Equinix Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Equinix Inc reported revenue of $9.2B (+5.4% year on year) and net income of $1.4B (+65.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $9.2B | $8.7B | $8.2B | $7.3B |
| Cost of revenues | $4.5B | $4.5B | $4.2B | $3.8B |
| Sales and marketing | $903.0M | $891.0M | $855.8M | $786.6M |
| General and administrative | $1.8B | $1.8B | $1.7B | $1.5B |
| Restructuring and other exit charges | $33.0M | $31.0M | — | — |
| Transaction costs | $18.0M | $50.0M | $12.4M | $21.8M |
| Impairment charges | $68.0M | $233.0M | — | $0 |
| (Gain) loss on asset sales | ($1.0M) | ($18.0M) | ($5.0M) | $4.0M |
| Total costs and operating expenses | $7.4B | $7.4B | $6.7B | $6.1B |
| Income from operations | $1.8B | $1.3B | $1.4B | $1.2B |
| Interest income | $193.0M | $137.0M | $94.2M | $36.3M |
| Interest expense | ($527.0M) | ($457.0M) | ($402.0M) | ($356.3M) |
| Other income (expense) | ($7.0M) | ($17.0M) | ($11.2M) | ($51.4M) |
| Gain (loss) on debt extinguishment | $1.0M | ($16.0M) | ($35.0K) | $327.0K |
| Income before income taxes | $1.5B | $975.0M | $1.1B | $829.4M |
| Income tax expense | ($160.0M) | ($161.0M) | ($155.3M) | ($124.8M) |
| Net income | $1.3B | $814.0M | $969.0M | $704.6M |
| Net (income) loss attributable to non-controlling interests | $2.0M | $1.0M | $198.0K | ($232.0K) |
| Net income attributable to common stockholders | $1.4B | $815.0M | $969.2M | $704.3M |
| Basic EPS (in dollars per share) | $13.79 | $8.54 | $10.35 | $7.69 |
| Weighted-average shares used to calculate basic EPS (in shares) | $97883000.00 | $95457000.00 | $93615000.00 | $91569000.00 |
| Diluted EPS (in dollars per share) | $13.76 | $8.50 | $10.31 | $7.67 |
| Weighted-average shares used to calculate diluted EPS (in shares) | $98123000.00 | $95827000.00 | $94009000.00 | $91828000.00 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $2.6B | $2.4B | $2.3B | $2.3B |
| Cost of revenues | $1.2B | $1.2B | $1.1B | $1.1B |
| Sales and marketing | $239.0M | $241.0M | $219.0M | $221.0M |
| General and administrative | $462.0M | $444.0M | $470.0M | $451.0M |
| Restructuring and other exit charges | $6.0M | $6.0M | $5.0M | $2.0M |
| Transaction costs | $3.0M | $8.0M | $3.0M | $3.0M |
| Impairment charges | $17.0M | $2.0M | $4.0M | $1.0M |
| (Gain) loss on asset sales | $3.0M | ($20.0M) | ($1.0M) | $0 |
| Total costs and operating expenses | $2.0B | $1.9B | $1.8B | $1.8B |
| Income from operations | $665.0M | $577.0M | $474.0M | $494.0M |
| Interest income | $36.0M | $41.0M | $53.0M | $52.0M |
| Interest expense | ($151.0M) | ($148.0M) | ($128.0M) | ($135.0M) |
| Other income (expense) | ($28.0M) | $1.0M | $0 | ($7.0M) |
| Gain (loss) on debt extinguishment | $1.0M | — | $0 | $1.0M |
| Income before income taxes | $523.0M | $471.0M | $399.0M | $405.0M |
| Income tax expense | ($46.0M) | ($56.0M) | ($25.0M) | ($38.0M) |
| Net income | $477.0M | $415.0M | $374.0M | $367.0M |
| Net (income) loss attributable to non-controlling interests | $2.0M | $0 | $0 | $1.0M |
| Net income attributable to common stockholders | $479.0M | $415.0M | $374.0M | $368.0M |
