What is EQIX revenue?

Equinix Inc. (EQIX) reported $10.06B of revenue for the twelve months ended Sep 30, 2026. That is up 11.1% from the year before. Revenue for fiscal 2025 was $9.22B.

Yes. Equinix Inc. earned $1.65B in net income for the twelve months ended Sep 30, 2026, a net margin of 16.4%.

How much cash and debt does EQIX have?

Equinix Inc. reported $2.36B in cash and cash equivalents and $22.84B of debt on its most recent balance sheet in SEC filings.

How fast is EQIX revenue growing?

Equinix Inc.'s revenue changed +5.4% in fiscal 2025, to $9.22B. Its compound annual growth rate was +9.0% over 5 years and +13.0% over 10 years.

What is EQIX gross margin?

Equinix Inc.'s gross profit was $5.19B on $10.06B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 51.6%.

What is EQIX earnings per share?

Diluted earnings per share were $16.66 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did EQIX last report financial results?

The latest statements here come from Equinix Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.

Where does this EQIX financial data come from?

Quantisnow builds these statements from the structured XBRL data Equinix Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · EQIX

Equinix Inc. (EQIX) financials

For the twelve months ended Sep 30, 2026, Equinix Inc. reported $10.06B of revenue and $1.65B of net income.

Revenue, TTM: $10.06B
Revenue growth, YoY: +11.1%
Net income, TTM: $1.65B
Net income growth, YoY: +53.8%
Net margin: 16.4%
EPS, diluted, TTM: $16.66
EPS growth, YoY: +53.3%
Cash: $2.36B
Total debt: $22.84B
P/E: 60.90
P/S: 9.96
Market cap: $100.25B

Annual revenue$9.22B

FY2016FY2025

Annual net income$1.35B

FY2016FY2025

Annual free cash flow-$400.00M

FY2016FY2025

EQIX revenue and earnings growth

EQIX revenueQ3 2026$2.57B

Quarter YoY: +11.0%
QoQ: -2.1%
FY YoY: +5.4%
5Y CAGR: +9.0%
10Y CAGR: +13.0%

EQIX revenue was $2.57B in fiscal Q3 2026 (ended Sep 30, 2026), up 11.0% from a year earlier and down 2.1% from the prior quarter. For the full fiscal 2025 it was $9.22B, up 5.4% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +13.0% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

EQIX net incomeQ3 2026$489.00M

Quarter YoY: +30.7%
QoQ: +2.5%
FY YoY: +65.6%
5Y CAGR: +29.6%
10Y CAGR: +21.8%

EQIX net income was $489.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 30.7% from a year earlier and up 2.5% from the prior quarter. For the full fiscal 2025 it was $1.35B, up 65.6% from fiscal 2024. Compound annual growth was +29.6% over 5 years and +21.8% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

EQIX EPSQ3 2026$4.93

Quarter YoY: +29.4%
QoQ: +2.1%
FY YoY: +61.9%
5Y CAGR: +26.9%
10Y CAGR: +15.7%

EQIX diluted EPS was $4.93 in fiscal Q3 2026 (ended Sep 30, 2026), up 29.4% from a year earlier and up 2.1% from the prior quarter. For the full fiscal 2025 it was $13.76, up 61.9% from fiscal 2024. Compound annual growth was +26.9% over 5 years and +15.7% over 10 years.

