Equinix, Inc. (Nasdaq: EQIX): Corporate Profile & Financials
Source: SEC Form 10-K Annual Report For the fiscal year ended December 31, 2025
Quick Facts / Company Snapshot
| Company Name: | Equinix, Inc. |
| Primary Exchange: | The Nasdaq Stock Market LLC |
| Ticker Symbol: | EQIX |
| CIK Number: | 0001101239 |
| State of Incorporation: | Delaware |
| IRS Employer Identification No.: | 77-0487526 |
| Principal Executive Offices: | One Lagoon Drive, Redwood City, California 94065 |
| Telephone Number: | (650) 598-6000 |
| Fiscal Year End: | December 31 |
| Total Global Footprint: | 280 data centers across 77 markets in 36 countries |
| Total Employees: | 13,716 worldwide |
| Total Revenues (2025): | $9,217 million |
| Net Income (2025): | $1,348 million |
| Adjusted EBITDA (2025): | $4,530 million |
Company Overview
Equinix (Nasdaq: EQIX) operates as the world’s digital infrastructure company, shortening the path to boundless connectivity anywhere in the world to enable the innovations that enrich work, life, and planet. Equinix combines a global footprint of International Business Exchange (IBX) and xScale data centers in the Americas, Asia-Pacific, and Europe, the Middle East, and Africa (EMEA) regions, infrastructure and interconnection offerings, and digital ecosystems required to serve a large and diverse set of customers around the world. Founded on June 22, 1998, as a Delaware corporation, Equinix operates as a real estate investment trust (REIT) for federal income tax purposes. Since inception, Equinix has functioned as a network-neutral, multi-tenant data center (MTDC) provider, where competing networks could connect and share data traffic to help scale the rapid growth of the early internet. The company’s name, Equinix, which is composed from the words equality, neutrality, and internet exchange, reflects that foundational vision. Over twenty-seven years of operation, Equinix has expanded upon that vision by connecting economies, countries, enterprises, and communities with seamless digital experiences, including cutting-edge artificial intelligence (AI).
The company’s data centers around the world allow customers to bring together and interconnect the infrastructure required to operate their businesses seamlessly. With Equinix, organizations can scale with speed and agility, accelerate the launch of new digital offerings while safeguarding data, and implement AI applications at scale to achieve operational and commercial success. Equinix enables customers to simplify digital infrastructure, ensure interoperability across platforms, and maximize speed, efficiency, and security to deliver superior customer, partner, and employee experiences. As more customers choose Equinix for high connectivity and performance reliability at the metro edge, suppliers and business partners benefit by colocating in the same data centers and connecting directly with each other. This physical and virtual adjacency creates a network effect that attracts new customers while continuously enhancing the value proposition to existing customers and enabling them to capture further economic and performance benefits from Equinix offerings.
[INSERT IMAGE: Description of specific product or chart showing global data center footprint and interconnection density]
Business Segments
Equinix operates in three primary reportable segments comprised of the Americas, EMEA, and Asia-Pacific geographic regions. Information attributable to each reportable segment reflects regional operational strategies, local market conditions, and localized service delivery frameworks:
Americas Segment: Encompassing data center operations across the United States, Canada, Mexico, Brazil, Colombia, Chile, and Peru, the Americas segment represents the company’s largest operating theater. For the year ended December 31, 2025, the Americas segment generated $4,111 million in total revenues, consisting of $3,889 million in recurring revenues and $222 million in non-recurring revenues. The segment contributed $1,890 million in segment adjusted EBITDA.
EMEA Segment: Spanning major European, Middle Eastern, and African markets including the United Kingdom, Germany, France, the Netherlands, Switzerland, Ireland, Spain, Portugal, Italy, Finland, Poland, Sweden, United Arab Emirates, Ghana, Nigeria, and South Africa, the EMEA segment delivers vital gateway connectivity across diverse regulatory landscapes. For the year ended December 31, 2025, the EMEA segment generated $3,130 million in total revenues, consisting of $2,993 million in recurring revenues and $137 million in non-recurring revenues. The segment contributed $1,561 million in segment adjusted EBITDA.
