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Equinix, Inc. logo

Equinix, Inc.

EQIX

NASDAQReal EstateREIT - Specialty

Open in GoAI

Previous close

$1,065.39

−$17.22 · -1.59%

Aug 21, 4:00 PM ET

Pre-market

$1,068

+$2.61 · +0.24%

Aug 24, 6:59 AM ET

EQIX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

32

Expensive

Momentum

45

Neutral

Sentiment

53

Mixed

Risk resilience

79

Moderate Risk

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Company profile

Company website

Equinix, Inc. is a digital infrastructure company that connects businesses to their customers, employees, and partners inside interconnected data centers. The company operates a global platform of data centers, providing colocation, interconnection, and support services to a diverse range of customers. Equinix enables businesses to access various places, partners, and possibilities needed to accelerate their digital strategies.

Industry
REIT - Specialty
Sector
Real Estate
Headquarters
US
CEO
Adaire Rita Fox-Martin
Listed since
Aug 11, 2000
Employees
13,716

Market position

Day range

Current $1,065.39

52-week range

Current $1,065.39

Open
$1,094.04
Previous close
$1,082.61
Volume
554.57K
0.94× average
Average volume
589.42K
Average daily volume
Market cap
105.12B USD
Beta
0.97
Market reference 1
50-day average
$1,052.76
+1.20% above average
200-day average
$949.15
+12.25% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
95.99B USD
EV / EBITDA
23.57×
Earnings yield
1.80%
Free cash flow yield
-0.53%

Profitability & efficiency

Return on equity
9.54%
Return on assets
3.36%
Return on invested capital
4.36%

Financial health

Current ratio
1.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends56%38%21%3%Gross margin, FY2021: 47.67%Gross margin, FY2022: 48.35%Gross margin, FY2023: 48.36%Gross margin, FY2024: 48.94%Gross margin, FY2025: 51.32%Operating margin, FY2021: 16.70%Operating margin, FY2022: 16.52%Operating margin, FY2023: 17.62%Operating margin, FY2024: 15.18%Operating margin, FY2025: 19.96%Net margin, FY2021: 7.54%Net margin, FY2022: 9.70%Net margin, FY2023: 11.84%Net margin, FY2024: 9.32%Net margin, FY2025: 14.58%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.67%. Gross margin FY2022 48.35%. Gross margin FY2023 48.36%. Gross margin FY2024 48.94%. Gross margin FY2025 51.32%. Operating margin FY2021 16.70%. Operating margin FY2022 16.52%. Operating margin FY2023 17.62%. Operating margin FY2024 15.18%. Operating margin FY2025 19.96%. Net margin FY2021 7.54%. Net margin FY2022 9.70%. Net margin FY2023 11.84%. Net margin FY2024 9.32%. Net margin FY2025 14.58%.

Income trends

Revenue

9.26B USD+5.85%

Operating income

1.85B USD+39.16%

Net income

1.35B USD+65.64%
Income trends across reported periods10.14B USD6.63B USD3.13B USD−375.79M USDRevenue, FY2021: 6.64B USDRevenue, FY2022: 7.26B USDRevenue, FY2023: 8.19B USDRevenue, FY2024: 8.75B USDRevenue, FY2025: 9.26B USDOperating income, FY2021: 1.11B USDOperating income, FY2022: 1.2B USDOperating income, FY2023: 1.44B USDOperating income, FY2024: 1.33B USDOperating income, FY2025: 1.85B USDNet income, FY2021: 500.19M USDNet income, FY2022: 704.35M USDNet income, FY2023: 969.18M USDNet income, FY2024: 815M USDNet income, FY2025: 1.35B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.64B USD. Revenue FY2022 7.26B USD. Revenue FY2023 8.19B USD. Revenue FY2024 8.75B USD. Revenue FY2025 9.26B USD. Operating income FY2021 1.11B USD. Operating income FY2022 1.2B USD. Operating income FY2023 1.44B USD. Operating income FY2024 1.33B USD. Operating income FY2025 1.85B USD. Net income FY2021 500.19M USD. Net income FY2022 704.35M USD. Net income FY2023 969.18M USD. Net income FY2024 815M USD. Net income FY2025 1.35B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.26B USD8.75B USD8.19B USD7.26B USD6.64B USD
Cost of goods sold4.51B USD4.47B USD4.23B USD3.75B USD3.47B USD
Gross profit4.75B USD4.28B USD3.96B USD3.51B USD3.16B USD
Selling, general, and administrative2.75B USD2.66B USD2.51B USD2.29B USD2.04B USD
Operating expenses2.9B USD2.95B USD2.52B USD2.31B USD2.05B USD
Interest income193M USD137M USD94M USD36M USD2.64M USD
Interest expense569M USD457M USD402M USD356M USD336.08M USD
Depreciation and amortization2.07B USD2.01B USD1.85B USD1.74B USD1.66B USD
Operating income1.85B USD1.33B USD1.44B USD1.2B USD1.11B USD
Net income1.35B USD815M USD969.18M USD704.35M USD500.19M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
-8.01%
11 comparable reports
Latest EPS result
4.83
Estimate 4.73 · Beat by 2.11%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.233.311.38-0.54Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual -0.14, estimate 2.75, surprise -105.09%, Miss. Q2 2025, reported Apr 30, 2025: actual 3.52, estimate 3.41, surprise +3.23%, Beat. Q3 2025, reported Jul 30, 2025: actual 3.76, estimate 3.48, surprise +8.05%, Beat. Q4 2025, reported Oct 29, 2025: actual 3.82, estimate 3.59, surprise +6.41%, Beat. Q1 2026, reported Feb 11, 2026: actual 2.69, estimate 3.71, surprise -27.49%, Miss. Q2 2026, reported Apr 29, 2026: actual 4.2, estimate 4.3, surprise -2.33%, Miss. Q3 2026, reported Jul 29, 2026: actual 4.83, estimate 4.73, surprise +2.11%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 4.16, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.73B2.53B2.32B2.12BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 2.26B USD, estimate 2.27B USD, surprise -0.50%, Miss. Q2 2025, reported Apr 30, 2025: actual 2.23B USD, estimate 2.22B USD, surprise +0.06%, Beat. Q3 2025, reported Jul 30, 2025: actual 2.26B USD, estimate 2.26B USD, surprise -0.10%, Miss. Q4 2025, reported Oct 29, 2025: actual 2.32B USD, estimate 2.33B USD, surprise -0.42%, Miss. Q1 2026, reported Feb 11, 2026: actual 2.42B USD, estimate 2.46B USD, surprise -1.55%, Miss. Q2 2026, reported Apr 29, 2026: actual 2.44B USD, estimate 2.52B USD, surprise -2.82%, Miss. Q3 2026, reported Jul 29, 2026: actual 2.63B USD, estimate 2.59B USD, surprise +1.35%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 2.57B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

52 ratings
Strong buy12%
Buy3873%
Hold1223%
Sell12%
Strong sell00%

Corporate actions

Corporate action history

Stock split

Effective Dec 31, 2002

1:32

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ETFs holding EQIX

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
3.82B
Weight
5.20%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
3.2B
Weight
0.14%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
2.64B
Weight
0.16%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
1.44B
Weight
0.16%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
1.33B
Weight
0.16%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
1.1B
Weight
0.30%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
State Street Real Estate Select Sector SPDR ETF logoState Street Real Estate Select Sector SPDR ETFXLRE
Market value
607.65M
Weight
7.16%
AUM
8.49B USD
Expense ratio
0.08%
Price / 1D
$45.080.00%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
486.13M
Weight
4.27%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%

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