Equinix profit margin EQIX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 15.6%
- Net margin on a year earlier
- +4.5 pts
- Peer median
- 25.8%
Over the twelve months to Jun 30, 2026, Equinix kept 15.6% of its revenue as net profit and a gross margin of 51.5%.
Five years earlier its net margin was 5.4%.
The median for 10 specialty REITs of a similar size is 25.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 14.6% | 51.1% |
| FY2024 | 9.3% | 48.9% |
| FY2023 | 11.8% | 48.4% |
| FY2022 | 9.7% | 48.3% |
| FY2021 | 7.5% | 47.7% |
| FY2020 | 6.2% | 48.7% |
| FY2019 | 9.1% | 49.5% |
| FY2018 | 7.2% | 48.6% |
| FY2017 | 5.3% | 49.8% |
| FY2016 | 3.5% | 49.6% |
| FY2015 | 6.9% | 52.6% |
| FY2014 | −10.6% | 51.0% |
| FY2013 | 4.4% | 50.6% |
| FY2012 | 7.4% | 50.1% |
| FY2011 | 5.9% | 46.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 15.6% | +4.5 pts | |
| Q1 FY26 | 15.1% | +4.6 pts | |
| Q4 FY25 | 14.6% | +5.3 pts | |
| Q3 FY25 | 11.8% | −0.5 pts | |
| Q2 FY25 | 11.1% | −1.1 pts | |
| Q1 FY25 | 10.5% | −0.8 pts | |
| Q4 FY24 | 9.3% | −2.5 pts | |
| Q3 FY24 | 12.3% | +1.3 pts | |
| Q2 FY24 | 12.2% | +1.8 pts | |
| Q1 FY24 | 11.3% | +0.5 pts | |
| Q4 FY23 | 11.8% | +2.1 pts | |
| Q3 FY23 | 10.9% | +1.1 pts |
Against its peers
Companies in REIT - Specialty nearest Equinix's size, closest first, today.
| Company | Profit margin |
|---|---|
| EQIXEquinix | 15.6% |
| AMTAmerican Tower | 31.1% |
| DLRDigital Realty Trust | 11.8% |
| VMRKVivmark Residential | 28.0% |
| CCICrown Castle | 20.7% |
| IRMIron Mountain | 5.5% |
| SBACSBA Communications | 34.5% |
| HSTHost Hotels & Resorts | 16.5% |
| KIMKimco Realty | 27.8% |
| LAMRLamar Advertising | 23.9% |
| WPCW. P. Carey | 36.3% |
| Peer median | 25.8% |
Where Equinix ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Equinix
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.