Equinix, Inc. (EQIX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 2.44B | 2.44B | 2.32B | 2.26B | 2.23B | 2.26B | 2.2B | 2.16B | 2.13B | 2.11B | 2.06B | 2.02B | 2B | 1.87B | 1.84B | 1.82B | 1.73B | 1.71B | 1.68B | 1.66B |
| Revenue Growth % | 9.84% | 8.01% | 5.22% | 4.49% | 4.61% | 7.13% | 6.79% | 6.97% | 6.45% | 12.81% | 11.97% | 11.08% | 15.21% | 9.64% | 9.88% | 9.6% | 8.67% | 9.1% | 10.23% | 12.77% |
| Property Operating Expenses | 1.19B | 1.2B | 1.14B | 1.08B | 1.08B | 1.2B | 1.1B | 1.08B | 1.09B | 1.09B | 1.07B | 1.06B | 1.01B | 970.7M | 934.67M | 930.26M | 915.88M | 910.43M | 885.65M | 865.12M |
| Net Operating Income (NOI) | 1.26B | 1.24B | 1.17B | 1.17B | 1.14B | 1.06B | 1.1B | 1.08B | 1.04B | 1.02B | 992.03M | 957.41M | 992.21M | 900.14M | 905.99M | 886.9M | 818.57M | 795.94M | 789.53M | 792.8M |
| NOI Margin % | 51.47% | 50.94% | 50.69% | 51.95% | 51.28% | 47.1% | 50.11% | 49.88% | 48.71% | 48.27% | 48.13% | 47.43% | 49.65% | 48.11% | 49.22% | 48.81% | 47.2% | 46.65% | 47.13% | 47.82% |
| Operating Expenses | 681M | 822M | 700M | 678M | 683M | 962M | 678M | 641M | 672M | 672.3M | 611M | 626M | 608M | 617.95M | 572.83M | 569.04M | 551.26M | 546.22M | 507.4M | 514.14M |
| G&A Expenses | 685M | 718M | 689M | 672M | 667M | 660M | 671M | 656M | 670M | 666.45M | 616M | 622M | 605M | 607.42M | 568.57M | 564.08M | 545.2M | 533.51M | 517.62M | 507.62M |
| EBITDA | 1.12B | 973M | 1.01B | 993M | 937M | 601M | 921M | 925M | 890M | 809.88M | 844M | 794M | 841M | 719.61M | 763.35M | 751.12M | 702.66M | 675.83M | 701.05M | 694.89M |
| EBITDA Margin % | 45.87% | 39.84% | 43.65% | 44.02% | 42.11% | 26.58% | 41.84% | 42.84% | 41.84% | 38.37% | 40.95% | 39.34% | 42.09% | 38.46% | 41.47% | 41.34% | 40.51% | 39.61% | 41.85% | 41.91% |
| Depreciation & Amortization | 544M | 551M | 537M | 499M | 479M | 498M | 496M | 489M | 526M | 463.46M | 463M | 462M | 457M | 437.41M | 430.19M | 433.27M | 435.34M | 426.1M | 418.93M | 416.24M |
| D&A / Revenue % | 22.26% | 22.56% | 23.19% | 22.12% | 21.53% | 22.03% | 22.54% | 22.65% | 24.73% | 21.96% | 22.46% | 22.89% | 22.87% | 23.38% | 23.37% | 23.84% | 25.1% | 24.97% | 25.01% | 25.11% |
| Operating Income | 577M | 422M | 474M | 494M | 458M | 103M | 425M | 436M | 364M | 346.42M | 381M | 332M | 384M | 282.2M | 333.16M | 317.85M | 267.32M | 249.72M | 282.12M | 278.65M |
| Operating Margin % | 23.61% | 17.28% | 20.47% | 21.9% | 20.58% | 4.56% | 19.31% | 20.19% | 17.11% | 16.41% | 18.49% | 16.45% | 19.22% | 15.08% | 18.1% | 17.49% | 15.41% | 14.63% | 16.84% | 16.81% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 3.90x | 3.48x | 4.12x | 4.00x | 4.21x | 1.00x | 3.99x | 4.16x | 3.66x | 3.62x | 3.90x | 3.44x | 4.24x | 2.89x | 3.70x | 3.48x | 3.26x | 3.06x | 3.60x | 1.57x |
| Non-Operating Income | 1M | -104M | -53M | -46M | -56M | -23M | -42M | -22M | -17M | -27.07M | -17M | -12M | -27M | 10.29M | -4.53M | 2.15M | 6.91M | 4.46M | -2.07M | 141.46M |
