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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 incorporated in Delaware.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.2B | $4.1B | $1.4B | $-400M | 9.5% | 5.4% | 65.6% |
| 2024 | $8.7B | $3.4B | $815M | $183M | 6.0% | 6.8% | -15.9% |
| 2023 | $8.2B | $3.4B | $969M | $436M | 7.8% | 12.7% | 37.4% |
| 2022 | $7.3B | $2.9B | $705M | $685M | 6.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 9,217 |
| Operating Revenue | 9,217 |
| Cost Of Revenue | 4,508 |
| Gross Profit | 4,709 |
| Operating Expense | 2,743 |
| Selling General And Administration | 2,743 |
| Total Expenses | 7,251 |
| Operating Income | 1,966 |
| Total Operating Income As Reported | 1,848 |
| EBITDA | 4,101 |
| Normalized EBITDA | 4,218 |
| EBIT | 2,035 |
| Interest Income | 193 |
| Interest Expense | 527 |
| Net Interest Income | -334 |
| Other Non Operating Income Expenses | -7 |
| Other Income Expense | -124 |
| Interest Income Non Operating | 193 |
| Interest Expense Non Operating | 527 |
| Net Non Operating Interest Income Expense | -334 |
| Pretax Income | 1,508 |
| Tax Provision | 160 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -12.40 |
| Net Income Continuous Operations | 1,348 |
| Net Income From Continuing And Discontinued Operation | 1,350 |
| Net Income From Continuing Operation Net Minority Interest | 1,350 |
| Net Income | 1,350 |
| Net Income Common Stockholders | 1,350 |
| Net Income Including Noncontrolling Interests | 1,348 |
| Normalized Income | 1,454.60 |
| Diluted NI Availto Com Stockholders | 1,350 |
| Basic Average Shares | 97.88 |
| Diluted Average Shares | 98.12 |
| Reconciled Depreciation | 2,066 |
| Reconciled Cost Of Revenue | 4,508 |
| Total Unusual Items | -117 |
| Total Unusual Items Excluding Goodwill | -117 |
| Minority Interests | 2 |
| Special Income Charges | -117 |
| Other Special Charges | -1 |
| Write Off | 68 |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | 51 |
| General And Administrative Expense | 1,840 |
| Other Gand A | 1,840 |
| Gain On Sale Of Ppe | 1 |
| Selling And Marketing Expense | 903 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Equinix, Inc.this co. | EQIX | $107.4B | 79.57↑ premium | 7.59 | 9.5% | 31.31 |
| Welltower Inc. | WELL | $141.8B | 151.34 | 3.37 | 2.2% | 68.44 |
| Prologis, Inc. | PLD | $134.7B | 40.48 | 2.54 | 6.3% | 22.98 |
| American Tower Corporation | AMT | $90.3B | 35.72 | 24.73 | 69.3% | 20.76 |
| Simon Property Group, Inc. | SPG | $78.4B | 16.93 |
| - |
| - |
| - |
| - |
| 15.16 |
| 89.5% |
| 13.46 |
| Digital Realty Trust, Inc. | DLR | $67.5B | 51.58 | 3.04 | 5.9% | 22.76 |
| Realty Income Corporation | O | $55.7B | 52.63 | 1.41 | 2.7% | 17.68 |
| Public Storage | PSA | $53.8B | 30.17 | 10.99 | 36.4% | 19.64 |
| Crown Castle Inc. | CCI | $40.9B | 92.20 | -25.04 | -27.2% | 25.60 |
| Peer Median | - | 46.03 | 3.20 | 6.1% | 21.76 | |