Equinix, Inc. Common Stock REIT financials
$1,015.27+0.42%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.22B | $8.75B | $8.19B | $7.26B | $6.64B | $6.00B | $5.56B | $5.07B | $4.37B | $3.61B |
| Gross profit | $4.71B | $4.28B | $3.96B | $3.51B | $3.16B | $2.92B | $2.75B | $2.47B | $2.18B | $1.79B |
| Gross margin | 51.1% | 48.9% | 48.4% | 48.4% | 47.7% | 48.7% | 49.5% | 48.6% | 49.8% | 49.6% |
| Operating income | $1.85B | $1.31B | $1.44B | $1.23B | $1.12B | $1.05B | $1.13B | $971.4M | $809.0M | $585.9M |
| Net income | $1.35B | $815.0M | $969.0M | $705.0M | $500.2M | $369.8M | $507.4M | $365.4M | $233.0M | $126.8M |
| Net margin | 14.6% | 9.3% | 11.8% | 9.7% | 7.5% | 6.2% | 9.1% | 7.2% | 5.3% | 3.5% |
| Diluted EPS | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 | $4.18 | $5.99 | $4.56 | $3.00 | $1.79 |
| EBITDA | $4.03B | $3.63B | $3.29B | $2.96B | $2.78B | $2.54B | $2.45B | $2.23B | $1.89B | $1.50B |
| Operating cash flow | $3.91B | $3.25B | $3.22B | $2.96B | $2.55B | $2.31B | $1.99B | $1.82B | $1.44B | $1.02B |
| Free cash flow | -$400.0M | $183.0M | $436.0M | $685.0M | -$204.3M | $27.3M | -$86.8M | -$280.7M | $60.5M | -$94.0M |
| Diluted shares | 98.1M | 95.8M | 94.0M | 91.8M | 90.4M | 88.4M | 84.7M | 80.2M | 77.5M | 70.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.73B | $3.08B | $2.10B | $1.91B | $1.54B | $1.60B |
| Short-term investments | $1.50B | $527.0M | $0.00 | $0.00 | — | $4.5M |
| Total debt | $21.27B | $17.49B | $15.99B | $15.06B | $13.74B | $12.46B |
| Total assets | $40.14B | $35.09B | $32.65B | $30.31B | $27.92B | $27.01B |
| Total liabilities | $25.96B | $21.53B | $20.14B | $18.80B | $17.04B | $16.37B |
| Shareholders' equity | $14.15B | $13.53B | $12.49B | $11.51B | $10.88B | $10.63B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology