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Equinix, Inc. EQIX Free cash flow margin

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Other financials

Income statement

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Revenue$2.6B+16.4%
Gross profit$1.4B+19.0%
Operating income$665.0M+34.6%
Net income$479.0M+30.2%
EPS (diluted)$4.83+28.8%

Balance sheet

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Cash & equivalents$1.0B-72.5%
Total debt$23.7B+6.7%
Total equity$14.4B+2.1%
Total assets$41.1B+5.7%

Cash flow

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Operating cash flow$1.1B+13.0%
CapEx$1.6B+59.6%
Free cash flow-$511.0M-1,036%

Valuation

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Market cap$100.57B+32.0%
Enterprise value$123.25B+30.2%
P/E65.6×-10.0×
P/S10.3×+1.7×

Profitability

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Gross margin51.5%+1.4pp
Operating margin21.8%+5.3pp
Net margin15.6%+4.4pp

Returns & leverage

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Return on equity10.8%+3.1pp
Debt / equity1.6×+0.1×
Current ratio1.1×-0.4×

Where this comes from

Calculated from Equinix, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Equinix, Inc.’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001101239-26-000147

FAQ

What is Equinix, Inc.'s free cash flow margin?
Equinix, Inc. (EQIX) reported free cash flow margin of -14.9% in Q2 2026.
How has Equinix, Inc.'s free cash flow margin changed year-over-year?
Equinix, Inc.'s free cash flow margin decreased by 2882.0% year-over-year, from 0.5% to -14.9%.
What is the long-term trend for Equinix, Inc.'s free cash flow margin?
Over 3 years (2022 to 2025), Equinix, Inc.'s free cash flow margin has grown at a -25.2% compound annual growth rate (CAGR), from 10.4% to -4.3%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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