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Equinix (EQIX) operating margin by quarter

Equinix's operating margin was 23.3% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026. Over the last 7 quarters it ranged from 17.4% (Q4 2025) to 25.3% (Q2 2026).

Equinix operating margin by quarterEquinix operating margin by quarter20.6%Q1 202521.9%Q2 202520.5%Q3 202517.4%Q4 202523.6%Q1 202625.3%Q2 202623.3%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202623.3%-2.0 pts+2.9 pts
Q2 202625.3%+1.7 pts+3.4 pts
Q1 202623.6%+6.2 pts+3.0 pts
Q4 202517.4%-3.0 pts—
Q3 202520.5%-1.4 pts—
Q2 202521.9%+1.3 pts—
Q1 202520.6%——

Q3 2026 at a glance

Equinix, Q3 2026: revenue $2.6B (+11% year over year), operating margin 23.3%, net earnings $489M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Equinix's operating margin?

Equinix's operating margin was 23.3% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026.

How has Equinix's operating margin changed?

Over the last 7 quarters it ranged from 17.4% (Q4 2025) to 25.3% (Q2 2026).

Q3 2026 results → · How Equinix makes money →