8-K Announcements
6Apr 29, 2026·SEC
Mar 10, 2026·SEC
Mar 5, 2026·SEC
Equinix, Inc. (EQIX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Equinix, Inc. (EQIX) stock price & volume — 10-year historical chart
Equinix, Inc. (EQIX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Equinix, Inc. (EQIX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $4.20vs $4.30-2.3% | $2.4Bvs $2.5B-2.8% |
| Q1 2026 | Feb 11, 2026 | $2.70vs $3.71-27.2% | $2.4Bvs $2.5B-1.6% |
| Q4 2025 | Oct 29, 2025 | $9.83vs $9.26+6.2% | $2.3Bvs $2.5B-5.8% |
| Q3 2025 | Jul 30, 2025 | $9.91vs $9.19+7.8% | $2.3Bvs $2.3B-0.1% |
Equinix, Inc. (EQIX) competitors in Digital Infrastructure REITs — business model, growth, and fundamentals comparison
Equinix, Inc. (EQIX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Equinix, Inc. (EQIX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.37B | 5.07B | 5.56B | 6B | 6.64B | 7.26B | 8.19B | 8.75B | 9.26B | 9.46B |
| Revenue Growth % | 20.94% | 16.1% | 9.67% | 7.85% | 10.62% | 9.46% | 12.74% | 6.84% | 5.85% | 6.92% |
| Property Operating Expenses | 2.19B | 2.61B | 2.81B | 3.07B | 3.47B | 3.75B | 4.23B | 4.47B | 4.51B | 4.61B |
| Net Operating Income (NOI) | 2.18B▲ 0% | 2.47B▲ 13.4% | 2.75B▲ 11.6% | 2.92B▲ 6.3% | 3.16B▲ 8.2% | 3.51B▲ 11.0% | 3.96B▲ 12.8% | 4.28B▲ 8.1% | 4.75B▲ 11.0% | 4.85B▲ 0% |
| NOI Margin % | 49.8% | 48.63% | 49.48% | 48.75% | 47.67% | 48.36% | 48.36% | 48.94% | 51.32% | 51.26% |
| Operating Expenses | 1.37B | 1.49B | 1.58B | 1.87B | 2.05B | 2.31B | 2.52B | 2.95B | 2.9B | 2.88B |
| G&A Expenses | 1.33B | 1.46B | 1.59B | 1.81B | 2.04B | 2.29B | 2.51B | 2.66B | 2.75B | 2.76B |
| EBITDA | 1.85B | 2.2B | 2.45B | 2.48B | 2.76B | 2.94B | 3.29B | 3.34B | 3.91B | 4.1B |
| EBITDA Margin % | 42.38% | 43.47% | 44.13% | 41.28% | 41.66% | 40.44% | 40.16% | 38.15% | 42.27% | 43.33% |
| Depreciation & Amortization | 1.04B | 1.23B | 1.28B | 1.42B | 1.66B | 1.74B | 1.84B | 2.01B | 2.07B | 2.13B |
| D&A / Revenue % | 23.86% | 24.2% | 23.1% | 23.73% | 24.96% | 23.92% | 22.53% | 22.97% | 22.31% | 22.53% |
| Operating Income | 809.01M▲ 0% | 977.38M▲ 20.8% | 1.17B▲ 19.7% | 1.05B▼ 10.0% | 1.11B▲ 5.2% | 1.2B▲ 8.3% | 1.44B▲ 20.3% | 1.33B▼ 8.0% | 1.85B▲ 39.2% | 1.97B▲ 0% |
| Operating Margin % | 18.52% | 19.27% | 21.03% | 17.55% | 16.7% | 16.52% | 17.62% | 15.18% | 19.96% | 20.8% |
| Interest Expense | 478.7M | 521.49M | 479.68M | 406.47M | 336.08M | 356M | 402M | 457M | 569M | 4M |
| Interest Coverage | 1.60x | 1.83x | 2.44x | 2.27x | 2.81x | 3.33x | 3.80x | 3.13x | 3.53x | - |
