	$1.19B	$1.23B	$1.26B
Gross profit	$791.00M	$1.04B	$1.08B	$1.10B	$1.07B	$1.14B	$1.17B	$1.17B	$1.22B	$1.26B	$1.40B	$1.31B
Gross margin	42.0%	48.7%	49.9%	50.1%	47.1%	51.3%	52.0%	50.7%	50.5%	51.5%	53.1%	51.1%
Operating income	$346.00M	$364.00M	$436.00M	$425.00M	$103.00M	$458.00M	$494.00M	$474.00M	$422.00M	$577.00M	$665.00M	$600.00M
Operating margin	18.4%	17.1%	20.2%	19.3%	4.6%	20.6%	21.9%	20.5%	17.4%	23.6%	25.3%	23.3%
Interest expense	$103.66M	$104.00M	$110.00M	$117.00M	$126.00M	$122.00M	$135.00M	$128.00M	$142.00M	$148.00M	$151.00M	$163.00M
Pre-tax income	$192.00M	$277.00M	$348.00M	$350.00M	$0	$392.00M	$405.00M	$399.00M	$312.00M	$471.00M	$523.00M	$537.00M
Income tax	$43.00M	$46.00M	$47.00M	$54.00M	$14.00M	$49.00M	$38.00M	$25.00M	$48.00M	$56.00M	$46.00M	$48.00M
Net income	$227.00M	$231.00M	$301.00M	$297.00M	$-14.00M	$343.00M	$368.00M	$374.00M	$265.00M	$415.00M	$479.00M	$489.00M
Net margin	12.1%	10.9%	13.9%	13.5%	-0.6%	15.4%	16.3%	16.1%	11.0%	17.0%	18.2%	19.0%
EPS (diluted)	—	$2.43	$3.16	$3.10	—	$3.50	$3.75	$3.81	—	$4.20	$4.83	$4.93

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$5.07B$2.47B$365.36M

FY18

$5.56B$2.75B$507.45M

FY19

$6.00B$2.92B$369.78M

FY20

$6.64B$3.16B$500.19M

FY21

$7.26B$3.51B$705.00M

FY22

$8.19B$3.96B$969.00M

FY23

$8.75B$4.28B$815.00M

FY24

$9.22B$4.71B$1.35B

FY25

Revenue · YoY (vs a year ago)

—+9.7%+7.8%+11%+9.5%+13%+6.8%+5.4%

Net income · YoY (vs a year ago)

—+39%-27%+35%+41%+37%-16%+66%

RevenueGross profitNet incomeLine = trend

$4.56

FY18

$5.99

FY19

$4.18

FY20

$5.53

FY21

$7.67

FY22

$10.31

FY23

$8.50

FY24

$13.76

FY25

EPS (diluted) · YoY (vs a year ago)

—+31%-30%+32%+39%+34%-18%+62%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.07B	$5.56B	$6.00B	$6.64B	$7.26B	$8.19B	$8.75B	$9.22B
Revenue growth	—	9.7%	7.8%	10.6%	9.5%	12.7%	6.8%	5.4%
Cost of revenue	$2.61B	$2.81B	$3.07B	$3.47B	$3.75B	$4.23B	$4.47B	$4.51B
Gross profit	$2.47B	$2.75B	$2.92B	$3.16B	$3.51B	$3.96B	$4.28B	$4.71B
Gross margin	48.6%	49.5%	48.7%	47.7%	48.4%	48.4%	48.9%	51.1%
Operating income	$977.38M	$1.17B	$1.05B	$1.11B	$1.20B	$1.44B	$1.33B	$1.85B
Operating margin	19.3%	21.0%	17.6%	16.7%	16.5%	17.6%	15.2%	20.0%
Depreciation & amortisation	$1.23B	$1.28B	$1.42B	$1.66B	$1.74B	$1.85B	$2.01B	$2.05B
Interest expense	$521.49M	$479.68M	$406.47M	$336.08M	$356.34M	$402.02M	$457.00M	$527.00M
Pre-tax income	$433.04M	$692.60M	$516.23M	$608.95M	$829.00M	$1.12B	$975.00M	$1.51B
Income tax	$67.68M	$185.35M	$146.15M	$109.22M	$124.00M	$155.00M	$161.00M	$160.00M
Tax rate	15.6%	26.8%	28.3%	17.9%	15.0%	13.8%	16.5%	10.6%
Net income	$365.36M	$507.45M	$369.78M	$500.19M	$705.00M	$969.00M	$815.00M	$1.35B
Net margin	7.2%	9.1%	6.2%	7.5%	9.7%	11.8%	9.3%	14.6%
EPS (diluted)	$4.56	$5.99	$4.18	$5.53	$7.67	$10.31	$8.50	$13.76

