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| 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 |