Equinix, Inc. (EQIX)
NASDAQ: EQIX · Real-Time Price · USD
1,019.28
-28.25 (-2.70%)
Jul 31, 2026, 4:00 PM EDT - Market closed

Equinix Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
9,8059,2178,7488,1887,2636,636
Revenue Growth
9.64%5.36%6.84%12.74%9.46%10.62%
Gross Profit
5,0494,7094,2813,9603,5123,163
Operating Income
2,1381,8481,3281,4431,2001,108
Net Income
1,5331,350815969705500.19
Earnings Per Share
15.5313.768.5010.317.675.53
EPS Growth
52.11%61.88%-17.56%34.42%38.70%32.30%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Colocation
6,8476,4756,0585,7665,0834,642
Interconnection
1,7541,6551,5191,3941,2681,162
Managed Infrastructure
461466467451.67415.51380.86
Other Segment
155143140132.69104.935.91
Non-Recurring
588478564443.41391.82415.05
Revenue (Total)
9,8059,2178,7488,1887,2636,636

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,2243,2273,6082,0961,9061,536
Total Debt
23,35622,72618,96117,45416,47014,993
Net Cash (Debt)
-21,132-19,499-15,353-15,358-14,563-13,456
Net Cash Growth
------
Net Cash Per Share
-214.31-198.72-160.22-163.37-158.59-148.84

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
3,9423,9113,2493,2172,9632,547
Capital Expenditures
-6,525-5,305-3,403-3,165-2,526-2,953
Free Cash Flow
-2,583-1,394-15452437-406.14
Free Cash Flow Growth
----88.10%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
51.49%51.09%48.94%48.36%48.35%47.67%
Operating Margin
21.81%20.05%15.18%17.62%16.52%16.70%
Pretax Margin
17.39%16.36%11.15%13.73%11.41%9.18%
Profit Margin
15.60%14.63%9.30%11.83%9.71%7.53%
FCF Margin
-26.34%-15.12%-1.76%0.64%6.02%-6.12%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
20.64018.76017.04014.49012.40011.480
Dividend Per Share Growth
10.04%10.09%17.60%16.86%8.01%7.90%
Dividend Yield
2.02%2.47%1.83%1.82%1.92%1.37%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
65.5555.68110.9378.1285.40152.96
P/FCF Ratio
---1463.32138.83-
PS Ratio
10.158.1610.499.298.3511.55