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Equinix
(NASDAQ:EQIX)
Equinix (EQIX) vs. SPDR S&P 500 ETF (SPY)
Equinix Business Overview & Revenue Model
Equinix Key Performance Indicators (KPIs)
Breaks down revenue across different regions, revealing where Equinix is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
The FlyEquinix Earnings Call Summary
Equinix Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.22B | 8.75B | 8.19B | 7.26B | 6.64B |
| Gross Profit | 638.00M | 4.28B | 3.96B | 3.51B | 3.16B |
| EBITDA | 4.14B | 3.44B | 3.37B | 2.92B | 2.60B |
| Net Income | 1.35B | 815.00M | 969.18M | 704.35M | 500.19M |
Balance Sheet | |||||
| Total Assets | 40.14B | 35.09B | 32.65B | 30.31B | 27.92B |
| Cash, Cash Equivalents and Short-Term Investments | 3.23B | 3.61B | 2.10B | 1.91B | 1.54B |
| Total Debt | 22.73B | 18.96B | 17.45B | 16.47B | 14.99B |
| Total Liabilities | 25.96B | 21.53B | 20.14B | 18.80B | 17.04B |
| Stockholders Equity | 14.16B | 13.53B | 12.49B | 11.51B | 10.88B |
Cash Flow | |||||
| Free Cash Flow | -400.00M | 183.00M | 435.58M | 685.18M | -204.31M |
| Operating Cash Flow | 3.91B | 3.25B | 3.22B | 2.96B | 2.55B |
| Investing Cash Flow | -6.48B | -3.94B | -3.22B | -3.36B | -3.01B |
| Financing Cash Flow | 1.27B | 1.72B | 211.45M | 856.77M | 413.76M |
Equinix Technical Analysis
Equinix Risk Analysis
Equinix Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $93.53B | 69.19 | 9.75% | 2.47% | 5.36% | -1.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $89.04B | 35.25 | 71.91% | 3.76% | -5.33% | 163.89% | |
62 Neutral | $21.48B | 25.38 | ― | 2.31% | 4.82% | 25.24% | |
59 Neutral | $1.85B | 1.52 | ― | ― | 38.93% | 952.55% | |
58 Neutral | $33.50B | 233.24 | ― | 3.98% | 10.88% | 51.13% | |
55 Neutral | $38.65B | 19.19 | ― | 5.44% | -26.56% | -369.24% |
Equinix Corporate Events
On February 27, 2026, Equinix and Canada Pension Plan Investment Board announced a joint agreement to acquire Nordic data center operator atNorth from Partners Group for an enterprise value of US$4 billion, with CPP Investments taking a 60% controlling stake and Equinix a 40% stake. The deal, funded by a US$4.2 billion financing package and expected to be immediately accretive to Equinix’s adjusted funds from operations per share upon closing, gives Equinix and CPP Investments access to atNorth’s high-density, renewable-powered data centers and large growth pipeline across Denmark, Finland, Iceland, Norway and Sweden, strengthening their positions in AI, hyperscale and enterprise infrastructure while deepening their presence in the fast-growing, sustainability-led Nordic data center market.
atNorth brings eight operational sites, several developments and more than 1 GW of secured power with significant additional capacity planned, complementing Equinix’s existing Nordic footprint of eight facilities in Helsinki and Stockholm and enhancing its ability to serve customers needing resilient, sovereign digital infrastructure. For CPP Investments, the transaction expands its European data center exposure and builds on its prior collaborations with Equinix, as both investors seek to capitalize on accelerating demand for AI and cloud services in the Nordics, where access to renewable energy, cool climates and advanced technical expertise underpin the region’s emergence as a key hub for next-generation digital growth.
The most recent analyst rating on (EQIX) stock is a Buy with a $1060.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.
Equinix, Inc. announced that its Chief Sales Officer, Mike Campbell, will retire from his role effective March 31, 2026, marking a planned leadership transition at the data center and interconnection company. On February 16, 2026, Equinix entered into a transition agreement under which Campbell will continue in a part-time role as Special Advisor through March 5, 2027, supporting the Chief Customer and Revenue Officer, with continued equity vesting but no post-March 2026 bonus eligibility.
The arrangement, which includes standard covenants and a release of claims, is designed to maintain continuity in customer and revenue strategy while Equinix manages succession in a key commercial leadership position. The structured, time-bound advisory role indicates an orderly transition that aims to preserve institutional knowledge and support stakeholder confidence during the shift in sales leadership.
The most recent analyst rating on (EQIX) stock is a Buy with a $959.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.
On February 6, 2026, Equinix’s Talent, Culture and Compensation Committee adopted a new Executive Severance Plan that standardizes severance terms for eligible executives other than the CEO, replacing prior individual arrangements and tying benefits to conditions such as termination without cause, resignation for good reason and change-in-control events. The plan introduces structured cash, equity-vesting, health coverage and outplacement benefits and required most covered executives to terminate older severance agreements, while CEO Adaire Fox‑Martin’s separate agreement was amended the same day to remove a fixed term and add continued equity vesting and outplacement support to better mirror the new framework.
The committee also approved the Equinix 2026 Global Annual Incentive Plan, which sets executive target bonuses at 100%–200% of base salary and, for most executives, pays awards in fully vested RSUs to conserve cash and more closely align leadership compensation with shareholder interests. Bonus payouts will be driven by revenue and AFFO per share targets with a strategic modifier tied to interconnection revenue growth and environmental and social metrics, reinforcing Equinix’s strategic priorities while capping awards and allowing downward committee discretion, which may influence executive behavior and capital allocation in the coming year.
The most recent analyst rating on (EQIX) stock is a Buy with a $974.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.
Equinix has filed an updated description of the material U.S. federal income tax considerations related to its qualification and taxation as a REIT and to the acquisition, ownership and disposition of its stock, replacing prior inconsistent tax descriptions for investors. The company reiterated that it has elected to be taxed as a REIT since its 2015 taxable year and, based on opinions from its tax counsel Sullivan & Worcester LLP and existing IRS private letter rulings, believes it has qualified as a REIT from 2015 through 2025, while cautioning that complex REIT rules, potential IRS challenges and future legal changes could affect its tax status and shareholders’ tax treatment.
The most recent analyst rating on (EQIX) stock is a Buy with a $925.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.
Equinix announced that its Chief Financial Officer, Keith Taylor, plans to retire in 2026 after 27 years with the company. Taylor will remain as CFO until a successor is appointed and will then serve as a Special Advisor to ensure a smooth transition. His leadership has been pivotal in transforming Equinix from a startup to a Fortune 500 company with over $9 billion in annualized revenue. The company has begun the search for his successor, considering both internal and external candidates, and aims to complete the process in the coming months.
The most recent analyst rating on (EQIX) stock is a Buy with a $900.00 price target. To see the full list of analyst forecasts on Equinix stock, see the EQIX Stock Forecast page.