Equinix (EQIX) Operating Margin (2009 - 2026)
Equinix (EQIX) posted Operating Margin of 23.34% for Q3 2026, up 2.87 percentage points from 20.47% a year earlier but down 2.00 percentage points from the prior quarter.
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Analysis
Equinix (EQIX) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Equinix was 22.50%, up 5.62 percentage points year-over-year; for FY2025, it came in at 20.05%, up 4.87 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +2.50 percentage points (FY2020 to FY2025).
- In prior years, Equinix's Operating Margin was 15.18% in FY2024 (-2.44 pp), 17.62% in FY2023 (+1.10 pp), 16.52% in FY2022 (-0.18 pp) and 16.70% in FY2021 (-0.85 pp).
- Quarterly Operating Margin has run from a low of 4.56% in Q4 2024 to a high of 25.33% in Q2 2026 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last seven quarters, with an average year-over-year change of +2.09 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2025, with a gain of 12.88 percentage points; the weakest was Q4 2024, with a drop of 11.84 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 25.33% (Q2 2026), 23.61% (Q1 2026) and 17.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 49.76% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 15.88% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 23.34% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | -29.55% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | -30.21% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 66.93% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -1.90% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 9.24% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 27.02% |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 7.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.34% |
| Jun 30, 2026 | 25.33% |
| Mar 31, 2026 | 23.61% |
| Dec 31, 2025 | 17.44% |
| Sep 30, 2025 | 20.47% |
| Jun 30, 2025 | 21.90% |
| Mar 31, 2025 | 20.58% |
| Dec 31, 2024 | 4.56% |
| Sep 30, 2024 | 19.31% |
| Jun 30, 2024 | 20.19% |
| Mar 31, 2024 | 17.11% |
| Dec 31, 2023 | 16.40% |
| Sep 30, 2023 | 18.49% |
| Jun 30, 2023 | 16.44% |
| Mar 31, 2023 | 17.26% |
| Dec 31, 2022 | 15.06% |
| Sep 30, 2022 | 18.10% |
| Jun 30, 2022 | 17.49% |
| Mar 31, 2022 | 15.41% |
| Dec 31, 2021 | 14.63% |
API Access
Equinix Operating Margin 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-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();