| Basic EPS (in dollars per share) | $4.86 | $4.22 | $3.82 | $3.76 |
| Weighted-average shares for basic EPS (in shares) | $98641000.00 | $98392000.00 | $97982000.00 | $97835000.00 |
| Diluted EPS (in dollars per share) | $4.83 | $4.20 | $3.81 | $3.75 |
| Weighted-average shares for diluted EPS (in shares) | $99136000.00 | $98727000.00 | $98174000.00 | $98050000.00 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7B | $3.1B | $2.1B | $1.9B |
| Short-term investments | $1.5B | $527.0M | — | — |
| Accounts receivable, net of allowance of $16 and $19 | $1.0B | $949.0M | $1.0B | $855.4M |
| Other current assets | $897.0M | $890.0M | $468.2M | $459.1M |
| Total current assets | $5.1B | $5.4B | $3.6B | $3.3B |
| Property, plant and equipment, net | $23.6B | $19.2B | $18.6B | $16.6B |
| Operating lease right-of-use assets | $1.4B | $1.4B | $1.4B | $1.4B |
| Goodwill | $6.0B | $5.5B | $5.7B | $5.7B |
| Intangible assets, net | $1.3B | $1.4B | $1.7B | $1.9B |
| Other assets | $2.7B | $2.0B | $1.6B | $1.4B |
| Total assets | $40.1B | $35.1B | $32.7B | $30.3B |
| Accounts payable and accrued expenses | $1.4B | $1.2B | $1.2B | $1.0B |
| Accrued property, plant and equipment | $564.0M | $387.0M | $398.2M | $281.3M |
| Current portion of operating lease liabilities | $155.0M | $144.0M | $130.7M | $139.5M |
| Current portion of finance lease liabilities | $168.0M | $189.0M | $138.7M | $151.4M |
| Current portion of mortgage and loans payable | $17.0M | $5.0M | $7.7M | $9.8M |
| Current portion of senior notes | $1.3B | $1.2B | $998.6M | — |
| Other current liabilities | $340.0M | $232.0M | $301.7M | $251.3M |
| Total current liabilities | $3.9B | $3.3B | $3.2B | $1.8B |
| Operating lease liabilities, less current portion | $1.3B | $1.3B | $1.3B | $1.3B |
| Finance lease liabilities, less current portion | $2.2B | $2.1B | $2.1B | $2.1B |
| Mortgage and loans payable, less current portion | $686.0M | $644.0M | $663.3M | $642.7M |
| Senior notes, less current portion | $16.9B | $13.4B | $12.1B | $12.1B |
| Other liabilities | $983.0M | $760.0M | $795.5M | $797.9M |
| Total liabilities | $26.0B | $21.5B | $20.1B | $18.8B |
| Redeemable non-controlling interest | $25.0M | $25.0M | $25.0M | — |
| 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 | $0.00 | $0.00 | $95000.00 | $93000.00 |
| Additional paid-in capital | $21.6B | $20.9B | $18.6B | $17.3B |
| Treasury stock, at cost; 62 shares in 2025 and 103 shares in 2024 | -24.0M | -39.0M | -56.1M | -72.0M |
| Accumulated dividends | ($12.2B) | ($10.3B) | ($8.7B) | ($7.3B) |
| Accumulated other comprehensive loss | ($1.4B) | ($1.7B) | ($1.3B) | ($1.4B) |
| Retained earnings | $6.1B | $4.7B | $3.9B | $3.0B |
| Total common stockholders' equity | $14.2B | $13.5B | $12.5B | $11.5B |
| Non-controlling interests | ($3.0M) | ($1.0M) | ($395.0K) | ($134.0K) |
| Total stockholders' equity | $14.2B | $13.5B | $12.5B | $11.5B |
| Total liabilities, redeemable non-controlling interest and stockholders' equity | $40.1B | $35.1B | $32.7B | $30.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $979.0M | $1.4B | $2.1B | $3.7B |
| Short-term investments | $1.2B | $1.7B | $854.0M | $872.0M |