EQIX free cash flowQ1 2026-$539.00M

EQIX free cash flow was -$539.00M in fiscal Q1 2026 (ended Mar 31, 2026), compared with $59.00M a year earlier. For the full fiscal 2025 it was -$400.00M, compared with $183.00M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$9.22B	$8.75B	$8.19B	$7.26B	$6.64B	$6.00B	$5.56B	$5.07B	$4.37B	$3.61B
Cost of revenue	$4.51B	$4.47B	$4.23B	$3.75B	$3.47B	$3.07B	$2.81B	$2.61B	$2.19B	$1.82B
Gross profit	$4.71B	$4.28B	$3.96B	$3.51B	$3.16B	$2.92B	$2.75B	$2.47B	$2.18B	$1.79B
Selling, general and admin	$1.84B	$1.77B	$1.65B	$1.50B	$1.30B	$1.09B	$935.02M	$826.69M	$745.91M	$694.56M
Operating income	$1.85B	$1.33B	$1.44B	$1.20B	$1.11B	$1.05B	$1.17B	$977.38M	$809.01M	$618.74M
Interest expense	$527.00M	$457.00M	$402.00M	$356.00M	$336.08M	$406.47M	$479.68M	$521.49M	$478.70M	$392.16M
Pre-tax income	$1.51B	$975.00M	$1.12B	$829.00M	$608.95M	$516.23M	$692.60M	$433.04M	$286.83M	$159.86M
Income tax	$160.00M	$161.00M	$155.00M	$124.00M	$109.22M	$146.15M	$185.35M	$67.68M	$53.85M	$45.45M
Net income	$1.35B	$815.00M	$969.00M	$705.00M	$500.19M	$369.78M	$507.45M	$365.36M	$232.98M	$126.80M
EPS, basic	$13.79	$8.54	$10.35	$7.69	$5.57	$4.22	$6.03	$4.58	$3.03	$1.81
EPS, diluted	$13.76	$8.50	$10.31	$7.67	$5.53	$4.18	$5.99	$4.56	$3.00	$1.79
Diluted shares	98.1M	95.8M	94.0M	91.8M	90.4M	88.4M	84.7M	80.2M	77.5M	70.8M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.73B	$3.08B	$2.10B	$1.91B	$1.55B	$1.63B	$1.89B	$627.60M	$1.45B	$773.25M
Short-term investments	$1.50B	$527.00M	$0	-	$0	$4.53M	$10.36M	$4.54M	$28.27M	$3.41M
Receivables	$1.00B	$949.00M	$1.00B	$855.00M	$681.81M	$676.74M	$689.13M	$630.12M	$576.31M	$396.25M
Current assets	$5.13B	$5.45B	$3.57B	$3.31B	$2.96B	$2.61B	$2.87B	$1.52B	$2.25B	$1.47B
Goodwill	$5.98B	$5.50B	$5.74B	$5.65B	$5.37B	$5.47B	$4.78B	$4.84B	$4.41B	$2.99B
Total assets	$40.14B	$35.09B	$32.65B	$30.31B	$27.92B	$27.01B	$23.97B	$20.24B	$18.69B	$12.61B
Current liabilities	$3.89B	$3.35B	$3.16B	$1.84B	$1.61B	$2.02B	$2.16B	$1.52B	$1.24B	$1.03B
Short-term debt	$1.30B	$1.20B	$998.00M	-	-	-	-	-	-	-
Total debt	-	$15.33B	$13.84B	$12.88B	$11.72B	$10.63B	$10.40B	$9.89B	$8.47B	$5.31B
Total liabilities	$25.96B	$21.53B	$20.14B	$18.80B	$17.04B	$16.37B	$15.13B	$13.03B	$11.84B	$8.24B
Shareholders' equity	$14.16B	$13.53B	$12.49B	$11.51B	$10.88B	$10.63B	$8.84B	$7.22B	$6.85B	$4.37B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$3.91B	$3.25B	$3.22B	$2.96B	$2.55B	$2.31B	$1.99B	$1.82B	$1.44B	$1.02B
Capital expenditures	$4.31B	$3.07B	$2.78B	$2.28B	$2.75B	$2.28B	$2.08B	$2.10B	$1.38B	$1.11B
Free cash flow	-$400.00M	$183.00M	$436.00M	$685.00M	-$204.31M	$27.32M	-$86.79M	-$280.75M	$60.51M	-$94.01M
Investing cash flow	-$6.48B	-$3.94B	-$3.22B	-$3.36B	-$3.01B	-$3.43B	-$1.94B	-$3.08B	-$5.40B	-$2.05B
Financing cash flow	$1.27B	$1.72B	$211.00M	$857.00M	$413.76M	$815.53M	$1.20B	$470.91M	$4.61B	-$897.07M
Dividends paid	$1.86B	$1.64B	$1.38B	$1.15B	$1.04B	$947.93M	$836.16M	$738.60M	$621.50M	$499.46M
Share repurchases	-	-	-	-	-	-	-	-	-	$0
Stock-based compensation	$498.00M	$462.00M	$407.00M	$404.00M	$363.77M	$294.95M	$236.54M	$180.72M	$175.50M	$155.57M
Depreciation and amortization	$2.05B	$2.01B	$1.84B	$1.74B	$1.66B	$1.42B	$1.28B	$1.23B	$1.04B	$837.21M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.4%	6.8%	12.7%	9.5%	10.6%	7.8%	9.7%	16.1%	20.9%	32.5%
Net income growth, YoY	65.6%	-15.9%	37.4%	40.9%	35.3%	-27.1%	38.9%	56.8%	83.7%	-32.5%
EPS growth, YoY	61.9%	-17.6%	34.4%	38.7%	32.3%	-30.2%	31.4%	52.0%	67.6%	-44.2%
Gross margin	51.1%	48.9%	48.4%	48.4%	47.7%	48.7%	49.5%	48.6%	49.8%	49.6%
Operating margin	20.0%	15.2%	17.6%	16.5%	16.7%	17.6%	21.0%	19.3%	18.5%	17.1%
Net margin	14.6%	9.3%	11.8%	9.7%	7.5%	6.2%	9.1%	7.2%	5.3%	3.5%
Free cash flow margin	-4.3%	2.1%	5.3%	9.4%	-3.1%	0.5%	-1.6%	-5.5%	1.4%	-2.6%
Return on equity	9.5%	6.0%	7.8%	6.1%	4.6%	3.5%	5.7%	5.1%	3.4%	2.9%
Return on assets	3.4%	2.3%	3.0%	2.3%	1.8%	1.4%	2.1%	1.8%	1.2%	1.0%
Current ratio	1.32	1.63	1.13	1.80	1.84	1.29	1.33	1.00	1.81	1.43
Debt to equity	-	1.13	1.11	1.12	1.08	1.00	1.18	1.37	1.24	1.22