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$7.22B$9.89B$610.71M

FY18

$8.84B$10.40B$1.88B

FY19

$10.63B$10.63B$1.61B

FY20

$10.88B$11.72B$1.54B

FY21

$11.51B$12.88B$1.91B

FY22

$12.49B$14.84B$2.10B

FY23

$13.53B$16.53B$3.61B

FY24

$14.16B$1.30B$3.23B

FY25

Shareholders' equity · YoY (vs a year ago)

—+22%+20%+2.3%+5.7%+8.5%+8.3%+4.6%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$606.17M	$1.87B	$1.60B	$1.54B	$1.91B	$2.10B	$3.08B	$1.73B
Short-term investments	$4.54M	$10.36M	$4.53M	$0	—	$0	$527.00M	$1.50B
Current assets	$1.52B	$2.87B	$2.61B	$2.96B	$3.31B	$3.57B	$5.45B	$5.13B
Total assets	$20.24B	$23.97B	$27.01B	$27.92B	$30.31B	$32.65B	$35.09B	$40.14B
Current liabilities	$1.52B	$2.16B	$2.02B	$1.61B	$1.84B	$3.16B	$3.35B	$3.89B
Long-term debt	$9.89B	$10.40B	$10.63B	$11.72B	$12.88B	$13.84B	$15.33B	—
Short-term debt	—	—	—	—	—	$998.00M	$1.20B	$1.30B
Total debt	$9.89B	$10.40B	$10.63B	$11.72B	$12.88B	$14.84B	$16.53B	$1.30B
Total liabilities	$13.03B	$15.13B	$16.37B	$17.04B	$18.80B	$20.14B	$21.53B	$25.96B
Shareholders' equity	$7.22B	$8.84B	$10.63B	$10.88B	$11.51B	$12.49B	$13.53B	$14.16B
Current ratio	1.00	1.33	1.29	1.84	1.80	1.13	1.63	1.32
Debt / equity	1.37	1.18	1.00	1.08	1.12	1.19	1.22	0.09
Return on equity	5.1%	5.7%	3.5%	4.6%	6.1%	7.8%	6.0%	9.5%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$1.82B$-280.75M$738.60M

FY18

$1.99B$-86.79M$836.16M

FY19

$2.31B$27.32M$947.93M

FY20

$2.55B$-204.31M$1.04B

FY21

$2.96B$685.00M$1.15B

FY22

$3.22B$436.00M$1.38B

FY23

$3.25B$183.00M$1.64B

FY24

$3.91B$-400.00M$1.86B

FY25

Operating cash flow · YoY (vs a year ago)

—+9.8%+16%+10%+16%+8.6%+1.0%+20%

Free cash flow · YoY (vs a year ago)

—+69%+131%-848%+435%-36%-58%-319%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$1.82B	$1.99B	$2.31B	$2.55B	$2.96B	$3.22B	$3.25B	$3.91B
Capital spending	$-2.10B	$-2.08B	$-2.28B	$-2.75B	$-2.28B	$-2.78B	$-3.07B	$-4.31B
Free cash flow	$-280.75M	$-86.79M	$27.32M	$-204.31M	$685.00M	$436.00M	$183.00M	$-400.00M
FCF margin	-5.5%	-1.6%	0.5%	-3.1%	9.4%	5.3%	2.1%	-4.3%
Stock-based pay	$180.72M	$236.54M	$294.95M	$363.77M	$404.00M	$407.00M	$462.00M	$498.00M
Cash from investing	$-3.08B	$-1.94B	$-3.43B	$-3.01B	$-3.36B	$-3.22B	$-3.94B	$-6.48B
Cash from financing	$470.91M	$1.20B	$815.53M	$413.77M	$857.00M	$211.00M	$1.72B	$1.27B
Dividends paid	$-738.60M	$-836.16M	$-947.93M	$-1.04B	$-1.15B	$-1.38B	$-1.64B	$-1.86B

About

About Equinix, Inc.

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.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Equinix, Inc.
Ticker: EQIX
Exchange: NASDAQ
ISIN: US29444U7000
SEC CIK: 0001101239
Sector: Financials
Industry: Real Estate Investment Trusts
SEC industry (SIC): Real Estate Investment Trusts (6798)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 11 Feb 2026
CEO: Adaire Fox-Martin
Chair: Charles Meyers
Headquarters: Redwood City
Address: One Lagoon Drive, Redwood City, Ca 94065
Founded: 1998
Employees: 13,716
Trades in: US dollars (USD)
Website: equinix.com

News

Peers

Others in Financials

Quotes from CNBC (may be delayed), financials from SEC EDGAR, profile from global-stock-logos (MIT). Information only, not investment advice.

India, Wall Street, crypto and commodities, live.

Every product, one clear workflow.

Built from data, on the record.

A clearer view of the markets.

Calculators and tools that show the maths.

Read the numbers, not the noise.

Equinix, Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

Peers