Equinix, Inc.
equinix.comWhat Do They Do?
Sells data-center space and power, connections between businesses, and managed IT services to enterprises, network providers, and cloud and IT service providers.
10-K for FY2025, filed Feb 11, 2026IBX Data Centers are our carrier-neutral colocation data centers, providing our customers with the secure, reliable and robust environments…View ↗
Equinix infrastructure offerings include a suite of comprehensive solutions that provide all the components required by a customer to house…View ↗
Our interconnection solutions connect businesses directly, securely and dynamically within and between our data centers across our global…View ↗
Our customers include telecommunications carriers, mobile and other network services providers, cloud and IT services providers, digital…View ↗
How Do They Make Money?
Colocation, 70% of revenue, brings in monthly charges for data-center space and power under fixed-duration contracts. Other recurring services are generally billed monthly; installation fees are generally paid upfront, while professional services and equipment sales generate revenue when provided or sold.
10-K for FY2025, filed Feb 11, 2026Equinix infrastructure offerings include a suite of comprehensive solutions that provide all the components required by a customer to house…View ↗
We derive more than 90% of our revenues from recurring revenue streams, consisting primarily of (1) colocation, which includes the…View ↗
Revenues are recognized when control of these products and services is transferred to its customers, in an amount that reflects the…View ↗
-
10-K for FY2025, filed Feb 11, 2026
FY2025 revenue by product or service ↗
$9.2B
-
10-K for FY2025, filed Feb 11, 2026
$9.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Colocation
Recurring
10-K for FY2025, filed Feb 11, 2026 |
70%
FY2022: 70%
|
Colocation, FY2025
$6.5B Sources
|
Recurring |
|
Interconnection
Recurring
10-K for FY2025, filed Feb 11, 2026 |
18%
FY2022: 17%
|
Interconnection, FY2025
$1.7B Sources
|
Recurring |
|
Managed infrastructure
Recurring
|
5.1%
FY2022: 5.7%
|
Managed infrastructure, FY2025
$466M Sources
|
Recurring |
|
Other
Recurring
|
1.6%
FY2022: 1.5%
|
Other, FY2025
$143M Sources
|
Recurring |
|
Non-recurring revenues
|
5.2%
FY2022: 5.4%
|
Non-recurring revenues, FY2025
$478M Sources
|
Who Are Their Customers?
Telecommunications and network providers, cloud and IT service providers, and companies across other industries use its colocation, interconnection and managed IT services. Equinix sells through a direct sales force and channel marketing program.
10-K for FY2025, filed Feb 11, 2026
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$400M.
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
-
Jul 29, 2026
Raised full-year guidance and long-term revenue outlook
The annual revenue growth outlook for 2027–2029 rose from 7–10% to 10–13%.
Sources
8-K, filed Jul 29, 2026
($ in millions) Prior Outlook (1) Updated Outlook(2027 - 2029) Total Revenue Growth(Annual Range) (2) 7 - 10% 10 - 13% Adjusted EBITDA…View ↗
-
Mar 10, 2026
Appointed Olivier Leonetti as chief financial officer
He will succeed Keith Taylor, who announced his retirement.
Sources
8-K, filed Mar 10, 2026
On March 7, 2026, the Board of Directors (the “Board”) of Equinix, Inc. (the “Company”) approved the appointment of Olivier Leonetti as…View ↗
Growing. Revenue grew 39% in 4 years, from $6.6B in FY2021 to $9.2B in FY2025, about 9% a year.
Loading...
