Filing Flows › Equinix (EQIX) › Q3 2026 › vs Q3 2025
Equinix (EQIX) Q3 2026 vs Q3 2025 (year over year)
Equinix's revenue rose $255M (+11%) from $2.3B in Q3 2025 to $2.6B in Q3 2026. The biggest changes: Recurring revenues +$227M (+10%); Non-recurring revenues +$28.0M (+28%). Operating margin 23.3% against 20.5% (+2.9 pts).
Equinix, Q3 2026: revenue $2.6B (+11% year over year), operating margin 23.3%, net earnings $489M, operating cash flow $1.2B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.3% | 20.5% | +2.9 pts |
| Net margin | 19.0% | 16.1% | +2.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Colocation | $1.8B | $1.6B | $189M | +12% |
| Interconnection | $465M | $422M | $43.0M | +10% |
| Managed infrastructure | $108M | $118M | −$10.0M | -8% |
| Other | $43.0M | $38.0M | $5.0M | +13% |
| Recurring revenues | $2.4B | $2.2B | $227M | +10% |
| Non-recurring revenues | $129M | $101M | $28.0M | +28% |
| Revenue | $2.6B | $2.3B | $255M | +11% |
| Operating profit | $600M | $474M | $126M | +27% |
| Costs & expenses | $2.0B | $1.8B | $129M | +7% |
| Pre-tax earnings | $537M | $399M | $138M | +35% |
| Other expense, net | $63.0M | $75.0M | −$12.0M | -16% |
| Cost of revenue | $1.3B | $1.1B | $115M | +10% |
| Sales & marketing | $233M | $219M | $14.0M | +6% |
| General & admin | $449M | $470M | −$21.0M | -4% |
| Other operating costs | $32.0M | $11.0M | $21.0M | +191% |
| Net earnings | $489M | $374M | $115M | +31% |
| Income tax | $48.0M | $25.0M | $23.0M | +92% |
| Depreciation & amortization | $544M | $530M | $14.0M | +3% |
| Share-based compensation | $141M | $130M | $11.0M | +8% |
| Working capital & other | $69.0M | −$20.0M | $89.0M | — |
| Operating cash flow | $1.2B | $1.0B | $229M | +23% |
| Capital expenditures | $1.6B | $1.1B | $422M | +37% |
| Negative free cash flow (OCF − capex) | $315M | $122M | $193M | +158% |
Questions
How much did Equinix's revenue grow year over year in Q3 2026?
Equinix's revenue rose $255M (+11%) from $2.3B in Q3 2025 to $2.6B in Q3 2026.
What drove Equinix's revenue change in Q3 2026?
Recurring revenues +$227M (+10%); Non-recurring revenues +$28.0M (+28%).