Equinix Income Statement
EQIX / Real Estate|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Equinix reported $9.2B in revenue and $1.4B in net income for FY2025. Revenue has grown at a 13.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2B | $8.7B | $8.2B | $7.3B | $6.6B | $6.0B | $5.6B | $5.1B | $4.4B | $3.6B | $2.7B | $2.4B | $2.2B | $1.9B | $1.6B |
| Cost of Revenue | $4.5B | $4.5B | $4.2B | $3.8B | $3.5B | $3.1B | $2.8B | $2.6B | $2.2B | $1.8B | $1.3B | $1.2B | $1.1B | $944.6M | $829.0M |
| Gross Profit | - | - | - | - | - | - | $681.2M | $593.4M | $480.6M | $416.5M | $344.9M | $292.5M | $257.5M | $226.1M | $168.5M |
| SG&A Expense | $1.8B | $1.8B | $1.7B | $1.5B | $1.3B | $1.1B | $935.0M | $826.7M | $745.9M | $694.6M | $493.3M | $438.0M | $374.8M | $328.3M | $265.6M |
| Operating Income | $1.8B | $1.3B | $1.4B | $1.2B | $1.1B | $1.1B | $1.2B | $977.4M | $809.0M | $618.7M | $567.3M | $509.3M | $460.9M | $392.9M | $305.9M |
| Interest Expense | - | - | $402.0M | $356.3M | $336.1M | $406.5M | $479.7M | $521.5M | $478.7M | $392.2M | $299.1M | $270.6M | $248.8M | $200.3M | $181.3M |
| Income Tax | $160.0M | $161.0M | $155.0M | $124.0M | $109.2M | $146.2M | $185.4M | $67.7M | $53.9M | $45.5M | $23.2M | $345.5M | $16.2M | $58.6M | $37.3M |
| Net Income | $1.4B | $815.0M | $969.0M | $705.0M | $500.2M | $369.8M | $507.4M | $365.4M | $233.0M | $126.8M | $187.8M | -$259.5M | $94.7M | $140.0M | $94.8M |
| EPS (Basic) | $13.79 | $7.69 | $5.57 | $4.22 | $6.03 | $4.58 | $3.03 | $1.81 | $3.25 | -$4.96 | $1.92 | $2.92 | $1.77 | $0.84 | $1.80 |
| EPS (Diluted) | $13.76 | $7.67 | $5.53 | $4.18 | $5.99 | $4.56 | $3.00 | $1.79 | $3.21 | -$4.96 | $1.89 | $2.83 | $1.74 | $0.82 | $1.75 |
| Shares Outstanding | 98.2M | 94.5M | 92.6M | 90.6M | 89.1M | 85.3M | 80.7M | 79.0M | 71.4M | 62.1M | 56.5M | 49.6M | 48.8M | 46.7M | 46.2M |
| Gross Margin | - | - | - | - | - | - | 12.3% | 11.7% | 11.0% | 11.5% | 12.7% | 12.0% | 12.0% | 12.0% | 10.8% |
| Operating Margin | 20.1% | 15.2% | 17.6% | 16.5% | 16.7% | 17.5% | 21.0% | 19.3% | 18.5% | 17.1% | 20.8% | 20.8% | 21.4% | 20.8% | 19.5% |
| Profit Margin | 14.6% | 9.3% | 11.8% | 9.7% | 7.5% | 6.2% | 9.1% | 7.2% | 5.3% | 3.5% | 6.9% | -10.6% | 4.4% | 7.4% | 6.0% |