Equinix, Inc. (EQIX) Stock Analysis
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Equinix, Inc. (EQIX) posted $9.22B in revenue for fiscal 2025 (up 5.4% year over year), at a 14.6% net margin, and has compounded revenue about 9.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Equinix, Inc.
Equinix, Inc. has grown revenue from $3.61B to $9.22B over the last 10 fiscal years, compounding about 9% a year. The most recent year was up 5.4%, so growth has cooled from its longer-run pace.
Net margin sits at 14.6%, up 5.3 points year over year on a 51.1% gross margin.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Equinix, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Equinix, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.61B | $4.37B | $5.07B | $5.56B | $6.00B | $6.64B | $7.26B | $8.19B | $8.75B | $9.22B |
| Gross profit | $1.79B | $2.18B | $2.47B | $2.75B | $2.92B | $3.16B | $3.51B | $3.96B | $4.28B | $4.71B |
| Net income | $126.80M | $232.98M | $365.36M | $507.45M | $369.78M | $500.19M | $704.35M | $969.18M | $815.00M | $1.35B |
| Net margin | 3.5% | 5.3% | 7.2% | 9.1% | 6.2% | 7.5% | 9.7% | 11.8% | 9.3% | 14.6% |
Source: Equinix, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
Equinix, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 8.5% over 4 years (90.6M → 98.2M) — existing holders' stakes are being diluted.
Explore 18 years of Equinix, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Equinix, Inc. financial history by metric
Compare Equinix, Inc. with peers
About Equinix, Inc.
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.
Equinix, Inc. — frequently asked questions
What is Equinix, Inc.'s revenue?
Equinix, Inc. (EQIX) reported revenue of $9.22B for fiscal year 2025, up 5.4% from the prior year, according to its SEC filings.
Is Equinix, Inc. profitable?
Yes. EQIX earned net income of $1.35B in fiscal 2025, a net margin of 14.6%.
What is EQIX's P/E ratio?
Equinix, Inc. trades at a price-to-earnings ratio of about 65.8 based on the latest data in our nightly-refreshed cache.
How fast is Equinix, Inc. growing?
EQIX's revenue grew at roughly 9.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Equinix, Inc. have?
As of fiscal year 2025, EQIX carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Equinix, Inc.'s gross margin?
EQIX's gross margin was 51.1% in fiscal 2025 — gross profit of $4.71B on revenue of $9.22B.
What is Equinix, Inc.'s market cap?
Equinix, Inc. (EQIX) has a market capitalization of about $100.57B, based on the latest data in our nightly-refreshed cache.
When does Equinix, Inc.'s fiscal year end?
EQIX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Equinix, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.