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Is Equinix (EQIX) tradable as a perp? Not yet

Equinix provides digital infrastructure and data center solutions that connect businesses, economies, and communities worldwide, enabling seamless digital experiences and AI innovation.

Not yet listed on any perp exchange

No perpetual-futures venue lists EQIX yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NASDAQ:EQIX

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Company data

Company fundamentals

Updated 3h ago
Market cap
$100.8B
Updated 3h ago
Revenue
$9.8B
Trailing 12 months
Revenue growth
+11%
Next fiscal year
Profit margin
+15.6%
P/E
65.5
Peer P/E 1.8
Free cash flow
$1.4B
Trailing 12 months
More metrics
Net income
$1.5B
Trailing 12 months
P/S
10.3
Peer P/E
1.8
Similar listed perps
Revenue estimate
$10.3B
Next fiscal year
Earnings
2026-11-04
Revenue est. $2.6B · Updated 3h ago
Dividend
$5.16
2026-08-19

Fundamental detail

Annual + quarterly
Latest revenue$9.3B
Net margin+14.6%
Free cash flow-$400M
Net debt$21B
2020$6B
2021$6.6B
2022$7.3B
2023$8.2B
2024$8.7B
2025$9.3B
PeriodRevenueGrowthNet incomeFCF
2020$6B+8%$369.8M$27.3M
2021$6.6B+11%$500.2M-$204.3M
2022$7.3B+9%$704.3M$685.2M
2023$8.2B+13%$969.2M$435.6M
2024$8.7B+7%$815M$183M
2025$9.3B+6%$1.4B-$400M
PeriodGross marginOperating marginNet marginROEROA
2020+48.7%+17.6%+6.2%+3.5%+1.4%
2021+47.7%+16.7%+7.5%+4.6%+1.8%
2022+48.4%+16.5%+9.7%+6.1%+2.3%
2023+48.4%+17.6%+11.8%+7.8%+3.0%
2024+48.9%+15.2%+9.3%+6.0%+2.3%
2025+51.3%+20.0%+14.6%+9.5%+3.4%
PeriodCashDebtNet debtCurrent ratio
2020$1.6B$13.9B$12.3B1.29
2021$1.5B$15B$13.5B1.84
2022$1.9B$16.5B$14.6B1.80
2023$2.1B$17.5B$15.4B1.13
2024$3.1B$19B$15.9B1.63
2025$1.7B$22.7B$21B1.32
PeriodMarket capEnterprise valueP/SP/E
2020$62.6B$75B10.4169.2
2021$75.9B$89.4B11.4151.9
2022$60B$74.5B8.385.2
2023$75.4B$90.8B9.277.8
2024$90B$105.9B10.3110.4
2025$75B$96B8.155.6
Q3 2024$2.2B
Q4 2024$2.3B
Q1 2025$2.2B
Q2 2025$2.3B
Q3 2025$2.3B
Q4 2025$2.4B
Q1 2026$2.4B
Q2 2026$2.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2.2B+7%$297M$34M
Q4 2024$2.3B+7%-$14M-$6M
Q1 2025$2.2B+5%$343M$59M
Q2 2025$2.3B+4%$368M-$45M
Q3 2025$2.3B+5%$374M-$122M
Q4 2025$2.4B+8%$265M-$292M
Q1 2026$2.4B+10%$415M-$539M
Q2 2026$2.6B+16%$479M$2.3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+50.1%+19.3%+13.5%+2.2%+0.8%
Q4 2024+47.1%+4.6%-0.6%-0.1%0.0%
Q1 2025+51.3%+20.6%+15.4%+2.5%+1.0%
Q2 2025+52.0%+21.9%+16.3%+2.6%+0.9%
Q3 2025+50.7%+20.5%+16.1%+2.6%+1.0%
Q4 2025+50.9%+17.3%+10.9%+1.9%+0.7%
Q1 2026+51.5%+23.6%+17.0%+2.9%+1.0%
Q2 2026+53.1%+25.3%+18.2%+3.3%+1.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.8B$19.2B$16.4B1.16
Q4 2024$3.1B$19B$15.9B1.63
Q1 2025$3B$19.7B$16.7B1.65
Q2 2025$3.7B$21.9B$18.2B1.54
Q3 2025$2.1B$21B$18.9B1.62
Q4 2025$1.7B$22.7B$21B1.32
Q1 2026$1.4B$23.3B$21.9B1.18
Q2 2026$979M$23.4B$22.4B1.13
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$84.7B$101.1B38.571.4
Q4 2024$91.3B$107.2B40.4-1,683.7
Q1 2025$79.5B$96.2B35.757.9
Q2 2025$77.8B$96B34.552.9
Q3 2025$76.7B$95.6B33.151.3
Q4 2025$75.2B$96.2B30.870.9
Q1 2026$96.4B$118.4B39.558.1
Q2 2026$102.8B$125.2B39.253.6

