EQIX Q1 2024 Earnings — Equinix, Inc. Revenue & Financial Results | Market Cap Arena

EQIXEquinix, Inc.

$94B

Q1 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$2.1B+6.4% YoY

Gross Profit

$1.0B48.7% margin

Operating Income

$364M17.1% margin

Net Income

$231M10.9% margin

EPS (Diluted)

$2.43

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

$598M

Free Cash Flow

-$109M

Stock-Based Comp.

$101M

Balance Sheet

Total Assets

$31.9B

Total Liabilities

$19.6B

Stockholders' Equity

$12.3B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.1B	$2.0B	+6.4%
Gross Profit	$1.0B	$992M	+4.4%
Operating Income	$364M	$384M	-5.2%
Net Income	$231M	$259M	-10.8%

Revenue Segments

Co-Location

$1.5B70%

Interconnection

$368M17%

Managed Infrastructure

$118M6%

Non-Recurring Revenues

$117M6%

Other

$34M2%

Geographic Segments

Americas

$939M44%

EMEA

$727M34%

Asia Pacific

$461M22%