| Non-Operating Income | 43.48M | 22.85M | -2.65M | 130.24M | 163.13M | 15M | -83M | -104M | -158M | -202M |
| Pretax Income | 286.83M▲ 0% | 433.04M▲ 51.0% | 692.6M▲ 59.9% | 516.23M▼ 25.5% | 608.95M▲ 18.0% | 829M▲ 36.1% | 1.12B▲ 35.6% | 975M▼ 13.3% | 1.51B▲ 54.7% | 1.59B▲ 0% |
| Pretax Margin % | 6.57% | 8.54% | 12.45% | 8.61% | 9.18% | 11.41% | 13.73% | 11.15% | 16.29% | 16.78% |
| Income Tax | 53.85M | 67.68M | 185.35M | 146.15M | 109.22M | 124M | 155M | 161M | 160M | 167M |
| Effective Tax Rate % | 18.77% | 15.63% | 26.76% | 28.31% | 17.94% | 14.96% | 13.79% | 16.51% | 10.61% | 10.52% |
| Net Income | 232.98M▲ 0% | 365.36M▲ 56.8% | 507.45M▲ 38.9% | 369.78M▼ 27.1% | 500.19M▲ 35.3% | 704.35M▲ 40.8% | 969.18M▲ 37.6% | 815M▼ 15.9% | 1.35B▲ 65.6% | 1.42B▲ 0% |
| Net Margin % | 5.33% | 7.2% | 9.12% | 6.16% | 7.54% | 9.7% | 11.84% | 9.32% | 14.58% | 15.03% |
| Net Income Growth % | 83.74% | 56.82% | 38.89% | -27.13% | 35.27% | 40.82% | 37.6% | -15.91% | 65.64% | 53.4% |
| Funds From Operations (FFO) | 1.28B▲ 0% | 1.59B▲ 24.9% | 1.79B▲ 12.5% | 1.79B▲ 0.0% | 2.16B▲ 20.3% | 2.44B▲ 13.2% | 2.81B▲ 15.3% | 2.82B▲ 0.3% | 3.42B▲ 21.0% | 3.55B▲ 0% |
| FFO Margin % | 29.2% | 31.41% | 32.22% | 29.89% | 32.5% | 33.61% | 34.37% | 32.28% | 36.89% | 37.57% |
| FFO Growth % | 32.31% | 24.88% | 12.52% | 0.05% | 20.26% | 13.21% | 15.27% | 0.35% | 20.96% | 109.89% |
| FFO per Share | 16.45 | 19.86 | 21.17 | 20.28 | 23.85 | 26.59 | 29.94 | 29.47 | 34.81 | 35.99 |
| FFO Payout Ratio % | 48.73% | 46.37% | 46.65% | 52.86% | 48.36% | 47.16% | 48.83% | 58.18% | 54.33% | 53.67% |
| EPS (Diluted) | 3.00▲ 0% | 4.56▲ 52.0% | 5.99▲ 31.4% | 4.18▼ 30.2% | 5.53▲ 32.3% | 7.67▲ 38.7% | 10.31▲ 34.4% | 8.50▼ 17.6% | 13.76▲ 61.9% | 14.40▲ 0% |
| EPS Growth % | 67.6% | 52% | 31.36% | -30.22% | 32.3% | 38.7% | 34.42% | -17.56% | 61.88% | 50.21% |
| EPS (Basic) | 3.03 | 4.58 | 6.03 | 4.22 | 5.57 | 7.69 | 10.35 | 8.54 | 13.79 | - |
| Diluted Shares Outstanding | 77.53M | 80.2M | 84.68M | 88.41M | 90.41M | 91.83M | 94.01M | 95.83M | 98.12M | 98.73M |
Equinix, Inc. (EQIX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 18.7B | 20.24B | 23.97B | 27.04B | 27.92B | 30.31B | 32.65B | 35.09B | 40.14B | 40.9B |
| Asset Growth % | 48.28% | 8.28% | 18.38% | 12.82% | 3.25% | 8.57% | 7.72% | 7.45% | 14.41% | 53.41% |
| Real Estate & Other Assets | 175.72M | 464.95M | 485.25M | 546.55M | 621.2M | 983.36M | 1.06B | 1.48B | 2.19B | 2.69B |
| PP&E (Net) | 9.39B | 11.03B | 13.63B | 15.98B | 16.73B | 18.08B | 20.05B | 20.67B | 24.98B | 25.51B |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 2.25B | 1.52B | 2.87B | 2.61B | 2.96B | 3.31B | 3.57B | 5.45B | 5.13B | 5.35B |
| Cash & Equivalents | 1.41B | 606.17M | 1.87B | 1.6B | 1.54B | 1.91B | 2.1B | 3.08B | 1.73B | 1.36B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 48.44M | 83.79M | 247.59M | 261.59M | 420.97M | 204.54M | 69M | 368M | 897M | 1.18B |
| Intangible Assets | 2.38B | 2.33B | 2.1B | 2.17B | 1.94B | 1.9B | 1.71B | 1.42B | 1.32B | 1.26B |
| Total Liabilities | 11.84B | 13.03B | 15.13B | 16.37B | 17.04B | 18.8B | 20.14B | 21.53B | 25.96B | 26.6B |
| Total Debt | 10.08B | 11.33B | 13.29B | 13.92B | 14.99B | 16.47B | 17.45B | 18.96B | 22.73B | 23.31B |
| Net Debt | 8.67B | 10.73B | 11.42B | 12.32B | 13.46B | 14.56B | 15.36B | 15.88B | 21B | 21.95B |
| Long-Term Debt | 8.32B | 9.44B | 9.6B | 10.31B | 11.57B | 12.75B | 12.72B | 14.01B | 17.6B | 17.71B |
| Short-Term Borrowings | 64.49M | 374.13M | 720.83M | 232.47M | 33.09M | 9.85M | 1.01B | 1.2B | 1.32B | 1.88B |
| Capital Lease Obligations | 1.7B | 1.52B | 2.97B | 3.39B | 3.39B | 3.71B | 3.72B | 3.75B | 3.81B | 15.24B |
| Total Current Liabilities | 1.24B | 1.52B | 2.16B | 2.02B | 1.61B | 1.84B | 3.16B | 3.35B | 3.89B | 4.54B |
| Accounts Payable | 101.74M | 96.98M | 52.23M | 77.7M | 84.08M | 115.95M | 162M | 133M | 127M | 1.32B |
| Deferred Revenue | 103.9M | 93.57M | 92.9M | 118.37M | 126.12M | 147.99M | 141M | 139M | 149M | 0 |
| Other Liabilities | 277.32M | 372.24M | 365.24M | 657.54M | 421.59M | 254.17M | 248M | 271M | 446M | 968M |
| Total Equity | 6.85B▲ 0% | 7.22B▲ 5.4% | 8.84B▲ 22.5% | 10.63B▲ 20.3% | 10.88B▲ 2.3% | 11.51B▲ 5.7% | 12.51B▲ 8.8% | 13.55B▲ 8.3% | 14.18B▲ 4.6% | 14.29B▲ 0% |
| Equity Growth % | 56.9% | 5.39% | 22.46% | 20.29% | 2.33% | 5.73% | 8.76% | 8.29% | 4.62% | 26.2% |
| Shareholders Equity | 6.85B | 7.22B | 8.84B | 10.63B | 10.88B | 11.51B | 12.49B | 13.53B | 14.16B | 14.3B |
| Minority Interest | 0 | 0 | -224K | 130K | -318K | -134K | 25M | 24M | 22M | -3M |
| Common Stock | 79K | 81K | 86K | 89K | 91K | 93K | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 10.12B | 10.75B | 12.7B | 15.03B | 15.98B | 17.32B | 18.6B | 20.89B | 21.64B | 21.86B |
| Retained Earnings | -2.34B | -2.44B | -2.78B | -3.36B | -3.9B | -4.35B | -4.76B | -5.59B | -6.1B | 6.51B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.49% | 1.88% | 2.3% | 1.45% | 1.82% | 2.42% | 3.08% | 2.41% | 3.59% | 3.6% |
| Return on Equity (ROE) | 4.15% | 5.19% | 6.32% | 3.8% | 4.65% | 6.29% | 8.07% | 6.25% | 9.74% | 10.02% |