| Pretax Income | 471M | 312M | 399M | 405M | 392M | 0 | 350M | 348M | 277M | 270.3M | 296M | 244M | 314M | 177.71M | 246.34M | 224.88M | 180.44M | 165.04M | 205.25M | 49.96M |
| Pretax Margin % | 19.27% | 12.78% | 17.23% | 17.95% | 17.62% | 0% | 15.9% | 16.12% | 13.02% | 12.81% | 14.36% | 12.09% | 15.71% | 9.5% | 13.38% | 12.38% | 10.4% | 9.67% | 12.25% | 3.01% |
| Income Tax | 56M | 48M | 25M | 38M | 49M | 14M | 54M | 47M | 46M | 42.83M | 20M | 37M | 55M | 48.81M | 34.61M | 8.63M | 32.74M | 41.9M | 53.22M | -18.53M |
| Effective Tax Rate % | 11.89% | 15.38% | 6.27% | 9.38% | 12.5% | - | 15.43% | 13.51% | 16.61% | 15.84% | 6.76% | 15.16% | 17.52% | 27.46% | 14.05% | 3.84% | 18.15% | 25.39% | 25.93% | -37.08% |
| Net Income | 415M | 265M | 374M | 368M | 343M | -14M | 297M | 301M | 231M | 227.57M | 275.79M | 207M | 259M | 128.76M | 211.81M | 216.32M | 147.45M | 123.27M | 152.22M | 68.34M |
| Net Margin % | 16.98% | 10.85% | 16.15% | 16.31% | 15.42% | -0.62% | 13.49% | 13.94% | 10.86% | 10.78% | 13.38% | 10.26% | 12.96% | 6.88% | 11.51% | 11.9% | 8.5% | 7.22% | 9.09% | 4.12% |
| Net Income Growth % | 20.99% | 1992.86% | 25.93% | 22.26% | 48.48% | -106.15% | 7.69% | 45.41% | -10.81% | 76.73% | 30.21% | -4.31% | 75.65% | 4.45% | 39.15% | 216.54% | -5.7% | 141.74% | 128.25% | -48.73% |
| Funds From Operations (FFO) | 959M | 816M | 911M | 867M | 822M | 484M | 793M | 790M | 757M | 691.03M | 738.79M | 669M | 716M | 566.17M | 642M | 649.59M | 582.79M | 549.38M | 571.15M | 484.58M |
| FFO Margin % | 39.24% | 33.42% | 39.34% | 38.43% | 36.94% | 21.41% | 36.03% | 36.59% | 35.59% | 32.74% | 35.85% | 33.14% | 35.83% | 30.26% | 34.88% | 35.75% | 33.6% | 32.2% | 34.09% | 29.23% |
| FFO Growth % | 16.67% | 68.59% | 14.88% | 9.75% | 8.59% | -29.96% | 7.34% | 18.09% | 5.73% | 22.05% | 15.08% | 2.99% | 22.86% | 3.06% | 12.41% | 34.05% | 5.7% | 28% | 33.64% | 0.56% |
| FFO per Share | 9.71 | 8.29 | 9.28 | 8.84 | 8.40 | 5.00 | 8.31 | 8.30 | 7.96 | 7.30 | 7.85 | 7.13 | 7.67 | 6.10 | 6.97 | 7.12 | 6.39 | 6.05 | 6.31 | 5.38 |
| FFO Payout Ratio % | 54.12% | 56.5% | 51.26% | 53.06% | 56.93% | 85.33% | 52.08% | 51.27% | 54.43% | 58.34% | 43.99% | 47.98% | 45.53% | 50.79% | 45.35% | 43.57% | 49.7% | 47.23% | 45.94% | 53.25% |
| EPS (Diluted) | 4.20 | 2.69 | 3.81 | 3.75 | 3.50 | -0.14 | 3.10 | 3.16 | 2.43 | 2.40 | 2.93 | 2.21 | 2.77 | 1.39 | 2.30 | 2.37 | 1.62 | 1.36 | 1.68 | 0.76 |
| EPS Growth % | 20% | 2021.43% | 22.9% | 18.67% | 44.03% | -105.83% | 5.8% | 42.99% | -12.27% | 72.66% | 27.39% | -6.75% | 70.99% | 2.21% | 36.9% | 211.84% | -6.9% | 138.6% | 127.03% | -50% |
| EPS (Basic) | 4.22 | 2.70 | 3.82 | 3.76 | 3.52 | -0.14 | 3.11 | 3.16 | 2.44 | 2.41 | 2.94 | 2.21 | 2.78 | 1.39 | 2.30 | 2.38 | 1.62 | 1.37 | 1.69 | 0.76 |
| Diluted Shares Outstanding | 98.73M | 98.38M | 98.17M | 98.05M | 97.89M | 96.85M | 95.39M | 95.17M | 95.16M | 94.67M | 94.17M | 93.86M | 93.34M | 92.75M | 92.14M | 91.26M | 91.16M | 90.75M | 90.47M | 90.1M |