EQUINIX INC
Business
Equinix is a global digital infrastructure company that operates as a real estate investment trust (REIT), providing multi-tenant data centers (IBX and xScale facilities) and interconnection services across 280 data centers in 77 markets spanning 36 countries. The company offers colocation infrastructure (private cages, secure cabinets), interconnection solutions (Equinix Fabric, cross connects, internet exchange), managed services, and ecosystem enablement across the Americas, EMEA, and Asia-Pacific regions. Equinix serves over 10,500 customers including telecommunications carriers, cloud providers, enterprises, and financial services firms through direct sales and channel marketing.
Summary from 10-K filed 2026-02-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 9,217 | 8,748 | 8,188 | 7,263 | 6,636 | |
| Cost of revenues | 4,508 | 4,467 | 4,228 | 3,751 | 3,472 | |
| Sales and marketing | 903 | 891 | 855 | 787 | 741 | |
| General and administrative | 1,840 | 1,766 | 1,654 | 1,499 | 1,302 | |
| Restructuring and other exit charges | 33 | 31 | 0 | 0 | — | |
| Transaction costs | 18 | 50 | 13 | 22 | 23 | |
| Impairment charges | 68 | 233 | 0 | 0 | — | |
| (Gain) loss on asset sales | −1 | −18 | −5 | 4 | −11 | |
| Total costs and operating expenses | 7,369 | 7,420 | 6,745 | 6,063 | 5,527 | |
| Income from operations | 1,848 | 1,328 | 1,443 | 1,200 | 1,108 | |
| Interest income | 193 | 137 | 94 | 36 | 3 | |
| Interest expense | −527 | −457 | −402 | −356 | — | |
| Other income (expense) | −7 | −17 | −11 | −51 | −51 | |
| Gain (loss) on debt extinguishment | 1 | −16 | 0 | 0 | −115 | |
| Income before income taxes | 1,508 | 975 | 1,124 | 829 | 609 | |
| Income tax expense | −160 | −161 | −155 | −124 | −109 | |
| Net income | 1,348 | 814 | 969 | 705 | 500 | |
| Net (income) loss attributable to non-controlling interests | 2 | 1 | 0 | 0 | 463,000 | |
| Net income attributable to common stockholders | 1,350 | 815 | 969 | 705 | 500 | |
| Basic EPS (in dollars per share) | 13.79 | 8.54 | 10.35 | 7.69 | 5.57 | |
| Weighted-average shares used to calculate basic EPS (in shares) | 98 | 95 | 94 | 92 | 90 | |
| Diluted EPS (in dollars per share) | 13.76 | 8.5 | 10.31 | 7.67 | 5.53 | |
| Weighted-average shares used to calculate diluted EPS (in shares) | 98 | 96 | 94 | 92 | 90 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,727 | 3,081 | 2,096 | 1,906 | 1,536 | |
| Short-term investments | 1,500 | 527 | 0 | — | 0 | |
| Accounts receivable, net of allowance of $16 and $19 | 1,001 | 949 | 1,004 | 855 | 682 | |
| Other current assets | 897 | 890 | 468 | 459 | 463 | |
| Total current assets | 5,125 | 5,447 | 3,568 | 3,305 | 2,957 | |
| Property, plant and equipment, net | 23,584 | 19,249 | 18,601 | 16,650 | 15,446 | |
| Operating lease right-of-use assets | 1,392 | 1,419 | 1,449 | 1,428 | 1,282 | |
| Goodwill | 5,984 | 5,504 | 5,737 | 5,654 | 5,372 | |
| Intangible assets, net | 1,316 | 1,417 | 1,705 | 1,898 | 1,936 | |
| Other assets | 2,740 | 2,049 | 1,591 | 1,376 | 926 | |
| Total assets | 40,141 | 35,085 | 32,651 | 30,311 | 27,919 | |
| Accounts payable and accrued expenses | 1,350 | 1,193 | 1,187 | 1,005 | 879 | |
| Accrued property, plant and equipment | 564 | 387 | 398 | — | — | |
| Current portion of operating lease liabilities | 155 | 144 | 131 | 140 | 144 | |
| Current portion of finance lease liabilities | 168 | 189 | 138 | 151 | 148 | |
| Current portion of mortgage and loans payable | 17 | 5 | 8 | 10 | 33 | |
| Current portion of senior notes | 1,299 | 1,199 | 998 | 0 | 0 | |
| Other current liabilities | 340 | 232 | 302 | 251 | 215 | |
| Total current liabilities | 3,893 | 3,349 | 3,162 | 1,838 | 1,606 | |
| Operating lease liabilities, less current portion | 1,304 | 1,331 | 1,331 | 1,273 | 1,107 | |
| Finance lease liabilities, less current portion | 2,187 | 2,086 | 2,123 | 2,144 | 1,990 | |
| Mortgage and loans payable, less current portion | 686 | 644 | 663 | 643 | 587 | |
| Senior notes, less current portion | 16,910 | 13,363 | 12,062 | 12,110 | 10,984 | |
| Other liabilities | 983 | 760 | 796 | 798 | 763 | |
| Total liabilities | 25,963 | 21,533 | 20,137 | 18,805 | 17,037 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Redeemable non-controlling interest | 25 | 25 | 25 | 0 | — | |
