Equinix (EQIX) Operating Leases (2019 - 2026)
Equinix's Operating Leases was $1.21 billion in Q2 2026, down 12.1% from $1.38 billion a year earlier and down 3.6% from the prior quarter.
Powered by 
Analysis
Equinix (EQIX) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Equinix came in at $1.3 billion, down 2.0% from FY2024.
- Operating Leases shows a five-year compound annual growth rate of -0.1% (FY2020 to FY2025).
- In earlier years, Operating Leases was $1.33 billion in FY2024 (unchanged), $1.33 billion in FY2023 (+4.6%), $1.27 billion in FY2022 (+15.0%) and $1.11 billion in FY2021 (-15.4%).
- The Q2 2026 figure marks the lowest quarterly Operating Leases since Q1 2022.
- Compared with a year earlier, Operating Leases has declined for four straight quarters, with an average decline of 1.4% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q1 2023 (growth of 17.0%); the worst was Q4 2021 (a decline of 15.4%).
- Per Business Quant data, EQIX's Operating Leases in the three quarters before Q2 2026 was $1.26 billion (Q1 2026), $1.3 billion (Q4 2025) and $1.33 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 13.23 Bn | 6.64 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.21 Bn |
| Mar 31, 2026 | 1.26 Bn |
| Dec 31, 2025 | 1.30 Bn |
| Sep 30, 2025 | 1.33 Bn |
| Jun 30, 2025 | 1.38 Bn |
| Mar 31, 2025 | 1.38 Bn |
| Dec 31, 2024 | 1.33 Bn |
| Sep 30, 2024 | 1.37 Bn |
| Jun 30, 2024 | 1.27 Bn |
| Mar 31, 2024 | 1.28 Bn |
| Dec 31, 2023 | 1.33 Bn |
| Sep 30, 2023 | 1.40 Bn |
| Jun 30, 2023 | 1.40 Bn |
| Mar 31, 2023 | 1.24 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 1.23 Bn |
| Jun 30, 2022 | 1.29 Bn |
| Mar 31, 2022 | 1.06 Bn |
| Dec 31, 2021 | 1.11 Bn |
| Sep 30, 2021 | 1.15 Bn |
API Access
Equinix Operating Leases 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-leases&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();