Equinix runs data centers where companies house their servers and connect directly with network operators and cloud providers. The company operates more than 250 sites on all continents and is organized as a real estate investment trust (REIT). As of Oct 13, 2026
As of Oct 13, 2026Fact sheet (from the annual report)Real estate investment trusts (REITs) · Redwood City, USAfull fact sheet
Equinix is a Delaware corporation founded in June 1998 and a real estate company with REIT tax status. The company operates data centers worldwide, organized into the regions Americas and EMEA as well as the Asia-Pacific region. In neutral colocation data centers, customers rent space and power and connect directly with networks, cloud providers and business partners. Billing is generally based on space and power used under fixed-term contracts and generates monthly recurring revenue. Customers include telecommunications and network providers, cloud and information technology providers, media companies and financial services firms.
Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze
Price performance at a glance
Last 30 trading days
Today+3.3%
7 days+1.2%
30 days−0.9%
1 year+18.6%
Day range (last trading day)
−2.3%Price at 96% of the range+0.1%
52-week range
−27.9%Price at 68% of the range+12.9%
Distance from the all-time high
−11.5%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
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SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Equinix · Sector Real Estate · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 11, 2026.
In short
Light green: Revenue grew over 5 years (+9.0% per year), at least as fast as the sector median.
Light green: Net income (total) grew over 5 years (+29.6% per year), at least as fast as the sector median; per share +26.9% per year.
Light yellow: Net margin 14.6%, below the sector median (20.8%).
Light yellow: Debt higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
02.5B5B7.5B10B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 3.6B USD · Net income 126.8M USD · Net margin 3.5%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 4.4B USD · Net income 233.0M USD · Net margin 5.3%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 5.1B USD · Net income 365.4M USD · Net margin 7.2%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 5.6B USD · Net income 507.5M USD · Net margin 9.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 6.0B USD · Net income 369.8M USD · Net margin 6.2%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 6.6B USD · Net income 500.2M USD · Net margin 7.5%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 7.3B USD · Net income 704.3M USD · Net margin 9.7%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 8.2B USD · Net income 969.2M USD · Net margin 11.8%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.7B USD · Net income 815.0M USD · Net margin 9.3%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 9.2B USD · Net income 1.4B USD · Net margin 14.6%
Margin
4%5%7%9%6%8%10%12%9%15%
RevenueNet incomeNet margin (below)in USD
−1B01B2B3B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 2.1B USD · Net income 275.8M USD · Net margin 13.4%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 2.1B USD · Net income 227.6M USD · Net margin 10.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.1B USD · Net income 231.0M USD · Net margin 10.9%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.2B USD · Net income 301.0M USD · Net margin 13.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.2B USD · Net income 297.0M USD · Net margin 13.5%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.3B USD · Net income −14.0M USD · Net margin −0.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 2.2B USD · Net income 343.0M USD · Net margin 15.4%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.3B USD · Net income 368.0M USD · Net margin 16.3%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.3B USD · Net income 374.0M USD · Net margin 16.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 2.4B USD · Net income 265.0M USD · Net margin 11.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 2.4B USD · Net income 415.0M USD · Net margin 17.0%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 2.6B USD · Net income 479.0M USD · Net margin 18.2%
Margin
13%11%11%14%13%−1%15%16%16%11%17%18%
Earnings per shareUSD per share
05.001015
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 1.79 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 3.00 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 4.56 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 5.99 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 4.18 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 5.53 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 7.67 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 10.31 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 8.50 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 13.76 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 4.20 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 4.83 USD
Dividend per sharePayout ratio (below)USD per share
05.00101520
