Equinix Inc. (EQIX)

Name: Equinix Inc. (EQIX): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Equinix Inc. (EQIX) reported revenue of $2.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 16.4% on the same quarter a year earlier. Net income was $479 million, up 30.2% on the year, and diluted earnings per share $4.83. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$2.6 billionup 16.4%

Net income$479 millionup 30.2%

Diluted EPS$4.83

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE10.7%

ROCE6.2%

Operating margin21.8%

Net margin15.6%

FCF margin-14.9%

Interest cover3.76

Debt to equity1.38

Cash conversion2.57

Share count, 1 year0.8%

Sales CAGR, 3 years8.3%

Profit CAGR, 3 years24.2%

EPS, TTM$15.54

At the close of 21 September 2026

Price$1,057.26

Market cap$104.3 billion

Stock P/E68.03

Price to book7.25

EV / EBITDA28.64

Dividend yield1.9%

Market cap / sales10.64

52-week high$1,115.94

52-week low$726.09

Price, 1 year33.6%

Price CAGR, 3 years13.0%

Price CAGR, 5 years4.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Equinix Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on EQIX

Filings	28 in twelve months: 21 current reports (8-K), about 7 other events; 7 officer or director change; 4 results of operations; 2 regulation fd disclosure; 1 material agreement
Planned insider sales	59 Form 144 notices in twelve months, $60.9 million; latest 4 September 2026
Options tape	put/call 3.49 by open interest on 23 September 2026; the straddle prices a 5.8% move to 16 October 2026
Holders	13 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading	285 sales and 0 purchases on Form 4 in twelve months
Congress	3 House trades disclosed in six months
Short interest	1.6 million shares short, 3.07 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	2,061	2,110	2,127	2,159	2,201	2,261	2,225	2,256	2,316	2,420	2,444	2,625
Cost of revenue	1,069	1,092	1,091	1,082	1,098	1,196	1,084	1,084	1,142	1,198	1,186	1,230
Gross profit	992	1,019	1,036	1,077	1,103	1,065	1,141	1,172	1,174	1,222	1,258	1,395
Gross margin	48%	48%	49%	50%	50%	47%	51%	52%	51%	50%	51%	53%
Operating income	380	346	364	436	425	103	458	494	474	422	577	665
Operating margin	18%	16%	17%	20%	19%	5%	21%	22%	20%	17%	24%	25%
Interest expense	101	103	104	110	117	126	122	135	128	142	148	151
Pre-tax income	296	270	277	348	350	0.0	392	405	399	312	471	523
Tax rate	7%	16%	17%	14%	15%	n/a	12%	9%	6%	15%	12%	9%
Net income	276	228	231	301	297	-14.0	343	368	374	265	415	479
Net margin	13%	11%	11%	14%	13%	-1%	15%	16%	16%	11%	17%	18%
Diluted EPS	$2.93	$2.40	$2.43	$3.16	$3.10	-$0.19	$3.50	$3.75	$3.81	$2.70	$4.20	$4.83
Operating cash flow	785	999	598	912	758	981	809	944	1,014	1,144	717	1,067
Capital expenditure	618	996	707	648	724	987	750	989	1,136	1,436	1,256	1,578
Free cash flow	168	3.0	-109	264	34.0	-6.0	59.0	-45.0	-122	-292	-539	-511
Dividends paid	325	403	412	405	413	413	468	460	467	461	519	510
Shares outstanding	94m	94m	95m	95m	96m	97m	98m	98m	98m	98m	99m	99m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015	FY2016 †	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023	FY2024	FY2025	TTM
Revenue	2,444	2,726	3,612	4,368	5,072	5,562	5,999	6,636	7,263	8,188	8,748	9,217	9,805
Cost of revenue	1,198	1,292	1,821	2,193	2,605	2,810	3,074	3,472	3,752	4,228	4,467	4,508	4,756
