Equinix Past Earnings Performance

Past criteria checks 4/6

Equinix has been growing earnings at an average annual rate of 16.6%, while the Specialized REITs industry saw earnings growing at 19.4% annually. Revenues have been growing at an average rate of 8% per year. Equinix's return on equity is 7.7%, and it has net margins of 12.5%.

Key information

16.6%

Earnings growth rate

13.4%

EPS growth rate

Specialized REITs Industry Growth	18.0%
Revenue growth rate	8.0%
Return on equity	7.7%
Net Margin	12.5%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

Equinix: The Backbone Of The Internet In An AI-Powered World

Mar 23

Equinix: Stop Renting And Buy Your Own House

Mar 15

If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity

Feb 21

If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity

Nov 16

Revenue & Expenses Breakdown
Beta

How Equinix makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:EQIX Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	7,754	969	2,512
30 Sep 23	7,490	870	2,439
30 Jun 23	7,211	806	2,391
31 Mar 23	6,987	816	2,346
31 Dec 22	6,723	704	2,334
30 Sep 22	6,610	699	2,225
30 Jun 22	6,491	639	2,174
31 Mar 22	6,398	491	2,104
31 Dec 21	6,260	500	2,043
30 Sep 21	5,890	428	1,990
30 Jun 21	5,832	342	1,924
31 Mar 21	5,774	407	1,852
31 Dec 20	5,623	370	1,809
30 Sep 20	5,785	444	1,735
30 Jun 20	5,637	498	1,687
31 Mar 20	5,565	508	1,643
31 Dec 19	5,159	507	1,586
30 Sep 19	5,395	492	1,548
30 Jun 19	5,313	496	1,509
31 Mar 19	5,250	421	1,482
31 Dec 18	5,102	365	1,460
30 Sep 18	5,022	321	1,434
30 Jun 18	4,887	276	1,412
31 Mar 18	4,635	254	1,380
31 Dec 17	4,348	233	1,328
30 Sep 17	4,108	231	1,279
30 Jun 17	3,870	200	1,228
31 Mar 17	3,717	194	1,171
31 Dec 16	3,612	114	1,133
30 Sep 16	3,377	61	1,066
30 Jun 16	3,149	54	981
31 Mar 16	2,927	74	906
31 Dec 15	2,726	188	825
30 Sep 15	2,634	-178	795
30 Jun 15	2,567	-176	770
31 Mar 15	2,507	-224	756
31 Dec 14	2,444	-260	734
30 Sep 14	2,370	141	705
30 Jun 14	2,293	140	682
31 Mar 14	2,217	103	643
31 Dec 13	2,153	95	621
30 Sep 13	2,094	83	598
30 Jun 13	2,036	67	576

Quality Earnings: EQIX has a large one-off gain of $436.0M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: EQIX's current net profit margins (12.5%) are higher than last year (10.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: EQIX's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: EQIX's earnings growth over the past year (37.6%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: EQIX earnings growth over the past year (37.6%) exceeded the Specialized REITs industry 10.1%.

Return on Equity

High ROE: EQIX's Return on Equity (7.7%) is considered low.

Return on Assets

Return on Capital Employed

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Equinix Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Recent updates

Equinix, Inc., Annual General Meeting, May 23, 2024

Equinix: The Backbone Of The Internet In An AI-Powered World

Equinix: Stop Renting And Buy Your Own House

Equinix, Inc. Announces Executive Changes

Executive VP & GM of Digital Services exercised options and sold US$1.6m worth of stock

Executive VP & GM of Digital Services recently sold US$1.1m worth of stock

Upcoming dividend of US$4.26 per share

New minor risk - Earnings quality

Fourth quarter dividend of US$4.26 announced

President notifies of intention to sell stock

Equinix, Inc. Declares Quarterly Dividend on Its Common Stock, Payable on March 20, 2024