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.6BQ2 2026
$656.3M$1.3B$2B$2.6BQ3 2023: $2.1BQ4 2023: $2.1BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.2BQ4 2024: $2.3BQ1 2025: $2.2BQ2 2025: $2.3BQ3 2025: $2.3BQ4 2025: $2.4BQ1 2026: $2.4BQ2 2026: $2.6BQ3 2023Q2 2026
Net income$479MQ2 2026
$109.3M$232.5M$355.8M$479MQ3 2023: $275.8MQ4 2023: $227.6MQ1 2024: $231MQ2 2024: $301MQ3 2024: $297MQ4 2024: -$14MQ1 2025: $343MQ2 2025: $368MQ3 2025: $374MQ4 2025: $265MQ1 2026: $415MQ2 2026: $479MQ3 2023Q2 2026
EBITDA$1.2BQ2 2026
$307.8M$615.5M$923.3M$1.2BQ3 2023: $861MQ4 2023: $836.9MQ1 2024: $907MQ2 2024: $947MQ3 2024: $963MQ4 2024: $624MQ1 2025: $993MQ2 2025: $1BQ3 2025: $1.1BQ4 2025: $1.1BQ1 2026: $1.1BQ2 2026: $1.2BQ3 2023Q2 2026
Free cash flow$2.3BQ2 2026
$176.5M$892M$1.6B$2.3BQ3 2023: $167.6MQ4 2023: $30.6MQ1 2024: -$109MQ2 2024: $264MQ3 2024: $34MQ4 2024: -$6MQ1 2025: $59MQ2 2025: -$45MQ3 2025: -$122MQ4 2025: -$292MQ1 2026: -$539MQ2 2026: $2.3BQ3 2023Q2 2026
EPS$4.83Q2 2026
$1.1$2.34$3.59$4.83Q3 2023: $2.93Q4 2023: $2.4Q1 2024: $2.43Q2 2024: $3.16Q3 2024: $3.1Q4 2024: -$0.14Q1 2025: $3.5Q2 2025: $3.75Q3 2025: $3.81Q4 2025: $2.69Q1 2026: $4.2Q2 2026: $4.83Q3 2023Q2 2026
Cash / Debt$979MQ2 2026
$5.8B$11.7B$17.5B$23.4BQ3 2023 · Cash: $2.4BQ3 2023 · Debt: $17.4BQ4 2023 · Cash: $2.1BQ4 2023 · Debt: $17.5BQ1 2024 · Cash: $1.5BQ1 2024 · Debt: $17.3BQ2 2024 · Cash: $2BQ2 2024 · Debt: $18BQ3 2024 · Cash: $2.8BQ3 2024 · Debt: $19.2BQ4 2024 · Cash: $3.1BQ4 2024 · Debt: $19BQ1 2025 · Cash: $3BQ1 2025 · Debt: $19.7BQ2 2025 · Cash: $3.7BQ2 2025 · Debt: $21.9BQ3 2025 · Cash: $2.1BQ3 2025 · Debt: $21BQ4 2025 · Cash: $1.7BQ4 2025 · Debt: $22.7BQ1 2026 · Cash: $1.4BQ1 2026 · Debt: $23.3BQ2 2026 · Cash: $979MQ2 2026 · Debt: $23.4BQ3 2023Q2 2026
CashDebt
Profitability+53.1%Q2 2026
+12.8%+26.3%+39.7%+53.1%Q3 2023 · Gross margin: +48.1%Q4 2023 · Gross margin: +48.3%Q1 2024 · Gross margin: +48.7%Q2 2024 · Gross margin: +49.9%Q3 2024 · Gross margin: +50.1%Q4 2024 · Gross margin: +47.1%Q1 2025 · Gross margin: +51.3%Q2 2025 · Gross margin: +52.0%Q3 2025 · Gross margin: +50.7%Q4 2025 · Gross margin: +50.9%Q1 2026 · Gross margin: +51.5%Q2 2026 · Gross margin: +53.1%Q3 2023 · Operating margin: +18.5%Q4 2023 · Operating margin: +16.4%Q1 2024 · Operating margin: +17.1%Q2 2024 · Operating margin: +20.2%Q3 2024 · Operating margin: +19.3%Q4 2024 · Operating margin: +4.6%Q1 2025 · Operating margin: +20.6%Q2 2025 · Operating margin: +21.9%Q3 2025 · Operating margin: +20.5%Q4 2025 · Operating margin: +17.3%Q1 2026 · Operating margin: +23.6%Q2 2026 · Operating margin: +25.3%Q3 2023 · Net margin: +13.4%Q4 2023 · Net margin: +10.8%Q1 2024 · Net margin: +10.9%Q2 2024 · Net margin: +13.9%Q3 2024 · Net margin: +13.5%Q4 2024 · Net margin: -0.6%Q1 2025 · Net margin: +15.4%Q2 2025 · Net margin: +16.3%Q3 2025 · Net margin: +16.1%Q4 2025 · Net margin: +10.9%Q1 2026 · Net margin: +17.0%Q2 2026 · Net margin: +18.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+16.4%Q2 2026
+4.1%+8.2%+12.3%+16.4%Q3 2024: +6.8%Q4 2024: +7.1%Q1 2025: +4.6%Q2 2025: +4.5%Q3 2025: +5.2%Q4 2025: +8.0%Q1 2026: +9.8%Q2 2026: +16.4%Q3 2023Q2 2026
Shares outstanding99.1MQ2 2026
24.8M49.6M74.4M99.1MQ3 2023: 94.2MQ4 2023: 94.7MQ1 2024: 95.2MQ2 2024: 95.2MQ3 2024: 95.4MQ4 2024: 96.8MQ1 2025: 97.9MQ2 2025: 98.1MQ3 2025: 98.2MQ4 2025: 98.4MQ1 2026: 98.7MQ2 2026: 99.1MQ3 2023Q2 2026
Valuation53.6Q2 2026
-1,241.9-800.1-358.383.5Q3 2023 · P/E: 61.8Q4 2023 · P/E: 83.5Q1 2024 · P/E: 82.0Q2 2024 · P/E: 60.1Q3 2024 · P/E: 71.4Q4 2024 · P/E: -1,683.7Q1 2025 · P/E: 57.9Q2 2025 · P/E: 52.9Q3 2025 · P/E: 51.3Q4 2025 · P/E: 70.9Q1 2026 · P/E: 58.1Q2 2026 · P/E: 53.6Q3 2023 · P/S: 33.0Q4 2023 · P/S: 36.0Q1 2024 · P/S: 35.6Q2 2024 · P/S: 33.5Q3 2024 · P/S: 38.5Q4 2024 · P/S: 40.4Q1 2025 · P/S: 35.7Q2 2025 · P/S: 34.5Q3 2025 · P/S: 33.1Q4 2025 · P/S: 30.8Q1 2026 · P/S: 39.5Q2 2026 · P/S: 39.2Q3 2023Q2 2026
P/EP/S
Revenue$9.3B2025
$2.3B$4.6B$6.9B$9.3B2018: $5.1B2019: $5.6B2020: $6B2021: $6.6B2022: $7.3B2023: $8.2B2024: $8.7B2025: $9.3B20182025
Net income$1.4B2025
$337.5M$675M$1B$1.4B2018: $365.4M2019: $507.5M2020: $369.8M2021: $500.2M2022: $704.3M2023: $969.2M2024: $815M2025: $1.4B20182025
EBITDA$4.1B2025
$1B$2B$3.1B$4.1B2018: $2.2B2019: $2.5B2020: $2.3B2021: $2.6B2022: $2.9B2023: $3.4B2024: $3.4B2025: $4.1B20182025
