EQIX
$1,025.72+1.32%
as of close, Oct 2, 2026
☾ AH $1,025.72 +1.32%
Equinix Inc. Common Stock REITStock · Real EstateUS REITs 5.6%Nasdaq Composite 0.2%S&P 500 Equal Weight 0.2%S&P 500 0.2%Russell 1000 0.1%US Stock Market 0.1%Russell 3000 0.1%MSCI World 0.1%MSCI ACWI 0.10%
EQIX financial statements
The full income statement, balance sheet, and cash-flow statement for Equinix Inc. Common Stock REIT (EQIX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 94.9M2024-09 96.5M2024-12 97.3M2025-03 97.8M2025-06 97.9M2025-09 98.2M2025-12 98.3M2026-03 98.6M2026-06 98.7M+3.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 9.22B+5.4% | 8.75B+6.8% | 8.19B+12.7% | 7.26B+9.5% | 6.64B+10.6% | |
| Cost of revenue | 4.51B+0.9% | 4.47B+5.7% | 4.23B+12.7% | 3.75B+8.0% | 3.47B+12.9% | |
| Selling, general & administrative | 1.84B+4.2% | 1.77B+6.8% | 1.65B+10.3% | 1.50B+15.1% | 1.30B+19.3% | |
| General & administrative | 1.84B+4.2% | 1.77B+6.8% | 1.65B+10.3% | 1.50B+15.1% | 1.30B+19.3% | |
| Selling & marketing | 903M+1.3% | 891M+4.2% | 855M+8.6% | 787M+6.2% | 741M+3.2% | |
| Restructuring | 33.0M+6.5% | 31.0M | 0.00 | 0.00 | — | |
| Amortization of intangibles | 200M-3.8% | 208M+0.0% | 208M+1.5% | 205M-0.2% | 205M+3.2% | |
| Provision for credit losses | 10.0M-52.4% | 21.0M+40.0% | 15.0M+114.3% | 7.00M-30.1% | 10.0M+97.6% | |
| Operating income | 1.85B+39.2% | 1.33B-8.0% | 1.44B+20.3% | 1.20B+8.3% | 1.11B+5.2% | |
| Interest expense | 527M+15.3% | 457M+13.7% | 402M+12.8% | 356M+6.0% | 336M-17.3% | |
| Interest & investment income | 193M+40.9% | 137M+45.7% | 94.0M+161.1% | 36.0M+1261.6% | 2.64M-69.4% | |
| Other non-operating income | -7.00M+58.8% | -17.0M-54.5% | -11.0M+78.4% | -51.0M-0.7% | -50.6M-832.6% | |
| Equity-method income | -17.0M+29.2% | -24.0M-100.0% | -12.0M-33.3% | -9.00M | — | |
| Pre-tax income | 1.51B+54.7% | 975M-13.3% | 1.12B+35.6% | 829M+36.1% | 609M+18.0% | |
| Income tax | 160M-0.6% | 161M+3.9% | 155M+25.0% | 124M+13.5% | 109M-25.3% | |
| 1.35B+65.6% | 815M-15.9% | 969M+37.4% | 705M+40.9% | 500M+35.3% | ||
| Net income to non-controlling interest | -2.00M-100.0% | -1.00M | 0.00 | 0.00+100.0% | -463K-255.9% | |
| $13.76+61.9% | $8.50-17.6% | $10.31+34.4% | $7.67+38.7% | $5.53+32.3% | ||
| EPS (basic) | $13.79+61.5% | $8.54-17.5% | $10.35+34.6% | $7.69+38.1% | $5.57+32.0% | |
| Weighted-avg shares (basic) | 97.9M+2.5% | 95.5M+2.0% | 93.6M+2.2% | 91.6M+2.0% | 89.8M+2.4% | |
| Weighted-avg shares (diluted) | 98.1M+2.4% | 95.8M+1.9% | 94.0M+2.4% | 91.8M+1.6% | 90.4M+2.3% | |
| Dividends per share | $18.76+10.1% | $17.04+17.6% | $14.49+16.9% | $12.40+8.0% | $11.48+7.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.13B-5.9% | 5.45B+52.7% | 3.57B+7.9% | 3.31B+11.8% | 2.96B+13.3% | ||
| Cash & equivalents | 1.73B-43.9% | 3.08B+47.0% | 2.10B+10.0% | 1.91B+24.1% | 1.54B-4.3% | |
| Short-term investments | 1.50B+184.6% | 527M | 0.00 | — | 0.00-100.0% | |
| Cash & short-term investments | 3.23B-10.6% | 3.61B+72.1% | 2.10B | — | 1.54B-4.5% | |
| Accounts receivable | 1.00B+5.5% | 949M-5.5% | 1.00B+17.4% | 855M+25.4% | 682M+0.7% | |
| Prepaid expenses | 134M+47.3% | 91.0M-9.0% | 100M+26.3% | 79.2M+21.4% | 65.2M+6.2% | |
