Income StatementBalance SheetCash FlowSegments
Equinix, Inc. logo

Equinix, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Equinix, Inc. holds $40.9B in total assets. Shareholders' equity is $14.3B against $23.5B in total debt. Cash and equivalents total $1.4B. The current ratio is 1.18 and debt-to-equity is 1.64. Based on the Q1 2026 filing.

Total Assets$40.9BTotal Stockholders Equity$14.3BLong Term Debt$19.8BCash And Equivalents$1.4BTotal Current Assets$5.3BTotal Current Liabilities$4.5B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$106.49B
P/E Ratio74.89
ROE10.09%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$949.0M$1.1B$1.1B$1.1B$1.0B$1.1B
Allowance for Doubtful Accounts$19.0M$20.0M$20.0M$17.0M$16.0M$13.0M
Cash and cash equivalents$3.1B$3.0B$3.7B$2.2B$1.8B$1.4B
Contract assets$102.0M$112.0M$84.0M$61.0M$56.0M$45.0M
Other current assets$890.0M$743.0M$881.0M$891.0M$897.0M$1.2B
Derivative Assets - Fair Value$591.0M$347.0M$271.0M$231.0M$255.0M$281.0M
Derivative assets$605.0M$365.0M$278.0M$248.0M$267.0M$325.0M
Restricted cash—$12.0M$5.0M$60.0M—$59.0M
Total current assets$5.4B$5.5B$6.6B$5.0B$5.1B$5.3B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Progress Collections and Price Adjustments$150.0M$158.0M$164.0M$173.0M$170.0M$226.0M
Accounts payable and other current liabilities (Note 11)$1.2B$1.1B$1.2B$1.3B$1.4B$1.3B
Accrued property, plant and equipment$387.0M$422.0M$378.0M$482.0M$564.0M$703.0M
Current portion of mortgage and loans payable$5.0M$5.0M$14.0M$17.0M$17.0M$16.0M
Other accrued liabilities$232.0M$245.0M$368.0M$280.0M$340.0M$288.0M
Senior Notes Current$1.2B$1.2B$1.9B$699.0M$1.3B$1.9B
Deferred revenue$123.0M$130.0M$132.0M$128.0M$133.0M$146.0M
Derivative Liabilities - Fair Value$4.0M$18.0M$202.0M$135.0M$161.0M$37.0M
Finance Lease Liability, Current$189.0M$201.0M$211.0M$157.0M$168.0M$173.0M
Operating Lease Liability Payments - 2024 (Lessee)—$206.0M$212.0M$214.0M—$183.0M
Operating Lease Liability Payments - 2025 (Lessee)—$148.0M$152.0M$152.0M—$143.0M
Operating lease liabilities, current$144.0M$150.0M$158.0M$159.0M$155.0M$161.0M
Total current liabilities$3.3B$3.3B$4.2B$3.1B$3.9B$4.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding$10.3B$9.5B$12.5B$8.5B$10.3B$11.3B
Gross Assets/Liabilities$79.0M$94.0M$339.0M$217.0M$241.0M$178.0M
Allowance for doubtful accounts$19.0M$20.0M$20.0M$17.0M$16.0M$13.0M
Available for sale investments————$0.0$10.0M
Common stock, par value (in dollars per share)$0.00$0.00$0.00$0.00$0.00$0.00
Common stock, shares authorized (in shares)300M300M300M300M300M300M
Common stock, shares issued (in shares)97.4M97.9M97.9M98.3M98.3M98.7M
Common Stock, Shares, Outstanding97.3M97.8M97.9M98.2M98.2M98.6M
Number of countries with a defined benefit pension plan—2.002.002.00—2.00
Number of defined benefit pension plans—2.002.002.00—2.00
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset$75.0M$76.0M$137.0M$82.0M$80.0M$141.0M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$0.0$0.0$0.0$0.0$0.0$0.0
Gross Amounts$605.0M$365.0M$278.0M$248.0M$267.0M$325.0M
Derivative, gross, assets$591.0M$347.0M$271.0M$231.0M$255.0M$281.0M
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$530.0M$289.0M$141.0M$166.0M$187.0M$184.0M
