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.

Annual • USD
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| 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.
$9.22 billion, up 5.4% from $8.75 billion in fiscal year 2024.
Equinix reported net income of $1.35 billion for fiscal year 2025 (14.6% of revenue); operating income was $1.85 billion.
At the end of fiscal year 2025: total debt of $21.27 billion.