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Equinix (EQIX)

Nasdaq Real Estate Data Center REITs S&P 500
$1,012.71
+15.36 (+1.54%)
Close of Nov 06, 2026 · end-of-day data
Source: Equinix's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$3.61B$4.37B$5.07B$5.56B$6.00B$6.64B$7.26B$8.19B$8.75B$9.22B
Cost of revenue$1.82B$2.19B$2.61B$2.81B$3.07B$3.47B$3.75B$4.23B$4.47B$4.51B
Gross profit$1.79B$2.18B$2.47B$2.75B$2.92B$3.16B$3.51B$3.96B$4.28B$4.71B
Operating income$618.74M$809.01M$977.38M$1.17B$1.05B$1.11B$1.20B$1.44B$1.33B$1.85B
Interest expense$392.16M$478.70M$521.49M$479.68M$406.47M$336.08M$356.34M$402.02M$457.00M$527.00M
Pre-tax income$159.86M$286.83M$433.04M$692.60M$516.23M$608.95M$829.00M$1.12B$975.00M$1.51B
Income tax$45.45M$53.85M$67.68M$185.35M$146.15M$109.22M$124.00M$155.00M$161.00M$160.00M
Net income$126.80M$232.98M$365.36M$507.45M$369.78M$500.19M$705.00M$969.00M$815.00M$1.35B
EBITDA$1.46B$1.85B$2.20B$2.45B$2.48B$2.76B$2.94B$3.29B$3.34B$3.90B
EPS (basic)$1.81$3.03$4.58$6.03$4.22$5.57$7.69$10.35$8.54$13.79
EPS (diluted)$1.79$3.00$4.56$5.99$4.18$5.53$7.67$10.31$8.50$13.76
Diluted shares70.82M77.53M80.20M84.68M88.41M90.41M91.83M94.01M95.83M98.12M
Gross margin49.6%49.8%48.6%49.5%48.7%47.7%48.4%48.4%48.9%51.1%
Operating margin17.1%18.5%19.3%21.0%17.6%16.7%16.5%17.6%15.2%20.0%
Net margin3.5%5.3%7.2%9.1%6.2%7.5%9.7%11.8%9.3%14.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$748.48M$1.41B$606.17M$1.87B$1.60B$1.54B$1.91B$2.10B$3.08B$1.73B
Short-term investments$3.41M$28.27M$4.54M$10.36M$4.53M$0—$0$527.00M$1.50B
Receivables$396.25M$576.31M$630.12M$689.13M$676.74M$681.81M$855.00M$1.00B$949.00M$1.00B
Total current assets$1.47B$2.25B$1.52B$2.87B$2.61B$2.96B$3.31B$3.57B$5.45B$5.12B
Goodwill$2.99B$4.41B$4.84B$4.78B$5.47B$5.37B$5.65B$5.74B$5.50B$5.98B
Total assets$12.61B$18.69B$20.24B$23.97B$27.01B$27.92B$30.31B$32.65B$35.09B$40.14B
Total current liabilities$1.03B$1.24B$1.52B$2.16B$2.02B$1.61B$1.84B$3.16B$3.35B$3.89B
Short-term debt———————$998.00M$1.20B$1.30B
Long-term debt$5.31B$8.47B$9.89B$10.40B$10.63B$11.72B$12.88B$13.84B$15.33B$16.91B
Total debt$5.31B$8.47B$9.89B$10.40B$10.63B$11.72B$12.88B$14.84B$16.53B$18.21B
Total liabilities$8.24B$11.84B$13.03B$15.13B$16.37B$17.04B$18.80B$20.14B$21.53B$25.96B
Shareholders' equity$4.37B$6.85B$7.22B$8.84B$10.63B$10.88B$11.51B$12.49B$13.53B$14.16B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.02B$1.44B$1.82B$1.99B$2.31B$2.55B$2.96B$3.22B$3.25B$3.91B
Capital expenditures$1.11B$1.38B$2.10B$2.08B$2.28B$2.75B$2.28B$2.78B$3.07B$4.31B
Free cash flow-$94.01M$60.51M-$280.75M-$86.79M$27.32M-$204.31M$685.00M$436.00M$183.00M-$400.00M
Investing cash flow-$2.05B-$5.40B-$3.08B-$1.94B-$3.43B-$3.01B-$3.36B-$3.22B-$3.94B-$6.48B
Financing cash flow-$897.07M$4.61B$470.91M$1.20B$815.53M$413.76M$857.00M$211.00M$1.72B$1.27B
Dividends paid$499.46M$621.50M$738.60M$836.16M$947.93M$1.04B$1.15B$1.38B$1.64B$1.86B
Share buybacks$0—————————
Stock-based compensation$155.57M$175.50M$180.72M$236.54M$294.95M$363.77M$404.00M$407.00M$462.00M$498.00M
Depreciation & amortization$837.21M$1.04B$1.23B$1.28B$1.42B$1.66B$1.74B$1.84B$2.01B$2.05B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.