NASDAQ · EQIX
Equinix, Inc.
Real Estate · REIT - Specialty
$1,023.81▼ 1.85% ($19.25)at close
As of 4:00 PM ET
Market cap
$101.02B
P/E
66.21
Volume
466.92K
Shares outstanding
98.67M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 31.16% over the last year. Revenue grew 9.88% over the trailing twelve months. Operating margin moved from 16.55% to 21.76%. Free cash flow grew 3,161.9% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 3rd percentile of their historical P/E range.
What would invalidate this read
Operating margin is at 21.76%. Revenue grew 9.88% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Performance
Return analysis
Company profile
Equinix, Inc. shortens the path to boundless connectivity anywhere in the world.
Market multiples
Stock splits
Every 32 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
40
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $4.14 · Revenue est $2.57B
View
Dividends
$20.17/shareQuarterlyDividend Achiever · 10yrAt RiskEQIX pays a dividend with a 1.97% dividend yield, 10 consecutive years of growth, growing at 12.35% annually, covered -0.2× by free cash flow.
Dividend Yield
1.97%
Annual Div / Share
$20.17
5yr CAGR
+12.35%
Doubles every ~6.0yr
FCF Coverage
-0.2×
At Risk
Dividend Growth Rate
3yr CAGR
+14.8%
5yr CAGR
+12.35%
10yr CAGR
+11.26%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$20/yr $2/mo | $35/yr+76% $3/mo | $61/yr+211% $5/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 1.97% → 6.12% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
EQIX has raised its dividend for 10 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 12.35% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.22× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.