Equinix Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property Revenue	2,294	-	-	-	-	-
Service and Other Revenue	126	-	-	-	-	-
Revenue	9,436	9,217	8,748	8,188	7,263	6,636
Revenue Growth (YoY)	6.67%	5.36%	6.84%	12.74%	9.46%	10.62%
Total Property Expenses	4,610	4,508	4,467	4,228	3,751	3,472
Gross Profit	4,826	4,709	4,281	3,960	3,512	3,163
Selling, General & Admin	2,761	2,743	2,657	2,509	2,286	2,043
Other Operating Expenses	98	118	296	8	26	11.92
Operating Income	1,967	1,848	1,328	1,443	1,200	1,108
Interest Income	187	193	137	94	36	2.64
Interest Expense	-553	-527	-457	-402	-356	-336.08
Other Non-Operating Income (Expense)	-14	-6	-33	-11	-51	-165.77
Total Non-Operating Income (Expense)	-380	-340	-353	-319	-371	-499.21
Pretax Income	1,587	1,508	975	1,124	829	608.95
Provision for Income Taxes	167	160	161	155	124	109.22
Net Income	1,422	1,350	815	969	705	500.19
Minority Interest in Earnings	-3	-2	-1	-	-	-0.46
Net Income to Common	1,422	1,350	815	969	705	500.19
Net Income Growth	53.40%	65.64%	-15.89%	37.45%	40.95%	35.27%
Shares Outstanding (Basic)	98	98	95	94	92	90
Shares Outstanding (Diluted)	98	98	96	94	92	90
Shares Change (YoY)	2.00%	2.40%	1.93%	2.38%	1.57%	2.26%
EPS (Basic)	14.50	13.79	8.54	10.35	7.69	5.57
EPS (Diluted)	14.45	13.76	8.50	10.31	7.67	5.53
EPS Growth	50.21%	61.88%	-17.56%	34.42%	38.70%	32.30%
Shares Outstanding	98.62	98.23	97.29	94.48	92.62	90.57
Free Cash Flow	-2,098	-1,394	-154	52	437	-406.14
Free Cash Flow Growth	-	-	-	-88.10%	-	-
Free Cash Flow Per Share	-21.34	-14.21	-1.61	0.55	4.76	-4.49
Dividends Per Share	19.230	18.760	17.040	14.490	12.400	11.480
Dividend Growth	2.50%	10.09%	17.60%	16.86%	8.01%	7.90%
Gross Margin	51.14%	51.09%	48.94%	48.36%	48.35%	47.67%
Operating Margin	20.85%	20.05%	15.18%	17.62%	16.52%	16.70%
Profit Margin	15.05%	14.63%	9.30%	11.83%	9.71%	7.53%
FCF Margin	-22.23%	-15.12%	-1.76%	0.64%	6.02%	-6.12%
EBITDA	3,635	3,914	3,339	3,287	2,937	2,764
EBITDA Margin	38.52%	42.47%	38.17%	40.14%	40.44%	41.66%
EBIT	1,967	1,848	1,328	1,443	1,200	1,108
EBIT Margin	20.85%	20.05%	15.18%	17.62%	16.52%	16.70%
Effective Tax Rate	10.52%	10.61%	16.51%	13.79%	14.96%	17.94%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q