Company / Cost of Revenue
Equinix Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$4.5B
FY2025
5-year range
$3.5B / $4.5B
FY2021-FY2025
Trend
+0.9%
vs FY2024
Sector context
#4 of 32
Real Estate
What the data says
Equinix's cost of revenue of $4.5B is higher than 88% of companies in the Real Estate sector (FY2025). Cost of Revenue has increased for 9 consecutive years, from $1.8B in FY2016 to $4.5B in FY2025.
Based on SEC 10-K filings.
$4.5B in FY2025 with a 5-year CAGR of +8.0%. Top quartile in the Real Estate sector.
Increased from $4.2B to $4.5B over the past 2 years.
Real Estate sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +6.3%
- 5-Year CAGR
- +8.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 12% in Real EstateTop 88% of 32This company $4.5B Sector average $2.2B
▼
+103.5% above sector average
Key checks
Key Insights
- Equinix's cost of revenue has grown for 9 consecutive years.
- 5-year CAGR of +8.0%, indicating consistent growth.
- In FY2025, cost of revenue increased 0.9% year-over-year.
- Ranks #4 out of 32 companies in the Real Estate sector.
Company context
Key Data Points
- Altman Z-Score 0.75 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $4.5B | +0.9% |
| FY2024 | $4.5B | +5.7% |
| FY2023 | $4.2B | +12.7% |
| FY2022 | $3.8B | +8.0% |
| FY2021 | $3.5B | +12.9% |
| FY2020 | $3.1B | +9.4% |
| FY2019 | $2.8B | +7.9% |
| FY2018 | $2.6B | +18.8% |
| FY2017 | $2.2B | +20.4% |
| FY2016 | $1.8B | +41.0% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026