| Accounts receivable, net of allowance of $13 and $16 | $1.3B | $1.1B | $1.1B | $1.1B |
| Other current assets | $842.0M | $1.2B | $891.0M | $881.0M |
| Total current assets | $4.3B | $5.3B | $5.0B | $6.5B |
| Property, plant and equipment, net | $25.2B | $24.2B | $21.9B | $21.2B |
| Operating lease right-of-use assets | $1.3B | $1.3B | $1.4B | $1.5B |
| Goodwill | $5.9B | $5.9B | $5.9B | $6.0B |
| Intangible assets, net | $1.2B | $1.3B | $1.3B | $1.4B |
| Other assets | $3.1B | $2.8B | $2.5B | $2.2B |
| Total assets | $41.1B | $40.9B | $38.1B | $38.8B |
| Accounts payable and accrued expenses | $1.3B | $1.3B | $1.3B | $1.2B |
| Accrued property, plant and equipment | $723.0M | $703.0M | $482.0M | $378.0M |
| Current portion of operating lease liabilities | $156.0M | $161.0M | $159.0M | $158.0M |
| Current portion of finance lease liabilities | $176.0M | $173.0M | $157.0M | $211.0M |
| Current portion of mortgage and loans payable | $9.0M | $16.0M | $17.0M | $14.0M |
| Current portion of senior notes | $1.2B | $1.9B | $699.0M | $1.9B |
| Other current liabilities | $323.0M | $288.0M | $280.0M | $368.0M |
| Total current liabilities | $3.8B | $4.5B | $3.1B | $4.2B |
| Operating lease liabilities, less current portion | $1.2B | $1.3B | $1.3B | $1.4B |
| Finance lease liabilities, less current portion | $2.1B | $2.1B | $2.1B | $2.2B |
| Mortgage and loans payable, less current portion | $11.0M | $13.0M | $687.0M | $702.0M |
| Senior notes, less current portion | $18.5B | $17.7B | $15.8B | $15.3B |
| Other liabilities | $1.0B | $930.0M | $861.0M | $932.0M |
| Total liabilities | $26.7B | $26.6B | $23.9B | $24.7B |
| Redeemable non-controlling interest | $25.0M | $25.0M | $25.0M | $25.0M |
| Common stock, $0.001 par value per share: 300,000 shares authorized; 98,731 issued and 98,671 outstanding in 2026 and 98,288 issued and 98,226 outstanding in 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional paid-in capital | $22.0B | $21.9B | $21.5B | $21.3B |
| Treasury stock, at cost; 60 shares in 2026 and 62 shares in 2025 | -23.0M | -24.0M | -24.0M | -30.0M |
| Accumulated dividends | ($13.2B) | ($12.7B) | ($11.7B) | ($11.3B) |
| Accumulated other comprehensive loss | ($1.4B) | ($1.3B) | ($1.4B) | ($1.4B) |
| Retained earnings | $7.0B | $6.5B | $5.8B | $5.5B |
| Total common stockholders' equity | $14.4B | $14.3B | $14.2B | $14.1B |
| Non-controlling interests | ($9.0M) | ($3.0M) | ($2.0M) | ($2.0M) |
| Total stockholders’ equity | $14.4B | $14.3B | $14.2B | $14.1B |
| Total liabilities, redeemable non-controlling interest and stockholders’ equity | $41.1B | $40.9B | $38.1B | $38.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $1.3B | $814.0M | $969.0M | $704.6M |
| Depreciation, amortization and accretion | $2.1B | — | — | — |
| Stock-based compensation | $498.0M | $462.0M | $407.5M | $404.0M |
| Impairment charges | $68.0M | $233.0M | — | $0 |
| (Gain) loss on asset sales | ($1.0M) | ($18.0M) | ($5.0M) | $4.0M |
| Other operating activities | $33.0M | $32.0M | $41.7M | $63.0M |
| Accounts receivable | ($40.0M) | $27.0M | ($150.3M) | ($153.4M) |
