Equinix, Inc.
EQIX Real Estate Reit Specialty
Equinix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.2 billion, up 5.36% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 29.3%, free cash flow fell 311.0% and total debt rose 13.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for ten.
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Equinix, Inc. (EQIX) Operating margin
Equinix, Inc.'s operating margin over the twelve months to 30 June 2026 was 21.8%, up 1.8 percentage points from fiscal 2025 (20.1%). Over the past ten years it has ranged from 15.2% (fiscal 2024) to 21.0% (fiscal 2019); the current reading is higher than 82% of that period. That is in line with the Reit Specialty industry median of 21.4% and above the Real Estate sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.1% | 4.87 |
| FY2024 | 15.2% | (2.44) |
| FY2023 | 17.6% | 1.10 |
| FY2022 | 16.5% | (0.18) |
| FY2021 | 16.7% | (0.85) |
| FY2020 | 17.6% | (3.48) |
| FY2019 | 21.0% | 1.76 |
| FY2018 | 19.3% | 0.75 |
| FY2017 | 18.5% | 1.39 |
| FY2016 | 17.1% | (3.68) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 25.3% | 1.72 |
| Mar 2026 | 23.6% | 6.17 |
| Dec 2025 | 17.4% | (3.03) |
| Sep 2025 | 20.5% | (1.43) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 82.6% |
| CCI Crown Castle Inc. compare | 47.7% |
| SBAC SBA Communications Corporation compare | 47.7% |
| AMT American Tower Corporation compare | 44.8% |
| LAMR Lamar Advertising Company compare | 31.8% |
| EQIX Equinix, Inc. | 21.8% |
| IRM Iron Mountain Incorporated compare | 18.8% |
| WY Weyerhaeuser Company compare | 12.3% |
| DLR Digital Realty Trust, Inc. compare | 0.79% |
| Reit Specialty industry median | 21.4% |
| Real Estate sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on EQIX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement