Skip to content
ESPT
MARKETS / NASDAQ / Real estate / Real estate investment trusts / EQIX
NASDAQ · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Equinix Inc. EQIX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
9 YEARS OF DIVIDEND GROWTH
$9.2B
▲ 5.4% YoY
$1.4B
▲ 65.6% YoY
$-400.0M
▼ 318.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Equinix combines a global footprint of International Business Exchange (IBX) and xScale data centers across the Americas, Asia-Pacific, and Europe, the Middle East and Africa regions, together with infrastructure, interconnection offerings and digital ecosystems, to serve a large and diverse set of customers around the world. Its global footprint spans 280 data centers in 77 markets across 36 countries. As of December 31, 2025, Equinix had 13,716 employees worldwide, with 5,917 based in the Americas, 4,706 in EMEA and 3,093 in Asia-Pacific. Equinix currently operates in three reportable segments comprised of its Americas, EMEA and Asia-Pacific geographic regions. Equinix was incorporated on June 22, 1998 as a Delaware corporation and operates as a REIT for federal income tax purposes.

Written from the business description in EQUINIX INC's annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth

USD 9.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 9.2 · Net income 1.4
4B8B
2008201120142017202020232025
Compound annual growth
+8.3%
+9.0%
+13.0%
+14.6%
+24.2%
+29.6%
+21.8%
+27.1%
+21.5%
+26.9%
+15.7%
+20.7%
+14.8%
+12.0%
+0.6%
+17.2%
+14.4%
+13.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.0% a year over the five years to FY2025 — but profit grew faster: net income at +29.6%, earnings per share at +26.9%.

The share count rose from 0.09B to 0.10B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 20.0% · Net 14.6%
10%20%-5%-10%
200820162025
ROE
FY2025 · ROE 9.8%
5%10%-5%-10%
200820162025
Three returns, three denominators.
Gross margin51.1%
Operating margin20.0%
Net margin14.6%
EBITDAUSD 3.9B

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 1.9B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.4
1.0B2.0B-0.2B-0.4B
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.9 · Net buybacks ·
1.0B2.0B-0.3B-0.6BDividendsNet buybacks
20112013201520172019202120232025
Dividends paidUSD 1.9B
Net buybacks·
Share of profit137.5%
Consecutive raises9 years

USD 1.9B in dividends — 137% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 40.1B
EquityUSD 14.2B
CashUSD 1.7B
Gross debtUSD 1.3B
Net debtUSD -428.0M
Current ratio1.32×

The company holds more cash than debt.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
EQIX, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B9.28.78.27.36.66.05.65.14.43.62.72.42.21.91.61.20.90.7
Operating income $B1.81.31.41.21.11.11.21.00.80.60.60.50.50.40.30.20.20.1
EBITDA $B3.93.33.32.92.82.52.52.21.91.51.11.00.90.80.60.40.40.2
Income tax $B0.20.20.20.10.10.10.20.10.10.00.00.30.00.10.00.00.0−0.1
Net income $B1.40.81.00.70.50.40.50.40.20.10.2−0.30.10.10.10.00.10.1
Free cash flow $B−0.40.20.40.7−0.20.0−0.11.61.3−0.10.00.00.0−0.50.60.4◌◌
EPS, diluted $13.768.5010.317.675.534.185.994.563.001.793.21−4.961.892.831.740.821.752.79
Dividend / sh $18.7617.0414.4912.4011.4810.649.849.128.007.0017.71◌◌◌◌◌◌◌
Payout %137202142163209256165202267394278−32——————
ROE %9.86.38.16.34.63.86.35.24.23.67.5−11.04.06.65.02.46.611.8
Shares out B0.100.100.090.090.090.090.090.080.080.070.060.060.050.050.050.050.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Equinix Inc.vsWelltower Inc.Same industry: Real Estate Investment TrustsEquinix Inc.vsAmerican Tower Corp.Same industry: Real Estate Investment TrustsEquinix Inc.vsPrologis, Inc.Same industry: Real Estate Investment TrustsEquinix Inc.vsWeyerhaeuser Co.Same industry: Real Estate Investment TrustsEquinix Inc.vsIron Mountain Inc.Same industry: Real Estate Investment TrustsEquinix Inc.vsSimon Property Group Inc.Same industry: Real Estate Investment TrustsEquinix Inc.vsHost Hotels & Resorts, Inc.Same industry: Real Estate Investment Trusts
More in this sector

Other companies filing in the same sector

BN · CBRE · JLL · WELL · AMT · CWK
Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 70 reconciliationsAUDITED

Reconciled in 17 of the 18 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityReal Estate Investment Trusts
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

Share this section

Download image