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Equinix, Inc. EQIX Free cash flow

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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%

Valuation

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Market cap$107.26B+24.2%
Enterprise value$129.34B+25.1%
P/E75.4×-16.3×
P/S11.4×+1.6×

Profitability

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Gross margin51.1%+1.6pp
Operating margin20.8%+4.8pp
Net margin15.1%+4.4pp
FCF margin-10.6%-14.6pp

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

Calculated from Equinix, Inc.’s reported figures.

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 free cash flow?
Equinix, Inc. (EQIX) reported free cash flow of -$539M in Q1 2026.
How has Equinix, Inc.'s free cash flow changed year-over-year?
Equinix, Inc.'s free cash flow decreased by 1013.6% year-over-year, from $59M to -$539M.
What is the long-term trend for Equinix, Inc.'s free cash flow?
Over 3 years (2022 to 2025), Equinix, Inc.'s free cash flow has grown at a -19.0% compound annual growth rate (CAGR), from $752.92M to -$400M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.