Gross profit	1,246	1,434	1,791	2,175	2,466	2,752	2,924	3,163	3,512	3,960	4,281	4,709	5,049
Gross margin	51.0%	52.6%	49.6%	49.8%	48.6%	49.5%	48.7%	47.7%	48.3%	48.4%	48.9%	51.1%	51.5%
Operating income	509	567	619	809	977	1,170	1,053	1,108	1,201	1,443	1,328	1,848	2,138
Operating margin	20.8%	20.8%	17.1%	18.5%	19.3%	21.0%	17.6%	16.7%	16.5%	17.6%	15.2%	20.0%	21.8%
Interest expense	271	299	392	479	521	480	406	336	356	402	457	527	569
Pre-tax income	84.7	211	160	287	433	693	516	609	829	1,124	975	1,508	1,705
Income tax	345	23.2	45.5	53.9	67.7	185	146	109	124	155	161	160	175
Effective tax rate	407.7%	11.0%	28.4%	18.8%	15.6%	26.8%	28.3%	17.9%	15.0%	13.8%	16.5%	10.6%	10.3%
Net income	-260	188	127	233	365	507	370	500	704	969	815	1,350	1,533
Net margin	-10.6%	6.9%	3.5%	5.3%	7.2%	9.1%	6.2%	7.5%	9.7%	11.8%	9.3%	14.6%	15.6%
Diluted EPS	-$4.96	$3.21	$1.79	$3.00	$4.56	$5.99	$4.18	$5.53	$7.67	$10.31	$8.50	$13.76	$15.54
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015	FY2016 †	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023	FY2024	FY2025	TTM
Operating cash flow	689	895	1,019	1,439	1,815	1,993	2,310	2,547	2,963	3,217	3,249	3,911	3,942
Capital expenditure	660	868	1,113	1,379	2,096	2,080	2,283	2,752	2,278	2,781	3,066	4,311	5,406
Free cash flow	29.2	26.7	-94.0	60.5	-281	-86.8	27.3	-204	685	436	183	-400	-1,464
Free cash flow margin	1.2%	1.0%	-2.6%	1.4%	-5.5%	-1.6%	0.5%	-3.1%	9.4%	5.3%	2.1%	-4.3%	-14.9%
Depreciation and amortisation	482	526	837	1,042	1,227	1,285	1,423	1,656	1,736	1,845	2,009	2,050	2,164
Share-based compensation	118	132	156	176	181	237	295	364	404	408	462	498	531
Buybacks	298	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	83.3	521	499	621	739	836	948	1,043	1,151	1,374	1,643	1,856	1,957
Dividend per share	n/a	$17.71	$7.00	$8.00	$9.12	$9.84	$10.64	$11.48	$12.40	$14.49	$17.04	$18.76	$19.70
Diluted shares, weighted	52m	58m	71m	78m	80m	85m	88m	90m	92m	94m	96m	98m	99m
Shares outstanding at period end	56m	62m	71m	79m	81m	85m	89m	91m	93m	94m	97m	98m	99m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015	FY2016 †	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023	FY2024	FY2025	TTM
Total assets	7,782	10,357	12,608	18,691	20,245	23,966	27,007	27,919	30,311	32,651	35,085	40,141	41,076
Cash and equivalents	611	2,229	748	1,413	606	1,870	1,605	1,536	1,906	2,096	3,081	1,727	979
Receivables	263	292	396	576	630	689	677	682	855	1,004	949	1,001	1,256
Goodwill	1,002	1,063	2,986	4,412	4,836	4,782	5,473	5,372	5,654	5,737	5,504	5,984	5,912
Long-term debt	3,504	5,246	5,310	8,470	9,891	10,401	10,634	11,722	12,881	13,841	15,334	n/a	19,873
Borrowings, as the company tags them	2,717	3,805	3,811	6,924	8,129	8,310	9,018	10,984	12,110	12,062	13,363	16,910	18,519
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	1,316	1,309	1,107	1,273	1,331	1,331	1,304	1,211
Finance lease liabilities	n/a	n/a	n/a	n/a	0.0	1,431	1,785	1,990	2,144	2,122	2,086	2,187	2,104
Shareholders' equity	2,270	2,745	4,366	6,850	7,219	8,841	10,634	10,882	11,506	12,489	13,528	14,156	14,382
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	13.0%	9.0%	8.3%	9.6%
Profit growth, compounded	21.8%	29.6%	24.2%	54.2%
Return on equity, average	5.5%	6.8%	7.8%	9.5%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Real Estate Investment Trusts

