Equinix Inc (EQIX)

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.

Symbol: EQIX
Exchange: Nasdaq
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $101.21B
52 week range: 720.62 - 1128.68

Valuation

Share price: $1025.72 (close of 2026-10-02)
P/E (TTM): 65.79x
Price to book: 7.04x
Price to free cash flow: 887.80x
Enterprise value: $122.34B
Book value per share: $145.67

Price performance

Period	Change
1 day	+1.32%
5 days	+1.75%
1 month	+0.64%
3 months	+2.37%
6 months	+2.53%
Year to date	+33.88%
1 year	+32.76%
3 years	+43.92%
5 years	+29.95%
10 years	+184.72%
All time	+144.22%

Members of Congress who disclosed EQIX trades

Julie Johnson · Ritchie Torres · Greg Landsman · Michael Rulli

Super investors holding EQIX

Philippe Laffont (Coatue Management) · Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers) · Stanley Druckenmiller (Duquesne Family Office) · Ray Dalio (Bridgewater Associates) · First Eagle Investment (First Eagle Investment Management, LLC)

Profitability and growth

Return on equity: 9.54%
Return on invested capital: 5.02%
Return on assets: 3.36%
Return on capital employed: 5.10%
Gross margin: 51.09%
Net margin: 14.65%
EBITDA margin: 42.47%
Revenue growth: 5.36%
Net income growth: 65.64%
Free cash flow growth: -318.58%

Cash flow and balance sheet

Free cash flow yield (TTM): 0.11%
Current ratio: 1.13x
Net debt to EBITDA: 4.74x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $9.22B
Cost of revenue: $4.51B
Gross profit: $4.71B
EBITDA: $3.91B
Net income: $1.35B
Earnings per share: $13.79
Shares outstanding: 97.88M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$9.22B	$4.71B	$1.35B	$13.79
2024-12-31	$8.75B	$4.28B	$815.00M	$8.54
2023-12-31	$8.19B	$3.96B	$969.00M	$10.35
2022-12-31	$7.26B	$3.51B	$705.00M	$7.69
2021-12-31	$6.64B	$3.16B	$500.19M	$5.57
2020-12-31	$6.00B	$2.92B	$369.78M	$4.22
2019-12-31	$5.56B	$2.75B	$507.45M	$6.03
2018-12-31	$5.07B	$2.47B	$365.36M	$4.58
2017-12-31	$4.37B	$2.18B	$232.98M	$3.03
2016-12-31	$3.61B	$1.79B	$126.80M	$1.81

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	51.09%	14.65%	9.54%	5.02%
2024-12-31	48.94%	9.32%	6.02%	4.04%
2023-12-31	48.36%	11.83%	7.76%	4.63%
2022-12-31	48.35%	9.71%	6.13%	4.13%
2021-12-31	47.67%	7.54%	4.60%	4.08%
2020-12-31	48.75%	6.16%	3.48%	3.93%
2019-12-31	49.48%	9.12%	5.74%	4.84%
2018-12-31	48.63%	7.20%	5.06%	4.74%
2017-12-31	49.80%	5.33%	3.40%	5.44%
2016-12-31	49.59%	3.51%	2.90%	6.42%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$3.23B	-
2024-12-31	$3.61B	$15.33B
2023-12-31	$2.10B	$13.84B
2022-12-31	$1.91B	$12.88B
2021-12-31	$1.54B	$11.72B
2020-12-31	$1.61B	$10.63B
2019-12-31	$1.88B	$10.40B
2018-12-31	$610.71M	$9.89B
2017-12-31	$1.44B	$8.47B
2016-12-31	$751.88M	$5.31B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$400.00M	$498.00M
2024-12-31	$183.00M	$462.00M
2023-12-31	$436.00M	$407.00M
2022-12-31	$685.00M	$404.00M
2021-12-31	-$204.31M	$363.77M
2020-12-31	$27.32M	$294.95M
2019-12-31	-$86.79M	$236.54M
2018-12-31	-$280.75M	$180.72M
2017-12-31	$60.51M	$175.50M
2016-12-31	-$94.01M	$155.57M

Dividend history

Most recent payment: 2026-08-19
Paid in the last twelve months: $20.17

Payment date	Dividend per share
2026-08-19	$5.16
2026-05-20	$5.16
2026-02-25	$5.16
2025-11-19	$4.69
2025-08-20	$4.69
2025-05-21	$4.69
2025-02-26	$4.69
2024-11-13	$4.26

Investor relations

Next earnings report

Next confirmed report: 2026-10-28
Consensus EPS estimate: $9.28

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$10.14
2026-04-29	Mar/2026	$9.85
2026-02-11	Dec/2025	$8.04
2025-10-29	Sep/2025	$8.20
2025-07-30	Jun/2025	$8.08
2025-04-30	Mar/2025	$8.00
2025-02-12	Dec/2024	$7.04
2024-10-30	Sep/2024	$7.70

Filings and sources

Company website: equinix.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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