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Equinix Inc EQIX

US equity
$1,041.53
+$3.87 (+0.37%)
Market open · Sep 24, 2:00 pm ET
After hours $1,037.66 0.00%
Open$1,039.49
Prev close$1,037.66
Day range$1,030.02 – $1,045.90
Volume148.2K
Market cap$102.39B
P/E (TTM)–
Dividend yield–

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$2.63B+16.4% YoY
Operating profit$694.00M+38.8% YoY
Net profit$477.00M+30.0% YoY
Diluted EPS$4.83+28.8% YoY
Free cash flow-$511.00M-1,035.6% YoY
Operating cash flow$1.07B

Revenue, last 8 quarters

$2.2BSep '24$2.3BDec '24$2.2BMar '25$2.3BJun '25$2.3BSep '25$2.4BDec '25$2.4BMar '26$2.6BJun '26

Net profit, last 8 quarters

$296.0MSep '24$-14.0MDec '24$343.0MMar '25$367.0MJun '25$374.0MSep '25$264.0MDec '25$415.0MMar '26$477.0MJun '26

Diluted EPS by quarter

3.10Sep '24-0.14Dec '243.50Mar '253.75Jun '253.81Sep '252.69Dec '254.20Mar '264.83Jun '26

Free cash flow by quarter

$34.0MSep '24$-6.0MDec '24$59.0MMar '25$-45.0MJun '25$-122.0MSep '25$-292.0MDec '25$-539.0MMar '26$-511.0MJun '26

Annual revenue

$6.0BFY20$6.6BFY21$7.3BFY22$8.2BFY23$8.7BFY24$9.2BFY25

Profitability & balance sheet

Gross margin51.5%
Operating margin23.0%
Net margin15.6%
Return on equity10.8%
Return on assets3.8%
Return on invested capital5.1%
Current ratio1.13
Liabilities / assets64.9%
Cash & investments$2.22B
Total debt$23.02B
Net cash (debt)-$20.80B

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Colocation$1.77B 67.5%
  • Interconnection$453.00M 17.3%
  • Non-recurring revenues$248.00M 9.4%
  • Managed infrastructure$112.00M 4.3%
  • Other$40.00M 1.5%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $2.63B $2.44B $9.22B $2.42B $2.32B
Total Operating Revenue $2.63B $2.44B $9.22B $2.42B $2.32B
Cost of Revenue $1.23B $1.19B $4.51B $1.20B $1.14B
Gross Profit $1.40B $1.26B $4.71B $1.22B $1.17B
Operating Expense $701.00M $685.00M $2.74B $715.00M $689.00M
Selling and Admin Expenses $701.00M $685.00M $2.74B $715.00M $689.00M
-Selling & Marketing Expense $239.00M $241.00M $903.00M $234.00M $219.00M
-General & Admin Expense $462.00M $444.00M $1.84B $481.00M $470.00M
Operating Profit $694.00M $573.00M $1.97B $507.00M $485.00M
Net Non-Operating Interest Income (Expense) -$115.00M -$107.00M -$334.00M -$101.00M -$75.00M
Non-Operating Interest Income $36.00M $41.00M $193.00M $41.00M $53.00M
Non-Operating Interest Expense $151.00M $148.00M $527.00M $142.00M $128.00M
Other Income (Expense) -$56.00M $5.00M -$124.00M -$94.00M -$11.00M
Special Income (Charges) -$28.00M $4.00M -$117.00M -$85.00M -$11.00M
-Less:Restructuring and Mergern & Acquisition $9.00M $14.00M $51.00M $22.00M $8.00M
-Less:Other Special Charges -$1.00M – -$1.00M $0.00 –
-Less:Write Off $17.00M $2.00M $68.00M $63.00M $4.00M
-Gain on Sale of Property/Plant/Equipment -$3.00M $20.00M $1.00M $0.00 $1.00M
Other Non-Operating Income (Expenses) -$28.00M $1.00M -$7.00M -$9.00M –
Pretax Profit $523.00M $471.00M $1.51B $312.00M $399.00M
Tax $46.00M $56.00M $160.00M $48.00M $25.00M
Net Profit $477.00M $415.00M $1.35B $264.00M $374.00M
Profit from Continuing Operations $477.00M $415.00M $1.35B $264.00M $374.00M
Minority Interests -$2.00M $0.00 -$2.00M -$1.00M $0.00
Net Income to Parent Company $479.00M $415.00M $1.35B $265.00M $374.00M
Net Income to Common Stockholders $479.00M $415.00M $1.35B $265.00M $374.00M
Basic EPS $4.86 $4.22 $13.79 $2.70 $3.82
Diluted EPS $4.83 $4.20 $13.76 $2.69 $3.81
Dividend Per Share $5.16 $5.16 $18.76 $4.69 $4.69

