Equinix (EQIX) Gross Margin (2009 - 2026)
Equinix (EQIX) posted Gross Margin of 53.14% for Q2 2026, up 3.24% on a QoQ basis from 51.47% in Q1 2026, and up 119.0% year-over-year from 24.27% in Q2 2025.
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Equinix (EQIX) Gross Margin (2009 - 2026) Analysis & Trends
Equinix has reported Gross Margin for 18 years, with the latest figure at 53.14% in Q2 2026.
- On a quarterly basis, Gross Margin rose 119.0% year-over-year to 53.14% in Q2 2026; TTM through Jun 2026 was 51.49%, a 139.0% increase from a year earlier, with the FY2025 full-year figure at 51.09%, up 215.0% from the prior year.
- Gross Margin was 53.14% for Q2 2026 at Equinix, up from 51.47% in the prior quarter.
- The five-year high for Gross Margin was 54.79% in Q1 2023, with the low at 47.1% in Q4 2024.
- Average Gross Margin over 5 years is 49.82%, with a median of 49.55% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 759 bps in 2023, then plunged 608 bps in 2024.
- Over 5 years, Gross Margin stood at 48.14% in 2022, then rose by 0 bps to 48.25% in 2023, then dropped by 2 bps to 47.1% in 2024, then climbed by 7 bps to 50.5% in 2025, then grew by 5 bps to 53.14% in 2026.
- The last three Gross Margin figures came in at 53.14% (Q2 2026), 51.47% (Q1 2026), and 50.5% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 53.14% |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 72.30% |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 39.42% |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 37.60% |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 21.51% |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 42.66% |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 18.18% |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 39.59% |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 65.45% |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -36.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 47.13% |