Equinix Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Revenue	9,260	8,737	8,197	7,117	6,260
Total Revenue	9,260	8,737	8,197	7,117	6,260
Revenue Growth (YoY	5.99%	6.59%	15.17%	13.69%	11.33%
Property Expenses	4,508	4,467	4,228	3,751	3,472
Selling, General & Administrative	2,743	2,657	2,509	2,286	2,043
Total Operating Expenses	7,254	7,127	6,740	6,086	5,515
Operating Income	2,006	1,610	1,457	1,031	744.33
Interest Expense	-636	-410	-379	-334	-336.08
Interest & Investment Income	193	137	94	36	2.64
Income (Loss) on Equity Investments	-17	-24	-12	-9	-
Currency Exchange Gain (Loss)	-156	165	-29	284	90.2
Other Non-Operating Income	217	-241	-12	-168	-180.14
EBT Excluding Unusual Items	1,607	1,237	1,119	840	320.95
Merger & Restructuring Charges	-	-	-	-7	-22.77
Gain (Loss) on Sale of Assets	1	18	5	-4	10.85
Asset Writedown	-68	-233	-	-	-
Other Unusual Items	1	-16	-	-	299.93
Pretax Income	1,508	975	1,124	829	608.95
Income Tax Expense	160	161	155	124	109.22
Earnings From Continuing Operations	1,348	814	969	705	499.73
Net Income to Company	1,348	814	969	705	499.73
Minority Interest in Earnings	2	1	-	-	0.46
Net Income	1,350	815	969	705	500.19
Net Income to Common	1,350	815	969	705	500.19
Net Income Growth	65.64%	-15.89%	37.45%	40.95%	35.27%
Basic Shares Outstanding	98	95	94	92	90
Diluted Shares Outstanding	98	96	94	92	90
Shares Change (YoY)	2.40%	1.93%	2.38%	1.57%	2.26%
EPS (Basic)	13.79	8.54	10.35	7.70	5.57
EPS (Diluted)	13.76	8.50	10.31	7.67	5.53
EPS Growth	61.88%	-17.56%	34.42%	38.70%	32.30%
Dividend Per Share	18.760	17.040	14.490	12.400	11.480
Dividend Growth	10.09%	17.60%	16.86%	8.01%	7.90%
Operating Margin	21.66%	18.43%	17.77%	14.49%	11.89%
Profit Margin	14.58%	9.33%	11.82%	9.91%	7.99%
EBITDA	4,072	3,621	3,301	2,773	2,407
EBITDA Margin	43.97%	41.44%	40.27%	38.96%	38.45%
D&A For Ebitda	2,066	2,011	1,844	1,742	1,663
EBIT	2,006	1,610	1,457	1,031	744.33
EBIT Margin	21.66%	18.43%	17.77%	14.49%	11.89%
Funds From Operations (FFO)	2,668	2,061	2,130	1,827	1,573
Adjusted Funds From Operations (AFFO)	3,761	3,356	3,019	2,714	2,451
FFO Payout Ratio	69.57%	79.72%	64.55%	63.05%	66.30%
Effective Tax Rate	10.61%	16.51%	13.79%	14.96%	17.94%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.