Derivatives, gross, liabilities$72.0M$79.0M$335.0M$203.0M$229.0M$139.0M
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction$4.0M$18.0M$202.0M$135.0M$161.0M$37.0M
Derivative Liability$79.0M$94.0M$339.0M$217.0M$241.0M$178.0M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$75.0M$76.0M$137.0M$82.0M$80.0M$141.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$0.0$0.0$0.0$0.0$0.0$0.0
Gross Amounts$79.0M$94.0M$339.0M$217.0M$241.0M$178.0M
Notional$10.3B$9.5B$12.5B$8.5B$10.3B$11.3B
Fair value of embedded derivative$213.0M$191.0M$200.0M$186.0M$230.0M$38.0M
Equity method investments (Note 11)$519.0M$578.0M$618.0M$601.0M$551.0M$693.0M
Current maturities of long-term debt$189.0M$201.0M$211.0M$157.0M$168.0M$173.0M
Finance Lease Liability Payments Due—$3.4B$3.4B$3.3B—$3.3B
Finance Lease Liability Payments Due After Year Five—$2.1B$2.2B$2.2B—$2.0B
2027—$266.0M$272.0M$274.0M—$290.0M
Finance Lease Liability Payments Due Year Four—$250.0M$256.0M$257.0M—$256.0M
Finance Lease Liability Payments Due Year Three—$259.0M$265.0M$266.0M—$271.0M
Finance Lease Liability Payments Due Year Two—$271.0M$277.0M$278.0M—$279.0M
Finance Lease Liability Undiscounted Excess Amount—$1.0B$1.0B$1.0B—$957.0M
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$2.2B$2.2B$2.3B$2.2B$2.3B$2.2B
Finance Lease, Right-of-Use Asset, Accumulated Amortization$964.0M$990.0M$1.1B$1.1B$1.1B$1.2B
Lessee, Operating And Finance Lease, Liability—$3.9B$3.9B$3.8B—$3.7B
Lessee, Operating And Finance Lease, Payments, Due—$5.5B$5.5B$5.4B—$5.2B
Lessee, Operating And Finance Lease, Payments, Due After Year Four—$3.3B$3.4B$3.4B—$3.0B
Lessee, Operating And Finance Lease, Payments, Due Year Three—$436.0M$446.0M$448.0M—$425.0M
Lessee, Operating And Finance Lease, Payments, Due Year Four—$398.0M$408.0M$409.0M—$399.0M
Lessee, Operating And Finance Lease, Payments, Due Year One—$491.0M$503.0M$506.0M—$506.0M
Lessee, Operating And Finance Lease, Payments, Due Year Two—$477.0M$489.0M$492.0M—$462.0M
Lessee, Operating And Finance Lease, Payments, Remainder Of Fiscal Year—$406.0M$298.0M$111.0M—$375.0M
Lessee, Operating And Finance Lease, Payments, Undiscounted Excess Amount—$1.6B$1.6B$1.6B—$1.5B
Lessee Operating Lease Liability Payments Due—$2.1B$2.1B$2.0B—$1.9B
Lessee Operating Lease Liability Undiscounted Excess Amount—$572.0M$572.0M$552.0M—$516.0M
Mortgage and loans payable————$706.0M$29.0M
Loans Receivable Fair Value Disclosure————$351.0M$347.0M
2028—$1.7B$1.8B$1.8B—$1.4B
2029—$1.4B$1.4B$1.4B—$2.2B
2030—$1.3B$2.2B$2.2B—$2.7B
2027—$1.3B$1.3B$1.3B—$1.1B
Remainder of 2026—$1.2B$1.2B$13.0M—$1.3B
Thereafter—$9.0B$10.1B$10.6B—$11.0B
Loans Payable, Noncurrent$644.0M$662.0M$702.0M$687.0M$686.0M$13.0M
Long Term Notes And Loans$644.0M$662.0M$702.0M$687.0M$686.0M$13.0M
Number of class action complaints—$0.0$0.0$0.0—$0.0
Noncontrolling interests in subsidiaries-$1.0M-$1.0M-$2.0M-$2.0M-$3.0M-$3.0M
Notes and Loans Payable$649.0M$667.0M$716.0M$704.0M$703.0M$29.0M
Notes and Loans Payable, Current$5.0M$5.0M$14.0M$17.0M$17.0M$16.0M
Operating Lease Weighted Average Discount Rate Percent5.0%5.0%5.0%5.0%5.0%5.0%
Purchase Obligation—————$7.7B
2029—————$142.0M
2027—————$790.0M
2028—————$223.0M
Thereafter—————$595.0M
Redeemable non-controlling interest$25.0M$25.0M$25.0M$25.0M$25.0M$25.0M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied—$11.3B$12.2B$12.7B—$14.2B
