Equinix, Inc. (EQIX) Financial Statements

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Equinix financial statements at a glance

Equinix reported revenue of $9.22 billion for fiscal year 2025 (ended December 31, 2025), up 5.4% from fiscal year 2024. Net income was $1.35 billion, a net margin of 14.6%.

At the end of fiscal year 2025 it had total assets of $40.14 billion, total liabilities of $25.99 billion and shareholders' equity of $14.16 billion, with total debt of $21.27 billion.

Its operations brought in $3.91 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

EQIX logo

Equinix, Inc.

EQIXUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Revenue
9.22B
Prev Year: 8.75B
YoY: +5.4%
Total Revenue
-
Cost of Revenue
4.51B
Prev Year: 4.47B
YoY: +0.9%
Gross Profit
4.71B
Prev Year: 4.28B
YoY: +10.0%
SG&A Expenses
2.74B
Prev Year: 2.66B
YoY: +3.2%
Operating Expense
-
Operating Expenses
7.37B
Prev Year: 7.44B
YoY: -0.9%
Operating Income
1.85B
Prev Year: 1.31B
YoY: +40.9%
Net Non Operating Interest Income Expense
-
Interest Inc.(Exp.),Net-Non-Op., Total
-334.00M
Prev Year: -320.00M
YoY: -4.4%
Other Income Expense
-
Other, Net
-7.00M
Prev Year: -17.00M
YoY: +58.8%
Pre-tax Income
-
Net Income Before Taxes
1.51B
Prev Year: 975.00M
YoY: +54.7%
Provision for Income Taxes
160.00M
Prev Year: 161.00M
YoY: -0.6%
Net Income Common Stockholders
-
Net Income After Taxes
1.35B
Prev Year: 814.00M
YoY: +65.6%
Diluted NI Available to Com Stockholders
-
Net Income Before Extra. Items
1.35B
Prev Year: 815.00M
YoY: +65.6%
Basic EPS
-
Net Income
1.35B
Prev Year: 815.00M
YoY: +65.6%
Diluted EPS
-
Income Available to Com Excl ExtraOrd
1.35B
Prev Year: 815.00M
YoY: +65.6%
Weighted Average Shares (basic)
-
Income Available to Com Incl ExtraOrd
1.35B
Prev Year: 815.00M
YoY: +65.6%
Weighted Average Shares (diluted)
-
Diluted Net Income
1.35B
Prev Year: 815.00M
YoY: +65.6%
Total Operating Income as Reported
-
Diluted Weighted Average Shares
98.12M
Prev Year: 95.83M
YoY: +2.4%
Total Expenses
-
Diluted EPS Excluding ExtraOrd Items
13.758
Prev Year: 8.505
YoY: +61.8%
Net Income from Continuing and Discontinued Operation
-
DPS - Common Stock Primary Issue
19.23
Prev Year: 17.04
YoY: +12.9%
Normalized Income
-
Diluted Normalized EPS
14.815
Prev Year: 11.049
YoY: +34.1%
Interest Income
-
Unusual Expense (Income)
117.00M
Prev Year: 312.00M
YoY: -62.5%
Interest Expense
-
Minority Interest
2.00M
Prev Year: 1.00M
YoY: +100.0%
Net Interest Income
-
Values in USD

Equinix key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$9.2B$8.7B$8.2B$7.3B$6.6B
Gross profit$4.7B$4.3B$4.0B$3.5B$3.2B
Operating income$1.8B$1.3B$1.4B$1.2B$1.1B
Net income$1.4B$815.0M$969.2M$704.3M$500.2M
Diluted EPS––––$5.53
Total assets$40.1B$35.1B$32.7B$30.3B$27.9B
Total liabilities$26.0B$21.6B$20.2B$18.8B$17.0B
Shareholders' equity$14.2B$13.5B$12.5B$11.5B$10.9B
Cash––––$1.5B
Total debt$21.3B$17.5B$16.0B$15.1B$15.0B
Operating cash flow$3.9B$3.2B$3.2B$3.0B$2.5B
Capital spending––––$2.8B
Free cash flow––––-$204.3M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Equinix's revenue in fiscal year 2025?

$9.22 billion, up 5.4% from $8.75 billion in fiscal year 2024.

How much profit does Equinix make?

Equinix reported net income of $1.35 billion for fiscal year 2025 (14.6% of revenue); operating income was $1.85 billion.

How much cash and debt does Equinix have?

At the end of fiscal year 2025: total debt of $21.27 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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