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$2.57B	$2.63B	$2.44B	$2.42B	$2.32B	$2.26B	$2.23B	$2.26B	$2.20B	$2.16B	$2.13B	$2.11B
Cost of revenue	$1.26B	$1.23B	$1.19B	$1.20B	$1.14B	$1.08B	$1.08B	$1.20B	$1.10B	$1.08B	$1.09B	$1.09B
Gross profit	$1.31B	$1.40B	$1.26B	$1.22B	$1.17B	$1.17B	$1.14B	$1.06B	$1.10B	$1.08B	$1.04B	$1.02B
Selling, general and admin	$449.00M	$462.00M	$444.00M	$481.00M	$470.00M	$451.00M	$438.00M	$451.00M	$434.00M	$437.00M	$444.00M	$449.00M
Operating income	$600.00M	$665.00M	$577.00M	$422.00M	$474.00M	$494.00M	$458.00M	$103.00M	$425.00M	$436.00M	$364.00M	$346.00M
Interest expense	$163.00M	$151.00M	$148.00M	$142.00M	$128.00M	$135.00M	$122.00M	$126.00M	$117.00M	$110.00M	$104.00M	$103.00M
Pre-tax income	$537.00M	$523.00M	$471.00M	$312.00M	$399.00M	$405.00M	$392.00M	$0	$350.00M	$348.00M	$277.00M	$270.00M
Income tax	$48.00M	$46.00M	$56.00M	$48.00M	$25.00M	$38.00M	$49.00M	$14.00M	$54.00M	$47.00M	$46.00M	$43.00M
Net income	$489.00M	$477.00M	$415.00M	$265.00M	$374.00M	$367.00M	$343.00M	-$14.00M	$297.00M	$301.00M	$231.00M	$227.00M
EPS, basic	$4.95	$4.86	$4.22	$2.69	$3.82	$3.76	$3.52	-$0.18	$3.11	$3.17	$2.44	$2.42
EPS, diluted	$4.93	$4.83	$4.20	$2.70	$3.81	$3.75	$3.50	-$0.19	$3.10	$3.16	$2.43	$2.40
Diluted shares	99.3M	99.1M	98.7M	-	98.2M	98.0M	97.9M	-	95.7M	95.2M	95.2M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$2.36B	$979.00M	$1.36B	$1.73B	$2.08B	$3.66B	$2.95B	$3.08B	$2.78B	$1.99B	$1.53B	$2.10B
Short-term investments	$1.24B	$1.25B	$1.69B	$1.50B	$854.00M	$872.00M	$723.00M	$527.00M	$451.00M	-	-	$0
Receivables	$1.20B	$1.26B	$1.11B	$1.00B	$1.14B	$1.14B	$1.09B	$949.00M	$1.12B	$1.12B	$1.08B	$1.00B
Current assets	$5.76B	$4.32B	$5.35B	$5.13B	$4.97B	$6.55B	$5.50B	$5.45B	$5.05B	$3.73B	$3.17B	$3.57B
Goodwill	$5.87B	$5.91B	$5.93B	$5.98B	$5.95B	$5.98B	$5.63B	$5.50B	$5.77B	$5.62B	$5.62B	$5.74B
Total assets	$44.45B	$41.08B	$40.90B	$40.14B	$38.06B	$38.85B	$36.08B	$35.09B	$35.44B	$32.85B	$31.94B	$32.65B
Current liabilities	$4.45B	$3.82B	$4.54B	$3.89B	$3.07B	$4.24B	$3.33B	$3.35B	$4.37B	$3.07B	$2.89B	$3.16B
Short-term debt	-	-	-	$1.30B	-	-	-	$1.20B	-	-	-	$998.00M
