Equinix Inc (EQIX) stock
EQIXNasdaqReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 14/3046% above fair value
$1053.79−18.98 (-1.77%)
Close on Nov 13, 2026Market cap $104.31BP/E 63.3Yield 1.78%
Equinix operating margin
Operating margin is operating income as a percentage of revenue.
Equinix's operating margin for the twelve months ending Sep 30, 2026 was 22.5%. For fiscal 2025 it was 20.0%, against 15.2% the year before. The highest annual figure on record is 21.4% in fiscal 2013.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.0% | +4.9 |
| FY2024 | Dec 31, 2024 | 15.2% | −2.4 |
| FY2023 | Dec 31, 2023 | 17.6% | +1.1 |
| FY2022 | Dec 31, 2022 | 16.5% | −0.2 |
| FY2021 | Dec 31, 2021 | 16.7% | −0.9 |
| FY2020 | Dec 31, 2020 | 17.6% | −3.5 |
| FY2019 | Dec 31, 2019 | 21.0% | +1.8 |
| FY2018 | Dec 31, 2018 | 19.3% | +0.8 |
| FY2017 | Dec 31, 2017 | 18.5% | +1.4 |
| FY2016 | Dec 31, 2016 | 17.1% | −3.7 |
| FY2015 | Dec 31, 2015 | 20.8% | −0.0 |
| FY2014 | Dec 31, 2014 | 20.8% | −0.6 |
| FY2013 | Dec 31, 2013 | 21.4% | +0.6 |
| FY2012 | Dec 31, 2012 | 20.8% | +1.3 |
| FY2011 | Dec 31, 2011 | 19.5% | +3.4 |
| FY2010 | Dec 31, 2010 | 16.2% | −4.3 |
| FY2009 | Dec 31, 2009 | 20.5% | +10.1 |
| FY2008 | Dec 31, 2008 | 10.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 23.3% | +2.9 |
| Q2 FY2026 | Jun 30, 2026 | 25.3% | +3.4 |
| Q1 FY2026 | Mar 31, 2026 | 23.6% | +3.0 |
| Q4 FY2025 | Dec 31, 2025 | 17.4% | +12.9 |
| Q3 FY2025 | Sep 30, 2025 | 20.5% | +1.2 |
| Q2 FY2025 | Jun 30, 2025 | 21.9% | +1.7 |
| Q1 FY2025 | Mar 31, 2025 | 20.6% | +3.5 |
| Q4 FY2024 | Dec 31, 2024 | 4.6% | −11.8 |
| Q3 FY2024 | Sep 30, 2024 | 19.3% | +0.8 |
| Q2 FY2024 | Jun 30, 2024 | 20.2% | +3.8 |
| Q1 FY2024 | Mar 31, 2024 | 17.1% | −0.1 |
| Q4 FY2023 | Dec 31, 2023 | 16.4% | +1.3 |
| Q3 FY2023 | Sep 30, 2023 | 18.5% | +0.4 |
| Q2 FY2023 | Jun 30, 2023 | 16.4% | −1.0 |
| Q1 FY2023 | Mar 31, 2023 | 17.3% | +1.8 |
| Q4 FY2022 | Dec 31, 2022 | 15.1% | +0.4 |
| Q3 FY2022 | Sep 30, 2022 | 18.1% | +1.3 |
| Q2 FY2022 | Jun 30, 2022 | 17.5% | +0.7 |
| Q1 FY2022 | Mar 31, 2022 | 15.4% | −3.2 |
| Q4 FY2021 | Dec 31, 2021 | 14.6% | +0.0 |
| Q3 FY2021 | Sep 30, 2021 | 16.8% | −2.1 |
| Q2 FY2021 | Jun 30, 2021 | 16.8% | −2.4 |
| Q1 FY2021 | Mar 31, 2021 | 18.6% | +1.1 |
| Q4 FY2020 | Dec 31, 2020 | 14.6% | −7.5 |
| Q3 FY2020 | Sep 30, 2020 | 19.0% | −1.5 |
| Q2 FY2020 | Jun 30, 2020 | 19.2% | −1.9 |
| Q1 FY2020 | Mar 31, 2020 | 17.5% | −3.0 |
| Q4 FY2019 | Dec 31, 2019 | 22.1% | +1.4 |
| Q3 FY2019 | Sep 30, 2019 | 20.4% | −0.3 |
| Q2 FY2019 | Jun 30, 2019 | 21.1% | +4.0 |
| Q1 FY2019 | Mar 31, 2019 | 20.5% | +1.9 |
| Q4 FY2018 | Dec 31, 2018 | 20.7% | +1.3 |
| Q3 FY2018 | Sep 30, 2018 | 20.7% | +1.2 |
| Q2 FY2018 | Jun 30, 2018 | 17.0% | −0.3 |
| Q1 FY2018 | Mar 31, 2018 | 18.6% | +1.0 |
| Q4 FY2017 | Dec 31, 2017 | 19.3% | −0.2 |
| Q3 FY2017 | Sep 30, 2017 | 19.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 17.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 17.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 19.6% | – |
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