| Other current assets | 897M+0.8% | 890M+90.2% | 468M+1.9% | 459M-0.8% | 463M+43.3% | |
| 40.1B+14.4% | 35.1B+7.5% | 32.7B+7.7% | 30.3B+8.6% | 27.9B+3.4% | ||
| Property, plant & equipment | 23.6B+22.5% | 19.2B+3.5% | 18.6B+11.7% | 16.6B+7.8% | 15.4B+6.5% | |
| Operating lease right-of-use | 1.39B-1.9% | 1.42B-2.1% | 1.45B+1.5% | 1.43B+11.3% | 1.28B-13.1% | |
| Goodwill | 5.98B+8.7% | 5.50B-4.1% | 5.74B+1.5% | 5.65B+5.2% | 5.37B-1.8% | |
| Intangible assets | 1.32B-7.1% | 1.42B-16.9% | 1.71B-10.2% | 1.90B-2.0% | 1.94B-10.8% | |
| Deferred tax assets | 100M+108.3% | 48.0M-22.6% | 62.0M+38.9% | 44.6M-25.4% | 59.8M-9.9% | |
| Other non-current assets | 2.74B+33.7% | 2.05B+28.8% | 1.59B+15.6% | 1.38B+48.6% | 926M+19.3% | |
| 3.89B+16.2% | 3.35B+5.9% | 3.16B+72.0% | 1.84B+14.5% | 1.61B-20.7% | ||
| Accounts payable | 127M-4.5% | 133M-17.9% | 162M+39.7% | 116M+37.9% | 84.1M+8.2% | |
| Accrued liabilities | 1.35B+13.2% | 1.19B+0.5% | 1.19B+18.1% | 1.00B+14.3% | 879M+4.1% | |
| Deferred revenue | 133M+8.1% | 123M-1.6% | 125M-5.3% | 132M+20.3% | 110M+8.4% | |
| Short-term & current debt | 1.30B+8.3% | 1.20B+20.1% | 998M | 0.00 | 0.00-100.0% | |
| Current lease liability | 155M+7.6% | 144M+9.9% | 131M-6.1% | 140M-3.1% | 144M-6.6% | |
| Other current liabilities | 340M+46.6% | 232M-23.2% | 302M+20.2% | 251M+17.2% | 215M-39.5% | |
| Finance lease liability (current) | 168M-11.1% | 189M+37.0% | 138M-8.9% | 151M+2.4% | 148M+7.4% | |
| 26.0B+20.6% | 21.5B+6.9% | 20.1B+7.1% | 18.8B+10.4% | 17.0B+4.1% | ||
| Long-term debt | — | 15.3B+10.8% | 13.8B+7.5% | 12.9B+9.9% | 11.7B+10.2% | |
| Deferred revenue (non-current) | 170M+13.3% | 150M-2.6% | 154M-0.6% | 155M+77.2% | 87.5M+22.8% | |
| Non-current lease liability | 1.30B-2.0% | 1.33B+0.0% | 1.33B+4.6% | 1.27B+15.0% | 1.11B-15.4% | |
| Operating lease liability (total) | 1.46B-1.1% | 1.48B+0.9% | 1.46B+3.5% | 1.41B+12.9% | 1.25B-14.5% | |
| Finance lease liability (total) | 2.35B+3.5% | 2.27B+0.6% | 2.26B-1.5% | 2.30B+7.4% | 2.14B+11.2% | |
| Finance lease liability | 2.19B+4.8% | 2.09B-1.7% | 2.12B-1.0% | 2.14B+7.7% | 1.99B+11.5% | |
| Deferred tax liabilities | 367M+8.3% | 339M-14.0% | 394M+2.8% | 383M+12.7% | 340M+17.2% | |
| Other non-current liabilities | 983M+29.3% | 760M-4.5% | 796M-0.2% | 798M+4.5% | 763M-19.6% | |
| 14.2B+4.6% | 13.5B+8.3% | 12.5B+8.5% | 11.5B+5.7% | 10.9B+2.3% | ||
| Preferred stock | — | — | — | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00 | 0.00-100.0% | 93.0K+2.2% | 91.0K+2.2% | |
| Additional paid-in capital | 21.6B+3.6% | 20.9B+12.4% | 18.6B+7.4% | 17.3B+8.4% | 16.0B+6.4% | |
| Retained earnings | 6.10B+28.4% | 4.75B+20.7% | 3.93B+32.7% | 2.96B+31.2% | 2.26B+28.4% | |
| Treasury stock | 24.0M-38.5% | 39.0M-30.4% | 56.0M-22.2% | 72.0M-35.9% | 112M-8.1% | |
| Accumulated other comprehensive income | -1.36B+21.7% | -1.74B-34.5% | -1.29B+7.2% | -1.39B-28.0% | -1.09B-18.9% | |
| Non-controlling interest | -3.00M-200.0% | -1.00M | 0.00+100.0% | -134K+57.9% | -318K-344.6% | |
| Total equity incl. non-controlling | 14.2B+4.6% | 13.5B+8.3% | 12.5B+8.5% | 11.5B+5.7% | 10.9B+2.3% | |
| Total liabilities & equity | 40.1B+14.4% | 35.1B+7.5% | 32.7B+7.7% | 30.3B+8.6% | 27.9B+3.4% | |
