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Equinix, Inc. Business Segments

Business, geographic, and product segment breakdowns

Equinix, Inc. generates $9.4B in annual revenue across 3 key segments: Americas ($4.2B), Asia-Pacific ($2.0B), and EMEA ($3.2B). The company-wide operating margin is 20.85%. Based on the Q1 2026 filing.

Americas (TTM)$4.2BAsia-Pacific (TTM)$2.0BEMEA (TTM)$3.2B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$106.49B
P/E Ratio74.89
ROE10.09%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Recurring revenues$2.1B$2.1B$2.1B$2.2B$2.3B$2.3B
Colocation$1.5B$1.5B$1.6B$1.6B$1.7B$1.7B
Interconnection$393.0M$393.0M$407.0M$422.0M$433.0M$446.0M
Managed infrastructure$115.0M$115.0M$117.0M$118.0M$116.0M$115.0M
Non-recurring revenues$170.0M$138.0M$113.0M$101.0M$126.0M$113.0M
Other$35.0M$34.0M$34.0M$38.0M$37.0M$40.0M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue—$873.0M—$892.0M—$935.0M

Business Segments

Adjusted Earnings Before Interest Taxes Depreciation And Amortization Or Accretion

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$422.0M$443.0M$466.0M$489.0M$492.0M$516.0M
EMEA$354.0M$365.0M$399.0M$384.0M$413.0M$424.0M
Asia-Pacific$245.0M$259.0M$264.0M$275.0M$281.0M$305.0M

Intangible Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$35.0M$32.5M$32.5M$32.5M$32.5M—
Asia-Pacific$3.5M$3.5M$3.5M$3.5M$3.5M—
EMEA$13.5M$14.0M$14.0M$14.0M$14.0M—

Buildings and Improvements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$338.0M———$583.0M—
Asia-Pacific$109.0M———$508.0M—
EMEA$181.0M———$368.0M—

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$608.0M$501.0M$642.0M$762.0M$838.0M$705.0M
EMEA$267.0M$171.0M$252.0M$217.0M$387.0M$329.0M
Asia-Pacific$112.0M$78.0M$95.0M$157.0M$211.0M$222.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$271.0M$269.0M$272.0M$298.0M$298.0M$287.0M
EMEA$133.0M$123.0M$134.0M$137.0M$144.0M$149.0M
Asia-Pacific$94.0M$87.0M$93.0M$95.0M$100.0M$105.0M

Encumbrances

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$0.0———$18.0M—
Asia-Pacific$0.0———$0.0—
EMEA$30.0M———$0.0—

Fair Value

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas—$0.0$0.0$0.0$0.0—
Asia-Pacific—$5.3M$5.3M$5.3M$5.3M—
EMEA—$7.3M$7.3M$7.3M$7.3M—

Finite Lived Intangible Assets Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas-$6.3M$3.8M$3.8M$3.8M$3.8M—
Asia-Pacific-$2.5M$1.0M$1.0M$1.0M$1.0M—
EMEA-$4.0M$7.5M$7.5M$7.5M$7.5M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$2.6B———$2.6B—
Asia-Pacific$596.0M———$740.0M—
EMEA$2.3B———$2.6B—

Goodwill acquired during the period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas—$0.0$0.0$0.0$0.0—
Asia-Pacific—$31.8M$31.8M$31.8M$31.8M—
EMEA—$2.8M$2.8M$2.8M$2.8M—

Impact of foreign currency exchange

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas-$18.0M$14.0M$14.0M$14.0M$14.0M—
Asia-Pacific-$10.8M$4.3M$4.3M$4.3M$4.3M—
EMEA-$29.5M$67.3M$67.3M$67.3M$67.3M—

Intangibles (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$1.0B———$907.0M—
Asia-Pacific$107.0M———$118.0M—
EMEA$288.0M———$291.0M—

Land

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$87.0M———$188.0M—
Asia-Pacific$72.0M———$110.0M—
EMEA$56.0M———$55.0M—

Operating Lease ROU Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia-Pacific$632.0M$654.0M$653.0M$636.0M$603.0M$585.0M
EMEA$398.0M$437.0M$459.0M$446.0M$449.0M$433.0M
Americas$389.0M$386.0M$369.0M$357.0M$340.0M$327.0M

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$251.0M$268.0M$248.0M$249.0M$277.0M$272.0M
EMEA$106.0M$97.0M$104.0M$101.0M$112.0M$96.0M
Asia-Pacific$62.0M$66.0M$68.0M$66.0M$72.0M$66.0M

Property, plant and equipment, net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$9.2B$9.5B$9.8B$10.4B$10.8B$11.2B
EMEA$6.4B$6.7B$7.4B$7.4B$8.3B$8.4B
Asia-Pacific$3.7B$3.8B$4.0B$4.1B$4.4B$4.5B

Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$440.0M———$2.3B—
Asia-Pacific$348.0M———$1.7B—
EMEA$582.0M———$2.3B—

Real Estate And Accumulated Depreciation Carrying Amount Of Land

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$241.0M———$436.0M—
Asia-Pacific$76.0M———$199.0M—
EMEA$328.0M———$1.1B—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$999.0M$1.0B$1.0B$1.0B$1.1B$1.1B
EMEA$776.0M$743.0M$767.0M$784.0M$836.0M$827.0M
Asia-Pacific$486.0M$481.0M$485.0M$497.0M$513.0M$526.0M

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$243.0M———$944.0M—
Asia-Pacific$265.0M———$766.0M—
EMEA$207.0M———$734.0M—

SEC Schedule III Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$440.0M———$2.1B—
Asia-Pacific$348.0M———$1.6B—
EMEA$582.0M———$2.2B—

SEC Schedule III Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Americas$154.0M———$248.0M—
Asia-Pacific$76.0M———$89.0M—
EMEA$272.0M———$1.1B—

Segment cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMEA$316.0M$281.0M$264.0M$299.0M$311.0M$307.0M
Americas$326.0M$290.0M$290.0M$297.0M$302.0M$303.0M
Asia-Pacific$179.0M$156.0M$153.0M$156.0M$160.0M$155.0M