| Income taxes, net | ($78.0M) | ($9.0M) | $4.1M | ($7.8M) |
| Operating lease right-of-use assets | $161.0M | $150.0M | $138.7M | $149.1M |
| Operating lease liabilities | ($156.0M) | ($153.0M) | ($126.5M) | ($132.8M) |
| Accounts payable and accrued expenses | $25.0M | $95.0M | $161.3M | $114.6M |
| Other assets and liabilities | ($13.0M) | — | — | — |
| Net cash provided by operating activities | $3.9B | $3.2B | $3.2B | $3.0B |
| Purchases of equity investments | ($60.0M) | ($98.0M) | — | — |
| Distributions from equity investments | $59.0M | $11.0M | — | — |
| Purchases of short-term investments | ($2.0B) | ($520.0M) | — | — |
| Maturity of short-term investments | $1.0B | — | — | — |
| Business acquisitions, net of cash and restricted cash acquired | ($251.0M) | $0 | $0 | ($964.0M) |
| Real estate acquisitions | ($994.0M) | ($337.0M) | ($384.4M) | ($248.3M) |
| Purchases of other property, plant and equipment | ($4.3B) | ($3.1B) | ($2.8B) | ($2.3B) |
| Proceeds from sale of assets, net of cash transferred | $0 | $247.0M | $76.9M | $249.9M |
| Settlement of foreign currency hedges | $104.0M | $83.0M | — | — |
| Investment in loan receivable | ($69.0M) | ($261.0M) | — | — |
| Loan receivable upfront fee | $0 | $4.0M | — | — |
| Net cash used in investing activities | ($6.5B) | ($3.9B) | ($3.2B) | ($3.4B) |
| Proceeds from employee equity awards | 95.0M | 91.0M | 86.8M | 81.5M |
| Payment of dividends | ($1.9B) | ($1.6B) | ($1.4B) | ($1.2B) |
| Proceeds from public offering of common stock, net of issuance costs | $99.0M | $1.7B | $733.7M | $796.0M |
| Proceeds from senior notes, net of debt discounts | $4.3B | $2.8B | $902.1M | $1.2B |
| Repayments of finance lease liabilities | ($155.0M) | ($140.0M) | ($148.9M) | ($134.2M) |
| Contribution from non-controlling interest | $4.0M | $4.0M | $25.0M | — |
| Repayment of senior notes | ($1.2B) | ($1.0B) | $0 | $0 |
| Other financing activities | ($26.0M) | — | — | — |
| Net cash provided by financing activities | $1.3B | $1.7B | $211.4M | $856.8M |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | $43.0M | ($49.0M) | ($15.6M) | ($98.2M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($1.3B) | $986.0M | $188.1M | $358.8M |
| Cash, cash equivalents and restricted cash at beginning of period | $3.1B | $2.1B | $1.9B | $1.5B |
| Cash, cash equivalents and restricted cash at end of period | $1.8B | $3.1B | $2.1B | $1.9B |
| Cash paid for taxes, net | $207.0M | $185.0M | $153.0M | $140.3M |
| Cash paid for interest, net of amounts capitalized | $448.0M | $486.0M | $471.5M | $430.2M |
| Cash and cash equivalents | $1.7B | $3.1B | $2.1B | $1.9B |
| Current portion of restricted cash included in other current assets | $60.0M | $1.0M | $504.0K | $1.7M |
| Non-current portion of restricted cash included in other assets | $37.0M | — | $93.0K | $93.0K |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $1.8B | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $892.0M | $415.0M | $1.1B | $710.0M |
| Depreciation, amortization and accretion | $1.1B | $544.0M | $1.5B | — |
| Stock-based compensation | $273.0M | $128.0M | $370.0M | $240.0M |