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $41.08B $40.90B $40.14B $40.14B $38.06B
Total Current Assets $4.32B $5.35B $5.13B $5.13B $4.97B
Cash and Cash Equivalents & Short-Term Investments $2.22B $3.05B $3.23B $3.23B $2.93B
-Cash and Cash Equivalents $979.00M $1.36B $1.73B $1.73B $2.08B
-Short Term Investments $1.25B $1.69B $1.50B $1.50B $854.00M
Receivables $1.26B $1.11B $1.42B $1.42B $1.14B
-Accounts Receivable $1.26B $1.11B $1.00B $1.00B $1.14B
Other Current Assets $842.00M $1.18B $106.00M $106.00M $891.00M
Total Non-Current Assets $36.75B $35.55B $35.02B $35.02B $33.09B
Net PPE $26.52B $25.51B $24.98B $24.98B $23.34B
-Gross PPE $26.52B $25.51B $38.36B $38.36B $23.34B
Goodwill and Other Intangible Assets $7.12B $7.19B $7.30B $7.30B $7.28B
-Goodwill $5.91B $5.93B $5.98B $5.98B $5.95B
-Other Intangible Assets $1.20B $1.26B $1.32B $1.32B $1.33B
Other Non-Current Assets $3.12B $2.85B $73.00M $73.00M $2.48B
Total Liabilities $26.68B $26.58B $25.96B $25.96B $23.88B
Total Current Liabilities $3.82B $4.54B $3.89B $3.89B $3.07B
Payables $1.26B $1.32B $380.00M $380.00M $1.28B
-Accounts Payable $1.26B $1.32B $127.00M $127.00M $1.28B
Current Accrued Expenses $723.00M $703.00M $1.08B $1.08B $482.00M
Short-Term Debt and Capital Lease Obligation $1.51B $2.23B $1.64B $1.64B $1.03B
-Current Debt $1.18B $1.89B $1.32B $1.32B $716.00M
-Current Capital Lease Obligation $332.00M $334.00M $323.00M $323.00M $316.00M
Other Current Liabilities $323.00M $288.00M $170.00M $170.00M $280.00M
Total Non-Current Liabilities $22.86B $22.04B $22.07B $22.07B $20.81B
Long Term Debt and Capital Lease Obligation $21.85B $21.11B $21.09B $21.09B $19.95B
-Long Term Debt $18.53B $17.73B $17.60B $17.60B $16.48B
-Long Term Capital Lease Obligation $3.32B $3.38B $3.49B $3.49B $3.47B
Other Non-Current Liabilities $1.01B $930.00M $47.00M $47.00M $861.00M
Total Equity $14.40B $14.32B $14.18B $14.18B $14.18B
Stockholders' Equity $14.38B $14.30B $14.16B $14.16B $14.16B
Capital Stock $0.00 $0.00 $0.00 $0.00 $0.00
-Common Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $22.02B $21.86B $21.64B $21.64B $21.50B
Retained Earnings -$6.24B -$6.19B -$6.10B -$6.10B -$5.90B
Less: Treasury Stock $23.00M $24.00M $24.00M $24.00M $24.00M
Gains/Losses Not Affecting Retained Earnings -$1.37B -$1.34B -$1.36B -$1.36B -$1.42B
Minority Interests $16.00M $22.00M $22.00M $22.00M $23.00M
-Taxes Receivable – – $284.00M $284.00M –
-Other Receivables – – $138.00M $138.00M –
Prepaid Assets – – $134.00M $134.00M –
-Accumulated Depreciation – – -$13.39B -$13.39B –
Investments and Advances – – $551.00M $551.00M –
-Long Term Equity Investment – – $551.00M $551.00M –
Financial Assets – – $20.00M $20.00M –
Non Current Accounts Receivables – – $126.00M $126.00M –