Free cash flow-$400M2025
-$128.7M$142.6M$413.9M$685.2M2018: -$280.7M2019: -$86.8M2020: $27.3M2021: -$204.3M2022: $685.2M2023: $435.6M2024: $183M2025: -$400M20182025
EPS$13.82025
$3.44$6.88$10.3$13.82018: $4.562019: $5.992020: $4.182021: $5.532022: $7.672023: $10.32024: $8.52025: $13.820182025
Cash / Debt$1.7B2025
$5.7B$11.4B$17B$22.7B2018 · Cash: $606.2M2018 · Debt: $11.3B2019 · Cash: $1.9B2019 · Debt: $13.3B2020 · Cash: $1.6B2020 · Debt: $13.9B2021 · Cash: $1.5B2021 · Debt: $15B2022 · Cash: $1.9B2022 · Debt: $16.5B2023 · Cash: $2.1B2023 · Debt: $17.5B2024 · Cash: $3.1B2024 · Debt: $19B2025 · Cash: $1.7B2025 · Debt: $22.7B20182025
CashDebt
Profitability+51.3%2025
+12.8%+25.7%+38.5%+51.3%2018 · Gross margin: +48.6%2019 · Gross margin: +49.5%2020 · Gross margin: +48.7%2021 · Gross margin: +47.7%2022 · Gross margin: +48.4%2023 · Gross margin: +48.4%2024 · Gross margin: +48.9%2025 · Gross margin: +51.3%2018 · Operating margin: +19.3%2019 · Operating margin: +21.0%2020 · Operating margin: +17.6%2021 · Operating margin: +16.7%2022 · Operating margin: +16.5%2023 · Operating margin: +17.6%2024 · Operating margin: +15.2%2025 · Operating margin: +20.0%2018 · Net margin: +7.2%2019 · Net margin: +9.1%2020 · Net margin: +6.2%2021 · Net margin: +7.5%2022 · Net margin: +9.7%2023 · Net margin: +11.8%2024 · Net margin: +9.3%2025 · Net margin: +14.6%20182025
Gross marginOperating marginNet margin
Revenue growth+5.9%2025
+3.2%+6.4%+9.6%+12.7%2019: +9.7%2020: +7.8%2021: +10.6%2022: +9.5%2023: +12.7%2024: +6.8%2025: +5.9%20182025
Shares outstanding98.1M2025
24.5M49.1M73.6M98.1M2018: 80.2M2019: 84.7M2020: 88.4M2021: 90.4M2022: 91.8M2023: 94M2024: 95.8M2025: 98.1M20182025
Valuation55.62025
42.384.6126.9169.22018 · P/E: 77.02019 · P/E: 96.82020 · P/E: 169.22021 · P/E: 151.92022 · P/E: 85.22023 · P/E: 77.82024 · P/E: 110.42025 · P/E: 55.62018 · P/S: 5.52019 · P/S: 8.82020 · P/S: 10.42021 · P/S: 11.42022 · P/S: 8.32023 · P/S: 9.22024 · P/S: 10.32025 · P/S: 8.120182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202617.21$10.3B+11%11
FY 202718.80$11.4B+23%13
FY 202821.12$12.7B+37%13
FY 202923.79$14.2B+54%10
FY 203026.31$15.5B+67%5
Q1 20274.45$2.7B+11%2