Total debt	$22.84B	$19.87B	$19.79B	-	$17.33B	$18.07B	$15.89B	$15.33B	$15.39B	$14.45B	$13.74B	$13.84B
Total liabilities	$29.89B	$26.68B	$26.58B	$25.96B	$23.88B	$24.74B	$22.17B	$21.53B	$21.83B	$20.55B	$19.61B	$20.14B
Shareholders' equity	$14.54B	$14.37B	$14.29B	$14.16B	$14.15B	$14.08B	$13.89B	$13.53B	$13.59B	$12.28B	$12.30B	$12.49B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.24B	$1.07B	$717.00M	$1.14B	$1.01B	$944.00M	$809.00M	$981.00M	$758.00M	$912.00M	$598.00M	$999.00M
Capital expenditures	-	-	$1.26B	$1.44B	$1.14B	$989.00M	$750.00M	$987.00M	$724.00M	$648.00M	$707.00M	$996.00M
Free cash flow	-	-	-$539.00M	-$292.00M	-$122.00M	-$45.00M	$59.00M	-$6.00M	$34.00M	$264.00M	-$109.00M	$3.00M
Investing cash flow	-$2.30B	-$1.12B	-$1.46B	-$2.71B	-$1.37B	-$1.44B	-$964.00M	-$1.11B	-$1.36B	-$734.00M	-$727.00M	-$1.28B
Financing cash flow	$2.44B	-$355.00M	$349.00M	$1.23B	-$1.16B	$1.19B	$15.00M	$478.00M	$1.35B	$294.00M	-$397.00M	-$22.00M
Dividends paid	$518.00M	$510.00M	$519.00M	$461.00M	$467.00M	$460.00M	$468.00M	$413.00M	$413.00M	$405.00M	$412.00M	$403.00M
Stock-based compensation	$141.00M	$145.00M	$128.00M	$128.00M	$130.00M	$127.00M	$113.00M	$114.00M	$122.00M	$125.00M	$101.00M	$106.00M
Depreciation and amortization	$544.00M	$551.00M	$541.00M	$542.00M	$530.00M	$499.00M	$479.00M	$498.00M	$496.00M	$489.00M	$526.00M	$463.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	11.0%	16.4%	9.8%	7.0%	5.2%	4.5%	4.6%	7.2%	6.8%	6.9%	-4.4%	12.8%
Net income growth, YoY	30.7%	30.0%	21.0%	-	25.9%	21.9%	48.5%	-	7.6%	45.4%	-10.8%	75.4%
EPS growth, YoY	29.4%	28.8%	20.0%	-	22.9%	18.7%	44.0%	-	5.8%	43.0%	-12.3%	73.9%
Gross margin	51.1%	53.1%	51.5%	50.5%	50.7%	52.0%	51.3%	47.1%	50.1%	49.9%	48.7%	48.2%
Operating margin	23.3%	25.3%	23.6%	17.4%	20.5%	21.9%	20.6%	4.6%	19.3%	20.2%	17.1%	16.4%
Net margin	19.0%	18.2%	17.0%	11.0%	16.1%	16.3%	15.4%	-0.6%	13.5%	13.9%	10.9%	10.8%
Free cash flow margin	-	-	-22.1%	-12.1%	-5.3%	-2.0%	2.7%	-0.3%	1.5%	12.2%	-5.1%	0.1%
Current ratio	1.29	1.13	1.18	1.32	1.62	1.54	1.65	1.63	1.16	1.22	1.10	1.13
Debt to equity	1.57	1.38	1.38	-	1.22	1.28	1.14	1.13	1.13	1.18	1.12	1.11

