Equinix (EQIX) Operating Expenses (2009 - 2026)

Equinix's (EQIX) 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 (EQIX) Operating Expenses (2009 - 2026) Analysis & Trends

Equinix's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.9 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 5.66% year-over-year to $1.9 billion in Q1 2026; TTM through Mar 2026 was $7.5 billion, a 0.61% increase from a year earlier, with the FY2025 full-year figure at $7.4 billion, down 0.69% from the prior year.
  • Operating Expenses slipped to $1.9 billion in Q1 2026 per EQIX's latest filing, from $2.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.2 billion in Q4 2024 and bottomed at $1.5 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $1.8 billion (2025), against an average of $1.7 billion.
  • Across the five-year window, Operating Expenses grew 22.34% in 2024 and declined 7.41% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $1.6 billion in 2022, then climbed by 11.01% to $1.8 billion in 2023, then advanced by 22.34% to $2.2 billion in 2024, then declined by 7.41% to $2.0 billion in 2025, then fell by 6.56% to $1.9 billion in 2026.
  • Per Business Quant, the three latest EQIX Operating Expenses figures stand at $1.9 billion (Q1 2026), $2.0 billion (Q4 2025), and $1.8 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 103.14 Bn 100.08 Bn 1.26 Bn 1.87 Bn
2 American Tower 77.47 Bn 77.34 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 66.91 Bn 64.49 Bn - 1.37 Bn
4 Iron Mountain 37.25 Bn 36.99 Bn 1.05 Bn 1.54 Bn
5 Crown Castle 32.22 Bn 32.17 Bn 23.00 Mn 545.00 Mn
6 Sba Communications 18.21 Bn 18.21 Bn 532.10 Mn 360.59 Mn
7 Weyerhaeuser 17.34 Bn 17.04 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 16.36 Bn 16.33 Bn 344.69 Mn 381.94 Mn
9 Gaming & Leisure Properties 12.83 Bn 12.83 Bn - 86.64 Mn
10 OUTFRONT Media 5.64 Bn 5.57 Bn 202.10 Mn 373.70 Mn

Historic Data

Download Data
DateValue
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