Filing Flows › Equinix (EQIX) › Q1 2025
Equinix (EQIX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Equinix (EQIX) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before. Operating margin was 20.6%, net earnings $343M (15.4% of revenue).
Equinix, Q1 2025: revenue $2.2B (+5% year over year), operating margin 20.6%, net earnings $343M, operating cash flow $809M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -2% | +5% |
| Operating profit | $458M | +345% | +26% |
| Net earnings | $343M | — | +48% |
| Operating cash flow | $809M | -18% | +35% |
| Free cash flow | $59.0M | — | — |
What changed
Revenue was $2.2B in Q1 2025, up 5% year over year and down 2% from the previous quarter.
Operating profit was $0.46B, a 20.6% margin (up 3.5 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 17% margin then. Total costs grew 0% against revenue growth of 5%. Net earnings were $0.34B, up 48% year over year. The effective tax rate was 12.5%.
Operating cash flow was $0.81B (up 35% year over year), 236% of net earnings. Non-cash charges added back $0.48B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.75B left free cash flow of $0.06B.
Questions
What was Equinix's revenue in the first quarter 2025?
Equinix (EQIX) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before.
Was Equinix profitable in the first quarter 2025?
Operating profit was $458M (20.6% of revenue) and net earnings $343M.
Source: Equinix 10-Q on SEC EDGAR.