EQUINIX INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 1,299 | 8.4 |
| Stockholders' equity | 14,156 | 91.6 |
| Total capitalization | 15,455 | 100.0 |
98,671,686 shares outstanding at 28 July 2026 (cover page of the 10-Q filed 29 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Current maturities | 1,299 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 300,000,000 |
| Common shares issued | 98,288,000 |
| Treasury shares | 62,000 |
| Par or stated value per share ($) | 0.001 |
| Outstanding at 7/28/26 | 98,671,686 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 18.76 | 136.3 |
| 2024 | 17.04 | 200.5 |
| 2023 | 14.49 | 140.5 |
| 2022 | 12.40 | 161.7 |
| 2021 | 11.48 | 207.6 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: One Lagoon Drive, Redwood City, CA 94065. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total revenues | 9,217 | 8,748 | 8,188 |
| Depreciation and amortization | 2,050 | 2,009 | 1,845 |
| Operating income | 1,848 | 1,328 | 1,443 |
| Interest expense | 527 | 457 | 402 |
| Net income | 1,350 | 815 | 969 |
| Earned per share, diluted ($) | 13.76 | 8.50 | 10.31 |
| Dividends per share ($) | 18.76 | 17.04 | 14.49 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,727 | 3,081 |
| Total assets | 40,141 | 35,085 |
| Debt | – | 15,334 |
| Total liabilities | 25,963 | 21,533 |
| Stockholders' equity | 14,156 | 13,528 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 9,217 | 1,848 | 1,350 | 14.6 | 13.76 | 18.76 | 3,911 | 4,311 | (400) | 40,141 | 25,963 | 1,299 | 14,156 | 9.5 | 0.09 |
| 12/31/24 | 8,748 | 1,328 | 815 | 9.3 | 8.50 | 17.04 | 3,249 | 3,066 | 183 | 35,085 | 21,533 | 15,334 | 13,528 | 6.0 | 1.13 |
| 12/31/23 | 8,188 | 1,443 | 969 | 11.8 | 10.31 | 14.49 | 3,217 | 2,781 | 436 | 32,651 | 20,137 | 13,841 | 12,489 | 7.8 | 1.11 |
| 12/31/22 | 7,263 | 1,200 | 705 | 9.7 | 7.67 | 12.40 | 2,963 | 2,278 | 685 | 30,311 | 18,805 | 12,881 | 11,506 | 6.1 | 1.12 |
| 12/31/21 | 6,636 | 1,108 | 500 | 7.5 | 5.53 | 11.48 | 2,547 | 2,752 | (204) | 27,919 | 17,037 | 11,722 | 10,882 | 4.6 | 1.08 |
| 12/31/20 | 5,999 | 1,053 | 370 | 6.2 | 4.18 | 10.64 | 2,310 | 2,283 | 27 | 27,007 | 16,373 | 10,634 | 10,634 | 3.5 | 1.00 |
| 12/31/19 | 5,562 | 1,170 | 507 | 9.1 | 5.99 | 9.84 | 1,993 | 2,080 | (87) | 23,966 | 15,125 | 10,401 | 8,841 | 5.7 | 1.18 |
| 12/31/18 | 5,072 | 977 | 365 | 7.2 | 4.56 | 9.12 | 1,815 | 2,096 | (281) | 20,245 | 13,025 | 9,891 | 7,219 | 5.1 | 1.37 |
| 12/31/17 | 4,368 | 809 | 233 | 5.3 | 3.00 | 8.00 | 1,439 | 1,379 | 61 | 18,691 | 11,842 | 8,470 | 6,850 | 3.4 | 1.24 |
| 12/31/16 | 3,612 | 619 | 127 | 3.5 | 1.79 | 7.00 | 1,019 | 1,113 | (94) | 12,608 | 8,243 | 5,310 | 4,366 | 2.9 | 1.22 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
EQUINIX INC
CIK 1101239 · EIN 77-0487526
PRINCIPAL OFFICE:
One Lagoon Drive, Redwood City, CA 94065
Tel.: (650) 598-6000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6798 · Real Estate Investment Trusts
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 11 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/11/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/16/24) · 10-K FY2022 (filed 2/17/23) · 10-K FY2021 (filed 2/18/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/21/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.