Equinix annual operating margin
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2025
Equinix Operating Margin Growth & History (EQIX)
Equinix's operating margin was 20.05% for fiscal 2025.
View full Equinix company overviewEquinix annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.05% | +4.87 pp |
| 2024 | 2024-12-31 | 15.18% | −2.44 pp |
| 2023 | 2023-12-31 | 17.62% | +1.10 pp |
| 2022 | 2022-12-31 | 16.52% | −0.18 pp |
| 2021 | 2021-12-31 | 16.70% | −0.85 pp |
| 2020 | 2020-12-31 | 17.55% | −3.48 pp |
| 2019 | 2019-12-31 | 21.03% | +1.76 pp |
| 2018 | 2018-12-31 | 19.27% | +0.75 pp |
| 2017 | 2017-12-31 | 18.52% | +1.39 pp |
| 2016 | 2016-12-31 | 17.13% | −3.68 pp |
| 2015 | 2015-12-31 | 20.81% | −0.03 pp |
| 2014 | 2014-12-31 | 20.84% | −0.57 pp |
| 2013 | 2013-12-31 | 21.41% | +0.59 pp |
| 2012 | 2012-12-31 | 20.82% | +1.28 pp |
| 2011 | 2011-12-31 | 19.54% | +3.36 pp |
| 2010 | 2010-12-31 | 16.18% | −4.33 pp |
| 2009 | 2009-12-31 | 20.52% | +10.12 pp |
| 2008 | 2008-12-31 | 10.40% | — |
Equinix quarterly operating margin
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 25.33% | +3.44 pp |
| Q1 2026 | 2026-03-31 | 23.61% | +3.02 pp |
| Q4 2025 | 2025-12-31 | 17.44% | +12.88 pp |
| Q3 2025 | 2025-09-30 | 20.47% | +1.16 pp |
| Q2 2025 | 2025-06-30 | 21.90% | +1.70 pp |
| Q1 2025 | 2025-03-31 | 20.58% | +3.47 pp |
| Q4 2024 | 2024-12-31 | 4.56% | −13.82 pp |
| Q3 2024 | 2024-09-30 | 19.31% | +0.82 pp |
| Q2 2024 | 2024-06-30 | 20.19% | +3.75 pp |
| Q1 2024 | 2024-03-31 | 17.11% | −0.15 pp |
| Q4 2023 | 2023-12-31 | 18.37% | +3.32 pp |
| Q3 2023 | 2023-09-30 | 18.49% | +0.39 pp |
| Q2 2023 | 2023-06-30 | 16.44% | −1.05 pp |
| Q1 2023 | 2023-03-31 | 17.26% | +1.85 pp |
| Q4 2022 | 2022-12-31 | 15.06% | +0.42 pp |
| Q3 2022 | 2022-09-30 | 18.10% | +1.26 pp |
| Q2 2022 | 2022-06-30 | 17.49% | +0.68 pp |
| Q1 2022 | 2022-03-31 | 15.41% | −3.24 pp |
| Q4 2021 | 2021-12-31 | 14.63% | +0.02 pp |
| Q3 2021 | 2021-09-30 | 16.84% | −2.13 pp |
| Q2 2021 | 2021-06-30 | 16.81% | −2.41 pp |
| Q1 2021 | 2021-03-31 | 18.65% | +1.10 pp |
| Q4 2020 | 2020-12-31 | 14.62% | −7.47 pp |
| Q3 2020 | 2020-09-30 | 18.97% | −1.46 pp |
| Q2 2020 | 2020-06-30 | 19.22% | −1.85 pp |
| Q1 2020 | 2020-03-31 | 17.55% | −2.96 pp |
| Q4 2019 | 2019-12-31 | 22.08% | +1.42 pp |
| Q3 2019 | 2019-09-30 | 20.43% | −0.27 pp |
| Q2 2019 | 2019-06-30 | 21.07% | +4.03 pp |
| Q1 2019 | 2019-03-31 | 20.50% | +1.93 pp |
| Q4 2018 | 2018-12-31 | 20.66% | +1.33 pp |
| Q3 2018 | 2018-09-30 | 20.70% | +1.19 pp |
| Q2 2018 | 2018-06-30 | 17.04% | −0.30 pp |
| Q1 2018 | 2018-03-31 | 18.58% | +0.97 pp |
| Q4 2017 | 2017-12-31 | 19.33% | −0.23 pp |
| Q3 2017 | 2017-09-30 | 19.51% | +1.14 pp |
| Q2 2017 | 2017-06-30 | 17.34% | +0.50 pp |
| Q1 2017 | 2017-03-31 | 17.61% | +4.26 pp |
| Q4 2016 | 2016-12-31 | 19.57% | +0.97 pp |
| Q3 2016 | 2016-09-30 | 18.38% | −2.14 pp |
| Q2 2016 | 2016-06-30 | 16.84% | −4.06 pp |
| Q1 2016 | 2016-03-31 | 13.35% | −10.20 pp |
| Q4 2015 | 2015-12-31 | 18.60% | −1.43 pp |
| Q3 2015 | 2015-09-30 | 20.52% | −1.26 pp |
| Q2 2015 | 2015-06-30 | 20.90% | +0.30 pp |
| Q1 2015 | 2015-03-31 | 23.55% | +2.58 pp |
| Q4 2014 | 2014-12-31 | 20.03% | −2.10 pp |
| Q3 2014 | 2014-09-30 | 21.78% | +0.57 pp |
| Q2 2014 | 2014-06-30 | 20.61% | −1.32 pp |
| Q1 2014 | 2014-03-31 | 20.97% | +0.66 pp |
| Q4 2013 | 2013-12-31 | 22.13% | +2.77 pp |
| Q3 2013 | 2013-09-30 | 21.21% | +2.06 pp |
| Q2 2013 | 2013-06-30 | 21.93% | −0.40 pp |
| Q1 2013 | 2013-03-31 | 20.30% | −2.43 pp |
| Q4 2012 | 2012-12-31 | 19.36% | −1.24 pp |
| Q3 2012 | 2012-09-30 | 19.15% | +0.18 pp |
| Q2 2012 | 2012-06-30 | 22.33% | +3.37 pp |
| Q1 2012 | 2012-03-31 | 22.73% | +3.09 pp |
| Q4 2011 | 2011-12-31 | 20.60% | +3.98 pp |
| Q3 2011 | 2011-09-30 | 18.97% | +3.22 pp |
| Q2 2011 | 2011-06-30 | 18.96% | +5.37 pp |
| Q1 2011 | 2011-03-31 | 19.64% | +0.34 pp |
| Q4 2010 | 2010-12-31 | 16.62% | −3.40 pp |
| Q3 2010 | 2010-09-30 | 15.75% | −3.50 pp |
| Q2 2010 | 2010-06-30 | 13.59% | — |
| Q1 2010 | 2010-03-31 | 19.30% | — |
| Q3 2009 | 2009-09-30 | 20.02% | — |
| Q2 2009 | 2009-06-30 | 19.25% | — |
Equinix operating margin trends
Over the last five reported fiscal years, Equinix's operating margin increased from 17.55% to 20.05%, a change of +2.50 percentage points. The latest reported quarter, Q2 2026, shows 25.33%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Equinix filings at SEC.gov ↗