Non-Current Note Receivables – – $328.00M $328.00M –
Non-Current Prepaid Assets – – $895.00M $895.00M –
Non-Current Deferred Assets – – $747.00M $747.00M –
-Total Tax Payable – – $235.00M $235.00M –
-Dividends Payable – – $18.00M $18.00M –
Current Provisions – – $3.00M $3.00M –
Current Deferred Liabilities – – $149.00M $149.00M –
Long Term Accounts Payable and Other Payables – – $61.00M $61.00M –
Derivative Product Liabilities – – $113.00M $113.00M –
Non-Current Liabilities – – $225.00M $225.00M –
Non-Current Deferred Liabilities – – $537.00M $537.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.07B $717.00M $3.91B $1.14B $1.01B
Net cash flow from continuing operations $1.07B $717.00M $3.91B $1.14B $1.01B
Net Income from Continuing Operations $477.00M $415.00M $1.35B $264.00M $374.00M
Gain/Loss from Continuing Operations $3.00M -$20.00M -$1.00M $0.00 –
Depreciation & Depletion & Amortization $557.00M $544.00M $2.07B $551.00M $533.00M
Other Non-Cash Items $34.00M -$3.00M $33.00M $12.00M -$2.00M
Change in Working Capital -$166.00M -$349.00M -$101.00M $126.00M -$24.00M
-Change in Receivables -$152.00M -$106.00M -$40.00M $140.00M -$11.00M
-Change in Payables and Accrued Expense -$18.00M -$62.00M $25.00M $74.00M $100.00M
-Change in Other Current Assets $38.00M $41.00M $161.00M $39.00M $43.00M
-Change in Other Current Liabilities -$42.00M -$35.00M -$156.00M -$43.00M -$42.00M
-Change In Other Working Capital $8.00M -$187.00M -$91.00M -$84.00M -$114.00M
Net cash flow from investing -$1.12B -$1.46B -$6.48B -$2.71B -$1.37B
Net Cash Flow from Continuing Investing Activities -$1.12B -$1.46B -$6.48B -$2.71B -$1.37B
Net PPE Purchase and Sale -$1.58B -$1.26B -$4.31B -$1.44B -$1.14B
Net Business Purchase and Sale -$118.00M -$146.00M -$311.00M -$129.00M $48.00M
Net Investment Purchase and Sale $454.00M -$189.00M -$962.00M -$586.00M -$31.00M
Net Other Investing Changes $194.00M $255.00M $35.00M $2.00M $28.00M
Financing Cash Flow -$355.00M $349.00M $1.27B $1.23B -$1.16B
Net Cash Flow from Continuing Financing Activities -$355.00M $349.00M $1.27B $1.23B -$1.16B
Net Issuance Payments Of Debt $171.00M $777.00M $2.96B $1.70B -$738.00M
Net Common Stock Issuance $0.00 $0.00 $99.00M $0.00 $0.00
Cash Dividends Paid -$510.00M -$519.00M -$1.86B -$461.00M -$467.00M
Proceeds from Stock Option Exercised $0.00 $49.00M $95.00M $0.00 $45.00M
Net Other Financing Charges -$16.00M $42.00M -$22.00M -$15.00M $1.00M
Ending Cash Balance $1.02B $1.43B $1.82B $1.82B $2.17B
Net Change in Cash -$404.00M -$393.00M -$1.30B -$341.00M -$1.52B
Beginning Cash Balance $1.43B $1.82B $3.08B $2.17B $3.69B
Effect of Exchange Rate Changes -$5.00M -$6.00M $43.00M $0.00 -$10.00M
Free Cash Flow -$511.00M -$539.00M -$400.00M -$292.00M -$122.00M
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