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Equinix (EQIX) Cost of Revenue (2016 - 2025)

Equinix has reported Cost of Revenue over the past 17 years, most recently at -$2.4 billion for Q4 2025.

  • Quarterly results put Cost of Revenue at -$2.4 billion for Q4 2025, down 1251.67% from a year ago — trailing twelve months through Dec 2025 was $48.0 million (down 98.17% YoY), and the annual figure for FY2025 was $903.0 million, up 1.35%.
  • Cost of Revenue for Q4 2025 was -$2.4 billion at Equinix, down from $1.1 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for EQIX hit a ceiling of $3.6 billion in Q4 2023 and a floor of -$2.4 billion in Q4 2025.
  • Median Cost of Revenue over the past 5 years was $887.8 million (2021), compared with a mean of $789.0 million.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 447.68% in 2023 and later crashed 1251.67% in 2025.
  • Equinix's Cost of Revenue stood at $910.4 million in 2021, then skyrocketed by 248.37% to $3.2 billion in 2022, then increased by 13.19% to $3.6 billion in 2023, then tumbled by 94.18% to $209.0 million in 2024, then crashed by 1251.67% to -$2.4 billion in 2025.
  • The last three reported values for Cost of Revenue were -$2.4 billion (Q4 2025), $1.1 billion (Q3 2025), and $1.1 billion (Q2 2025) per Business Quant data.