RPO percentage—————65.0%
Number of settlement alternatives3.00—————
Senior Long Term Notes$13.4B$13.9B$15.3B$15.8B$16.9B$17.7B
Treasury stock, shares (in shares)103K84K79K63K62K62K
Unrecorded Unconditional Purchase Obligation—$90.0M$103.0M$94.0M—$716.0M
PNC Risk of Loss—————$1.6B
Other Receivables—————$322.0M
Outstanding Accounts Receivable—————$17.0M
Contract Assets—————$32.0M
Maximum Future Payments under Debt Guarantees—————$44.0M
Future Equity Contribution Commitments—————$208.0M
Loan Commitment—————$392.0M
Equity Investment—————$540.0M
Purchase Commitments - Due Next Year—————$2.0B
Remainder of Fiscal Year 2024—$1.2B$1.2B$13.0M—$1.3B
Weighted-Average Discount Rate - Finance Leases6.0%6.0%6.0%6.0%6.0%6.0%

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$1.7B-$1.6B-$1.4B-$1.4B-$1.4B-$1.3B
Additional paid-in capital$20.9B$21.2B$21.3B$21.5B$21.6B$21.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$0.0$0.0$0.0$0.0$0.0$0.0
Distributions in excess of accumulated earnings$10.3B$10.8B$11.3B$11.7B$12.2B$12.7B
Retained earnings$4.7B$5.1B$5.5B$5.8B$6.1B$6.5B
Total liabilities and stockholders' equity$35.1B$36.1B$38.8B$38.1B$40.1B$40.9B
Total stockholders' equity$13.5B$13.9B$14.1B$14.2B$14.2B$14.3B
Treasury stock$39.0M$32.0M$30.0M$24.0M$24.0M$24.0M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Assets, Non-Current$113.0M$93.0M$102.0M$103.0M$126.0M$123.0M
Deferred Tax Assets and Other Non-Current Assets$2.0B$2.1B$2.2B$2.5B$2.7B$2.8B
Goodwill$5.5B$5.6B$6.0B$5.9B$6.0B$5.9B
Held-to-Maturity Debt Securities - Fair Value————$256.0M$171.0M
Net Investment in Lease$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Intangible assets — net$1.4B$1.4B$1.4B$1.3B$1.3B$1.3B
Operating lease right-of-use assets$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Other non-current assets$2.0B$2.1B$2.2B$2.5B$2.7B$2.8B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$527.0M$723.0M$872.0M$854.0M$1.5B$1.7B
Operating Lease Right-of-Use Assets in Other Assets$1.4B$1.5B$1.5B$1.4B$1.4B$1.3B
Property and equipment, net$19.2B$20.0B$21.2B$21.9B$23.6B$24.2B
Software and Technology Licenses, Net$2.0B$2.1B$2.2B$2.5B$2.7B$2.8B
Total assets$35.1B$36.1B$38.8B$38.1B$40.1B$40.9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current$150.0M$158.0M$164.0M$173.0M$170.0M$226.0M
Finance lease liabilities$2.1B$2.2B$2.2B$2.1B$2.2B$2.1B
Finance Lease Liabilities (Total)$2.3B$2.4B$2.4B$2.3B$2.4B$2.3B
Operating Lease Liability Payments - 2026 (Lessee)—$177.0M$181.0M$182.0M—$154.0M
Operating Lease Liability Payments - 2027 (Lessee)—$177.0M$181.0M$182.0M—$154.0M
Operating Lease Liability Payments - 2028 (Lessee)—$148.0M$152.0M$152.0M—$143.0M
Operating Lease Liability Payments - Thereafter (Lessee)—$1.2B$1.2B$1.2B—$1.1B
Long-term debt—$15.9B$18.1B$17.3B—$19.8B
Deferred revenue, net of current portion$150.0M$158.0M$164.0M$173.0M$170.0M$226.0M
Notes Payable - Fair Value————$17.3B$18.4B
Operating lease liabilities, non-current$1.3B$1.4B$1.4B$1.3B$1.3B$1.3B
Operating Lease Liabilities (Total)$1.5B$1.5B$1.5B$1.5B$1.5B$1.4B
Other non-current liabilities$760.0M$744.0M$932.0M$861.0M$983.0M$930.0M
Total liabilities$21.5B$22.2B$24.7B$23.9B$18.2B$18.6B