| Common shares issued | 98.3M+0.9% | 97.4M+2.9% | 94.6M+2.0% | 92.8M+2.1% | 90.9M+1.6% | |
| Common shares outstanding | 98.2M+1.0% | 97.3M+3.0% | 94.5M+2.0% | 92.6M+2.3% | 90.6M+1.6% | |
| Shares outstanding (cover) | 98.3M+0.9% | 97.3M+2.9% | 94.6M+2.0% | 92.7M+2.2% | 90.7M+1.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.91B+20.4% | 3.25B+1.0% | 3.22B+8.6% | 2.96B+16.3% | 2.55B+10.3% | ||
| Depreciation & amortization | 2.05B+2.0% | 2.01B+8.9% | 1.84B+6.2% | 1.74B+4.9% | 1.66B+16.4% | |
| Intangible amortization | 200M-3.8% | 208M+0.0% | 208M+1.5% | 205M-0.2% | 205M+3.2% | |
| Share-based compensation | 498M+7.8% | 462M+13.5% | 407M+0.7% | 404M+11.1% | 364M+23.3% | |
| Deferred income taxes | -56.0M-86.7% | -30.0M-700.0% | 5.00M-88.1% | 42.0M+4.0% | 40.4M+314.8% | |
| Change in receivables | 40.0M+248.1% | -27.0M-118.0% | 150M-2.6% | 154M+8122.1% | 1.87M+107.4% | |
| -6.48B-64.7% | -3.94B-22.1% | -3.22B+4.1% | -3.36B-11.8% | -3.01B+12.3% | ||
| Capital expenditure | 4.31B+40.6% | 3.07B+10.2% | 2.78B+22.1% | 2.28B-17.2% | 2.75B+20.5% | |
| Free cash flow | -400M-318.6% | 183M-58.0% | 436M-36.4% | 685M+435.3% | -204M-847.8% | |
| Acquisitions | 251M | 0.00 | 0.00-100.0% | 964M+508.2% | 158M-86.6% | |
| Purchases of investments | — | — | 136M-6.1% | 145M+34.5% | 108M-15.8% | |
| Sales/maturities of investments | 1.00B | 0.00 | 0.00 | — | — | |
| Proceeds from sale of PP&E | 0.00-100.0% | 247M+220.8% | 77.0M-69.2% | 250M+19.9% | 209M-37.6% | |
| 1.27B-26.2% | 1.72B+716.6% | 211M-75.4% | 857M+107.1% | 414M-49.3% | ||
| Long-term debt issued | 4.31B+55.7% | 2.77B+206.9% | 902M-24.5% | 1.19B-69.2% | 3.88B-12.5% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 99.0M-94.1% | 1.67B+127.9% | 734M-7.8% | 796M+59.9% | 498M-74.9% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.86B+13.0% | 1.64B+19.5% | 1.38B+19.4% | 1.15B+10.5% | 1.04B+10.0% | |
| Other financing activities | -26.0M+13.3% | -30.0M-130.8% | -13.0M | — | — | |
| FX effect on cash | 43.0M+187.8% | -49.0M-206.3% | -16.0M+83.7% | -98.0M-221.6% | -30.5M-174.9% | |
| Net change in cash | -1.26B-227.6% | 986M+424.5% | 188M-47.6% | 359M+570.9% | -76.2M+70.8% | |
| Interest paid | — | 486M+9.2% | 445M+8.0% | 412M+2.5% | 402M-14.8% | |
| Income taxes paid | 207M+11.9% | 185M+20.9% | 153M+9.3% | 140M+4.2% | 134M-6.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 75.3B-18.0% | 91.8B+21.4% | 75.6B+24.7% | 60.6B-21.0% | 76.7B+20.3% | |
| P/E | 55.8×-50.5% | 112.6×+29.8% | 86.8×+0.0% | 86.7×-43.5% | 153.4×-11.0% | |
| P/S | 8.2×-22.1% | 10.5×+13.4% | 9.2×+8.3% | 8.5×-26.2% | 11.6×+8.8% | |
| P/B | 5.3×-21.6% | 6.8×+6.6% | 6.4×+17.1% | 5.4×-22.9% | 7.1×+17.6% | |
| P/FCF | — | 501.5×+142.1% | 207.1×+182.8% | 73.2× | — | |
| Earnings yield | 1.8%+101.9% | 0.89%-22.9% | 1.2%-0.0% | 1.2%+76.9% | 0.65%+12.4% | |
| FCF yield | — | 0.20%-58.7% | 0.48%-64.6% | 1.4% | — | |
| Dividend yield | 2.4%+35.5% | 1.8%+0.4% | 1.8%-5.0% | 1.9%+39.5% | 1.4%-8.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: EQIX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EQIX filings on SEC EDGAR → Not investment advice.