Asia-Pacific Segment: Covering critical digital hubs across Australia, Singapore, Japan, Hong Kong, China, South Korea, India, Indonesia, Malaysia, and the Philippines, the Asia-Pacific segment captures rapid regional demand for interconnection and cloud on-ramps. For the year ended December 31, 2025, the Asia-Pacific segment generated $1,976 million in total revenues, consisting of $1,857 million in recurring revenues and $119 million in non-recurring revenues. The segment contributed $1,079 million in segment adjusted EBITDA.
History and Evolution
Equinix was incorporated in Delaware on June 22, 1998, by industry pioneers who recognized that the rapid expansion of the internet required a neutral meeting place where disparate telecommunications carriers and internet service providers could exchange traffic without favoring any single network operator. Throughout its twenty-seven-year operating history, Equinix has continually evolved its business model, expanding organically and through strategic acquisitions to capture emerging technological shifts. Key milestones include the landmark acquisition of Telecity Group plc in 2015, which significantly solidified the company’s footprint across Europe; the acquisition of Verizon Communications Inc.’s data center assets in 2017, which expanded its presence in the Americas; and the ongoing formation of global xScale joint venture partnerships designed to serve hyperscale cloud service providers.
Effective January 1, 2015, Equinix elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. This structural evolution allowed the company to distribute a significant portion of its taxable income to stockholders while maintaining a robust capital expenditure program to fund global data center expansions. In recent years, Equinix has broadened its product portfolio beyond traditional colocation and interconnection into advanced digital infrastructure solutions, including Equinix Fabric, Network Edge, and managed infrastructure services, while executing strategic transactions such as the 2025 acquisition of TIM NextGen DC Corporation in the Philippines.
Products and Services
Equinix offers a comprehensive, integrated suite of infrastructure and interconnection solutions supported by global, state-of-the-art data centers meeting strict standards of security, reliability, certification, and sustainability. The company’s offerings are categorized into primary product lines:
Private Cages: Designed and built to order for single customers, assigning space based on purchased power allocations and planned cabinet quantity. Cages feature steel mesh walls, locking doors, interconnection provisions, and robust cabling infrastructure.
Secure Cabinets: Steel-framed cabinets configured to industry standards with lockable, fully ventilated doors, offering private, secure, smaller-footprint alternatives to private cages with integrated demarcation panels and power circuitry.
Secure Cabinet Express: Ready-for-service secure cabinets preconfigured to fit Equinix recommendations and modern IT deployment requirements, providing a globally consistent colocation module.
Equinix Smart View: Fully integrated monitoring software providing customers real-time visibility into operational data relevant to their specific Equinix footprint via the Equinix Customer Portal or REST API integrations.
Equinix Smart Hands: Around-the-clock, on-site operational support service for remote management, installation, and troubleshooting of customer data center equipment executed by certified technicians.
Equinix Smart Build: Repeatable, proven processes addressing larger, more complex data center jobs, including installation and implementation of new builds, structured cabling, labeling, documentation, and de-installation.
Equinix Fabric: Secure, on-demand, software-defined interconnection enabling businesses to connect globally to thousands of networking, storage, compute, and application service providers.
Equinix Fabric Cloud Router: Enterprise-grade private connections enabling secure application and data integration across different clouds with virtually unlimited bandwidth and built-in resiliency.
Equinix Cross Connects: Point-to-point cable links between two Equinix customers in the same data center delivering fast, reliable connectivity and data exchange.
Equinix Internet Exchange: The largest global peering solution enabling networks, content providers, and large enterprises to exchange internet traffic on one physical port.
Equinix Internet Access: Agile, scalable, resilient, and high-performing managed internet access solution offering multiple upstream Tier 1 providers per metro and connections to major internet exchanges.
Fiber Connect: Dark fiber links between customers and partners across multiple Equinix data centers supporting ultra-low-latency communication.
