EQUINIX INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $9.2B | $8.7B | $8.2B | $7.3B | $6.6B |
| Cost of revenue | $4.5B | $4.5B | $4.2B | $3.8B | $3.5B |
| Operating income | $1.8B | $1.3B | $1.4B | $1.2B | $1.1B |
| Interest expense | $527.0M | $457.0M | $402.0M | $356.3M | $336.1M |
| Pretax income | $1.5B | $975.0M | $1.1B | $829.0M | $609.0M |
| Income tax expense | $160.0M | $161.0M | $155.0M | $124.0M | $109.2M |
| Net income | $1.4B | $815.0M | $969.0M | $705.0M | $500.2M |
| Balance Sheet | |||||
| Cash and equivalents | $1.7B | $3.1B | $2.1B | $1.9B | $1.5B |
| Current assets | $5.1B | $5.4B | $3.6B | $3.3B | $3.0B |
| Total assets | $40.1B | $35.1B | $32.7B | $30.3B | $27.9B |
| Current liabilities | $3.9B | $3.3B | $3.2B | $1.8B | $1.6B |
| Total liabilities | $26.0B | $21.5B | $20.1B | $18.8B | $17.0B |
| Total debt | $19.1B | — | — | — | $618.4M |
| Stockholders' equity | $14.2B | $13.5B | $12.5B | $11.5B | $10.9B |
| Cash Flow Statement | |||||
| Cash from operations | $3.9B | $3.2B | $3.2B | $3.0B | $2.5B |
| Depreciation and amortization | $2.0B | $2.0B | $1.8B | $1.7B | $1.7B |
| Stock-based compensation | $498.0M | $462.0M | $407.0M | $404.0M | $363.8M |
| Capital expenditure | $4.3B | $3.1B | $2.8B | $2.3B | $2.8B |
| Free cash flow | -$400.0M | $183.0M | $436.0M | $685.0M | -$204.3M |
| Dividends paid | $1.9B | $1.6B | $1.4B | $1.2B | $1.0B |
| Impairments | $68.0M | $233.0M | $0 | $0 | $0 |
Shares outstanding 98.6M · Free float 99.1%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.