Revenue
2.57 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 2571000000 USD Source
Fundies. English
EQUINIX, INC.
EDGARAnnual consolidated revenue for 2025: about USD 9.217B, using the latest reported figures. The previous period, 2024, was about USD 8.748B.
Latest quarter
Operating margin
23.34%
2026 Q3 · %
Operating cash flow
1.24 billion USD
2026 Q3 · USD
- Cash and cash equivalents
- 2.36 billion USD Source
Exact value
2362000000 USD
- Long-term debt including current maturities
- 22.8 billion USD Source
Exact value
22839000000 USD
- Shares outstanding
- 99 million shares Source
Exact value
98988000 shares
Reported share-count change
0.82% · 801 thousand shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
10.1 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Net income
1.65 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
4.17 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 3911000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 2767000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 717000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 1784000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 717000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 3027000000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 1784000000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-28.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 10 of 11 periods available· newest 2024-12-31
- Shares outstanding: 11 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+5.4%Prior period
USD 8.75 billion
–
Current period
USD 9.22 billion
–
Exact inputs and evidence
9217000000 − 8748000000 = 469000000 USD
8748000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source9217000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+65.6%Prior period
USD 815 million
–
Current period
USD 1.35 billion
–
Exact inputs and evidence
1350000000 − 815000000 = 535000000 USD
815000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1350000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+20.4%Prior period
USD 3.25 billion
–
Current period
USD 3.91 billion
–
Exact inputs and evidence
3911000000 − 3249000000 = 662000000 USD
3249000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3911000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 9.22 billion 100% of revenue
- Operating costs Derived USD 7.37 billion 80% of revenue
- Operating income USD 1.85 billion 20% of revenue
- Tax, interest and other Derived USD 498 million 5.4% of revenue
- Net income USD 1.35 billion 15% of revenue
Cash
- Operating cash flow USD 3.91 billion 42% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 14%83%
- 2017 13%81%
- 2018 12%81%
- 2019 9.1%12%79%
- 2020 11%82%
- 2021 9.2%83%
- 2022 9.7%83%
- 2023 12%82%
- 2024 9.3%85%
- 2025 15%80%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 3611989000 | 2993250000 Derived | 618739000 | 491939000 Derived | 126800000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 4368428000 | 3559414000 Derived | 809014000 | 576032000 Derived | 232982000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 5071654000 | 4094271000 Derived | 977383000 | 612024000 Derived | 365359000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 5562140000 | 4392509000 Derived | 1169631000 | 662181000 Derived | 507450000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 5998545000 | 4945617000 Derived | 1052928000 | 683151000 Derived | 369777000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 6635537000 | 5527375000 Derived | 1108162000 | 607971000 Derived | 500191000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 7263000000 | 6063000000 Derived | 1200000000 | 495000000 Derived | 705000000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 8188000000 | 6745000000 Derived | 1443000000 | 474000000 Derived | 969000000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 8748000000 | 7420000000 Derived | 1328000000 | 513000000 Derived | 815000000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 9217000000 | 7369000000 Derived | 1848000000 | 498000000 Derived | 1350000000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 9.2B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 3611989000 |
|
| 2017 | Revenue | 4368428000 |
|
| 2018 | Revenue | 5071654000 |
|
| 2019 | Revenue | 5562140000 |
|
| 2020 | Revenue | 5998545000 |
|
| 2021 | Revenue | 6635537000 |
|
| 2022 | Revenue | 7263000000 |
|
| 2023 | Revenue | 8188000000 |
|
| 2024 | Revenue | 8748000000 |
|
| 2025 | Revenue | 9217000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
5.4% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 32.5% |
|
| 2017 | Year over year | 20.9% |
|
| 2018 | Year over year | 16.1% |
|
| 2019 | Year over year | 9.7% |
|
| 2020 | Year over year | 7.8% |
|
| 2021 | Year over year | 10.6% |
