Equinix (EQIX) Gross Margin (2009 - 2026)
Equinix (EQIX) reported Gross Margin of 51.11% for Q3 2026, up 0.42 percentage points from 50.69% a year earlier but down 2.03 percentage points from the prior quarter.
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Analysis
Equinix (EQIX) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Equinix's Gross Margin came in at 51.58%, up 1.33 percentage points year-over-year; for FY2025, it came in at 51.09%, up 2.15 percentage points from FY2024.
- Gross Margin has increased for four consecutive years, with a five-year change of +2.34 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 48.94% in FY2024 (+0.57 pp), 48.36% in FY2023 (+0.01 pp), 48.35% in FY2022 (+0.69 pp) and 47.67% in FY2021 (-1.08 pp).
- Five-year quarterly Gross Margin spans a low of 46.65% in Q4 2021 and a high of 54.79% in Q1 2023.
- Year over year, Gross Margin has now increased in each of the last seven quarters, with an average year-over-year change of +1.16 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2023 (a gain of 7.59 percentage points); the low point was Q1 2024 (a drop of 6.08 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 53.14% (Q2 2026), 51.47% (Q1 2026) and 50.50% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,766.38 Bn | 3,701.87 Bn | 62.56 Bn | 67.79% |
| 2 | International Business Machines | 237.97 Bn | 188.88 Bn | 9.91 Bn | 57.73% |
| 3 | Equinix | 98.36 Bn | 86.25 Bn | 1.31 Bn | 51.11% |
| 4 | Cloudflare | 85.46 Bn | 68.99 Bn | 499.52 Mn | 71.76% |
| 5 | Nebius | 35.77 Bn | 9.21 Bn | 448.70 Mn | 77.06% |
| 6 | Verisign | 27.69 Bn | 25.05 Bn | 393.20 Mn | 88.76% |
| 7 | CoreWeave | 27.63 Bn | 14.72 Bn | 1.70 Bn | 65.86% |
| 8 | Nutanix | 17.43 Bn | 9.12 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 14.80 Bn | 10.38 Bn | 828.20 Mn | 63.81% |
| 10 | Akamai Technologies | 12.45 Bn | 5.86 Bn | 613.75 Mn | 55.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 51.11% |
| Jun 30, 2026 | 53.14% |
| Mar 31, 2026 | 51.47% |
| Dec 31, 2025 | 50.50% |
| Sep 30, 2025 | 50.69% |
| Jun 30, 2025 | 51.95% |
| Mar 31, 2025 | 51.28% |
| Dec 31, 2024 | 47.10% |
| Sep 30, 2024 | 50.11% |
| Jun 30, 2024 | 49.88% |
| Mar 31, 2024 | 48.71% |
| Dec 31, 2023 | 48.25% |
| Sep 30, 2023 | 48.13% |
| Jun 30, 2023 | 47.45% |
| Mar 31, 2023 | 54.79% |
| Dec 31, 2022 | 48.14% |
| Sep 30, 2022 | 49.22% |
| Jun 30, 2022 | 48.81% |
| Mar 31, 2022 | 47.19% |
| Dec 31, 2021 | 46.65% |
API Access
Equinix Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EQIX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();