Equinix (EQIX) Operating Expenses (2009 - 2026)
Equinix's quarterly Operating Expenses came in at $1.9 billion in Q1 2026, up 5.66% year-on-year from $1.8 billion in Q1 2025, and down 6.56% quarter-over-quarter from $2.0 billion in Q4 2025.
Equinix has reported Operating Expenses for 18 years, with the latest figure at $1.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.66% year-over-year to $1.9 billion; the trailing twelve-month figure through Mar 2026 stood at $7.5 billion (up 0.61% YoY), and the FY2025 full-year result was $7.4 billion, down 0.69% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.9 billion, down from $2.0 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.2 billion in Q4 2024, with the low at $1.5 billion in Q1 2022.
- Average Operating Expenses over 5 years is $1.7 billion, with a median of $1.8 billion recorded in 2025.
- Year-over-year, Operating Expenses grew 22.34% in 2024 and declined 7.41% in 2025.
- Tracing EQIX's Operating Expenses over 5 years: stood at $1.6 billion in 2022, then grew by 11.01% to $1.8 billion in 2023, then climbed by 22.34% to $2.2 billion in 2024, then fell by 7.41% to $2.0 billion in 2025, then retreated by 6.56% to $1.9 billion in 2026.
- The last three Operating Expenses figures came in at $1.9 billion (Q1 2026), $2.0 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | 1.87 Bn |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | 1.50 Bn |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | 1.37 Bn |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | 545.00 Mn |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | 1.54 Bn |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | 128.53 Mn |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | 120.00 Mn |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 399.87 Mn |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | 86.64 Mn |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | 373.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.87 Bn |
| Dec 31, 2025 | 2.00 Bn |
| Sep 30, 2025 | 1.84 Bn |
| Jun 30, 2025 | 1.76 Bn |
| Mar 31, 2025 | 1.77 Bn |
| Dec 31, 2024 | 2.16 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 1.72 Bn |
| Mar 31, 2024 | 1.76 Bn |
| Dec 31, 2023 | 1.76 Bn |
| Sep 30, 2023 | 1.68 Bn |
| Jun 30, 2023 | 1.69 Bn |
| Mar 31, 2023 | 1.61 Bn |
| Dec 31, 2022 | 1.59 Bn |
| Sep 30, 2022 | 1.51 Bn |
| Jun 30, 2022 | 1.50 Bn |
| Mar 31, 2022 | 1.47 Bn |
| Dec 31, 2021 | 1.46 Bn |
| Sep 30, 2021 | 1.39 Bn |
| Jun 30, 2021 | 1.38 Bn |
| Mar 31, 2021 | 1.30 Bn |
| Dec 31, 2020 | 1.34 Bn |
| Sep 30, 2020 | 1.23 Bn |
| Jun 30, 2020 | 1.19 Bn |
| Mar 31, 2020 | 1.19 Bn |
| Dec 31, 2019 | 1.10 Bn |
| Sep 30, 2019 | 1.11 Bn |
| Jun 30, 2019 | 1.09 Bn |
| Mar 31, 2019 | 1.08 Bn |
| Dec 31, 2018 | 1.04 Bn |
| Sep 30, 2018 | 1.02 Bn |
| Jun 30, 2018 | 1.05 Bn |
| Mar 31, 2018 | 990.00 Mn |
| Dec 31, 2017 | 968.18 Mn |
| Sep 30, 2017 | 927.40 Mn |
| Jun 30, 2017 | 881.53 Mn |
| Mar 31, 2017 | 782.31 Mn |
| Dec 31, 2016 | 758.19 Mn |
| Sep 30, 2016 | 754.74 Mn |
| Jun 30, 2016 | 748.86 Mn |
| Mar 31, 2016 | 731.47 Mn |
| Dec 31, 2015 | 594.59 Mn |
| Sep 30, 2015 | 545.77 Mn |
| Jun 30, 2015 | 526.45 Mn |
| Mar 31, 2015 | 491.73 Mn |
| Dec 31, 2014 | 510.30 Mn |
| Sep 30, 2014 | 485.31 Mn |
| Jun 30, 2014 | 480.46 Mn |
| Mar 31, 2014 | 458.44 Mn |
| Dec 31, 2013 | 439.69 Mn |
| Sep 30, 2013 | 427.89 Mn |
| Jun 30, 2013 | 412.91 Mn |
| Mar 31, 2013 | 411.35 Mn |
| Dec 31, 2012 | 403.36 Mn |
| Sep 30, 2012 | 391.99 Mn |
| Jun 30, 2012 | 355.15 Mn |
| Mar 31, 2012 | 342.50 Mn |
| Dec 31, 2011 | 335.01 Mn |
| Sep 30, 2011 | 330.77 Mn |
| Jun 30, 2011 | 320.03 Mn |
| Mar 31, 2011 | 291.72 Mn |
| Dec 31, 2010 | 267.76 Mn |
| Sep 30, 2010 | 278.32 Mn |
| Jun 30, 2010 | 255.87 Mn |
| Mar 31, 2010 | 200.67 Mn |
| Dec 31, 2009 | 191.77 Mn |
| Sep 30, 2009 | 182.00 Mn |
| Jun 30, 2009 | 172.14 Mn |