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Welltower Inc. WELL	$164.0 billion	115.80	3.2%	-2.8%	37.6%	0.41	1.2%
Prologis, Inc. PLD	$126.6 billion	34.21	6.9%	52.4%	6.7%	0.65	0.0%
Equinix Inc. EQIX	$104.3 billion	68.03	10.7%	21.8%	9.6%	1.38	1.9%
American Tower Corp. AMT	$81.4 billion	23.98	91.4%	44.8%	6.6%	8.59	3.9%
Simon Property Group Inc. SPG	$66.4 billion	14.46	104.1%	47.4%	15.0%	6.47	4.2%
Digital Realty Trust, Inc. DLR	$65.0 billion	49.42	5.9%	11.5%	12.6%	0.92	n/a
Realty Income Corp. O	$53.6 billion	41.35	3.2%	20.1%	10.9%	0.63	5.7%
Public Storage PSA	$52.1 billion	28.34	22.2%	39.0%	3.0%	1.11	4.0%
Ventas, Inc. VTR	$44.6 billion	161.17	1.8%	3.3%	21.5%	0.87	2.2%
Iron Mountain Inc. IRM	$34.8 billion	82.90	n/a	18.8%	17.4%	n/a	2.9%
Crown Castle Inc. CCI	$31.2 billion	n/a	n/a	n/a	n/a	n/a	5.8%
Extra Space Storage Inc. EXR	$29.0 billion	30.41	7.2%	40.9%	4.2%	1.88	4.7%
Vici Properties Inc. VICI	$26.5 billion	9.32	9.5%	n/a	4.4%	0.58	7.5%
Vivmark Residential VMRK	$22.8 billion	19.48	11.2%	57.7%	4.3%	0.58	3.5%
SBA Communications Corp. SBAC	$18.7 billion	19.00	n/a	47.6%	5.4%	n/a	n/a
Essex Property Trust, Inc. ESS	$17.4 billion	42.27	7.8%	32.5%	4.7%	1.20	3.8%
Host Hotels & Resorts, Inc. HST	$15.3 billion	14.87	16.1%	14.6%	4.9%	0.19	4.3%
Weyerhaeuser Co. WY	$15.1 billion	31.36	5.0%	12.3%	-2.6%	0.56	4.0%
Kimco Realty Corp. KIM	$15.1 billion	25.01	5.9%	36.0%	4.4%	0.81	4.5%
Healthpeak Properties, Inc. DOC	$14.3 billion	59.20	3.1%	5.1%	5.5%	1.28	5.9%
MID America Apartment Communities Inc. MAA	$13.8 billion	36.02	7.0%	62.0%	0.8%	1.02	5.1%
Regency Centers Corp. REG	$13.4 billion	n/a	7.9%	72.3%	7.8%	0.73	3.9%
Udr, Inc. UDR	$11.0 billion	23.05	14.9%	38.5%	2.1%	1.72	5.1%
Bxp, Inc. BXP	$10.2 billion	34.48	5.8%	28.3%	1.9%	0.57	4.8%
Camden Property Trust CPT	$9.9 billion	32.72	8.6%	n/a	56.8%	1.28	4.3%
Federal Realty Investment Trust FRT	$9.6 billion	19.17	15.3%	53.6%	7.4%	0.41	4.0%
Alexandria Real Estate Equities, Inc. ARE	$9.3 billion	n/a	-6.6%	-69.8%	-8.4%	0.82	8.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	29 July 2026	EDGAR
10-Q	31 March 2026	29 April 2026	EDGAR
10-K	31 December 2025	11 February 2026	EDGAR
10-Q	30 September 2025	29 October 2025	EDGAR
10-Q	30 June 2025	30 July 2025	EDGAR
10-Q	31 March 2025	30 April 2025	EDGAR
10-K	31 December 2024	12 February 2025	EDGAR
10-Q	30 September 2024	30 October 2024	EDGAR
10-Q	30 June 2024	7 August 2024	EDGAR
10-Q	31 March 2024	8 May 2024	EDGAR

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