Saturday 31 October 2026 Export EQIX’s income statement to Excel — free account

Equinix, Inc.

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.

1,014.00 22.67 −2.19%

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Market cap: $102.6B
P/E: 65.0×
Fwd P/E: 56.0×
Dividend yield: 2.50%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Equinix, Inc. (EQIX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Americas	4,111	44.60%
EMEA	3,130	33.96%
Asia-Pacific	1,976	21.44%
Gross margin		51.09%
Operating margin		20.05%
Pre-tax margin		16.36%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Colocation	6,475 70.25%	6,058 69.25%	5,765 70.41%	5,083 69.98%	4,642 69.96%	4,259 71.00%	4,022 72.31%	3,670 72.37%	3,178 72.75%	2,647 73.29%	2,020 74.10%	1,824 74.64%	1,628 75.63%	1,434 75.96%	1,196 76.41%
Interconnection	1,655 17.96%	1,519 17.36%	1,395 17.04%	1,268 17.46%	1,162 17.50%	1,023 17.06%	894 16.07%	802 15.81%	681 15.59%	543 15.03%	442 16.21%	379 15.51%	320 14.86%	272 14.42%	224 14.33%
Non-recurring revenues	478 5.19%	564 6.45%	443 5.41%	392 5.40%	415 6.25%	341 5.68%	324 5.82%	295 5.82%	248 5.68%	—	—	—	—	—	—
Managed infrastructure	466 5.06%	467 5.34%	452 5.52%	415 5.71%	381 5.74%	337 5.62%	293 5.26%	280 5.51%	245 5.61%	210 5.82%	97 3.55%	104 4.27%	97 4.52%	88 4.67%	68 4.36%
Other	143 1.55%	140 1.60%	133 1.62%	105 1.45%	36 0.54%	38 0.64%	30 0.54%	25 0.49%	16 0.36%	17 0.47%	11 0.39%	10 0.42%	5 0.21%	3 0.17%	3 0.18%
Other, not broken out	—	—	—	—	—	—	—	—	—	195 5.39%	157 5.75%	126 5.16%	103 4.78%	90 4.78%	74 4.72%
Recurring revenues	8,739	8,184	7,745	6,871	6,220	5,658	5,238	4,777	4,120	—	—	—	—	—	—
Revenue	9,217	8,748	8,188	7,263	6,636	5,999	5,562	5,072	4,368	3,612	2,726	2,444	2,153	1,887	1,566

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Americas	4,111 44.60%	3,862 44.15%	3,617 44.17%	3,349 46.11%	3,022 45.54%	2,708 45.14%	2,588 46.52%	2,485 48.99%	2,173 49.74%	1,593 44.11%	1,513 55.49%	1,376 56.31%	1,265 58.75%	1,152 61.03%	996 63.60%	752 62.87%	535 60.68%
EMEA	3,130 33.96%	2,967 33.92%	2,838 34.66%	2,342 32.25%	2,155 32.48%	1,996 33.28%	1,806 32.48%	1,563 30.81%	1,346 30.82%	1,107 30.64%	699 25.64%	637 26.08%	525 24.39%	433 22.94%	—	—	—
Asia-Pacific	1,976 21.44%	1,919 21.94%	1,733 21.17%	1,572 21.64%	1,459 21.98%	1,294 21.58%	1,168 21.00%	1,024 20.20%	849 19.44%	718 19.87%	515 18.88%	430 17.61%	363 16.86%	303 16.03%	216 13.79%	162 13.57%	119 13.47%
Europe Middle East And Africa	—	—	—	—	—	—	—	—	—	—	—	—	—	—	358 22.88%	282 23.56%	228 25.85%
Other, not broken out	—	—	—	—	—	—	—	—	—	195 5.39%	—	—	—	—	—	—	—
Revenue	9,217	8,748	8,188	7,263	6,636	5,999	5,562	5,072	4,368	3,612	2,726	2,444	2,153	1,887	1,566	1,196	883

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Americas	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Europe Middle East And Africa	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia-Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q3 FY2026	$11.64	$9.83	+18.41%
Americas headcount	Q3 FY2026	6.0K	6.0K	−0.22%
Annualized gross bookings	Q3 FY2026	$533.0M	$394.0M	+35.28%
Asia-Pacific headcount	Q3 FY2026	3.3K	3.1K	+4.46%
Deals closed	Q4 FY2025	4.5K	—	—
EMEA headcount	Q3 FY2026	4.8K	4.7K	+1.34%
FFO a share	Q3 FY2026	$8.64	$7.20	+20.00%
Major projects underway	Q2 FY2026	52.00	59.00	−11.86%
Markets with projects underway	Q2 FY2026	33.00	34.00	−2.94%
Remaining performance obligations	Q3 FY2026	$15.9B	$12.7B	+25.20%
Total headcount	Q3 FY2026	14.0K	13.9K	+1.36%
Total interconnections	Q4 FY2025	500.0K	482.0K	+3.73%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Americas headcount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Annualized gross bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia-Pacific headcount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Deals closed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
EMEA headcount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Major projects underway	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Markets with projects underway	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total headcount	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total interconnections	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.