| Debt / Assets | 53.92% | 55.98% | 55.44% | 51.49% | 53.7% | 54.34% | 53.46% | 54.04% | 56.62% | 56.99% |
| Debt / Equity | 1.47x | 1.57x | 1.50x | 1.31x | 1.38x | 1.43x | 1.39x | 1.40x | 1.60x | 1.60x |
| Net Debt / EBITDA | 4.68x | 4.86x | 4.65x | 4.97x | 4.87x | 4.96x | 4.67x | 4.76x | 5.37x | 5.37x |
| Book Value per Share | 88.34 | 90.02 | 104.40 | 120.28 | 120.36 | 125.30 | 133.11 | 141.42 | 144.49 | 144.79 |
Equinix, Inc. (EQIX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.44B | 1.82B | 1.99B | 2.31B | 2.55B | 2.96B | 3.22B | 3.25B | 3.91B | 3.91B |
| Operating CF Growth % | 41.19% | 26.14% | 9.77% | 15.91% | 10.28% | 16.33% | 8.55% | 1.01% | 20.38% | 42.53% |
| Operating CF / Revenue % | 32.95% | 35.8% | 35.83% | 38.51% | 38.39% | 40.8% | 39.28% | 37.14% | 42.24% | 41.35% |
| Net Income | 232.98M | 365.36M | 507.25M | 370.07M | 499.73M | 704.58M | 969.18M | 814M | 1.35B | 1.42B |
| Depreciation & Amortization | 1.03B | 1.23B | 1.29B | 1.43B | 1.66B | 1.74B | 1.84B | 2.01B | 2.07B | 2.13B |
| Stock-Based Compensation | 175.5M | 180.72M | 236.54M | 294.95M | 363.77M | 403.98M | 407.54M | 462M | 498M | 513M |
| Other Non-Cash Items | 32.42M | 41.26M | 32.66M | 33.81M | 51.63M | 88.77M | 71.54M | 304M | 100M | 113M |
| Working Capital Changes | -96.33M | -44.02M | -93.32M | 32.17M | -132.73M | 26.48M | -75.32M | -340M | -101M | -358M |
| Cash from Investing | -5.4B | -3.08B | -1.94B | -3.43B | -3.01B | -3.36B | -3.22B | -3.94B | -6.48B | -6.98B |
| Acquisitions (Net) | -3.96B | -829.69M | -34.14M | -1.18B | -158.5M | -964.01M | 0 | 0 | -251M | -311M |
| Purchase of Investments | -57.93M | -65.18M | -20.52M | -127.76M | -107.53M | -144.64M | -135.88M | -520M | -2.03B | -2.71B |
| Sale of Investments | 46.42M | 85.78M | 40.39M | 29.35M | 4.06M | 22.07M | 0 | 0 | 1B | 1.6B |
| Other Investing | -47.32M | -170.26M | 149.23M | 134.22M | 6.75M | 1.63M | -307.46M | -3.42B | -5.21B | -2.87B |
| Cash from Financing | 4.61B | 470.91M | 1.2B | 815.53M | 413.76M | 856.77M | 211.45M | 1.72B | 1.27B | 1.61B |
| Dividends Paid | -621.5M | -738.6M | -836.16M | -947.93M | -1.04B | -1.15B | -1.37B | -1.64B | -1.86B | -1.91B |
| Common Dividends | -621.5M | -738.6M | -836.16M | -947.93M | -1.04B | -1.15B | -1.37B | -1.64B | -1.86B | -1.91B |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -66.37M | 18.09M | -66.65M | -153.94M | -124.29M | 63.81M | 104.92M | 72M | -22M | 20M |
| Net Change in Cash | 677.45M▲ 0% | -823.1M▼ 221.5% | 1.26B▲ 253.0% | -260.92M▼ 120.7% | -76.24M▲ 70.8% | 358.79M▲ 570.6% | 188.06M▼ 47.6% | 986M▲ 424.3% | -1.26B▼ 227.6% | -1.54B▲ 0% |
