Equinix (EQIX) Operating Margin (2009 - 2025)

Equinix's Operating Margin history runs 17 years deep, the most recent figure standing at 20.05% for FY2025.

• In Q1 2026, Operating Margin rose 302.0% year-over-year to 23.61%; the TTM figure through Mar 2026 stood at 20.85% (up 477.0% YoY), while the FY2025 annual figure was 20.05%, up 487.0% from the prior year.
• Operating Margin was 20.05% for FY2025 at Equinix, up from 15.18% in the prior year.
• In the past five years, Operating Margin ranged from a high of 20.05% in FY2025 to a low of 15.18% in FY2024.
• Historically, Operating Margin has averaged 17.22% across 5 years, with a median of 16.7% in 2021.
• The sharpest annual moves came in 2024 and 2025: Operating Margin slumped 244 bps in 2024, then surged 487 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 16.7% in 2021, then slipped by 1 bps to 16.52% in 2022, then advanced by 7 bps to 17.62% in 2023, then fell by 14 bps to 15.18% in 2024, then soared 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.