Equinix Announces Fully Managed Service for Nvidia Dgx Ai Supercomputing

President notifies of intention to sell stock

Equinix, Inc. Enhances Multicloud Networking Portfolio, Enabling Enterprises to Easily and Efficiently Connect Applications Across Multiple Clouds

Independent Director recently sold US$1.5m worth of stock

Upcoming dividend of US$4.26 per share at 2.2% yield

Insider recently sold US$2.7m worth of stock

Equinix, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023

Equinix Appoints Adam Berlew as Chief Marketing Officer

Chief Financial Officer recently sold US$1.6m worth of stock

President recently sold US$5.7m worth of stock

Upcoming dividend of US$3.41 per share at 1.8% yield

President notifies of intention to sell stock

Equinix, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Now 20% undervalued

Equinix, Inc. Announces Significant Enhancements to Equinix Fabric®, Featuring the Introduction of 25 and 50 Gigabits Per Second (Gbps) Virtual Connections to Cloud Service Providers

Insider recently sold US$3.6m worth of stock

Insider notifies of intention to sell stock

Equinix, Inc. Appoints Resignation of Karl Strohmeyer as Chief Customer and Revenue Officer

Lead Independent Director recently sold US$55k worth of stock

Upcoming dividend of US$3.41 per share at 1.8% yield

Chief Customer & Revenue Officer recently sold US$4.9m worth of stock

Chief Customer & Revenue Officer notifies of intention to sell stock

Equinix, Inc. Provides Revenue Guidance for the Second Quarter and Full Year of 2023

Upcoming dividend of US$3.41 per share at 2.0% yield

President notifies of intention to sell stock

If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity

Equinix Announces Executive Changes

Equinix, Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2023

Equinix, Inc. Announces Board Changes

President exercised options and sold US$5.2m worth of stock

Insider recently sold US$455k worth of stock

Chief Financial Officer recently sold US$1.7m worth of stock

If EPS Growth Is Important To You, Equinix (NASDAQ:EQIX) Presents An Opportunity

Upcoming dividend of US$3.10 per share

Equinix, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2022

Equinix plans ~$74M IBX center in Jakarta

Equinix joins NUS CERT to study hydrogen energy for data centers

President notifies of intention to sell stock

President exercised options and sold US$186k worth of stock

Equinix: Home Of The Hybrid Multicloud But Uncertainties Remain

Chief Sales Officer recently sold US$713k worth of stock

Upcoming dividend of US$3.10 per share

Equinix, Inc. Appoints Scott Crenshaw as EVP & GM, Digital Services

High number of new directors

Is Now The Time To Put Equinix (NASDAQ:EQIX) On Your Watchlist?

Equinix, Inc. Provides Earnings Guidance for the Year 2022

Equinix declares $3.10 dividend

6 Myths Wrecked: Strong Buy Equinix

High number of new directors

Equinix Climbs After A 30% Drawdown, More Gains Might Be On The Way

Equinix, Inc. Announces Two New Appointments to Board of Directors

Chief Financial Officer notifies of intention to sell stock

Upcoming dividend of US$3.10 per share

President recently sold US$8.7m worth of stock

Equinix, Inc. (NasdaqGS:EQIX) entered into an agreement to acquire Data Center in Peru from Empresa Nacional de Telecomunicaciones S.A. (SNSE:ENTEL).

Equinix, Inc. Provides Earnings Guidance for the Year 2022

Equinix Promotes Tara Risser to President, Americas

Equinix, Inc., Annual General Meeting, May 25, 2022

Equinix Has Major Moats, But Not Very Compelling Valuation

Equinix, Inc. (NasdaqGS:EQIX) completed the acquisition of Main One Cable Company Nigeria Limited.

President exercised options and sold US$1.6m worth of stock

Executive Chairman recently sold US$688k worth of stock

President notifies of intention to sell stock

Equinix, Inc. Promotes Nicole Collins to Chief Transformation Officer

Revenue & Expenses Breakdown
Beta