Equinix (EQIX): financials, SEC filings and peers
Equinix (EQIX) is a data center reits company in the Real Estate sector of the S&P 500, headquartered in Redwood City, California.
It was founded in 1998 and joined the S&P 500 on March 20, 2015.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Equinix at a glance
- Revenue (12 months)
- $10.1B
- Revenue growth
- +11.1%
- Operating margin
- 22.5%
- Net income (12 months)
- $1.6B
- Free cash flow (12 months)
- —
- Cash
- $2.4B
- Debt
- $22.8B
- Diluted EPS (12 months)
- $16.65
Twelve months to September 30, 2026, from the 10-Q filed October 28, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Equinix reported revenue of $10.1 billion, up 11.1% from a year earlier.
Its operating margin was 22.5%, up 5.6 percentage points from a year earlier: for every $100 of sales, about $23 was left as operating profit.
Net income was $1.6 billion (16.4% of revenue), 53.9% higher than a year earlier.
At the end of the period it held $2.4 billion in cash and $22.8 billion in debt, a net debt position of $20.5 billion.
The diluted share count rose 1.1% in a year, which dilutes existing shareholders.
Five-year trend
- Revenue went from $6.0 billion in fiscal 2020 to $9.2 billion in fiscal 2025, about 9.0% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 17.6% to 20.0% over the same years.
- Free cash flow was negative in 2 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.6B | $7.3B | $8.2B | $8.7B | $9.2B |
| Revenue growth | 10.6% | 9.5% | 12.7% | 6.8% | 5.4% |
| Operating margin | 16.7% | 16.5% | 17.6% | 15.2% | 20.0% |
| Net income | $500M | $705M | $969M | $815M | $1.4B |
| Free cash flow | −$204M | $685M | $436M | $183M | −$400M |
| Diluted EPS | $5.53 | $7.67 | $10.31 | $8.50 | $13.76 |
Fiscal years as reported in Equinix’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 9, 2026 — Other event
- 10-Q filed October 28, 2026 — quarterly report
- 8-K filed October 28, 2026 — Earnings results
- 8-K filed August 6, 2026 — Other event
- 8-K filed July 29, 2026 — Material agreement; Agreement terminated
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed July 14, 2026 — Executive or director change
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Questions about Equinix
Is Equinix's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $10.1 billion, up 11.1% from a year earlier, according to its SEC filings.
Is Equinix profitable?
Yes. It earned $1.6 billion in net income over the twelve months to September 30, 2026, a net margin of 16.4%.
Does Equinix have more cash or more debt?
At September 30, 2026 it had $2.4 billion in cash and $22.8 billion in debt, so more debt than cash.
When did Equinix last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 28, 2026.
Which companies are similar to Equinix?
In the S&P 500, Equinix is grouped in Data Center REITs within the Real Estate sector. Digital Realty (DLR) are in the same group.
Understand the numbers
Source: Equinix’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.