Source: XBRL data Equinix Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

EQIX peers

Company	Revenue	Growth	Net income	Net margin	Market cap
EQIX	$10.06B	+11.1%	$1.65B	16.4%	$100.25B
WELLWelltower Inc.	$13.79B	+39.2%	$1.67B	12.1%	$179.74B
PLDPrologis Inc.	$8.95B	+6.7%	$3.71B	41.5%	$120.67B
AMTAmerican Tower Corporation (REIT)	$11.01B	+5.3%	$3.31B	30.1%	$87.55B
SPGSimon Property Group Inc.	$7.15B	+16.2%	$4.51B	63.0%	$73.91B
DLRDigital Realty Trust Inc.	$6.34B	+12.6%	$1.38B	21.7%	$65.90B
PSAPublic Storage	$5.03B	+5.2%	$1.90B	37.8%	$63.05B
ORealty Income Corporation	$6.21B	+10.8%	$1.36B	21.8%	$56.15B
VMRKVivmark Residential	$3.13B	+2.8%	$875.36M	28.0%	$51.59B

EQIX FAQ

8 questions

What is EQIX revenue?
Equinix Inc. (EQIX) reported $10.06B of revenue for the twelve months ended Sep 30, 2026. That is up 11.1% from the year before. Revenue for fiscal 2025 was $9.22B.
Is EQIX profitable?
Yes. Equinix Inc. earned $1.65B in net income for the twelve months ended Sep 30, 2026, a net margin of 16.4%.
How much cash and debt does EQIX have?
Equinix Inc. reported $2.36B in cash and cash equivalents and $22.84B of debt on its most recent balance sheet in SEC filings.
How fast is EQIX revenue growing?
Equinix Inc.'s revenue changed +5.4% in fiscal 2025, to $9.22B. Its compound annual growth rate was +9.0% over 5 years and +13.0% over 10 years.
What is EQIX gross margin?
Equinix Inc.'s gross profit was $5.19B on $10.06B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 51.6%.
What is EQIX earnings per share?
Diluted earnings per share were $16.66 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did EQIX last report financial results?
The latest statements here come from Equinix Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
Where does this EQIX financial data come from?
Quantisnow builds these statements from the structured XBRL data Equinix Inc. files with the SEC. It is provided for information only and is not investment advice.