Equinix Inc
EQIX- Exchange
- Nasdaq
- Industry
- Real Estate Investment Trusts
- SEC CIK
- 0001101239
In the last 90 days, Equinix Inc insiders filed 0 open-market purchases and 5 sales; 1,372 institutions reported holding it in 13F filings for Q2 2026, worth $100.2B in total; 3 superinvestors hold it, including Coatue Management and Elliott Investment Management.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 29, 2026, 1:13 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 14, 2024 | Feb 15, 2023 | Feb 16, 2022 |
| Revenue | $9.22B | $8.75B | $8.19B | $7.26B | $6.64B |
| Cost of revenue | $4.51B | $4.47B | $4.23B | $3.75B | $3.47B |
| Selling, general and administrative | $1.84B | $1.77B | $1.65B | $1.50B | $1.30B |
| Operating income | $1.85B | $1.33B | $1.44B | $1.20B | $1.11B |
| Interest expense | – | – | $402.0M | $356.3M | $336.1M |
| Income tax | $160.0M | $161.0M | $155.3M | $124.8M | $109.2M |
| Net income | $1.35B | $815.0M | $969.2M | $704.3M | $500.2M |
| EPS, basic | $13.79 | $8.54 | $10.35 | $7.69 | $5.57 |
| EPS, diluted | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 |
| Weighted shares, basic | 97.9M | 95.5M | 93.6M | 91.6M | 89.8M |
| Weighted shares, diluted | 98.1M | 95.8M | 94.0M | 91.8M | 90.4M |
| Margins and growth | |||||
| Operating margin | 20.0% | 15.2% | 17.6% | 16.5% | 16.7% |
| Net margin | 14.6% | 9.3% | 11.8% | 9.7% | 7.5% |
| Revenue growth, year over year | +5.4% | +6.8% | +12.7% | +9.5% | +10.6% |
| Net income growth, year over year | +65.6% | −15.9% | +37.6% | +40.8% | +35.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 14, 2024 | Feb 15, 2023 | Feb 16, 2022 |
| Cash and equivalents | $1.73B | $3.08B | $2.10B | $1.91B | $1.54B |
| Short-term investments | $1.50B | $527.0M | – | – | $0 |
| Accounts receivable | $1.00B | $949.0M | $1.00B | $855.4M | $681.8M |
| Total current assets | $5.13B | $5.45B | $3.57B | $3.31B | $2.96B |
| Property, plant and equipment | $23.6B | $19.2B | $18.6B | $16.6B | – |
| Goodwill | $5.98B | $5.50B | $5.74B | $5.65B | $5.37B |
| Intangible assets | $1.32B | $1.42B | $1.70B | $1.90B | $1.94B |
| Total assets | $40.1B | $35.1B | $32.7B | $30.3B | $27.9B |
| Accounts payable | $127.0M | $133.0M | $162.4M | $116.0M | $84.1M |
| Short-term debt | $1.30B | $1.20B | – | – | – |
| Total current liabilities | $3.89B | $3.35B | $3.16B | $1.84B | $1.61B |
| Long-term debt | – | $15.3B | $13.8B | $12.9B | $11.7B |
| Total liabilities | $26.0B | $21.5B | $20.1B | $18.8B | $17.0B |
| Shareholders' equity | $14.2B | $13.5B | $12.5B | $11.5B | $10.9B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 11, 2026 | Feb 12, 2025 | Feb 14, 2024 | Feb 15, 2023 | Feb 16, 2022 |
| Operating cash flow | $3.91B | $3.25B | $3.22B | $2.96B | $2.55B |
| Capital expenditures | $4.31B | $3.07B | $2.78B | $2.28B | $2.75B |
| Free cash flow | -$400.0M | $183.0M | $435.6M | $685.2M | -$204.3M |
| Depreciation and amortization | $2.05B | $2.01B | $1.85B | $1.74B | $1.66B |
| Stock-based compensation | $498.0M | $462.0M | $407.5M | $404.0M | $363.8M |
| Dividends paid | $1.86B | $1.64B | $1.37B | $1.15B | $1.04B |
| Investing cash flow | -$6.48B | -$3.94B | -$3.22B | -$3.36B | -$3.01B |
| Financing cash flow | $1.27B | $1.72B | $211.4M | $856.8M | $413.8M |
| Net change in cash | -$1.26B | $986.0M | $188.1M | $358.8M | -$76.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 5.4% | 5.3% | 5.0% | 5.6% | 5.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.