Equinix (EQIX) Gross Margin (2009 - 2026)
Equinix's (EQIX) quarterly Gross Margin came in at 51.47% in Q1 2026, up 19.0% year-on-year from 43.25% in Q1 2025, and up 1.94% quarter-over-quarter from 50.5% in Q4 2025.
Equinix (EQIX) Gross Margin (2009 - 2026) Analysis & Trends
Equinix's Gross Margin history runs 18 years deep, the most recent figure standing at 51.47% for Q1 2026.
- On a quarterly basis, Gross Margin rose 19.0% year-over-year to 51.47% in Q1 2026; TTM through Mar 2026 was 51.14%, a 156.0% increase from a year earlier, with the FY2025 full-year figure at 51.09%, up 215.0% from the prior year.
- Gross Margin improved to 51.47% in Q1 2026 per EQIX's latest filing, from 50.5% in the prior quarter.
- Across five years, Gross Margin topped out at 54.79% in Q1 2023 and bottomed at 47.1% in Q4 2024.
- The 5-year median for Gross Margin is 49.22% (2022), against an average of 49.63%.
- Across the five-year window, Gross Margin soared 759 bps in 2023 and sank 608 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 48.14% in 2022, then increased by 0 bps to 48.25% in 2023, then slipped by 2 bps to 47.1% in 2024, then advanced by 7 bps to 50.5% in 2025, then gained by 2 bps to 51.47% in 2026.
- Per Business Quant, the three latest EQIX Gross Margin figures stand at 51.47% (Q1 2026), 50.5% (Q4 2025), and 50.69% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.70 Bn | 99.65 Bn | 1.26 Bn | 51.47% |
| 2 | American Tower | 77.90 Bn | 77.77 Bn | 2.70 Bn | 98.59% |
| 3 | Digital Realty Trust | 66.37 Bn | 63.95 Bn | - | - |
| 4 | Iron Mountain | 37.20 Bn | 36.95 Bn | 1.05 Bn | 54.04% |
| 5 | Crown Castle | 32.40 Bn | 32.35 Bn | 23.00 Mn | 46.94% |
| 6 | Sba Communications | 18.30 Bn | 18.30 Bn | 532.10 Mn | 75.64% |
| 7 | Weyerhaeuser | 17.35 Bn | 17.05 Bn | 318.00 Mn | 18.41% |
| 8 | Lamar Advertising | 16.37 Bn | 16.34 Bn | 344.69 Mn | 65.28% |
| 9 | Gaming & Leisure Properties | 12.84 Bn | 12.84 Bn | - | - |
| 10 | OUTFRONT Media | 5.65 Bn | 5.58 Bn | 202.10 Mn | 47.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 47.13% |
| Jun 30, 2021 | 47.82% |