Metro Connect: Direct, dedicated, carrier-grade network links between customers in one IBX and partners in another IBX within the same metro.
Equinix Network Edge: Solution allowing customers to modernize networks within minutes by deploying network functions virtualization (NFV) from multiple vendors across Equinix metros without additional hardware.
Brand Portfolio
Equinix owns and maintains a robust portfolio of intellectual property, trademarks, and proprietary platforms that anchor its market leadership. Key branded offerings and trademarks include:
IBX (International Business Exchange): The core brand representing Equinix’s carrier-neutral colocation data centers worldwide.
xScale: The dedicated brand for hyperscale data centers developed and operated through joint venture partnerships to serve core workload demands of major cloud service providers.
Equinix Fabric: The software-defined interconnection platform facilitating dynamic global connectivity.
Equinix SmartView: The integrated environmental and operational monitoring software platform.
Equinix Smart Hands: The 24/7 on-site technical operational support service brand.
Metro Connect: The branded intra-metro fiber connectivity solution.
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Geographical Presence
Equinix operates an extensive global platform spanning 280 data centers across 77 markets in 36 countries. As of December 31, 2025, the company’s operational portfolio comprised 255 consolidated IBX data centers and 25 unconsolidated data centers (including 23 xScale data centers and the MC1 and SN1 IBX data centers held in joint ventures). The global portfolio provides 392,300 total cabinet capacity, with 299,300 cabinets billed, representing an aggregate cabinet utilization rate of approximately 77% across regions:
Americas Region: Comprising 109 IBX data centers across 157,400 total cabinet capacity, 123,700 billed cabinets, a 79% cabinet utilization rate, and an average monthly recurring revenue (MRR) per cabinet of $2,694. Key metros include Ashburn, Atlanta, Boston, Chicago, Dallas, Denver, Los Angeles, Miami, New York, São Paulo, Silicon Valley, and Toronto.
EMEA Region: Comprising 88 IBX data centers across 141,300 total cabinet capacity, 107,200 billed cabinets, a 76% cabinet utilization rate, and an average MRR per cabinet of $2,418. Key metros include Amsterdam, Dublin, Frankfurt, Geneva, Helsinki, Lisbon, London, Madrid, Milan, Munich, Paris, Stockholm, Warsaw, and Zurich.
Asia-Pacific Region: Comprising 58 IBX data centers across 93,600 total cabinet capacity, 68,400 billed cabinets, a 73% cabinet utilization rate, and an average MRR per cabinet of $2,355. Key metros include Hong Kong, Jakarta, Melbourne, Mumbai, Osaka, Seoul, Shanghai, Singapore, Sydney, and Tokyo.
Competitor Analysis
The global multi-tenant data center (MTDC) market is highly fragmented, with estimates indicating over 2,400 companies providing colocation and interconnection offerings around the world. Equinix competes across various tiers against specialized regional colocation providers, telecommunications carriers offering bundled data center services, managed hosting providers, hyperscale cloud service providers operating self-built facilities, and large-scale data center REITs.
Unlike traditional competitors, Equinix differentiates its market position through unmatched ecosystem density, housing over 10,500 customers globally—including more than 2,000 network service providers and a leading market share of cloud on-ramps. This extensive ecosystem creates a powerful network effect that improves performance and reduces latency for enterprise customers. Furthermore, while competitors may offer raw space and power, Equinix integrates physical colocation with software-defined interconnection platforms like Equinix Fabric and Network Edge, enabling agile multi-cloud architectures. However, the market is experiencing intense competition, particularly driven by accelerating demand for AI infrastructure, which has drawn new capital and market entrants into data center development, increasing competition for prime land, power, and construction resources.
Management Discussion & Analysis (MD&A)
For the year ended December 31, 2025, Equinix delivered strong financial results characterized by top-line revenue growth, disciplined cost management, and strategic expansion across all operating regions. Total revenues for 2025 reached $9,217 million, representing a 5% increase compared to $8,748 million in 2024. Recurring revenues grew by 7% to $8,739 million, underscoring the resilience of the company’s recurring colocation and interconnection revenue model, which accounted for 94% of total revenues.