| Impairment charges | $19.0M | $2.0M | $5.0M | $1.0M |
| (Gain) loss on asset sales | ($17.0M) | ($20.0M) | ($1.0M) | $0 |
| Other operating activities | $31.0M | ($3.0M) | $21.0M | $27.0M |
| Accounts receivable | ($258.0M) | ($106.0M) | ($180.0M) | ($169.0M) |
| Income taxes, net | ($24.0M) | ($7.0M) | ($91.0M) | ($45.0M) |
| Operating lease right-of-use assets | $79.0M | $41.0M | $122.0M | $79.0M |
| Operating lease liabilities | ($77.0M) | ($35.0M) | ($113.0M) | ($71.0M) |
| Accounts payable and accrued expenses | ($80.0M) | ($62.0M) | ($49.0M) | ($149.0M) |
| Other assets and liabilities | ($155.0M) | ($180.0M) | $84.0M | — |
| Net cash provided by operating activities | $1.8B | $717.0M | $2.8B | $1.8B |
| Purchases of equity investments | ($264.0M) | ($146.0M) | ($54.0M) | ($48.0M) |
| Distributions from equity investments | $33.0M | $0 | $17.0M | $4.0M |
| Purchases of short-term investments | ($789.0M) | ($784.0M) | ($1.1B) | ($795.0M) |
| Maturities and sales of short-term investments | $1.1B | $595.0M | $770.0M | $450.0M |
| Business acquisitions, net of cash acquired | $0 | — | ($182.0M) | ($182.0M) |
| Real estate acquisitions | ($224.0M) | ($123.0M) | ($391.0M) | ($99.0M) |
| Purchases of other property, plant and equipment | ($2.8B) | ($1.3B) | ($2.9B) | ($1.7B) |
| Proceeds from sale of assets, net of cash transferred | $348.0M | $258.0M | $0 | $0 |
| Settlement of foreign currency hedges | $101.0M | ($3.0M) | $95.0M | $50.0M |
| Investment in loan receivable | $0 | — | ($62.0M) | ($45.0M) |
| Net cash used in investing activities | ($2.6B) | ($1.5B) | ($3.8B) | ($2.4B) |
| Proceeds from employee equity programs | 49.0M | 49.0M | 95.0M | 50.0M |
| Payment of dividends | ($1.0B) | ($519.0M) | ($1.4B) | ($928.0M) |
| Proceeds from public offering of common stock, net of issuance costs | $0 | $0 | $99.0M | $99.0M |
| Proceeds from senior notes, net of debt discounts | $2.4B | $1.5B | $2.6B | $2.1B |
| Repayment of finance lease liabilities | ($89.0M) | ($41.0M) | ($111.0M) | ($72.0M) |
| Repayment of other debt | ($682.0M) | ($674.0M) | — | — |
| Repayment of senior notes | ($700.0M) | — | ($1.2B) | — |
| Other financing activities | $26.0M | $42.0M | ($10.0M) | $6.0M |
| Net cash provided by (used in) financing activities | ($6.0M) | $349.0M | $47.0M | $1.2B |
| Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash | ($11.0M) | ($6.0M) | $43.0M | $53.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($808.0M) | ($399.0M) | ($917.0M) | $608.0M |
| Cash, cash equivalents and restricted cash at beginning of period | $1.8B | $1.8B | $3.1B | $3.1B |
| Cash, cash equivalents and restricted cash at end of period | $1.0B | $1.4B | $2.2B | $3.7B |
| Cash and cash equivalents | $979.0M | $1.4B | $2.1B | $3.7B |
| Current portion of restricted cash included in other current assets | $1.0M | $59.0M | $60.0M | $5.0M |
| Non-current portion of restricted cash included in other assets | $36.0M | $4.0M | $28.0M | $25.0M |
| Total cash, cash equivalents and restricted cash at end of period | $1.0B | $1.4B | $2.2B | $3.7B |
Equinix Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.