Equinix (EQIX) Operating Margin (2009 - 2025)
Equinix's annual Operating Margin came in at 20.05% in FY2025, up 32.08% year-over-year from 15.18% in FY2024.
Equinix has reported Operating Margin for 17 years, with the latest figure at 20.05% in FY2025.
- For the quarter ending Q1 2026, Operating Margin rose 302.0% year-over-year to 23.61%; the trailing twelve-month figure through Mar 2026 stood at 20.85% (up 477.0% YoY), and the FY2025 full-year result was 20.05%, up 487.0% from the prior year.
- Operating Margin for FY2025 stood at 20.05%, up from 15.18% in the prior year.
- The five-year high for Operating Margin was 20.05% in FY2025, with the low at 15.18% in FY2024.
- Average Operating Margin over 5 years is 17.22%, with a median of 16.7% recorded in 2021.
- Year-over-year, Operating Margin slumped 244 bps in 2024 and jumped 487 bps in 2025.
- Tracing EQIX's Operating Margin over 5 years: stood at 16.7% in 2021, then dropped by 1 bps to 16.52% in 2022, then climbed by 7 bps to 17.62% in 2023, then retreated by 14 bps to 15.18% in 2024, then jumped by 32 bps to 20.05% in 2025.
- The last three Operating Margin figures came in at 20.05% (FY2025), 15.18% (FY2024), and 17.62% (FY2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.10 Bn | 103.07 Bn | 2.20 Bn | - |
| 2 | American Tower | 85.70 Bn | 92.20 Bn | 2.70 Bn | - |
| 3 | Digital Realty Trust | 67.00 Bn | 66.16 Bn | - | - |
| 4 | Crown Castle | 40.17 Bn | 40.12 Bn | 984.00 Mn | - |
| 5 | Iron Mountain | 37.80 Bn | 37.83 Bn | 1.05 Bn | - |
| 6 | Sba Communications | 21.99 Bn | 22.08 Bn | 532.10 Mn | - |
| 7 | Weyerhaeuser | 16.98 Bn | 16.68 Bn | 318.00 Mn | - |
| 8 | Lamar Advertising | 15.51 Bn | 15.46 Bn | 403.56 Mn | 34.16% |
| 9 | Gaming & Leisure Properties | 13.46 Bn | 13.86 Bn | - | - |
| 10 | OUTFRONT Media | 5.85 Bn | 5.81 Bn | 202.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.05% |
| Dec 31, 2024 | 15.18% |
| Dec 31, 2023 | 17.62% |
| Dec 31, 2022 | 16.52% |
| Dec 31, 2021 | 16.70% |
| Dec 31, 2020 | 17.55% |
| Dec 31, 2019 | 21.03% |
| Dec 31, 2018 | 19.27% |
| Dec 31, 2017 | 18.52% |
| Dec 31, 2016 | 154.68% |
| Dec 31, 2015 | 20.81% |
| Dec 31, 2014 | 20.84% |
| Dec 31, 2013 | 21.41% |
| Dec 31, 2012 | 3.50% |
| Dec 31, 2011 | 2.90% |
| Dec 31, 2010 | -93.89% |
| Dec 31, 2009 | 20.52% |