By geographic region, Americas revenues increased 6% to $4,111 million (driven by $242 million growth in recurring revenues and $7 million in non-recurring revenues); EMEA revenues grew 5% to $3,130 million (supported by $181 million growth in recurring revenues offset by an $18 million decline in non-recurring revenues); and Asia-Pacific revenues rose 3% to $1,976 million (reflecting $132 million growth in recurring revenues offset by a $75 million decline in non-recurring revenues stemming from lower professional services provided to joint ventures).
Total costs and operating expenses for 2025 were $7,369 million, compared to $7,420 million in 2024. Cost of revenues increased slightly by 1% to $4,508 million, reflecting higher depreciation and utility expenses offset by efficiency gains. Sales and marketing expenses remained stable at $903 million (1% increase). General and administrative expenses rose 4% to $1,840 million, primarily due to higher compensation costs and stock-based compensation to support organizational scaling. Restructuring and other exit charges were $33 million, transaction costs totaled $18 million, and impairment charges were $68 million recognized on long-lived assets that management no longer intends to hold long-term.
Income from operations rose significantly by 39% to $1,848 million in 2025, up from $1,328 million in 2024. Net income increased 66% to $1,348 million, resulting in net income attributable to common stockholders of $1,350 million. Basic and diluted earnings per share were $13.79 and $13.76, respectively, based on weighted-average shares of 97,883 thousand for basic and 98,123 thousand for diluted EPS. Adjusted EBITDA grew 11% to $4,530 million, reflecting strong operational performance across all segments.
Board of Directors and Leadership Team
Equinix is guided by an experienced executive leadership team and Board of Directors dedicated to maintaining rigorous corporate governance, strategic vision, and operational excellence:
- Adaire Fox-Martin: Chief Executive Officer and President
- Keith D. Taylor: Chief Financial Officer (Principal Financial Officer)
- Simon Miller: Chief Accounting Officer (Principal Accounting Officer)
- Charles Meyers: Executive Chairman
- Nanci Caldwell: Director
- Gary F. Hromadko: Director
- Rebecca Kujawa: Director
- Yanbing Li: Director
- Thomas Olinger: Director
- Christopher B. Paisley: Director
- Sandra Rivera: Director
- Fidelma Russo: Director
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, shortening the path to boundless connectivity anywhere in the world to enable the innovations that enrich our work, life and planet.
Equinix Corporate Vision
Future Strategy
Equinix’s forward-looking strategy centers on capturing accelerating secular demand driven by cloud adoption, enterprise digital transformation, and the explosive growth of artificial intelligence (AI). The company aims to fortify its position as the preeminent global digital infrastructure platform by executing several strategic pillars:
Expanding Global Footprint and Hyperscale Capacity: Equinix continues to scale its data center network globally. As of January 2026, the company had 52 active major development projects underway across 35 metros, projected to deliver over 55,000 cabinets of retail capacity and 100+ MW of xScale capacity through 2028. Strategic land acquisitions in major metros will support approximately 1 GW of future retail and xScale capacity.
Advancing AI Ecosystems: Recognizing AI as a major catalyst, Equinix is curating specialized AI ecosystems of model providers, data platforms, neoclouds, and enterprise consumers. The company’s future-proof data center designs provide the high-density power and advanced cooling required for AI training and inference workloads.
Sustaining Environmental Leadership: Equinix remains committed to its Future First sustainability strategy, advancing toward its 2030 goal of 100% clean and renewable energy coverage across its global portfolio and achieving net-zero greenhouse gas emissions by 2040. The company utilizes green financing instruments, having issued approximately $9.5 billion in green bonds to fund eligible decarbonization projects.
Key Strengths
Equinix possesses formidable competitive moats that support its long-term financial and operational outperformance:
Unmatched Global Ecosystem: A footprint of 280 data centers across 77 markets in 36 countries, connecting over 10,500 customers, 2,000+ network service providers, and industry-leading cloud on-ramps.