Company events

6
2026-11-04EarningsActual - / Estimate 4.14-
2026-08-19Dividend$5.16-
2026-07-29EarningsActual 4.83 / Estimate 4.73Beat
2026-05-20Dividend$5.16-
2026-04-29EarningsActual 4.2 / Estimate 4.3Miss
2026-02-25Dividend$5.16-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
AGNC$11.3B3.75.0+72.0%1OPEN$2.5B0.6-1.4-46.7%1

Analyst track record

How the analysts covering EQIX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings149424
Analysts3346
Buy / hold / sell128 / 21 / 0345 / 79 / 0
Upgrades / downgrades / initiations3 / 1 / 811 / 7 / 16
Price targets hit / missed44 / 93 (32%)243 / 143 (63%)
Avg. return after a rating (TipRanks)-6.9%+3.4%
Best / worst call+30.7% / -26.7%+53.4% / -26.7%

After buy calls on this stock: median 21-day move +1.0% vs S&P 500 -0.5% (n = 338)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Michael EliasTD Cowen93% hit rate on this stock · 14 targets measuredBuytarget $1,166Jul 30, 2026
  2. Timothy HoranOppenheimer89% hit rate on this stock · 9 targets measuredBuytarget $1,200Apr 30, 2026
  3. Irvin LiuEvercore ISI83% hit rate on this stock · 12 targets measuredBuytarget $1,270Sep 11, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Madison RezaeiBernsteinBuyMaintained$1,270article ↗
Sep 14, 2026Madison RezaeiBernsteinBuyMaintained$1,270
Sep 11, 2026Irvin LiuEvercore ISIBuyMaintained$1,270article ↗
Sep 11, 2026Irvin LiuEvercore ISIBuyMaintained$1,270
Sep 10, 2026Tom CatherwoodBTIGBuyMaintained$1,240article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$800$900$1,000$1,100$1,200Oct 25 · Buy 23 · Hold 7 · Sell 0Oct 25Nov 25 · Buy 21 · Hold 7 · Sell 0Dec 25 · Buy 21 · Hold 4 · Sell 0Dec 25Jan 26 · Buy 19 · Hold 3 · Sell 0Feb 26 · Buy 21 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 23 · Hold 3 · Sell 0Apr 26 · Buy 25 · Hold 4 · Sell 0Apr 26May 26 · Buy 25 · Hold 4 · Sell 0Jun 26 · Buy 25 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 26 · Hold 5 · Sell 0Aug 26 · Buy 25 · Hold 5 · Sell 0Aug 26Sep 26 · Buy 24 · Hold 5 · Sell 0Oct 25 · avg. target $970Nov 25 · avg. target $962Dec 25 · avg. target $962Jan 26 · avg. target $966Feb 26 · avg. target $1,019Mar 26 · avg. target $1,038Apr 26 · avg. target $1,163May 26 · avg. target $1,183Jun 26 · avg. target $1,184Jul 26 · avg. target $1,210Aug 26 · avg. target $1,231Sep 26 · avg. target $1,233Oct 25 · month-end close $846Nov 25 · month-end close $753Dec 25 · month-end close $766Jan 26 · month-end close $821Feb 26 · month-end close $974Mar 26 · month-end close $980Apr 26 · month-end close $1,083May 26 · month-end close $1,068Jun 26 · month-end close $1,042Jul 26 · month-end close $1,019Aug 26 · month-end close $1,047Sep 26 · month-end close $1,026

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 149 ratings