| Common stock, $0.001 par value per share: 300,000 shares authorized; 98,288 issued and 98,226 outstanding in 2025 and 97,390 issued and 97,287 outstanding in 2024 | 0 | 0 | 0 | 93,000 | 91,000 | |
| Additional paid-in capital | 21,642 | 20,895 | 18,596 | 17,320 | 15,985 | |
| Treasury stock, at cost; 62 shares in 2025 and 103 shares in 2024 | −24 | −39 | −56 | −72 | −112 | |
| Accumulated dividends | −12,202 | −10,342 | −8,695 | −7,318 | −6,165 | |
| Accumulated other comprehensive loss | −1,359 | −1,735 | −1,290 | −1,389 | −1,086 | |
| Retained earnings | 6,099 | 4,749 | 3,934 | 2,965 | 2,260 | |
| Total common stockholders' equity | 14,156 | 13,528 | 12,489 | 11,506 | 10,882 | |
| Non-controlling interests | −3 | −1 | 0 | −134,000 | −318,000 | |
| Total stockholders' equity | 14,153 | 13,527 | 12,489 | 11,506 | 10,883 | |
| Total liabilities, redeemable non-controlling interest and stockholders' equity | 40,141 | 35,085 | 32,651 | 30,311 | 27,919 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, amortization and accretion | 2,066 | 2,011 | 1,844 | — | — | |
| Stock-based compensation | 498 | 462 | 407 | 404 | 364 | |
| Other operating activities | 33 | 87 | 79 | 63 | 29 | |
| Accounts receivable | −40 | 27 | −150 | −154 | −2 | |
| Income taxes, net | −78 | −9 | 4 | −8 | −17 | |
| Operating lease right-of-use assets | 161 | 150 | 139 | 149 | — | |
| Operating lease liabilities | −156 | −153 | −128 | −133 | −178 | |
| Accounts payable and accrued expenses | 25 | 95 | 161 | 114 | 65 | |
| Other assets and liabilities | −13 | −450 | −103 | — | — | |
| Net cash provided by operating activities | 3,911 | 3,249 | 3,217 | 2,963 | 2,547 | |
| Purchases of equity investments | −60 | −98 | −136 | −145 | — | |
| Distributions from equity investments | 59 | 11 | 0 | 0 | — | |
| Purchases of short-term investments | −1,967 | −520 | 0 | 0 | — | |
| Maturity of short-term investments | 1,005 | 0 | 0 | — | — | |
| Business acquisitions, net of cash and restricted cash acquired | −251 | 0 | 0 | −964 | −158 | |
| Real estate acquisitions | −994 | −337 | −384 | −248 | −202 | |
| Purchases of other property, plant and equipment | −4,311 | −3,066 | −2,781 | −2,278 | −2,752 | |
| Proceeds from sale of assets, net of cash transferred | 0 | 247 | 77 | 250 | 209 | |
| Settlement of foreign currency hedges | 104 | 83 | 0 | 0 | — | |
| Investment in loan receivable | −69 | −261 | 0 | 0 | — | |
| Loan receivable upfront fee | 0 | 4 | 0 | 0 | — | |
| Net cash used in investing activities | −6,484 | −3,937 | −3,224 | −3,363 | −3,007 | |
| Proceeds from employee equity awards | 95 | 91 | 87 | 82 | 78 | |
| Payment of dividends | −1,856 | −1,643 | −1,375 | −1,152 | −1,043 | |
| Proceeds from public offering of common stock, net of issuance costs | 99 | 1,673 | 734 | 796 | 498 | |
| Proceeds from senior notes, net of debt discounts | 4,311 | 2,768 | 902 | 1,194 | 3,879 | |
| Repayments of finance lease liabilities | −155 | −140 | −149 | −134 | −166 | |
| Contribution from non-controlling interest | 4 | 4 | 25 | 0 | 0 | |
| Repayment of senior notes | −1,200 | −1,000 | 0 | 0 | −1,991 | |
| Other financing activities | −26 | −30 | −13 | — | — | |
| Net cash provided by financing activities | 1,272 | 1,723 | 211 | 857 | 414 | |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | 43 | −49 | −16 | −98 | −30 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −1,258 | 986 | 188 | 359 | −76 | |
| Cash paid for taxes, net | 207 | 185 | 153 | 140 | 134 | |
| Cash paid for interest, net of amounts capitalized | 448 | 486 | 445 | 412 | 426 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EQUINIX INC's CIK number?
EQUINIX INC's SEC CIK number is 0001101239 (1101239). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EQUINIX INC's SEC filings?
All of EQUINIX INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EQUINIX INC last report earnings?
EQUINIX INC (EQIX) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001101239-26-000089). This is EQUINIX INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is EQUINIX INC's most recent earnings 8-K?
EQUINIX INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001101239-26-000089. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View EQUINIX INC's latest earnings 8-K →
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