Proprietary Interconnection Leadership: Surpassing 500,000 total interconnections, providing high-performance, low-latency private connectivity that creates strong network effects and customer stickiness.
Proven REIT Financial Model: A resilient recurring revenue model (exceeding 90% of total revenues) combined with efficient capital structuring, robust operating cash flow ($3,911 million in 2025), and disciplined liquidity management.
Operational Reliability: Consistently delivering 99.9999%+ operational uptime across global data center facilities, ensuring mission-critical reliability for enterprise and government clients.
Key Challenges and Risks
Operating a complex global digital infrastructure business exposes Equinix to various macroeconomic, operational, and regulatory risks, as detailed in the company’s annual report:
Power Constraints and Energy Volatility: Securing reliable, sufficient power capacity for new expansions amidst global grid constraints, rising electricity costs, and rigorous renewable energy mandates presents ongoing operational hurdles.
Supply Chain Disruptions and Inflation: Geopolitical tensions, tariffs (particularly on steel and derivatives), shipping disruptions, and component shortages can increase construction costs and delay data center opening timelines.
Cybersecurity and Operational Vulnerabilities: Despite robust multi-layered security programs and ISO 27001 certifications, potential cyber-attacks, ransomware threats, or physical infrastructure failures pose risks to business continuity.
Complex REIT Compliance: Maintaining strict compliance with highly technical U.S. federal income tax rules governing real estate investment trusts, taxable REIT subsidiaries, and asset/income tests involves significant administrative complexity.
Conclusion and Strategic Outlook
Equinix enters the future from a position of exceptional strength, underpinned by its market-leading global platform, deep ecosystem adjacencies, and disciplined financial execution. As digital transformation, hybrid multi-cloud architectures, and artificial intelligence redefine global economic productivity, organizations increasingly rely on secure, low-latency, interconnected infrastructure. By combining expansive data center developments, innovative software-defined networking products, and an unwavering commitment to sustainability, Equinix is well-positioned to capture long-term secular growth, deliver enduring value to customers, and generate sustainable returns for stockholders.
Official Site
Official corporate website: https://www.equinix.com
Official SEC EDGAR 10-K Filing: SEC EDGAR Database
Financial Statements
All values are expressed in millions of United States Dollars (USD), except per share data.
Consolidated Statements of Operations
| Metric / Line Item | 2025 | 2024 | YoY Growth (%) |
|---|---|---|---|
| Revenues | $9,217 | $8,748 | +5.36% |
| Cost of revenues | $4,508 | $4,467 | +0.92% |
| Sales and marketing | $903 | $891 | +1.35% |
| General and administrative | $1,840 | $1,766 | +4.19% |
| Restructuring and other exit charges | $33 | $31 | +6.45% |
| Transaction costs | $18 | $50 | -64.00% |
| Impairment charges | $68 | $233 | -70.82% |
| Gain on asset sales | $(1) | $(18) | -94.44% |
| Total costs and operating expenses | $7,369 | $7,420 | -0.69% |
| Income from operations | $1,848 | $1,328 | +39.16% |
| Interest income | $193 | $137 | +40.88% |
| Interest expense | $(527) | $(457) | +15.32% |
| Other expense | $(7) | $(17) | -58.82% |
| Gain (loss) on debt extinguishment | $1 | $(16) | -93.75% |
| Income before income taxes | $1,508 | $975 | +54.67% |
| Income tax expense | $(160) | $(161) | -0.62% |
| Net income | $1,348 | $814 | +65.60% |
| Net (income) loss attributable to non-controlling interests | $2 | $1 | +100.00% |
