Financials in USD. Standardized financial statements.
A compact view of how Equinix, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $9.26B | $8.75B | $8.19B | $7.26B | $6.64B | $6.00B | $5.56B | $5.07B | $4.37B | $3.61B |
| Revenue Growth? | +5.9% | +6.8% | +12.7% | +9.5% | +10.6% | +7.8% | +9.7% | +16.1% | +20.9% | 0.0% |
| Cost of Revenue? | $4.51B | $4.47B | $4.23B | $3.75B | $3.47B | $3.07B | $2.81B | $2.61B | $2.19B | $1.82B |
| Gross Profit? | $4.75B | $4.28B | $3.96B | $3.51B | $3.16B | $2.92B | $2.75B | $2.47B | $2.18B | $1.79B |
| Gross Margin? | +51.3% | +48.9% | +48.4% | +48.4% | +47.7% | +48.7% | +49.5% | +48.6% | +49.8% | +49.6% |
| Operating Expenses? | $2.90B | $2.95B | $2.52B | $2.31B | $2.05B | $1.87B | $1.58B | $1.49B | $1.37B | $1.17B |
| Operating Income? | $1.85B | $1.33B | $1.44B | $1.20B | $1.11B | $1.05B | $1.17B | $977.38M | $809.01M | $618.74M |
| EBITDA? | $4.07B | $3.44B | $3.37B | $2.92B | $2.60B | $2.35B | $2.46B | $2.18B | $1.81B | $1.39B |
| Income Before Tax | $1.51B | $975.00M | $1.12B | $829.00M | $608.95M | $516.23M | $692.60M | $433.04M | $286.83M | $159.86M |
| Income Tax Expense | $160.00M | $161.00M | $155.00M | $124.00M | $109.22M | $146.15M | $185.35M | $67.68M | $53.85M | $45.45M |
| Net Income? | $1.35B | $815.00M | $969.18M | $704.35M | $500.19M | $369.78M | $507.45M | $365.36M | $232.98M | $126.80M |
| EPS? | $13.79 | $8.54 | $10.35 | $7.69 | $5.57 | $4.22 | $6.03 | $4.58 | $3.03 | $1.81 |
| Diluted EPS? | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 | $4.18 | $5.99 | $4.56 | $3.00 | $1.79 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality