Equinix (EQIX) Cost of Revenue (2009 - 2026)
Equinix (EQIX) posted Cost of Revenue of $1.2 billion for Q2 2026, up 3.71% on a QoQ basis from $1.2 billion in Q1 2026, and up 13.47% year-over-year from $1.1 billion in Q2 2025.
Analysis
Equinix (EQIX) Cost of Revenue (2009 - 2026) Analysis & Trends
Equinix has reported Cost of Revenue for 18 years, with the latest figure at $1.2 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 13.47% year-over-year to $1.2 billion in Q2 2026; TTM through Jun 2026 was $4.8 billion, a 6.59% increase from a year earlier, with the FY2025 full-year figure at $4.5 billion, up 0.92% from the prior year.
- Cost of Revenue was $1.2 billion for Q2 2026 at Equinix, up from $1.2 billion in the prior quarter.
- The five-year high for Cost of Revenue was $1.2 billion in Q2 2026, with the low at $915.9 million in Q1 2022.
- Average Cost of Revenue over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2025.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue increased 14.37% in 2023, then declined 0.64% in 2025.
- Over 5 years, Cost of Revenue stood at $970.2 million in 2022, then climbed by 12.55% to $1.1 billion in 2023, then increased by 9.52% to $1.2 billion in 2024, then climbed by 0.17% to $1.2 billion in 2025, then increased by 2.67% to $1.2 billion in 2026.
- The last three Cost of Revenue figures came in at $1.2 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 1.23 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 12.40 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 15.05 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 161.46 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 357.22 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 94.16 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 335.08 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 78.82 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 9.96 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 4.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 Bn |
| Mar 31, 2026 | 1.19 Bn |
| Dec 31, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.14 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 1.08 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.10 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 1.09 Bn |
| Sep 30, 2023 | 1.07 Bn |
| Jun 30, 2023 | 1.06 Bn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 970.20 Mn |
| Sep 30, 2022 | 934.67 Mn |
| Jun 30, 2022 | 930.26 Mn |
| Mar 31, 2022 | 915.88 Mn |
| Dec 31, 2021 | 910.44 Mn |
| Sep 30, 2021 | 885.65 Mn |