| Net income attributable to common stockholders | $1,350 | $815 | +65.64% |
| Basic EPS | $13.79 | $8.54 | +61.48% |
| Diluted EPS | $13.76 | $8.50 | +61.88% |
Consolidated Balance Sheets
| Balance Sheet Accounts | 2025 | 2024 | YoY Growth (%) |
|---|---|---|---|
| Cash and cash equivalents | $1,727 | $3,081 | -43.95% |
| Short-term investments | $1,500 | $527 | +184.63% |
| Accounts receivable, net | $1,001 | $949 | +5.48% |
| Other current assets | $897 | $890 | +0.79% |
| Total current assets | $5,125 | $5,447 | -5.91% |
| Property, plant and equipment, net | $23,584 | $19,249 | +22.52% |
| Operating lease right-of-use assets | $1,392 | $1,419 | -1.90% |
| Goodwill | $5,984 | $5,504 | +8.72% |
| Intangible assets, net | $1,316 | $1,417 | -7.13% |
| Other assets | $2,740 | $2,049 | +33.72% |
| Total assets | $40,141 | $35,085 | +14.41% |
| Total current liabilities | $3,893 | $3,349 | +16.24% |
| Operating lease liabilities, less current portion | $1,304 | $1,331 | -2.03% |
| Finance lease liabilities, less current portion | $2,187 | $2,086 | +4.84% |
| Mortgage and loans payable, less current portion | $686 | $644 | +6.52% |
| Senior notes, less current portion | $16,910 | $13,363 | +26.54% |
| Other liabilities | $983 | $760 | +29.34% |
| Total liabilities | $25,963 | $21,533 | +20.57% |
| Redeemable non-controlling interest | $25 | $25 | 0.00% |
| Total common stockholders’ equity | $14,156 | $13,528 | +4.64% |
| Non-controlling interests | $(3) | $(1) | +200.00% |
| Total stockholders’ equity | $14,153 | $13,527 | +4.63% |
| Total liabilities, redeemable non-controlling interest and stockholders’ equity | $40,141 | $35,085 | +14.41% |
Consolidated Statements of Cash Flows
| Cash Flows Activity | 2025 | 2024 | YoY Growth (%) |
|---|---|---|---|
| Net cash provided by operating activities | $3,911 | $3,249 | +20.38% |
| Purchases of equity investments | $(60) | $(98) | -38.78% |
| Distributions from equity investments | $59 | $11 | +436.36% |
| Purchases of short-term investments | $(1,967) | $(520) | +278.27% |
| Maturity of short-term investments | $1,005 | $— | – |
| Business acquisitions, net of cash acquired | $(251) | $— | – |
| Real estate acquisitions | $(994) | $(337) | +194.96% |
| Purchases of other property, plant and equipment | $(4,311) | $(3,066) | +40.61% |
| Proceeds from sale of assets, net | $— | $247 | – |
| Settlement of foreign currency hedges | $104 | $83 | +25.30% |
| Investment in loan receivable | $(69) | $(261) | -73.56% |
| Loan receivable upfront fee | $— | $4 | – |
| Net cash used in investing activities | $(6,484) | $(3,937) | +64.69% |
| Proceeds from employee equity awards | $95 | $91 | +4.40% |
| Payment of dividends | $(1,856) | $(1,643) | +12.96% |
| Proceeds from public offering of common stock, net | $99 | $1,673 | -94.08% |
| Proceeds from senior notes, net of discounts | $4,311 | $2,768 | +55.74% |
| Repayments of finance lease liabilities | $(155) | $(140) | +10.71% |
| Contribution from non-controlling interest | $4 | $4 | 0.00% |
| Repayment of senior notes | $(1,200) | $(1,000) | +20.00% |
| Other financing activities | $(26) | $(30) | -13.33% |
| Net cash provided by financing activities | $1,272 | $1,723 | -26.18% |
| Effect of exchange rates on cash | $43 | $(49) | -12.24% |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $(1,258) | $986 | +27.59% |
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Subsidiaries & Joint Ventures
| Entity Name | Jurisdiction | Ownership / Type |
|---|---|---|
| TIM NextGen DC Corporation | Philippines | 100% / Subsidiary |
| EMEA 1 Joint Venture | EMEA Region | 20% / Joint Venture |
| Asia-Pacific 1 Joint Venture | Asia-Pacific | 20% / Joint Venture (VIE) |
| Asia-Pacific 2 Joint Venture | Asia-Pacific | 20% / Joint Venture (VIE) |
| Asia-Pacific 3 Joint Venture | Asia-Pacific | 20% / Joint Venture (VIE) |
| EMEA 2 Joint Venture | EMEA Region | 20% / Joint Venture (VIE) |
| AMER 1 Joint Venture | Americas | 20% / Joint Venture (VIE) |
| AMER 2 Joint Venture | Americas | 20% / Joint Venture (VIE) |
| AMER 3 Joint Venture | Americas | 25% / Joint Venture |
| Equinix Brasil Participações Ltda. | Brazil | 100% / Subsidiary |
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Other Investments & Holdings
| Holding Type | Description / Valuation Basis | Balance / Amount |
|---|---|---|
| Short-term investments | Time deposits and U.S. government securities | $1,500 million |
| Non-marketable equity investments | Cost less impairment, adjusted for observable price changes | Insignificant |
| Equity method investments (excluding JVs) | Various minority partnerships | $15 million |
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Physical Properties
| Property / Region | Location / Metro | Type / Status |
|---|---|---|
| Executive Offices | Redwood City, California | Leased Corporate Office |
| Americas Data Centers (109 IBXs) | Americas (US, Brazil, Canada, Colombia, Mexico, Peru, Chile) | Owned and Leased IBX / xScale Sites |
| EMEA Data Centers (88 IBXs) | EMEA (UK, Germany, France, Netherlands, Ireland, UAE, etc.) | Owned and Leased IBX / xScale Sites |
| Asia-Pacific Data Centers (58 IBXs) | Asia-Pacific (Japan, Singapore, Australia, Hong Kong, India, etc.) | Owned and Leased IBX / xScale Sites |
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Investments and Capital Expenditure
| Capital Expenditure / Investment Type | 2025 Amount | 2024 Amount | YoY Growth (%) |
|---|---|---|---|
| Purchases of other property, plant and equipment (Capex) | $4,311 million | $3,066 million | +40.61% |
| Real estate acquisitions | $994 million | $337 million | +194.96% |
| Business acquisitions, net of cash acquired | $251 million | $— | – |
| Purchases of equity investments | $60 million | $98 million | -38.78% |
| Segment Capital Expenditures (Americas) | $2,743 million | $1,838 million | +49.24% |
| Segment Capital Expenditures (EMEA) | $1,027 million | $808 million | +27.10% |
| Segment Capital Expenditures (Asia-Pacific) | $541 million | $420 million | +28.81% |
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Shareholding Pattern / Ownership
| Holder / Category | Shares / Details | Percentage / Notes | Filing Date / Reference |
|---|---|---|---|
| Registered Holders | 233 registered holders | As of January 31, 2026 | Form 10-K Item 5 |
| Common Stock Outstanding | 98,254,928 shares | As of February 10, 2026 | Form 10-K Cover Page |
| Authorized Common Stock | 300,000,000 shares | $0.001 par value per share | Form 10-K Balance Sheet |
| Treasury Stock | 62,000 shares (at cost) | Held in treasury as of December 31, 2025 | Form 10-K Balance Sheet |
Frequently Asked Questions
What is Equinix, Inc.’s primary business?
Equinix operates as the world’s digital infrastructure company, providing carrier-neutral data center colocation, physical and virtual interconnection solutions, edge services, and digital ecosystems across 280 data centers in 36 countries.
What were Equinix’s total revenues for the fiscal year ended December 31, 2025?
For the year ended December 31, 2025, Equinix reported total revenues of $9,217 million, of which $8,739 million represented recurring revenues.
Is Equinix taxed as a REIT?
Yes. Equinix elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes beginning with its 2015 taxable year.
What is Adjusted EBITDA for Equinix in 2025?
Equinix reported Adjusted EBITDA of $4,530 million for the year ended December 31, 2025.
Where are Equinix’s principal executive offices located?
Equinix’s principal executive offices are located at One Lagoon Drive, Redwood City, California 94065.