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 7.00 USD · Payout ratio 391.1%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 8.00 USD · Payout ratio 266.7%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 9.12 USD · Payout ratio 200.0%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 9.84 USD · Payout ratio 164.3%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 10.64 USD · Payout ratio 254.5%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 11.48 USD · Payout ratio 207.6%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 12.40 USD · Payout ratio 161.7%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 14.49 USD · Payout ratio 140.5%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 17.04 USD · Payout ratio 200.5%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 18.76 USD · Payout ratio 136.3%
Ratio
391%267%200%164%255%208%162%141%200%136%
Dividend per sharePayout ratio (below)USD per share
02.004.006.00
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 3.41 USD · Payout ratio 116.4%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 4.26 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 4.26 USD · Payout ratio 175.3%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 4.26 USD · Payout ratio 134.8%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 4.26 USD · Payout ratio 137.4%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 4.26 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 4.69 USD · Payout ratio 134.0%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 4.69 USD · Payout ratio 125.1%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 4.69 USD · Payout ratio 123.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 4.69 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 5.16 USD · Payout ratio 122.9%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 5.16 USD · Payout ratio 106.8%
Ratio
116%175%135%137%134%125%123%123%107%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 9.2B USD · Net income 1.4B USD · Net margin 14.6%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+9.0%per year, last 5 years
Sector Real Estate: median +9.0% (31 symbols)
What does this mean? Revenue: over 5 years it grew by 9.0% per year on average – at least as fast as the median company in the sector (+9.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+29.6%per year, last 5 years
Sector Real Estate: median +10.6% (28 symbols)
per share: +26.9% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 29.6% per year on average – at least as fast as the median company in the sector (+10.6%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 14.65 USD remained as profit – less than the median company in the sector (20.8%). Five years ago the margin was 6.2%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light yellow: higher than sector
1.38latest balance sheet
Sector Real Estate: median 0.82 (21 symbols)
What does this mean? For every 1 USD of equity there is 1.38 USD of financial debt – more than the median company in the sector (0.82). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: little meaning
136%Dividend / earnings per share
Sector Real Estate: median 129% (24 symbols)
What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
9.2B USD
Revenue vs. prior year
+5.4%
Net income (FY)
1.4B USD
Net income vs. prior year
+65.6%
EPS (FY)
13.76 USD
13F funds with a position
3 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−2.0%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 11, 2026 · Balance sheet Jun 30, 2026 (filed Jul 29, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
9.2B
1.4B
14.6%
13.76
18.76
136%
2024
Dec 31, 2024
8.7B
815.0M
9.3%
8.50
17.04
200%
2023
Dec 31, 2023
8.2B
969.2M
11.8%
10.31
14.49
141%
2022
Dec 31, 2022
7.3B
704.3M
9.7%
7.67
12.40
162%
2021
Dec 31, 2021
6.6B
500.2M
7.5%
5.53
11.48
208%
2020
Dec 31, 2020
6.0B
369.8M
6.2%
4.18
10.64
255%
2019
Dec 31, 2019
5.6B
507.5M
9.1%
5.99
9.84
164%
2018
Dec 31, 2018
5.1B
365.4M
7.2%
4.56
9.12
200%
2017
Dec 31, 2017
4.4B
233.0M
5.3%
3.00
8.00
267%
2016
Dec 31, 2016
3.6B
126.8M
3.5%
1.79
7.00
391%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
2.6B
479.0M
18.2%
4.83
5.16
107%
Q1/26
Mar 31, 2026
2.4B
415.0M
17.0%
4.20
5.16
123%
Q4/25*
Dec 31, 2025
2.4B
265.0M
11.0%
–
4.69
–
Q3/25
Sep 30, 2025
2.3B
374.0M
16.1%
3.81
4.69
123%
Q2/25
Jun 30, 2025
2.3B
368.0M
16.3%
3.75
4.69
125%
Q1/25
Mar 31, 2025
2.2B
343.0M
15.4%
3.50
4.69
134%
Q4/24*
Dec 31, 2024
2.3B
−14.0M
−0.6%
–
4.26
–
Q3/24
Sep 30, 2024
2.2B
297.0M
13.5%
3.10
4.26
137%
Q2/24
Jun 30, 2024
2.2B
301.0M
13.9%
3.16
4.26
135%
Q1/24
Mar 31, 2024
2.1B
231.0M
10.9%
2.43
4.26
175%
Q4/23*
Dec 31, 2023
2.1B
227.6M
10.8%
–
4.26
–
Q3/23
Sep 30, 2023
2.1B
275.8M
13.4%
2.93
3.41
116%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Sep 2, 2026Paladin Michael ShaneOfficerOpen-market sale · 10b5-1 plan150 shares · $152.8K · SEC
Sep 2, 2026Paladin Michael ShaneOfficerOpen-market sale · 10b5-1 plan53 shares · $53.4K · SEC
Aug 20, 2026Pletcher KurtOfficerOpen-market sale · 10b5-1 plan135 shares · $145.2K · SEC
Aug 18, 2026Paisley Christopher BDirectorOpen-market sale · 10b5-1 plan125 shares · $137.9K · SEC
Aug 3, 2026Paisley Christopher BDirectorOpen-market sale4,000 shares · $4.1M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -15
Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)24.6
Rel. strength 60 d−4.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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