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Profile & Fundamentals

Equinix Profile & Fundamentals

Name: Equinix financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.

Company profile record

Equinix Inc

Common Stock · Real Estate · Data Center REITs

Official website

Company

Company / asset: Equinix Inc
Security type: Common Stock
Sector: Real Estate
Industry: Data Center REITs
HQ: 🇺🇸 United States
Head office: One Lagoon Drive, Redwood City, CA, United States, 94065-1562

Leadership & scale

Chief executive: Ms. Adaire Rita Fox-Martin
CEO year born: 1964
Full-time employees: 13.7K
Fiscal year end: December
IPO date: 2000-08-11

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 104.8B
P/E: 68.4x
Revenue (Q2 26): USD 2.6B
Profit (Q2 26): USD 479.0M
Dividend Yield: 1.3%
Revenue (FY 25): USD 9.3B
Shares in public float: 98.3M
Insider ownership: 0.27%

Reporting & identifiers

Symbol: EQIX.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US29444U7000
Asset ID: equity_530f1635-0f96-5265-beb4-8ad722d211c7

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc11,131,568 shares · 11.28% · Reported 2026-03-31
Vanguard Capital Management, LLC6,387,320 shares · 6.47% · Reported 2026-03-31
State Street Corp6,078,396 shares · 6.16% · Reported 2026-03-31
Vanguard Portfolio Management, LLC6,004,091 shares · 6.08% · Reported 2026-03-31
Vanguard Real Estate Index Investor3,751,939 shares · 3.80% · Reported 2026-07-31
Vanguard MStar Total Stk Mkt Idx Invest3,140,290 shares · 3.18% · Reported 2026-07-31
FMR Inc2,818,574 shares · 2.86% · Reported 2026-03-31

View more holders (8)

Vanguard 500 Index Investor2,590,421 shares · 2.63% · Reported 2026-07-31
Geode Capital Management, LLC2,478,954 shares · 2.51% · Reported 2026-03-31
Cohen & Steers Inc2,191,196 shares · 2.22% · Reported 2026-06-30
JPMorgan Chase & Co1,960,563 shares · 1.99% · Reported 2026-03-31
Principal Financial Group Inc1,902,047 shares · 1.93% · Reported 2026-06-30
Northern Trust Corp1,500,559 shares · 1.52% · Reported 2026-03-31
T. Rowe Price Associates, Inc.1,458,837 shares · 1.48% · Reported 2026-03-31
iShares Core S&P 500 ETF1,313,134 shares · 1.33% · Reported 2026-08-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Equinix generated solid revenue momentum through mid-2026, delivering second-quarter revenue of $2.62 billion, a 16.4% increase year over year, with trailing twelve-month operating income reaching $2.14 billion. This top-line performance was supported by strong enterprise colocation demand, contractual rent escalators, and record gross bookings. However, reported results include roughly $120 million in non-recurring joint-venture fees, meaning underlying recurring revenue expanded at a steady 11% pace. Beneath headline profits lies a volatile cash-flow picture. While trailing free cash flow recovered to $1.37 billion, full-year 2025 was negative $400 million due to intense construction activity. Recurring rental collections remain highly defensive, but funding ongoing dividends and expansion requires careful liquidity management.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability displayed marked resilience through mid-2026, with adjusted EBITDA margins reaching 53% in the second quarter and gross margins expanding to 51.3%. This strength reflects the high operating leverage of Equinix's interconnection business, where cross-connect services carry exceeding 80%. Automatic contractual power pass-through clauses successfully shield facility earnings from surging municipal electricity prices. However, expanding profit margins further faces structural limits. Sizable annual depreciation charges from newly commissioned facilities and escalating interest expenses weigh on bottom-line net income. While pricing power protects facility profitability, management's long-term 53% EBITDA margin target requires steady capacity utilization rather than short-term fee windfalls.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	3,611,989,000	-94,012,000	126,800,000	49.59	17.13	3.51	-2.6
2017-12-31	4,368,428,000	60,508,000	232,982,000	49.8	18.52	5.33	1.39
2018-12-31	5,071,654,000	-280,748,000	365,359,000	48.63	19.27	7.2	-5.54
2019-12-31	5,562,140,000	-86,793,000	507,450,000	49.48	21.03	9.12	-1.56
2020-12-31	5,998,545,000	27,322,000	369,777,000	48.75	17.55	6.16	0.46
2021-12-31	6,635,537,000	-204,306,000	500,191,000	47.67	16.7	7.54	-3.08
2022-12-31	7,263,105,000	685,178,000	704,345,000	48.35	16.52	9.7	9.43
2023-12-31	8,188,136,000	562,116,000	969,178,000	48.36	17.62	11.84	6.87
2024-12-31	8,748,000,000	183,000,000	815,000,000	48.94	15.18	9.32	2.09
2025-12-31	9,260,000,000	-400,000,000	1,350,000,000	51.32	19.96	14.58	-4.32

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	55.83	Trailing four quarters
2024-12-31	112.05	Trailing four quarters
2023-12-31	78.65	Trailing four quarters
2022-12-31	86.26	Annual net income
2021-12-31	153.46	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	79,128,000
2018-01-01	80,740,000
2019-01-01	85,831,000
2020-01-01	89,726,000
2021-01-01	90,752,000
2022-01-01	92,752,000
2023-01-01	94,667,000
2024-01-01	96,849,000
2025-01-01	98,378,000
2026-01-01	99,136,000

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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
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Dividends & Actions
- Cash dividends paid
- Dividend indicators
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Company Events
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