Filing Flows › Equinix (EQIX) › How it makes money
How Equinix (EQIX) makes money
Equinix (EQIX) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Recurring revenues brought in $2.4B (95%); Non-recurring revenues brought in $129M (5%). Of every dollar of revenue, 23¢ was left as operating profit, 19¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Recurring revenues | $2.4B | 95.0% | +3% | +10% |
| ↳ Colocation | $1.8B | 71.0% | +3% | +12% |
| ↳ Interconnection | $465M | 18.1% | +3% | +10% |
| ↳ Managed infrastructure | $108M | 4.2% | -4% | -8% |
| ↳ Other | $43.0M | 1.7% | +7% | +13% |
| Non-recurring revenues | $129M | 5.0% | -48% | +28% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.6B | 100.0% |
| Operating profit | $600M | 23.3% |
| Income tax | $48.0M | 1.9% |
| Net earnings | $489M | 19.0% |
| Operating cash flow | $1.2B | 48.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.6B | +11% |
| Q2 2026 | $2.6B | +16% |
| Q1 2026 | $2.4B | +10% |
| Q4 2025 | $2.4B | +7% |
| Q3 2025 | $2.3B | +5% |
| Q2 2025 | $2.3B | +4% |
| Q1 2025 | $2.2B | +5% |
From Equinix's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Equinix make money?
Equinix (EQIX) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Recurring revenues brought in $2.4B (95%); Non-recurring revenues brought in $129M (5%). Of every dollar of revenue, 23¢ was left as operating profit, 19¢ was left as net earnings.
What is Equinix's biggest business?
Recurring revenues: $2.4B in the third quarter 2026, 95% of revenue, +10% from a year earlier.
What is Equinix's profit margin?
Net earnings were $489M, 19.0% of revenue, in the third quarter 2026; the operating margin was 23.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.