Equinix Inc (EQIX) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Equinix reported revenue of $9.22B, up 5.4% from $8.75B the year before. Net income was $1.35B (a 14.6% net margin), or $13.76 per diluted share. Gross margin was 51.1% and operating margin was 20.0%. Operating activities generated $3.91B of cash, leaving -$400.0M of free cash flow. At fiscal year end, Equinix held $40.14B in total assets against $25.96B in total liabilities, including $1.73B of cash and equivalents.
Open the full interactive Equinix financials → Quarterly statements, key ratios, valuation history and price charts.
Equinix Key Stats
| Share Price | $1,019.40 |
|---|---|
| Market Cap | $101.06B |
| P/E Ratio | 74.1 |
| Dividend Yield | 1.94% |
| Revenue YoY Growth | +5.4% |
| 52-Week Range | $715.18 – $1,110.63 |
| Shares Outstanding | 98.6 million (basic, 2026 Q2) |
Equinix Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $6.00B | $6.64B | $7.26B | $8.19B | $8.75B | $9.22B |
| Cost of Goods Sold | $4.95B | $5.53B | $6.06B | $6.74B | $7.42B | $7.37B |
| Gross Profit | $2.92B | $3.16B | $3.51B | $3.96B | $4.28B | $4.71B |
| Operating Income | $1.05B | $1.11B | $1.20B | $1.44B | $1.33B | $1.85B |
| Pre-Tax Income | $516.2M | $609.0M | $829.4M | $1.12B | $975.0M | $1.51B |
| Income Tax | $146.2M | $109.2M | $124.8M | $155.2M | $161.0M | $160.0M |
| Net Income | $369.8M | $500.2M | $704.3M | $969.2M | $815.0M | $1.35B |
| Diluted EPS | $4.18 | $5.53 | $7.67 | $10.31 | $8.50 | $13.76 |
Equinix Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.32B | $2.42B | $2.44B | $2.62B |
| Net Income | $374.0M | $265.0M | $415.0M | $479.0M |
| Diluted EPS | $3.81 | $2.70 | $4.20 | $4.83 |
Equinix Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.60B | $1.54B | $1.91B | $2.10B | $3.08B | $1.73B |
| Current Assets | $2.61B | $2.96B | $3.31B | $3.57B | $5.45B | $5.12B |
| Total Assets | $27.01B | $27.92B | $30.31B | $32.65B | $35.09B | $40.14B |
| Current Liabilities | $2.02B | $1.61B | $1.84B | $3.16B | $3.35B | $3.89B |
| Total Long-Term Debt | $10.63B | $11.72B | $12.88B | $13.84B | $15.33B | $18.89B |
| Total Liabilities | $16.37B | $17.04B | $18.80B | $20.14B | $21.53B | $25.96B |
| Shareholders' Equity | $10.63B | $10.88B | $11.51B | $12.49B | $13.53B | $14.16B |
Equinix Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.31B | $2.55B | $2.96B | $3.22B | $3.25B | $3.91B |
| Cash From Investing | -$3.43B | -$3.01B | -$3.36B | -$3.22B | -$3.94B | -$6.48B |
| Cash From Financing | $815.5M | $413.8M | $856.8M | $211.4M | $1.72B | $1.27B |
| Free Cash Flow | — | -$204.3M | $685.2M | $435.6M | $183.0M | -$400.0M |
| Dividends Paid | $947.9M | $1.04B | $1.15B | $1.37B | $1.64B | $1.86B |
Figures from Equinix's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Equinix financials page for every line item.
Equinix Company Profile
| Ticker | EQIX |
|---|---|
| Exchange | Nasdaq |
| Industry | Real Estate Investment Trusts |
| Headquarters | Redwood City, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001101239 |
Frequently Asked Questions
What was Equinix's revenue in fiscal 2025?
Equinix (EQIX) reported revenue of $9.22B for fiscal 2025.
What is Equinix's annual revenue history?
Equinix's annual revenue by fiscal year: 2020: $6.00B; 2021: $6.64B; 2022: $7.26B; 2023: $8.19B; 2024: $8.75B; 2025: $9.22B.
What was Equinix's net income in fiscal 2025?
Equinix reported net income of $1.35B for fiscal 2025.
What was Equinix's earnings per share (EPS) in fiscal 2025?
Equinix's diluted EPS was $13.76 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Equinix generate in fiscal 2025?
Equinix generated -$400.0M of free cash flow in fiscal 2025.
What was Equinix's revenue last quarter?
In its most recent reported quarter (2026 Q2), Equinix reported revenue of $2.62B.
How much debt does Equinix have?
Equinix reported $18.89B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Equinix are outstanding?
Equinix reported a weighted average of 98.6 million basic shares outstanding in 2026 Q2.
What is Equinix's market cap?
Based on its latest closing price, Equinix (EQIX) has a market capitalization of about $101.06B.
When does Equinix's fiscal year end?
Equinix's fiscal year end, as registered with the SEC, is December 31.
Where is Equinix headquartered?
Equinix lists its business address in Redwood City, California in its SEC filings.