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Equinix free cash flow EQIX

Cash from operations less capital spending, by quarter and over the last twelve months, from 2009.

Last 12 months, to Jun 30, 2026
−$1.5B
Latest quarter, Q2 FY26
−$511M
Fiscal year 2025
−$400M
−319% on the year before

Equinix's free cash flow was −$1.5B over the twelve months to Jun 30, 2026, down 3586% on a year earlier.

In its latest quarter, Q2 FY26, it was −$511M.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025−$400M−319%
FY2024$183M−58%
FY2023$435.6M−36%
FY2022$685.2Mn/a
FY2021−$204.3M−848%
FY2020$27.3Mn/a
FY2019−$86.8Mn/a
FY2018−$280.7M−564%
FY2017$60.5Mn/a
FY2016−$94M−452%
FY2015$26.7M−9%
FY2014$29.2M−95%
FY2012$602Mn/a
FY2011−$98.1M−126%
FY2010$378Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26−$511Mn/a−$1.5B
Q1 FY26−$539M−1014%−$998M
Q4 FY25−$292Mn/a−$400M
Q3 FY25−$122M−459%−$114M
Q2 FY25−$45M−117%$42M
Q1 FY25$59Mn/a$351M
Q4 FY24−$6M−300%$183M
Q3 FY24$34M−80%$192M
Q2 FY24$264M+157%$325.6M
Q1 FY24−$109M−167%$164.2M
Q4 FY23$3Mn/a$435.6M
Q3 FY23$167.6M−37%$364.8M

Against its peers

Companies in REIT - Specialty nearest Equinix's size, closest first, today.

CompanyFree cash flow yield
EQIXEquinixn/m
AMTAmerican Towern/m
DLRDigital Realty Trustn/m
VMRKVivmark Residentialn/m
CCICrown Castlen/m
IRMIron Mountainn/m
SBACSBA Communicationsn/m
HSTHost Hotels & Resortsn/m
KIMKimco Realtyn/m
LAMRLamar Advertisingn/m
WPCW. P. Careyn/m

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on Equinix

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.