EQIX (Equinix, Inc.) Stock Financials & Earnings

EQIXEquinix, Inc.

Mkt Cap$94B

Real Estate·REIT - Specialty·🇺🇸 United States·NASDAQ

Revenue (TTM)$9.2B

Net Income (TTM)$1.4B

EPS (TTM)$13.75

Free Cash Flow (TTM)$1.5B

Gross Margin51.2%

Op. Margin20.0%

Net Margin14.6%

FCF Margin16.1%

P/S Ratio (TTM)10.2x

P/E Ratio (TTM)70.0x

YoY Rev Growth+5.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.0B	$992M	$384M
Q2 23	$2.0B	$958M	$332M
Q3 23	$2.1B	$992M	$381M
Q4 23	$2.1B	$1.0B	$346M
Q1 24	$2.1B	$1.0B	$364M
Q2 24	$2.2B	$1.1B	$436M
Q3 24	$2.2B	$1.1B	$425M
Q4 24	$2.3B	$1.1B	$103M
Q1 25	$2.2B	$1.1B	$458M
Q2 25	$2.3B	$1.2B	$494M
Q3 25	$2.3B	$1.2B	$474M
Q4 25	$2.4B	$1.2B	$422M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Revenue Segments

Quarter	Co-Location	Interconnection	Managed Infrastructure	Non-Recurring Revenues	Service, Other	Other	Recurring Revenues
Q1 23	$1.4B	$337M	$111M	$108M	$34M	—	—
Q2 23	$1.4B	$347M	$112M	$101M	$35M	—	—
Q3 23	$1.5B	$353M	$114M	$100M	$30M	—	—
Q1 24	$1.5B	$368M	$118M	$117M	—	$34M	—
Q3 24	—	—	—	$142M	—	—	$2.1B
Q1 25	—	—	—	$138M	—	—	$2.1B
Q2 25	—	—	—	$113M	—	—	$2.1B
Q3 25	—	—	—	$101M	—	—	$2.2B
Q4 25	—	—	—	$126M	—	—	$2.3B

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 23	$882M	$425M	$691M
Q2 23	$890M	$442M	$687M
Q3 23	$914M	$439M	$709M
Q4 23	$932M	$428M	$751M
Q1 24	$939M	$461M	$727M
Q3 24	$958M	$500M	$743M
Q1 25	$1.0B	$481M	$743M
Q2 25	$1.0B	$485M	$767M
Q3 25	$1.0B	$497M	$784M
Q4 25	$1.1B	$513M	$836M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2.6B	$0	$2.6B
Q2 23	$2.3B	$0	$2.3B
Q3 23	$2.4B	$0	$2.4B
Q4 23	$2.1B	$0	$2.1B
Q1 24	$1.5B	$0	$1.5B
Q2 24	$2.0B	$0	$2.0B
Q3 24	$2.8B	$451M	$3.2B
Q4 24	$3.1B	$527M	$3.6B
Q1 25	$3.0B	$723M	$3.7B
Q2 25	$3.7B	$872M	$4.5B
Q3 25	$2.1B	$854M	$2.9B
Q4 25	$1.7B	$1.5B	$3.2B

Shares Outstanding

Revenue Per Employee

Revenue / Employee