|
| 2022 | Year over year | 9.5% |
|
| 2023 | Year over year | 12.7% |
|
| 2024 | Year over year | 6.8% |
|
| 2025 | Year over year | 5.4% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 20% 2025
Net margin 14.6% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 17.1% |
|
| 2017 | Operating margin | 18.5% |
|
| 2018 | Operating margin | 19.3% |
|
| 2019 | Operating margin | 21% |
|
| 2020 | Operating margin | 17.6% |
|
| 2021 | Operating margin | 16.7% |
|
| 2022 | Operating margin | 16.5% |
|
| 2023 | Operating margin | 17.6% |
|
| 2024 | Operating margin | 15.2% |
|
| 2025 | Operating margin | 20% |
|
| 2016 | Net margin | 3.5% |
|
| 2017 | Net margin | 5.3% |
|
| 2018 | Net margin | 7.2% |
|
| 2019 | Net margin | 9.1% |
|
| 2020 | Net margin | 6.2% |
|
| 2021 | Net margin | 7.5% |
|
| 2022 | Net margin | 9.7% |
|
| 2023 | Net margin | 11.8% |
|
| 2024 | Net margin | 9.3% |
|
| 2025 | Net margin | 14.6% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 3.9B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 1019353000 |
|
| 2017 | Operating cash flow | 1439233000 |
|
| 2018 | Operating cash flow | 1815426000 |
|
| 2019 | Operating cash flow | 1992728000 |
|
| 2020 | Operating cash flow | 2309826000 |
|
| 2021 | Operating cash flow | 2547206000 |
|
| 2022 | Operating cash flow | 2963000000 |
|
| 2023 | Operating cash flow | 3217000000 |
|
| 2024 | Operating cash flow | 3249000000 |
|
| 2025 | Operating cash flow | 3911000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
64.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 65.4% |
|
| 2017 | Liabilities / assets | 63.4% |
|
| 2018 | Liabilities / assets | 64.3% |
|
| 2019 | Liabilities / assets | 63.1% |
|
| 2020 | Liabilities / assets | 60.6% |
|
| 2021 | Liabilities / assets | 61% |
|
| 2022 | Liabilities / assets | 62% |
|
| 2023 | Liabilities / assets | 61.7% |
|
| 2024 | Liabilities / assets | 61.4% |
|
| 2025 | Liabilities / assets | 64.7% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.32× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.43× |
|
| 2017 | Current assets / current liabilities | 1.81× |
|
| 2018 | Current assets / current liabilities | 1× |
|
| 2019 | Current assets / current liabilities | 1.33× |
|
| 2020 | Current assets / current liabilities | 1.29× |
|
| 2021 | Current assets / current liabilities | 1.84× |
|
| 2022 | Current assets / current liabilities | 1.8× |
|
| 2023 | Current assets / current liabilities | 1.13× |
|
| 2024 | Current assets / current liabilities | 1.63× |
|
| 2025 | Current assets / current liabilities | 1.32× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 126.8 million Exact valueExact value: 126800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.02 billion Exact valueExact value: 1019353000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 232.98 million Exact valueExact value: 232982000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.44 billion Exact valueExact value: 1439233000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 365.36 million Exact valueExact value: 365359000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.82 billion Exact valueExact value: 1815426000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 507.45 million Exact valueExact value: 507450000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.99 billion Exact valueExact value: 1992728000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 369.78 million Exact valueExact value: 369777000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.31 billion Exact valueExact value: 2309826000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 500.19 million Exact valueExact value: 500191000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.55 billion Exact valueExact value: 2547206000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 705 million Exact valueExact value: 705000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.96 billion Exact valueExact value: 2963000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 969 million Exact valueExact value: 969000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.22 billion Exact valueExact value: 3217000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 815 million Exact valueExact value: 815000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.25 billion Exact valueExact value: 3249000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 1.35 billion Exact valueExact value: 1350000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.91 billion Exact valueExact value: 3911000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
339 filings · 10,233 latest values · 10,233 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001101239, 1101239, EQIX, edgar:1101239, eqix
Also known as EQUINIX INC, EQUINIX, INC.