Equinix (EQIX) Operating Expenses (2009 - 2026)
Equinix's Operating Expenses came in at $1.96 billion for Q2 2026, up 11.2% from $1.76 billion a year earlier and up 5.0% from the prior quarter.
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Analysis
Equinix (EQIX) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Equinix reported Operating Expenses of $7.67 billion, up 2.7% year-over-year; for FY2025, it came in at $7.37 billion, down 0.7% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $7.42 billion in FY2024 (+10.0%), $6.75 billion in FY2023 (+11.2%), $6.06 billion in FY2022 (+9.7%) and $5.53 billion in FY2021 (+11.8%).
- The five-year range for quarterly Operating Expenses is $1.39 billion (Q3 2021) to $2.16 billion (Q4 2024).
- Year-over-year, Operating Expenses increased in seven of the last eight quarters, with growth averaging 5.5%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2024 (growth of 22.3%), and the weakest in Q4 2025 (a decline of 7.4%).
- Business Quant data shows EQIX's Operating Expenses at $1.87 billion (Q1 2026), $2 billion (Q4 2025) and $1.84 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 12.28 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 7.29 Bn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | 705.21 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 1.96 Bn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | 758.20 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | 2.62 Bn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 138.30 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 581.36 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 955.50 Mn |
| 10 | Akamai Technologies | 13.23 Bn | 6.64 Bn | 613.75 Mn | 1.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.96 Bn |
| 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 |
API Access
Equinix Operating Expenses 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=operating-expenses&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();