Equinix (EQIX) Gross Margin (2009 - 2026)
Equinix (EQIX) reported Gross Margin of 53.14% for Q2 2026, up 1.19 percentage points from 51.95% a year earlier and up 1.67 percentage points from the prior quarter.
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Analysis
Equinix (EQIX) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Equinix's Gross Margin came in at 51.49%, up 1.39 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).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q1 2023.
- Year over year, Gross Margin has now increased in each of the last six quarters, with an average year-over-year change of +1.35 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 Q2 2026 came in at 51.47% (Q1 2026), 50.50% (Q4 2025) and 50.69% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 63.81% |
| 10 | Akamai Technologies | 13.23 Bn | 6.64 Bn | 613.75 Mn | 55.81% |
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% |
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();