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Equinix, Inc. EQIX Recurring revenues — Revenue

Other product segments

Colocation
$1.73B+12.0%
Interconnection
$446M+13.5%
Managed infrastructure
$115M0.0%
Non-recurring revenues
$113M-18.1%
Other
$40M+17.6%

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MCORecurring Revenue — Percentage of revenues
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ICERecurring revenues — Total revenues, less transaction-based expenses
$401M+1.0%

Other financials

Income statement

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Revenue$2.4B+9.8%
Gross profit$1.3B+10.3%
Operating income$577.0M+26.0%
Net income$415.0M+21.0%
EPS (diluted)$4.20+20.0%

Balance sheet

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Cash & equivalents$1.4B-51.9%
Total debt$23.5B+17.7%
Total equity$14.3B+2.9%
Total assets$40.9B+13.4%

Cash flow

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Operating cash flow$717.0M-11.4%
CapEx$1.3B+67.5%
Free cash flow-$539.0M-1,014%

Valuation

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Market cap$107.35B+21.4%
Enterprise value$129.43B+22.8%
P/E75.5×-18.5×
P/S11.4×+1.4×

Profitability

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Gross margin51.1%+1.6pp
Operating margin20.8%+4.8pp
Net margin15.1%+4.4pp

Returns & leverage

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Return on equity10.1%+2.9pp
Debt / equity1.6×+0.2×
Current ratio1.2×-0.5×

Where this comes from

Reported directly by Equinix, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Equinix, Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equinix, Inc.'s recurring revenues — revenue?
Equinix, Inc. (EQIX) reported recurring revenues — revenue of $2.33B in Q1 2026.
How has Equinix, Inc.'s recurring revenues — revenue changed year-over-year?
Equinix, Inc.'s recurring revenues — revenue increased by 11.7% year-over-year, from $2.09B to $2.33B.
What is the long-term trend for Equinix, Inc.'s recurring revenues — revenue?
Over 4 years (2021 to 2025), Equinix, Inc.'s recurring revenues — revenue has grown at a 8.9% compound annual growth rate (CAGR), from $6.22B to $8.74B.
What does recurring revenues — revenue mean?
The portion of total revenue generated from ongoing, predictable service contracts and subscription-based data center offerings.
How do you interpret recurring revenues — revenue?
An increase indicates higher business stability and stronger long-term customer commitment, while a decrease may suggest churn or a shift toward less predictable revenue streams.
How does recurring revenues — revenue compare across companies?
Similar to 'Subscription Revenue' or 'Recurring Service Revenue' in other infrastructure-as-a-service or colocation providers, where high percentages indicate lower business risk.