Equinix (EQIX) Net Margin (2009 - 2026)
Equinix's Net Margin was 19.02% in Q3 2026, up 2.87 percentage points from 16.15% a year earlier and up 0.77 percentage points from the prior quarter.
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Analysis
Equinix (EQIX) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Equinix's Net Margin was 16.38% through Sep 30, 2026, up 4.56 percentage points year-over-year; for FY2025, it was 14.65%, up 5.33 percentage points from FY2024.
- Net Margin shows a five-year change of +8.48 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 9.32% in FY2024 (-2.52 pp), 11.83% in FY2023 (+2.13 pp), 9.71% in FY2022 (+2.17 pp) and 7.54% in FY2021 (+1.37 pp).
- The Q3 2026 figure marks the highest quarterly Net Margin in data going back to Q2 2009.
- Compared with a year earlier, Net Margin has increased for seven straight quarters, with an average year-over-year change of +2.02 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2025 (a gain of 11.57 percentage points); the worst was Q4 2024 (a drop of 11.38 percentage points).
- Per Business Quant data, EQIX's Net Margin in the three quarters before Q3 2026 was 18.25% (Q2 2026), 16.98% (Q1 2026) and 10.95% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,937.35 Bn | 3,872.84 Bn | 62.56 Bn | 39.69% |
| 2 | International Business Machines | 243.29 Bn | 243.96 Bn | 9.71 Bn | - |
| 3 | Equinix | 102.62 Bn | 90.51 Bn | 1.31 Bn | 19.02% |
| 4 | Cloudflare | 99.98 Bn | 83.51 Bn | 499.52 Mn | -24.42% |
| 5 | Nebius | 43.52 Bn | 16.95 Bn | 448.70 Mn | -32.70% |
| 6 | CoreWeave | 33.47 Bn | 20.56 Bn | 1.70 Bn | -24.31% |
| 7 | Verisign | 27.47 Bn | 24.83 Bn | 393.20 Mn | 47.99% |
| 8 | Nutanix | 19.13 Bn | 10.82 Bn | 651.35 Mn | 167.85% |
| 9 | Akamai Technologies | 14.27 Bn | 7.68 Bn | 613.75 Mn | 7.22% |
| 10 | GoDaddy | 13.44 Bn | 13.44 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.02% |
| Jun 30, 2026 | 18.25% |
| Mar 31, 2026 | 16.98% |
| Dec 31, 2025 | 10.95% |
| Sep 30, 2025 | 16.15% |
| Jun 30, 2025 | 16.31% |
| Mar 31, 2025 | 15.42% |
| Dec 31, 2024 | -0.62% |
| Sep 30, 2024 | 13.49% |
| Jun 30, 2024 | 13.94% |
| Mar 31, 2024 | 10.86% |
| Dec 31, 2023 | 10.76% |
| Sep 30, 2023 | 13.39% |
| Jun 30, 2023 | 10.25% |
| Mar 31, 2023 | 11.64% |
| Dec 31, 2022 | 6.92% |
| Sep 30, 2022 | 11.51% |
| Jun 30, 2022 | 11.90% |
| Mar 31, 2022 | 8.50% |
| Dec 31, 2021 | 7.22% |
API Access
Equinix Net 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=net-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();