CapEx
Equinix, Inc. CapEx increased by 14.9% to $1.14B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 56.9%, from $724.00M to $1.14B. Over 3 years (FY 2021 to FY 2024), CapEx shows an upward trend with a 3.7% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
cf_capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $692.23M | $678.28M | $817.41M | $412.52M | $484.83M | $552.73M | $827.93M | $529.60M | $638.16M | $617.54M | $995.72M | $707.00M | $648.00M | $724.00M | $987.00M | $750.00M | $989.00M | $1.14B |
| QoQ Change | — | -2.0% | +20.5% | -49.5% | +17.5% | +14.0% | +49.8% | -36.0% | +20.5% | -3.2% | +61.2% | -29.0% | -8.3% | +11.7% | +36.3% | -24.0% | +31.9% | +14.9% |
| YoY Change | — | — | — | — | -30.0% | -18.5% | +1.3% | +28.4% | +31.6% | +11.7% | +20.3% | +33.5% | +1.5% | +17.2% | -0.9% | +6.1% | +52.6% | +56.9% |
Business Segments
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Americas | $425.00M | $393.00M | $412.00M | $608.00M | $501.00M | $642.00M | $762.00M | $838.00M |
| EMEA | $191.00M | $146.00M | $204.00M | $267.00M | $171.00M | $252.00M | $217.00M | $387.00M |
| Asia-Pacific | $91.00M | $109.00M | $108.00M | $112.00M | $78.00M | $95.00M | $157.00M | $211.00M |
| Total | $707.00M | $648.00M | $724.00M | $987.00M | $750.00M | $989.00M | $1.14B | — |
Geographic Breakdown
| Segment | Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|
| Americas | $250.34M | $246.50M | $185.05M | $225.10M | $278.49M | $300.68M | $392.86M | $382.80M |
| EMEA | $252.80M | $277.12M | $162.50M | $197.82M | $168.48M | $145.82M | $156.41M | $146.78M |
| Asia Pacific | $189.09M | $154.66M | $64.97M | $61.90M | $105.76M | $83.11M | $88.88M | $87.96M |
| Total | $692.23M | $678.28M | $412.52M | $484.83M | $552.73M | $529.60M | $638.16M | $617.54M |
Americas, Asia Pacific, EMEA were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Equinix, Inc.'s capex?
- Equinix, Inc. (EQIX) reported capex of $1.14B in Q3 2025.
- How has Equinix, Inc.'s capex changed year-over-year?
- Equinix, Inc.'s capex increased by 56.9% year-over-year, from $724.00M to $1.14B.
- What is the long-term trend for Equinix, Inc.'s capex?
- Over 3 years (2021 to 2024), Equinix, Inc.'s capex has grown at a 3.7% compound annual growth rate (CAGR), from $2.75B to $3.07B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.