Equinix, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 6.64B | 7.26B | 8.19B | 8.75B | 9.26B | 5.9% | |
| Cost of Revenue | (3.47B) | (3.75B) | (4.23B) | (4.47B) | (4.51B) | 0.9% | |
Gross Profit | 3.16B | 3.51B | 3.96B | 4.28B | 4.75B | 11.0% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (2.04B) | (2.29B) | (2.51B) | (2.66B) | (2.75B) | 3.3% | |
| General & Administrative | (1.30B) | (1.50B) | (1.65B) | (1.77B) | (1.84B) | 4.2% | |
| Selling & Marketing | (741.23M) | (786.56M) | (855.80M) | (891.00M) | (903.00M) | 1.3% | |
| Depreciation & Amortization | (1.66B) | (1.74B) | (1.84B) | (2.01B) | (2.07B) | 2.8% | |
Operating Income (EBIT) | 1.11B | 1.20B | 1.44B | 1.33B | 1.85B | 39.2% | |
| Non-Operating Items | |||||||
| Interest Income | 2.64M | 36.00M | 94.00M | 137.00M | 193.00M | 40.9% | |
| Interest Expense | (336.08M) | (356.00M) | (402.00M) | (457.00M) | (569.00M) | 24.5% | |
| Other Income/Expenses (Net) | -499.21M | -371.00M | -319.00M | -353.00M | -340.00M | -3.7% | |
Income Before Tax | 608.95M | 829.00M | 1.12B | 975.00M | 1.51B | 54.7% | |
| Income Tax Expense | (109.22M) | (124.00M) | (155.00M) | (161.00M) | (160.00M) | -0.6% | |
Net Income | 500.19M | 704.35M | 969.18M | 815.00M | 1.35B | 65.6% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $6 | $8 | $10 | $9 | $14 | 61.5% | |
| Weighted Avg Shares Outstanding | 89.77M | 91.57M | 93.61M | 95.46M | 97.88M | 2.5% | |
| Weighted Avg Shares Outstanding (Diluted) | 90.41M | 91.83M | 94.01M | 95.83M | 98.12M | 2.4% | |
EBITDA | 2.60B | 2.92B | 3.37B | 3.44B | 4.07B | 18.3% |
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EQIX in the Real Estate
Large Cap