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
Revenue	9,217	8,748	8,188	7,263	6,636
Revenue Growth (YoY)	5.36%	6.84%	12.74%	9.46%	10.62%
Total Property Expenses	4,508	4,467	4,228	3,751	3,472
Gross Profit	4,709	4,281	3,960	3,512	3,163
Selling, General & Admin	2,743	2,657	2,509	2,286	2,043
Other Operating Expenses	118	296	8	26	11.92
Operating Income	1,848	1,328	1,443	1,200	1,108
Interest Income	193	137	94	36	2.64
Interest Expense	-527	-457	-402	-356	-336.08
Other Non-Operating Income (Expense)	-6	-33	-11	-51	-165.77
Total Non-Operating Income (Expense)	-340	-353	-319	-371	-499.21
Pretax Income	1,508	975	1,124	829	608.95
Provision for Income Taxes	160	161	155	124	109.22
Net Income	1,350	815	969	705	500.19
Minority Interest in Earnings	-2	-1	-	-	-0.46
Net Income to Common	1,350	815	969	705	500.19
Net Income Growth	65.64%	-15.89%	37.45%	40.95%	35.27%
Shares Outstanding (Basic)	98	95	94	92	90
Shares Outstanding (Diluted)	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	7.69	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%
Shares Outstanding	98.23	97.29	94.48	92.62	90.57
Free Cash Flow	-1,394	-154	52	437	-406.14
Free Cash Flow Growth	-	-	-88.10%	-	-
Free Cash Flow Per Share	-14.21	-1.61	0.55	4.76	-4.49
Dividends Per Share	18.760	17.040	14.490	12.400	11.480
Dividend Growth	10.09%	17.60%	16.86%	8.01%	7.90%
Gross Margin	51.09%	48.94%	48.36%	48.35%	47.67%
Operating Margin	20.05%	15.18%	17.62%	16.52%	16.70%
Profit Margin	14.63%	9.30%	11.83%	9.71%	7.53%
FCF Margin	-15.12%	-1.76%	0.64%	6.02%	-6.12%
EBITDA	3,914	3,339	3,287	2,937	2,764
EBITDA Margin	42.47%	38.17%	40.14%	40.44%	41.66%
EBIT	1,848	1,328	1,443	1,200	1,108
EBIT Margin	20.05%	15.18%	17.62%	16.52%	16.70%
Effective Tax Rate	10.61%	16.51%	13.79%	14.96%	17.94%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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