| Exchange Rate Effect | 31.19M | -33.91M | 8.77M | 40.7M | -30.47M | -98.2M | -15.62M | -49M | 43M | 17M |
| Cash at Beginning | 773.25M | 1.45B | 627.6M | 1.89B | 1.63B | 1.55B | 1.91B | 2.1B | 3.08B | 1.82B |
| Cash at End | 1.45B | 627.6M | 1.89B | 1.63B | 1.55B | 1.91B | 2.1B | 3.08B | 1.82B | 1.43B |
| Free Cash Flow | 60.51M▲ 0% | -280.75M▼ 564.0% | -86.79M▲ 69.1% | 27.32M▲ 131.5% | -204.31M▼ 847.8% | 685.18M▲ 435.4% | 435.58M▼ 36.4% | 183M▼ 58.0% | -400M▼ 318.6% | 888M▲ 0% |
| FCF Growth % | 164.36% | -563.98% | 69.09% | 131.48% | -847.77% | 435.37% | -36.43% | -57.99% | -318.58% | 152.99% |
| FCF / Revenue % | 1.39% | -5.54% | -1.56% | 0.46% | -3.08% | 9.43% | 5.32% | 2.09% | -4.32% | 9.39% |
Equinix, Inc. (EQIX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 16.45 | 19.86 | 21.17 | 20.28 | 23.85 | 26.59 | 29.94 | 29.47 | 34.81 | 35.99 |
| FFO Payout Ratio | 48.73% | 46.37% | 46.65% | 52.86% | 48.36% | 47.16% | 48.83% | 58.18% | 54.33% | 53.67% |
| NOI Margin | 49.8% | 48.63% | 49.48% | 48.75% | 47.67% | 48.36% | 48.36% | 48.94% | 51.32% | 51.26% |
| Net Debt / EBITDA | 4.68x | 4.86x | 4.65x | 4.97x | 4.87x | 4.96x | 4.67x | 4.76x | 5.37x | 5.37x |
| Debt / Assets | 53.92% | 55.98% | 55.44% | 51.49% | 53.7% | 54.34% | 53.46% | 54.04% | 56.62% | 56.99% |
| Interest Coverage | 1.60x | 1.83x | 2.44x | 2.27x | 2.81x | 3.33x | 3.80x | 3.13x | 3.53x | - |
| Book Value / Share | 88.34 | 90.02 | 104.4 | 120.28 | 120.36 | 125.3 | 133.11 | 141.42 | 144.49 | 144.79 |
| Revenue Growth | 20.94% | 16.1% | 9.67% | 7.85% | 10.62% | 9.46% | 12.74% | 6.84% | 5.85% | 6.92% |
Equinix, Inc. (EQIX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Mar 10, 2026·SEC
Mar 5, 2026·SEC
Equinix, Inc. (EQIX) stock FAQ — growth, dividends, profitability & financials explained
Equinix, Inc. (EQIX) reported $9.46B in revenue for fiscal year 2025. This represents a 25493161% increase from $0.0M in 1999.
Equinix, Inc. (EQIX) grew revenue by 5.9% over the past year. This is steady growth.
Yes, Equinix, Inc. (EQIX) is profitable, generating $1.42B in net income for fiscal year 2025 (14.6% net margin).
Yes, Equinix, Inc. (EQIX) pays a dividend with a yield of 1.75%. This makes it attractive for income-focused investors.
Equinix, Inc. (EQIX) has a return on equity (ROE) of 9.7%. This is below average, suggesting room for improvement.
Equinix, Inc. (EQIX) generated Funds From Operations (FFO) of $3.55B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Equinix, Inc. (EQIX) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates