EQIX Equinix, Inc. - Common Stock
NASDAQ · Real Estate · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Jul 29, 2026EQIX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Dec. 31, 2002 | 1-for-32 | Reverse |
About Equinix, Inc. - Common Stock Company overview from Wikipedia
Equinix Inc., is an American multinational internet and data center company headquartered in Redwood City, California. It specialized in internet connectivity and data center colocation centers, commonly known as carrier hotels, until the company converted to a real estate investment trust (REIT) in January 2015. It is listed on the Nasdaq stock exchange under the ticker symbol EQIX. As of 2025, the company operates 260 data centers in 33 countries, across five continents and employed more than 13,000 people worldwide.
History
Equinix, Inc., was founded in 1998 by Al Avery and Jay Adelson, who were two facilities managers at Digital Equipment Corporation (DEC). The firm promoted its data center platform as a neutral place where competing networks could connect and share data traffic. The firm capitalized on the "network effect", through which each new customer would broaden the appeal of its platform. It expanded to the Asia-Pacific in October 2002 and Europe in 2007, followed by Latin America in 2011 and the Middle East in 2013.
In 2018, according to Sludge, Equinix signed three contracts with the U.S. Customs and Border Protection (CBP) to provide technology support equipment totaling over $5 million. In September 2020, the company shifted its branding, describing itself as a "digital infrastructure company".
Equinix data centers in London, UK, engaged with designer Maximilian Raynor, who created a dress from its repurposed data center equipment. The wearable art dress was constructed from 3,600 meters of network cables and was revealed at Raynor's London Fashion Week pre-show in February 2025.
Acquisitions and expansion
In 2002, Equinix merged with I-STT, the Internet infrastructure service subsidiary of Singapore Technologies Telemedia, and Pihana Pacific. This established the company's presence in China, Singapore, Australia, and Japan. In 2007, the firm entered the European market by acquiring data center operator IXEurope and its facilities. In 2010, Equinix opened its 50th data center in London. Over the next seven years, the company nearly tripled its data center portfolio. The company attributed this growth to increased demand, which was caused by the emergence of cloud computing, the Internet of Things, and big data.
In 2010, the company purchased Switch and Data Facilities Company, Inc., a U.S. Internet exchange and colocation services provider. In 2012, the company extended its operations to the Middle East, expanding to Dubai, and in Southeast Asia, specifically Indonesia. Also in 2012, it acquired Hong Kong-based data center provider Asia-Tone. In 2014, Equinix increased its Latin American presence when it acquired ALOG Datacenters of Brazil S.A., the country's leading provider of carrier-neutral data centers.
In 2015, Equinix converted to a real estate investment trust (REIT) to gain tax advantages and add shareholder value. That same year, it acquired the professional services company Nimbo.
In May 2015, Equinix said it would purchase the British company TelecityGroup, the largest acquisition in the company's history. The offer was cleared by the European Commission (EC) in November, after Equinix agreed to sell eight of its data centers around Europe to Digital Realty, while retaining its Telecity Harbour Exchange data center in London Docklands, an acquisition Equinix completed in a transaction valued at approximately $3.8 billion. The addition of these data centers more than doubled Equinix's capacity in Europe. In December 2015, the company purchased Japanese provider Bit-Isle, adding six data centers in Japan.
In 2016, Equinix announced a deal to acquire 29 data centers in 15 markets from Verizon.
In 2017, the firm opened a new data center in São Paulo, Brazil. That same year, Equinix acquired Itconic, which expanded its data center footprint into Spain and Portugal.
In 2018, Equinix purchased the Dallas Infomart building, where it had already been operating four data centers. It also acquired Australian data center provider Metronode and its 10 data centers. The company opened its first data center in South Korea the next year.
In 2020, Equinix finalized the purchase of Packet, a startup that provided bare-metal servers as a cloud service. The company expanded into India in August 2020, with the acquisition of GPX India, including a campus in Mumbai with two data centers. In October 2020, Equinix completed the acquisition of 13 Bell Canada data centers. The company also invested heavily in hyperscale xScale data centers.
On December 7, 2021, Equinix announced its acquisition of Main One, a West African data center and connectivity solutions provider, for $320 million.
In March 2022, Equinix expanded into Chile and Peru with a $758 million acquisition of four data centers from Entel. In November 2022, Equinix announced its market entry into Malaysia with plans to build a new International Business Exchange (IBX) data center located in Iskandar Puteri, Johor Bahru, Johore called JH1. With an initial investment of approximately $40 million, JH1 launched operations in Q1 2024, providing 500 cabinets and 1,960 square meters of colocation space.
In 2024, the company announced a $390 million expansion plan to build more data centers in Africa over the next five years. Later that year, it partnered with the Canada Pension Plan Investment Board and Singapore's GIC to develop new data centers, expecting to meet demand resulting from a boom in artificial intelligence (AI). The company also announced their expansion to Thailand that year, with two data centers in Bangkok expected to open in 2027.
In May 2026, it was announced that Equinix would be investing over $190 million to build a data center in Kuala Lumpur, its fourth facility in Malaysia. Later that month, Equinix opened a new data center, MD5, in Madrid, Spain, as part of a $535 million expansion.
Environmental impacts
In 2015, Equinix announced a long-term commitment to power its data centers with clean, renewable energy. The announcement followed criticism from the environmental group Greenpeace in 2014, which said in a report on internet companies’ environmental practices that Equinix was not doing enough to address renewable energy use or carbon emissions. In response, the company signed agreements with wind farms in Texas and Oklahoma to purchase renewable energy to offset electricity use at its North American data centers.
In September 2020, Equinix issued $1.35 billion in green bonds to help fund environmental projects. At the same time, the company introduced a Green Finance Framework to describe how it reports on and tracks projects funded through green debt.
In January 2021, Equinix joined the Climate Neutral Data Centre Pact, committing to make their data centers climate neutral by 2030.
In 2024, the company expanded a heat export program that redirects excess heat from its data centers to nearby buildings. That year, Equinix vice president Christopher Wellise said that rising energy use from AI was increasing strain on electrical grids. and that AI development needed to be considered with sustainability in mind.
Equinix’s environmental efforts have been recognized by external organizations. The U.S. Environmental Protection Agency (EPA) named the company a Green Power Partner in 2019 and 2020.
In May 2026, Equinix faced challenges from social movement the Housing Assembly (HA) and UK non-profit Foxglove regarding the company's plans to build two data centers in Cape Town, South Africa. A formal objection from city planners said the plans should not be approved without Equinix disclosing its water, power, and environmental impacts.
Data centers
Equinix invested more than $25 billion in its data center platform. Equinix rebranded its data centers to International Business Exchanges (IBXs). In 2017, the company launched its own data center infrastructure management platform, IBX SmartView. The company's Internet exchange service allows Internet service providers and enterprises to exchange Internet traffic through a global peering tool.
Data center (IBX) locations
Americas: the United States, Brazil, Canada, Colombia, Chile, Mexico, Peru
Asia-Pacific: Australia, China, Hong Kong, Indonesia, Japan, South Korea, Singapore, India, Malaysia
Europe and Middle East: Bulgaria, Finland, France, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, the United Arab Emirates, Oman, the United Kingdom
Africa: Nigeria, South Africa, Côte d'Ivoire, Ghana
Corporate affairs
Equinix has been described as a leader in the global data center industry. It operates over 260 data centers, in 33 countries, across five continents. Equinix is listed on the Nasdaq stock exchange under the ticker symbol EQIX. As of December 2023, it employed approximately 13,000 people worldwide.
In late 2024, the company laid off approximately 3% of its global workforce, affecting around 400 employees.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | EQIX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 67.45Y avg ≈96.6 | ≈96.6 | · | · | |
| P/S (TTM) | 10.55Y avg ≈9.9 | ≈9.9 | · | · | |
| P/B (MRQ) | 7.25Y avg ≈6.3 | ≈6.3 | 4.0 | Overvalued | |
| EV / EBITDA | 26.0 | · | · | · | |
| Price / FCF | -258.45Y avg ≈28.2 | ≈28.2 | · | · | |
| Price / Cash Flow | 26.45Y avg ≈25.3 | ≈25.3 | · | · | |
| EV / Revenue | 11.0 | · | · | · | |
| EV / FCF | -253.6 | · | · | · | |
| Price / Tangible Book (MRQ) | 7.85Y avg ≈15.3 | ≈15.3 | · | · | |
| PEG Ratio | ≈2.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | EQIX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 21.8%5Y avg ≈17.4% | ≈17.4% | · | · | |
| EBITDA Margin (TTM) | 43.9%5Y avg ≈40.6% | ≈40.6% | · | · | |
| Pretax Margin (TTM) | 17.4%5Y avg ≈12.6% | ≈12.6% | · | · | |
| Net Profit Margin (TTM) | 15.6%5Y avg ≈10.8% | ≈10.8% | · | · | |
| ROA (TTM) | 3.8%5Y avg ≈2.7% | ≈2.7% | · | · | |
| ROE (TTM) | 10.8%5Y avg ≈7.2% | ≈7.2% | · | · | |
| ROIC | 10.7%5Y avg ≈9.1% | ≈9.1% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | EQIX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | · | · | · | |
| Current Ratio (MRQ) | 1.15Y avg ≈1.5 | ≈1.5 | · | · | |
| Quick Ratio (MRQ) | 0.95Y avg ≈1.2 | ≈1.2 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | EQIX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 5.4%5Y avg ≈9.0% | ≈9.0% | · | · | |
| Revenue CAGR 3Y | 8.3%5Y avg ≈9.6% | ≈9.6% | · | · | |
| Revenue CAGR 5Y | 9.0% | · | · | · | |
| EPS YoY | 61.9%5Y avg ≈29.9% | ≈29.9% | · | · | |
| Net Income YoY | 65.6%5Y avg ≈32.7% | ≈32.7% | · | · | |
| EPS CAGR 3Y | 21.5%5Y avg ≈24.0% | ≈24.0% | · | · | |
| EPS CAGR 5Y | 26.9% | · | · | · | |
| Net Income CAGR 3Y | 24.2%5Y avg ≈26.6% | ≈26.6% | · | · | |
| Net Income CAGR 5Y | 29.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | EQIX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.25Y avg ≈0.3 | ≈0.3 | · | · | |
| Receivables Turnover | 9.55Y avg ≈9.2 | ≈9.2 | · | · | |
| Revenue / Employee | ≈$672.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 19, 2026 | $5.16 | USD | ≈1.9% |
| May 20, 2026 | $5.16 | USD | ≈1.8% |
| Feb 25, 2026 | $5.16 | USD | ≈2.0% |
| Nov 19, 2025 | $4.69 | USD | ≈2.5% |
| Aug 20, 2025 | $4.69 | USD | ≈2.4% |
| May 21, 2025 | $4.69 | USD | ≈2.1% |
| Feb 26, 2025 | $4.69 | USD | ≈1.9% |
| Nov 13, 2024 | $4.26 | USD | ≈1.9% |
| Aug 21, 2024 | $4.26 | USD | ≈2.1% |
| May 21, 2024 | $4.26 | USD | ≈2.0% |
| Feb 27, 2024 | $4.26 | USD | ≈1.8% |
| Nov 14, 2023 | $4.26 | USD | ≈1.8% |
| Aug 22, 2023 | $3.41 | USD | ≈1.8% |
| May 23, 2023 | $3.41 | USD | ≈1.9% |
| Mar 6, 2023 | $3.41 | USD | ≈1.8% |
| Nov 15, 2022 | $3.10 | USD | ≈1.9% |
| Aug 16, 2022 | $3.10 | USD | ≈1.7% |
| May 17, 2022 | $3.10 | USD | ≈1.8% |
| Mar 4, 2022 | $3.10 | USD | ≈1.6% |
| Nov 16, 2021 | $2.87 | USD | ≈1.4% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $4.82 | $4.82 | 0.08% |
| March 31, 2026 | $4.17 | $4.44 | -6.2% | |
| Dec. 31, 2025 | $3.33 | $3.93 | -15.2% | |
| Sept. 30, 2025 | $3.85 | $3.72 | 3.4% | |
| June 30, 2025 | $3.76 | $3.55 | 6.0% | |
| March 31, 2025 | $3.61 | $3.02 | 19.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.22B | $8.75B | $8.19B | $7.26B | $6.64B | $6.00B | $5.56B | · | $4.37B | $3.61B | $2.73B | |
| Cost of Revenue | $4.51B | $4.47B | $4.23B | $3.75B | $3.47B | $3.07B | $2.81B | · | $2.19B | $1.82B | $1.29B | |
| SG&A Expense | $1.84B | $1.77B | $1.65B | $1.50B | $1.30B | $1.09B | $935M | · | $746M | $695M | $493M | |
| Operating Expenses | $7.37B | $7.42B | $6.75B | $6.06B | $5.53B | $4.95B | $4.39B | · | $3.56B | $2.99B | $2.16B | |
| Operating Income | $1.85B | $1.33B | $1.44B | $1.20B | $1.11B | $1.05B | $1.17B | · | $809M | $619M | $567M | |
| Interest Expense | · | · | $402M | $356M | $336M | $406M | $480M | · | $479M | $392M | $299M | |
| Interest Income | $193M | $137M | $94M | $36M | $3M | $9M | $28M | · | $13M | $3M | $4M | |
| Other Non-op | $-7M | $-17M | $-11M | $-51M | $-51M | $7M | $28M | · | $9M | $-58M | $-61M | |
| Pretax Income | $1.51B | $975M | $1.12B | $829M | $609M | $516M | $693M | · | $287M | $160M | $211M | |
| Income Tax | $160M | $161M | $155M | $124M | $109M | $146M | $185M | · | $54M | $45M | $23M | |
| Net Income | $1.35B | $815M | $969M | $705M | $500M | $370M | $507M | · | $233M | $127M | $188M | |
| EPS (Basic) | $13.79 | $8.54 | $10.35 | $7.69 | $5.57 | $4.22 | $6.03 | · | $3.03 | $1.81 | $3.25 | |
| EPS (Diluted) | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 | $4.18 | $5.99 | · | $3.00 | $1.79 | $3.21 | |
| Shares (Basic) | 97,883,000 | 95,457,000 | 93,615,000 | 91,569,000 | 89,772,000 | 87,700,000 | 84,140,000 | · | 76,854,000 | 70,117,000 | 57,790,000 | |
| Shares (Diluted) | 98,123,000 | 95,827,000 | 94,009,000 | 91,828,000 | 90,409,000 | 88,410,000 | 84,679,000 | · | 77,535,000 | 70,816,000 | 58,483,000 | |
| EBITDA | $3.90B | $3.34B | $3.29B | · | $2.76B | $2.48B | $2.45B | · | $1.85B | $1.46B | $1.09B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.73B | $3.08B | $2.10B | $1.91B | $1.54B | $1.60B | $1.87B | · | $1.41B | $748M | $2.23B | |
| Short-term Investments | $1.50B | $527M | $0 | · | $0 | $5M | $10M | · | $28M | $3M | $13M | |
| Receivables | $1.00B | $949M | $1.00B | $855M | $682M | $677M | $689M | $630M | $576M | $396M | $292M | |
| Prepaid Expense | $134M | $91M | $100M | $79M | $65M | $61M | $56M | · | $65M | $79M | $48M | |
| Other Current Assets | $897M | $890M | $468M | $459M | $463M | $323M | $304M | $259M | $232M | $319M | $213M | |
| Current Assets | $5.12B | $5.45B | $3.57B | $3.31B | $2.96B | $2.61B | $2.87B | · | $2.25B | $1.47B | $3.26B | |
| PP&E (Net) | $23.58B | $19.25B | $18.60B | $16.65B | $15.45B | $14.50B | $12.15B | $10.73B | $9.39B | $7.20B | $5.61B | |
| PP&E (Gross) | $36.97B | $30.72B | $29.20B | $25.98B | $23.70B | $21.68B | $18.09B | · | $13.74B | $10.65B | $8.40B | |
| Accum. Depreciation | · | · | · | · | · | $7.18B | $5.93B | · | $4.34B | $3.45B | $2.79B | |
| Goodwill | $5.98B | $5.50B | $5.74B | $5.65B | $5.37B | $5.47B | $4.78B | · | $4.41B | $2.99B | $1.06B | |
| Intangibles | $1.32B | $1.42B | $1.71B | $1.90B | $1.94B | $2.17B | $2.10B | $2.31B | $2.38B | $719M | $225M | |
| Other Non-current Assets | $2.74B | $2.05B | $1.59B | $1.38B | $926M | $776M | $581M | $470M | $242M | $226M | $199M | |
| Total Assets | $40.14B | $35.09B | $32.65B | $30.31B | $27.92B | $27.01B | $23.97B | · | $18.69B | $12.61B | $10.36B | |
| Accounts Payable | $1.35B | $133M | $162M | $116M | $84M | $78M | $52M | · | $102M | $60M | $50M | |
| Current Liabilities | $3.89B | $3.35B | $3.16B | $1.84B | $1.61B | $2.02B | $2.16B | · | $1.24B | $1.03B | $1.66B | |
| Capital Leases | $1.30B | $1.33B | $1.33B | $1.27B | $1.11B | $1.31B | $1.32B | $0 | $1.62B | $1.41B | $1.29B | |
| Deferred Tax | $367M | $339M | $394M | $383M | $340M | $290M | $247M | · | $252M | $274M | $101M | |
| Other Non-current Liabilities | $983M | $760M | $796M | $798M | $763M | $949M | $622M | $541M | $662M | $623M | $390M | |
| Total Liabilities | $25.96B | $21.53B | $20.14B | $18.80B | $17.04B | $16.37B | $15.13B | · | $11.84B | $8.24B | $7.61B | |
| Long-term Debt | · | $15.33B | $13.84B | $12.88B | $11.72B | $10.63B | $10.40B | · | $8.47B | $5.31B | $5.25B | |
| Total Debt | $1.30B | $1.20B | · | · | · | · | · | · | · | · | · | |
| Common Stock | $0 | $0 | $0 | $93.0K | $91.0K | $89.0K | $86.0K | · | $79.0K | $72.0K | $62.0K | |
| Retained Earnings | $6.10B | $4.75B | $3.93B | $2.96B | $2.26B | $1.76B | $1.39B | $884M | $253M | $19M | $-108M | |
| Treasury Stock | $24M | $39M | $56M | $72M | $112M | $122M | $144M | · | $146M | $148M | $7M | |
| AOCI | $-1.36B | $-1.74B | $-1.29B | $-1.39B | $-1.09B | $-913M | $-935M | · | $-785M | $-949M | $-509M | |
| Stockholders' Equity | $14.16B | $13.53B | $12.49B | $11.51B | $10.88B | $10.63B | $8.84B | · | $6.85B | $4.37B | $2.75B | |
| Liabilities + Equity | $40.14B | $35.09B | $32.65B | $30.31B | $27.92B | $27.01B | $23.97B | · | $18.69B | $12.61B | $10.36B | |
| Shares Outstanding | 98,226,000 | 97,390,000 | 94,630,000 | 92,814,000 | 90,873,000 | 89,462,304 | 85,700,953 | · | 79,440,404 | 71,817,430 | 62,134,894 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.05B | $2.01B | $1.84B | $1.74B | $1.66B | $1.42B | $1.28B | · | $1.04B | $837M | $526M | |
| Stock-based Comp | $498M | $462M | $407M | $404M | $364M | $295M | $237M | · | $176M | $156M | $132M | |
| Deferred Tax | $-56M | $-30M | $5M | $42M | $40M | $-19M | $27M | · | $-47M | $-35M | $-93M | |
| Amort. of Intangibles | $200M | $208M | $208M | $205M | $205M | $199M | $196M | · | $177M | $123M | $27M | |
| Restructuring | $33M | $31M | $0 | $0 | · | · | · | · | · | · | $0 | |
| Other Non-cash | $69M | $-7M | $-10M | · | $-13M | $241M | $-64M | · | $35M | $-68M | $142M | |
| Operating Cash Flow | $3.91B | $3.25B | $3.22B | $2.96B | $2.55B | $2.31B | $1.99B | · | $1.44B | $1.02B | $895M | |
| CapEx | $4.31B | $3.07B | $2.78B | $2.28B | $2.75B | $2.28B | $2.08B | · | $1.38B | $1.11B | $868M | |
| Investing Cash Flow | $-6.48B | $-3.94B | $-3.22B | $-3.36B | $-3.01B | $-3.43B | $-1.94B | · | $-5.40B | $-2.05B | $-638M | |
| Debt Issued | · | · | · | · | · | · | · | · | $2.06B | $1.17B | $1.20B | |
| Net Debt Issued | · | · | · | · | · | · | $-73M | · | $-221M | $-295M | $-715M | |
| Stock Issued | $99M | $1.67B | $734M | $796M | $498M | $1.98B | $1.66B | · | $2.48B | $0 | $829M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | $0 | $0 | |
| Net Stock Activity | $99M | $1.67B | $734M | · | $498M | $1.98B | $1.66B | · | $2.48B | $0 | $829M | |
| Dividends Paid | $1.86B | $1.64B | $1.38B | $1.15B | $1.04B | $948M | $836M | · | $621M | $499M | $521M | |
| Financing Cash Flow | $1.27B | $1.72B | $211M | $857M | $414M | $816M | $1.20B | · | $4.61B | $-897M | $1.87B | |
| Net Change in Cash | $-1.26B | $986M | $188M | $359M | $-76M | $-261M | $1.26B | · | $677M | $-1.95B | $2.09B | |
| Taxes Paid | $207M | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-400M | $183M | $436M | · | $-204M | · | · | · | $61M | $-97M | $27M | |
| Levered FCF | · | · | $89M | · | $-480M | · | · | · | $-328M | $-377M | $-239M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.1% | 15.2% | 17.6% | · | 16.7% | 17.5% | 21.0% | · | 18.5% | 17.1% | 20.8% | |
| Net Margin | 14.6% | 9.3% | 11.8% | · | 7.5% | 6.2% | 9.1% | · | 5.3% | 3.5% | 6.9% | |
| Pretax Margin | 16.4% | 11.2% | 13.7% | · | 9.2% | 8.6% | 12.4% | · | 6.6% | 4.4% | 7.7% | |
| EBITDA Margin | 42.3% | 38.1% | 40.2% | · | 41.7% | 41.3% | 44.1% | · | 42.4% | 40.3% | 40.1% | |
| ROA | 3.6% | 2.4% | 3.1% | · | 1.8% | 1.5% | 2.3% | · | 1.5% | 1.1% | 2.1% | |
| ROE | 9.8% | 6.3% | 7.9% | · | 4.7% | 3.8% | 6.3% | · | 4.2% | 3.6% | 7.5% | |
| ROIC | 10.7% | 7.5% | 10.0% | · | 8.4% | 7.1% | 9.7% | · | 9.6% | 10.1% | 18.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.6 | 1.1 | · | 1.8 | 1.3 | 1.3 | · | 1.8 | 1.4 | 2.0 | |
| Quick Ratio | 1.1 | 1.4 | 1.0 | · | 1.4 | 1.1 | 1.2 | · | 1.6 | 1.1 | 1.5 | |
| Debt / Equity | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | 3.6 | · | 3.3 | 2.6 | 2.4 | · | 1.7 | 1.6 | 1.9 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | 0.3 | 0.3 | |
| Receivables Turnover | 9.5 | 9.0 | 8.8 | · | 9.8 | 8.8 | 8.4 | · | 9.0 | 10.5 | 9.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $144.12 | $139.05 | $132.19 | · | $120.15 | $119.30 | $103.63 | · | $86.66 | $61.14 | $44.21 | |
| Revenue / Share | $93.93 | $91.29 | $87.10 | · | $73.39 | $67.85 | $65.69 | · | $56.34 | $51.01 | $46.61 | |
| Cash Flow / Share | $39.86 | $33.90 | $34.22 | · | $28.17 | $26.13 | $23.53 | · | $18.56 | $14.36 | $15.30 | |
| Cash / Share | $17.58 | $31.67 | $22.18 | · | $16.96 | $18.01 | $21.92 | · | $17.87 | $10.48 | $35.89 | |
| Dividend / Share | $18.76 | $17.04 | $14.49 | $12.40 | · | · | · | · | $8.00 | $7.00 | $17.71 | |
| Dividend Paid / Share | $18.76 | $17.04 | $14.49 | $12.40 | $11.48 | $10.64 | $9.84 | · | $8.00 | $7.00 | $17.71 | |
| EPS (TTM) | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 | $4.18 | $5.99 | · | $3.00 | $1.79 | $3.21 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.4% | 6.8% | 12.7% | 9.5% | 10.6% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.3% | 9.7% | 10.9% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.0% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 61.9% | -17.6% | 34.4% | 38.7% | 32.3% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 21.5% | 15.4% | 35.1% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 26.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 65.6% | -15.9% | 37.5% | 40.9% | 35.3% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 24.2% | 17.7% | 37.9% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 29.6% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 14.4% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.22B | $8.75B | $8.19B | $7.26B | $6.64B | $6.00B | $5.56B | · | $4.37B | $3.61B | $2.73B | |
| Net Income TTM | $1.35B | $815M | $969M | $705M | $500M | $370M | $507M | · | $233M | $127M | $188M | |
| Market Cap | $75.26B | $91.73B | $76.09B | · | $76.61B | $63.66B | $49.79B | · | $35.82B | $25.52B | $18.78B | |
| Enterprise Value | $73.33B | $89.32B | · | · | · | · | · | · | · | · | · | |
| P/E | 55.7 | 110.9 | 78.1 | 85.4 | 153.0 | 170.9 | 97.4 | · | 151.1 | 199.7 | 94.2 | |
| P/S | 8.2 | 10.5 | 9.3 | · | 11.5 | 10.6 | 9.0 | · | 8.2 | 7.1 | 6.9 | |
| P/B | 5.3 | 6.8 | 6.1 | · | 7.0 | 6.0 | 5.6 | · | 5.2 | 5.8 | 6.8 | |
| P / Tangible Book | 11.0 | 13.9 | 15.1 | 15.3 | 21.4 | 21.3 | · | · | · | · | · | |
| P / Cash Flow | 19.2 | 28.2 | 23.7 | · | 30.1 | 27.6 | 25.0 | · | 24.9 | 25.1 | 21.0 | |
| P / FCF | -188.1 | 501.3 | 174.7 | · | -375.0 | · | · | · | 592.0 | -263.7 | 704.0 | |
| EV / EBITDA | 18.8 | 26.8 | · | · | · | · | · | · | · | · | · | |
| EV / FCF | -183.3 | 488.1 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 8.0 | 10.2 | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 2.5% | 1.8% | 1.8% | · | 1.4% | 1.5% | 1.7% | · | 1.7% | 2.0% | 2.8% | |
| Earnings Yield | 1.8% | 0.90% | 1.3% | 1.2% | 0.65% | 0.59% | 1.0% | · | 0.66% | 0.50% | 1.1% | |
| Payout Ratio | 137.5% | 201.6% | 141.8% | · | 208.5% | 256.3% | 164.8% | · | 266.8% | 393.9% | · | |
| Annual Payout | $1.86B | $1.64B | $1.38B | $1.15B | $1.04B | $948M | $836M | · | $621M | $499M | $521M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.62B | $2.44B | $2.42B | $2.32B | $2.26B | $2.23B | $2.26B | $2.20B | $2.16B | $2.13B | $1.88B | $2.06B | $2.02B | $2.23B | $1.87B | $1.84B | |
| Cost of Revenue | $1.23B | $1.19B | $1.20B | $1.14B | $1.08B | $1.08B | $1.20B | $1.10B | $1.08B | $1.09B | $1.09B | $1.07B | $1.06B | $1.01B | $970M | $935M | |
| SG&A Expense | $462M | $444M | $481M | $470M | $451M | $438M | $451M | $434M | $437M | $444M | $449M | $404M | $406M | $395M | $400M | $375M | |
| Operating Expenses | $1.96B | $1.87B | $2.00B | $1.84B | $1.76B | $1.77B | $2.16B | $1.78B | $1.72B | $1.76B | $1.76B | $1.68B | $1.69B | $1.61B | $1.59B | $1.51B | |
| Operating Income | $665M | $577M | $422M | $474M | $494M | $458M | $103M | $425M | $436M | $364M | $346M | $381M | $332M | $384M | $282M | $333M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $104M | · | $101M | $100M | $97M | · | $91M | |
| Interest Income | $36M | $41M | $41M | $53M | $52M | $47M | $49M | $35M | $29M | $24M | $0 | $23M | $24M | $47M | $18M | $11M | |
| Other Non-op | $-28M | $1M | $-9M | $0 | $-7M | $9M | $-11M | $7M | $-7M | $-6M | $-2M | $-6M | $-12M | $9M | $-28M | $-7M | |
| Pretax Income | $523M | $471M | $312M | $399M | $405M | $392M | $0 | $350M | $348M | $277M | $192M | $296M | $244M | $392M | $177M | $246M | |
| Income Tax | $46M | $56M | $48M | $25M | $38M | $49M | $14M | $54M | $47M | $46M | $43M | $20M | $37M | $55M | $48M | $35M | |
| Net Income | $479M | $415M | $265M | $374M | $368M | $343M | $-14M | $297M | $301M | $231M | $227M | $276M | $207M | $259M | $129M | $212M | |
| EPS (Basic) | $4.86 | $4.22 | $2.69 | $3.82 | $3.76 | $3.52 | $-0.18 | $3.11 | $3.17 | $2.44 | $2.42 | $2.94 | $2.21 | $2.78 | $1.39 | $2.30 | |
| EPS (Diluted) | $4.83 | $4.20 | $2.70 | $3.81 | $3.75 | $3.50 | $-0.19 | $3.10 | $3.16 | $2.43 | $2.40 | $2.93 | $2.21 | $2.77 | $1.38 | $2.30 | |
| Shares (Basic) | 98,641,000 | 98,392,000 | · | 97,982,000 | 97,835,000 | 97,514,000 | · | 95,394,000 | 94,919,000 | 94,665,000 | · | 93,683,000 | 93,535,000 | 92,971,000 | · | 91,896,000 | |
| Shares (Diluted) | 99,136,000 | 98,727,000 | · | 98,174,000 | 98,050,000 | 97,887,000 | · | 95,731,000 | 95,166,000 | 95,156,000 | · | 94,168,000 | 93,857,000 | 93,340,000 | · | 92,135,000 | |
| EBITDA | $1.22B | $1.12B | · | $1.00B | $993M | $937M | · | $921M | $925M | $890M | · | $843M | $794M | $841M | · | $763M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $979M | $1.36B | $1.73B | $2.08B | $3.66B | $2.95B | $3.08B | $2.78B | $1.99B | $1.53B | $2.10B | $2.36B | $2.34B | $2.64B | $1.91B | $2.50B | |
| Short-term Investments | $1.25B | $1.69B | $1.50B | $854M | $872M | $723M | $527M | $451M | · | · | · | · | · | · | · | · | |
| Receivables | $1.26B | $1.11B | $1.00B | $1.14B | $1.14B | $1.09B | $949M | $1.12B | $1.12B | $1.08B | $1.00B | $1.03B | $1.01B | $913M | $855M | $779M | |
| Prepaid Expense | · | · | $134M | · | · | · | $91M | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | $842M | $1.18B | $897M | $891M | $881M | $743M | $890M | $705M | $612M | $561M | · | $497M | $396M | $437M | · | $657M | |
| Current Assets | $4.32B | $5.35B | $5.12B | $4.97B | $6.55B | $5.50B | $5.45B | $5.05B | $3.73B | $3.17B | · | $3.89B | $3.74B | $3.99B | · | $4.02B | |
| PP&E (Net) | $25.22B | $24.17B | $23.58B | $21.90B | $21.21B | $20.02B | $19.25B | $19.66B | $18.61B | $18.51B | · | $17.37B | $17.27B | $16.91B | · | $15.14B | |
| PP&E (Gross) | · | · | $36.97B | · | · | · | $30.72B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $5.91B | $5.93B | $5.98B | $5.95B | $5.98B | $5.63B | $5.50B | $5.77B | $5.62B | $5.62B | $5.74B | $5.59B | $5.73B | $5.71B | $5.65B | $5.39B | |
| Intangibles | $1.20B | $1.26B | $1.32B | $1.33B | $1.39B | $1.39B | $1.42B | $1.54B | $1.57B | $1.62B | $1.71B | $1.73B | $1.81B | $1.86B | $1.90B | $1.89B | |
| Other Non-current Assets | $3.12B | $2.85B | $2.74B | $2.48B | $2.24B | $2.06B | $2.05B | $1.92B | $1.94B | $1.62B | · | $1.59B | $1.49B | $1.39B | · | $1.50B | |
| Total Assets | $41.08B | $40.90B | $40.14B | $38.06B | $38.85B | $36.08B | $35.09B | $35.44B | $32.85B | $31.94B | · | $31.68B | $31.57B | $31.27B | · | $29.33B | |
| Accounts Payable | $1.26B | $1.32B | $127M | $1.27B | $1.21B | $1.10B | $133M | $1.12B | $1.14B | $1.08B | · | $1.06B | $1.02B | $933M | · | $923M | |
| Current Liabilities | $3.82B | $4.54B | $3.89B | $3.07B | $4.24B | $3.33B | $3.35B | $4.37B | $3.07B | $2.89B | · | $1.89B | $1.85B | $1.75B | · | $1.70B | |
| Capital Leases | $1.21B | $1.26B | $1.30B | $1.33B | $1.38B | $1.38B | $1.33B | $1.37B | $1.26B | $1.28B | · | $1.40B | $1.40B | $1.24B | · | $1.23B | |
| Deferred Tax | · | · | $367M | · | · | · | $339M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $1.01B | $930M | $983M | $861M | $932M | $744M | $760M | $822M | $787M | $752M | · | $775M | $786M | $785M | · | $739M | |
| Total Liabilities | $26.68B | $26.58B | $25.96B | $23.88B | $24.74B | $22.17B | $21.53B | $21.83B | $20.55B | $19.61B | · | $19.77B | $19.52B | $19.25B | · | $18.17B | |
| Long-term Debt | $19.87B | $19.79B | · | $17.33B | $18.07B | $15.89B | · | $15.39B | $14.45B | $13.74B | · | $13.70B | $13.46B | $13.49B | · | $12.74B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $94.0K | $94.0K | $94.0K | · | $93.0K | |
| Retained Earnings | $7.00B | $6.51B | $6.10B | $5.83B | $5.46B | $5.09B | $4.75B | $4.76B | $4.47B | $4.17B | · | $3.71B | $3.43B | $3.22B | · | $2.84B | |
| Treasury Stock | $23M | $24M | $24M | $24M | $30M | $32M | $39M | $40M | $48M | $50M | · | $57M | $64M | $66M | · | $93M | |
| AOCI | $-1.37B | $-1.34B | $-1.36B | $-1.42B | $-1.40B | $-1.56B | $-1.74B | $-1.28B | $-1.54B | $-1.50B | · | $-1.53B | $-1.29B | $-1.29B | · | $-1.76B | |
| Stockholders' Equity | $14.38B | $14.30B | $14.16B | $14.16B | $14.08B | $13.89B | $13.53B | $13.59B | $12.28B | $12.30B | · | $11.89B | $12.02B | $12.03B | · | $11.15B | |
| Liabilities + Equity | $41.08B | $40.90B | $40.14B | $38.06B | $38.85B | $36.08B | $35.09B | $35.44B | $32.85B | $31.94B | · | $31.68B | $31.57B | $31.27B | · | $29.33B | |
| Shares Outstanding | 98,671,000 | 98,623,000 | 98,226,000 | 98,187,000 | 97,865,000 | 97,819,000 | 97,287,000 | 96,488,000 | 94,945,000 | 94,904,000 | 94,630,000 | 93,883,296 | 93,564,869 | 93,514,718 | 92,814,000 | 92,536,979 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $551M | $541M | $542M | $530M | $499M | $479M | $498M | $496M | $489M | $526M | $463M | $463M | $462M | $457M | $438M | $430M | |
| Stock-based Comp | $145M | $128M | $128M | $130M | $127M | $113M | $114M | $122M | $125M | $101M | $106M | $98M | $104M | $99M | $108M | $102M | |
| Amort. of Intangibles | · | · | · | · | $50M | $48M | $53M | $52M | $51M | $52M | $52M | $51M | $52M | $52M | $52M | $52M | |
| Restructuring | $6M | $6M | $16M | $5M | $2M | $10M | $31M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Other Non-cash | · | $-367M | · | · | · | $-126M | · | · | · | $-260M | · | · | · | $-123M | · | · | |
| Operating Cash Flow | $1.07B | $717M | $1.14B | $1.01B | $944M | $809M | $981M | $758M | $912M | $598M | $999M | $785M | $742M | $692M | $760M | $820M | |
| CapEx | · | $1.26B | $1.44B | $1.14B | $989M | $750M | $987M | $724M | $648M | $707M | $996M | $617M | $638M | $530M | $828M | $553M | |
| Investing Cash Flow | $-1.12B | $-1.46B | $-2.71B | $-1.37B | $-1.44B | $-964M | $-1.11B | $-1.36B | $-734M | $-727M | $-1.28B | $-752M | $-669M | $-522M | $-1.07B | $-664M | |
| Stock Issued | $0 | $0 | $0 | $0 | $0 | $99M | $697M | $976M | $0 | $0 | $433M | $225.0K | $225.0K | $301M | $-18.0K | $796M | |
| Net Stock Activity | · | $0 | · | · | · | $99M | · | · | · | $0 | · | · | · | $301M | · | · | |
| Dividends Paid | $510M | $519M | $461M | $467M | $460M | $468M | $413M | $413M | $405M | $412M | $403M | $326M | $321M | $326M | $288M | $291M | |
| Financing Cash Flow | $-355M | $349M | $1.23B | $-1.16B | $1.19B | $15M | $478M | $1.35B | $294M | $-397M | $-22M | $18M | $-327M | $542M | $-325M | $489M | |
| Net Change in Cash | $-409M | $-399M | $-341M | $-1.52B | $728M | $-120M | $306M | $780M | $466M | $-566M | $-262M | $16M | $-301M | $736M | $-599M | $607M | |
| Free Cash Flow | · | $-539M | · | · | · | $59M | · | · | · | $-109M | · | · | · | $162M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-196M | · | · | · | $81M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 25.3% | 23.6% | · | 20.5% | 21.9% | 20.6% | · | 19.3% | 20.2% | 17.1% | · | 18.4% | 16.5% | 19.2% | · | 18.1% | |
| Net Margin | 18.2% | 17.0% | · | 16.2% | 16.3% | 15.4% | · | 13.5% | 13.9% | 10.9% | · | 13.4% | 10.3% | 13.0% | · | 11.5% | |
| Pretax Margin | 19.9% | 19.3% | · | 17.2% | 17.9% | 17.6% | · | 15.9% | 16.1% | 13.0% | · | 14.3% | 12.1% | 15.7% | · | 13.4% | |
| EBITDA Margin | 46.3% | 45.7% | · | 43.4% | 44.0% | 42.1% | · | 41.8% | 42.8% | 41.8% | · | 40.9% | 39.3% | 42.1% | · | 41.5% | |
| ROA | 1.2% | 1.1% | · | 1.0% | 1.0% | 1.0% | · | 0.88% | 0.93% | 0.73% | · | 0.90% | 0.68% | 0.87% | · | 0.74% | |
| ROE | 3.4% | 2.9% | · | 2.7% | 2.8% | 2.6% | · | 2.3% | 2.5% | 1.9% | · | 2.4% | 1.8% | 2.2% | · | 1.9% | |
| ROIC | 4.2% | 3.6% | · | 3.1% | 3.2% | 2.9% | · | 2.6% | 3.1% | 2.5% | · | 3.0% | 2.3% | 2.6% | · | 2.6% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.2 | · | 1.6 | 1.5 | 1.7 | · | 1.2 | 1.2 | 1.1 | · | 2.1 | 2.0 | 2.3 | · | 2.4 | |
| Quick Ratio | 0.9 | 0.9 | · | 1.3 | 1.3 | 1.4 | · | 1.0 | 1.0 | 0.9 | · | 1.8 | 1.8 | 2.0 | · | 1.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3.5 | · | 3.8 | 3.3 | 3.9 | · | 3.6 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 2.2 | 2.2 | · | 2.0 | 2.0 | 2.1 | · | 2.0 | 2.0 | 2.1 | · | 2.3 | 2.2 | 2.4 | · | 2.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $145.76 | $144.98 | · | $144.18 | $143.91 | $141.99 | · | $140.83 | $129.32 | $129.59 | · | $126.61 | $128.51 | $128.63 | · | $120.54 | |
| Revenue / Share | $26.48 | $24.76 | · | $23.59 | $23.01 | $22.73 | · | $22.99 | $22.69 | $22.35 | · | $21.89 | $21.51 | $21.41 | · | $19.98 | |
| Cash Flow / Share | · | $7.26 | · | · | · | $8.26 | · | · | · | $6.28 | · | · | · | $7.41 | · | · | |
| Cash / Share | $9.92 | $13.81 | · | $21.15 | $37.40 | $30.16 | · | $28.77 | $20.99 | $16.09 | · | $25.11 | $25.03 | $28.26 | · | $27.02 | |
| Dividend / Share | $5.16 | $5.16 | $4.69 | $4.69 | $4.69 | $4.69 | $4.26 | $4.26 | $4.26 | $4.26 | $4.26 | $3.41 | $3.41 | $3.41 | · | · | |
| Dividend Paid / Share | · | · | $4.69 | $4.69 | $4.69 | $4.69 | $4.26 | $4.26 | $4.26 | $4.26 | $4.26 | $3.41 | $3.41 | $3.41 | $3.10 | $3.10 | |
| EPS (TTM) | $15.54 | $14.46 | · | $10.87 | $10.16 | $9.57 | · | $11.09 | $10.92 | $9.97 | · | $9.29 | $8.66 | $8.82 | · | $7.64 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.80B | $9.44B | · | $9.06B | $8.94B | $8.85B | · | $8.37B | $8.23B | $8.09B | · | $8.18B | $7.96B | $7.75B | · | $7.10B | |
| Net Income TTM | $1.53B | $1.42B | · | $1.07B | $994M | $927M | · | $1.06B | $1.03B | $941M | · | $871M | $807M | $817M | · | $699M | |
| Market Cap | $102.85B | $96.67B | · | $76.90B | $77.85B | $79.76B | · | $85.65B | $71.84B | $78.33B | · | $68.18B | $73.35B | $67.43B | · | $52.64B | |
| P/E | 67.1 | 67.8 | · | 72.1 | 78.3 | 85.2 | · | 80.0 | 69.3 | 82.8 | · | 78.2 | 90.5 | 81.8 | · | 74.5 | |
| P/S | 10.5 | 10.2 | · | 8.5 | 8.7 | 9.0 | · | 10.2 | 8.7 | 9.7 | · | 8.3 | 9.2 | 8.7 | · | 7.4 | |
| P/B | 7.2 | 6.8 | · | 5.4 | 5.5 | 5.7 | · | 6.3 | 5.9 | 6.4 | · | 5.7 | 6.1 | 5.6 | · | 4.7 | |
| P / Tangible Book | 14.2 | 13.6 | · | 11.2 | 11.6 | 11.6 | · | 13.6 | 14.1 | 15.5 | · | 14.9 | 16.4 | 15.1 | · | 13.6 | |
| P / Cash Flow | · | 134.8 | · | · | · | 98.6 | · | · | · | 131.0 | · | · | · | 97.5 | · | · | |
| Dividend Yield | 1.9% | 2.0% | · | 2.4% | 2.2% | 2.1% | · | 1.9% | 2.1% | 1.9% | · | 1.8% | 1.7% | 1.8% | · | 2.1% | |
| Earnings Yield | 1.5% | 1.5% | · | 1.4% | 1.3% | 1.2% | · | 1.2% | 1.4% | 1.2% | · | 1.3% | 1.1% | 1.2% | · | 1.3% | |
| Payout Ratio | · | 125.1% | · | · | · | 136.4% | · | · | · | 178.4% | · | · | · | 126.0% | · | · | |
| Annual Payout | $1.96B | $1.91B | · | $1.81B | $1.75B | $1.70B | · | $1.63B | $1.55B | $1.46B | · | $1.26B | $1.23B | $1.19B | · | $1.12B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $9.22B | $8.75B | $8.19B | $7.26B | $6.64B |
| Operating Margin % | 20.1% | 15.2% | 17.6% | · | 16.7% |
| Net Income | $1.35B | $815M | $969M | $705M | $500M |
| Diluted EPS | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | · | · | · |
| Current Ratio | 1.3 | 1.6 | 1.1 | · | 1.8 |
| Quick Ratio | 1.1 | 1.4 | 1.0 | · | 1.4 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-400M | $183M | $436M | · | $-204M |
Institutional owners (13F) 1,454 filers · $105.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 150 (-89 vs prior Q) | 74 (-7 vs prior Q) | 569 (+80 vs prior Q) | 430 (+6 vs prior Q) | +3.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $11,930,074,161 | 11,444,924 | 11.33% | Shares |
| VANGUARD GROUP INC | $10,265,705,820 | 13,398,906 | 9.75% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $6,717,601,049 | 6,444,422 | 6.38% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,360,807,629 | 6,102,138 | 6.04% | Shares |
| STATE STREET CORP | $6,281,550,549 | 6,026,104 | 5.97% | Shares |
| FMR LLC | $2,996,199,102 | 2,874,355 | 2.85% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,644,363,105 | 2,547,307 | 2.51% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $1,982,667,800 | 1,902,047 | 1.88% | Shares |
| JPMORGAN CHASE & CO | $1,908,329,716 | 1,758,552 | 1.81% | Shares |
| NORTHERN TRUST CORP | $1,611,991,507 | 1,546,438 | 1.53% | Shares |
| COATUE MANAGEMENT LLC | $1,327,501,387 | 1,273,517 | 1.26% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,296,568,462 | 1,243,842 | 1.23% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,271,312,845 | 1,219,466 | 1.21% | Shares |
| NORGES BANK | $1,254,071,264 | 1,203,073 | 1.19% | Shares |
| APG Asset Management US Inc. | $1,210,632,251 | 1,194,365 | 1.15% | Shares |
| Legal & General Group Plc | $1,181,260,322 | 1,133,223 | 1.12% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,163,661,653 | 1,116,340 | 1.11% | Shares |
| AMERIPRISE FINANCIAL INC | $1,155,584,184 | 1,108,601 | 1.10% | Shares |
| DEUTSCHE BANK AG\ | $1,118,929,570 | 1,073,427 | 1.06% | Shares |
| MORGAN STANLEY | $1,116,834,758 | 1,071,415 | 1.06% | Shares |
| GOLDMAN SACHS GROUP INC | $1,083,292,399 | 1,039,239 | 1.03% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $952,830,979 | 914,083 | 0.91% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $893,735,805 | 857,391 | 0.85% | Shares |
| Amundi | $832,357,699 | 798,503 | 0.79% | Shares |
| Invesco Ltd. | $765,018,435 | 733,908 | 0.73% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $752,087,512 | 721,503 | 0.71% | Shares |
| BANK OF AMERICA CORP /DE/ | $696,903,455 | 668,563 | 0.66% | Shares |
| Nuveen, LLC | $677,499,116 | 649,948 | 0.64% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $628,875,450 | 598,929 | 0.60% | Shares |
| Resolution Capital Ltd | $607,574,732 | 582,867 | 0.58% | Shares |
| TWO SIGMA INVESTMENTS, LP | $601,293,290 | 576,841 | 0.57% | Shares |
| Bank of New York Mellon Corp | $598,815,244 | 574,464 | 0.57% | Shares |
| UBS Group AG | $593,152,537 | 569,031 | 0.56% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $577,220,335 | 553,747 | 0.55% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $546,605,341 | 524,377 | 0.52% | Shares |
| NOMURA HOLDINGS INC | $526,406,950 | 505,000 | 0.50% | Put option |
| Russell Investments Group, Ltd. | $517,682,672 | 492,246 | 0.49% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $513,370,746 | 492,494 | 0.49% | Shares |
| RAYMOND JAMES FINANCIAL INC | $490,304,390 | 470,366 | 0.47% | Shares |
| HSBC HOLDINGS PLC | $490,134,586 | 469,628 | 0.47% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $472,521,641 | 453,306 | 0.45% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $445,133,887 | 427,032 | 0.42% | Shares |
| ROYAL BANK OF CANADA | $436,341,000 | 418,598 | 0.41% | Shares |
| Daiwa Securities Group Inc. | $428,490,046 | 411,065 | 0.41% | Shares |
| Capital Research Global Investors | $425,975,886 | 408,653 | 0.40% | Shares |
| PRUDENTIAL FINANCIAL INC | $409,204,788 | 392,564 | 0.39% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $399,459,484 | 383,215 | 0.38% | Shares |
| BARCLAYS PLC | $395,873,663 | 379,775 | 0.38% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $394,486,234 | 358,445 | 0.37% | Shares |
| Sustainable Growth Advisers, LP | $361,571,734 | 346,868 | 0.34% | Shares |
Activists & 5%+ owners 11 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| EQUINIX, INC. | Nov. 3, 2009 | · | Initial filing | M&A / sale | SEC |
| TEMASEK HOLDINGS (PRIVATE) LIMITED, SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD, STT COMMUNICATIONS LTD, i-STT INVESTMENTS PTE. LTD., i-STT INVESTMENTS (BERMUDA) LTD. ×2 filings | Nov. 19, 2008 | · | Initial filing | · | SEC |
| Crosslink Capital, Inc., Crossover Fund III Management, L.L.C., Crosslink Ventures IV Holdings, L.L.C., Crosslink Verwaltungs GmbH, Michael J. Stark, Seymour F. Kaufman, Thomas Edward Bliska, Daniel John Dunn, James Feuille, David I. Epstein, Gary Hromadko ×6 filings | March 1, 2006 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Nov. 18, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 15, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Oct. 7, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Jan. 14, 2005 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Dec. 30, 2004 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Dec. 22, 2003 | · | Initial filing | · | SEC |
| PIHANA PACIFIC, INC. | Oct. 15, 2002 | · | Initial filing | · | SEC |
| SINGAPORE TECHNOLOGIES PTE LTD, SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD, STT COMMUNICATIONS LTD | Oct. 11, 2002 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 52 insiders · 19 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Adaire Fox-Martin | CEO and President | June 1, 2026 M | 22,284 | 0 | 45 | $-12,361,576 |
| Stephen M Smith | CEO & President | Jan. 16, 2018 M | 24,932 | 0 | 0 | $0 |
| Olivier Leonetti | Chief Financial Officer | March 16, 2026 A | · | 0 | 0 | $0 |
| TAYLOR KEITH D | Chief Financial Officer | March 11, 2026 M | 26,587 | 0 | 23 | $-6,555,487 |
| Yau Tat Lee | President - Asia Pacific | Feb. 25, 2019 M | 8,956 | 0 | 0 | $0 |
| Eric Schwartz | President, Equinix EMEA | Feb. 25, 2019 M | 3,491 | 0 | 0 | $0 |
| KOEN PHILIP J | President and COO | March 2, 2006 M | 3,764 | 0 | 0 | $0 |
| Michael Shane Paladin | Chief Customer & Rev Officer | Sept. 4, 2026 S | 2,450 | 0 | 36 | $-1,728,428 |
| Kurt Pletcher | Chief Legal Officer | Aug. 20, 2026 S | 4,077 | 0 | 68 | $-2,538,599 |
| MORANDI BRANDI GALVIN | Chief People Officer | June 8, 2026 S | 6,132 | 0 | 25 | $-8,248,327 |
| Jonathan Lin | Chief Business Officer | June 1, 2026 M | 10,911 | 0 | 48 | $-2,629,971 |
| Raouf Abdel | EVP, Global Operations | June 1, 2026 M | 5,934 | 0 | 51 | $-6,270,879 |
| Simon Miller | Chief Accounting Officer | March 11, 2026 M | 7,615 | 0 | 31 | $-682,715 |
| Michael Earl Campbell | Chief Sales Officer | Sept. 6, 2024 S | 14,800 | 0 | 0 | $0 |
| Scott Crenshaw | EVP, GM Digital Services | Sept. 6, 2024 S | 4 | 0 | 0 | $0 |
| Meredith Williamson | Chief Customer & Rev Officer | Sept. 3, 2024 M | 0 | 0 | 0 | $0 |
| Peter Van Camp | Executive Chairman | March 7, 2024 A | 8,132 | 0 | 0 | $0 |
| Karl Strohmeyer | Chief Customer & Rev Officer | May 5, 2023 S | 16,582 | 0 | 0 | $0 |
| Sara Baack | Chief Product Officer | Sept. 1, 2021 M | 13,443 | 0 | 0 | $0 |
| Christopher B Paisley | Director | Aug. 18, 2026 S | 13,734 | 0 | 5 | $-4,481,313 |
| Yanbing Li | Director | May 21, 2026 M | 255 | 0 | 0 | $0 |
| Rebecca J Kujawa | Director | May 21, 2026 M | 170 | 0 | 0 | $0 |
| Fidelma Russo | Director | May 21, 2026 M | 640 | 0 | 0 | $0 |
| Thomas S Olinger | Director | May 21, 2026 M | 1,116 | 0 | 0 | $0 |
| Gary Hromadko | Director | May 21, 2026 M | 142,687 | 0 | 0 | $0 |
| Sandra L Rivera | Director | May 13, 2026 A | 1,352 | 0 | 0 | $0 |
| Nanci Caldwell | Director | May 13, 2026 A | 2,316 | 0 | 0 | $0 |
| Charles J Meyers | Director | May 6, 2026 S | 7,370 | 0 | 42 | $-15,728,790 |
| Jeetendra I Patel | Director | May 21, 2025 M | 703 | 0 | 0 | $0 |
| Ron Guerrier | Director | May 26, 2022 M | 209 | 0 | 0 | $0 |
| Irving F Lyons III | Director | May 25, 2022 A | 20,803 | 0 | 0 | $0 |
| Thomas A Bartlett | Director | June 18, 2021 M | 358 | 0 | 0 | $0 |
| William K Luby | Director | June 18, 2020 A | 38,427 | 0 | 0 | $0 |
| Scott Kriens | Director | May 30, 2019 A | 79,910 | 0 | 0 | $0 |
| John L Hughes | Director | June 8, 2017 M | 2,815 | 0 | 0 | $0 |
| Crossover Fund V Management, L.L.C. | Director | Feb. 22, 2008 P | 595,465 | 0 | 0 | $0 |
| LEE THENG KIAT | Director | Aug. 11, 2005 A | · | 0 | 0 | $0 |
| Andrew S Rachleff | Director | June 2, 2005 A | 5,080 | 0 | 0 | $0 |
| RANEY DENNIS R | Director | May 18, 2005 P | 5,000 | 0 | 0 | $0 |
| Temasek Holdings (Private) Limited | 10% owner | Nov. 1, 2004 P | · | 0 | 0 | $0 |
| STT Communications Ltd | 10% owner | Nov. 21, 2003 P | 2,970,414 | 0 | 0 | $0 |
| Crosslink Capital, Inc. | · | Dec. 9, 2016 S | 31,700 | 0 | 0 | $0 |
| Steven T Clontz | · | May 16, 2013 S | 6,524 | 0 | 0 | $0 |
| FERRIS PETER | · | Feb. 15, 2013 M | 15,354 | 0 | 0 | $0 |
| Jarrett Appleby | · | March 6, 2012 M | 9,265 | 0 | 0 | $0 |
| ENG STEPHEN POY | · | June 9, 2010 M | 2,413 | 0 | 0 | $0 |
| BACKAUS MARJORIE | · | July 7, 2008 S | 39,450 | 0 | 0 | $0 |
| Guy Willner | · | Jan. 3, 2008 A | · | 0 | 0 | $0 |
| LANAM RENEE | · | Dec. 3, 2007 M | 47,313 | 0 | 0 | $0 |
| Sushil Kapoor | · | Aug. 8, 2007 M | 52,571 | 0 | 0 | $0 |
| Louis J Lavigne JR | · | June 8, 2006 A | · | 0 | 0 | $0 |
| Seymour F Kaufman | · | March 6, 2006 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 153 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SRVR · Pacer Funds Trust | 15.72% | 57,170 NS | July 31, 2026 | N-PORT |
| REAI · Tidal Trust I | 9.37% | 99 NS | July 31, 2026 | N-PORT |
| FPRO · FIDELITY COVINGTON TRUST | 9.21% | 1,493 NS | July 31, 2026 | N-PORT |
| IDGT · iShares Trust | 9.18% | 45,567 SH | Sept. 11, 2026 | Daily |
| JRE · Janus Detroit Street Trust | 8.56% | 353 NS | July 31, 2026 | N-PORT |
| PSR · Invesco Actively Managed Exchange-T… | 8.28% | 4,432 | Oct. 5, 2026 | Daily |
| ICF · iShares Trust | 8.21% | 158,256 SH | Sept. 11, 2026 | Daily |
| GQRE · FlexShares Trust | 6.52% | 27,170 NS | July 31, 2026 | N-PORT |
| USRT · iShares Trust | 6.25% | 269,849 SH | Sept. 11, 2026 | Daily |
| REET · iShares Trust | 5.67% | 268,498 SH | Sept. 11, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 5.46% | 3,753,793 SH | Aug. 19, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 5.24% | 76,764 NS | July 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 5.09% | 88,825 NS | July 31, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 4.92% | 186,489 NS | July 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 4.75% | 2,100 NS | July 31, 2026 | N-PORT |
| RNTY · Tidal Trust II | 4.57% | 392 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 4.57% | 182,339 SH | Sept. 11, 2026 | Daily |
| ERET · iShares Trust | 4.49% | 590 SH | Sept. 11, 2026 | Daily |
| IQRA · New York Life Investments Active ET… | 3.92% | 265 NS | July 31, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.49% | 2,788 | Oct. 5, 2026 | Daily |
| PABU · iShares Trust | 2.04% | 49,743 SH | Sept. 11, 2026 | Daily |
| SDG · iShares Trust | 1.74% | 2,835 SH | Sept. 11, 2026 | Daily |
| PWS · Pacer Funds Trust | 1.68% | 396 NS | July 31, 2026 | N-PORT |
| IGPT · Invesco Exchange-Traded Fund Trust | 1.47% | 21,004 | Oct. 5, 2026 | Daily |
| NFRA · FlexShares Trust | 1.39% | 41,131 NS | July 31, 2026 | N-PORT |
| NUDV · Nushares ETF Trust | 1.38% | 677 NS | July 31, 2026 | N-PORT |
| NULV · Nushares ETF Trust | 1.35% | 29,148 NS | July 31, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 1.31% | 906 NS | July 31, 2026 | N-PORT |
| GDIV · Harbor ETF Trust | 1.13% | 2,619 NS | July 31, 2026 | N-PORT |
| REVS · Columbia ETF Trust I | 1.02% | 3,351 NS | July 31, 2026 | N-PORT |
| KNCT · Invesco Exchange-Traded Fund Trust | 1.00% | 1,646 | Oct. 5, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.86% | 57,858 | Oct. 5, 2026 | Daily |
| TECB · iShares Trust | 0.78% | 3,768 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.76% | 40,668,000 SH | Sept. 11, 2026 | Daily |
| EGUS · iShares Trust | 0.74% | 199 SH | Sept. 11, 2026 | Daily |
| FEUS · FlexShares Trust | 0.74% | 809 NS | July 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.71% | 27,898 SH | Sept. 11, 2026 | Daily |
| ESLV · Strategy Shares | 0.69% | 97 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.65% | 268 NS | July 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.63% | 143 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.62% | 100 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.58% | 14,257 NS | July 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.57% | 124 SH | Sept. 11, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.52% | 29,900 NS | July 31, 2026 | N-PORT |
| MTUM · iShares Trust | 0.52% | 123,941 SH | Sept. 11, 2026 | Daily |
| EVUS · iShares Trust | 0.52% | 1,920 SH | Sept. 11, 2026 | Daily |
| MGK · VANGUARD WORLD FUND | 0.50% | 160,387 SH | Aug. 19, 2026 | Daily |
| ESMV · iShares Trust | 0.47% | 36 SH | Sept. 11, 2026 | Daily |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.42% | 19,231 NS | July 31, 2026 | N-PORT |
| ESG · FlexShares Trust | 0.42% | 540 NS | July 31, 2026 | N-PORT |
| USXF · iShares Trust | 0.41% | 5,850 SH | Sept. 11, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.38% | 8,886 NS | July 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.38% | 678 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.37% | 14,229 SH | Sept. 11, 2026 | Daily |
| ADME · ETF Series Solutions | 0.37% | 1,077 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.37% | 2,815 | Oct. 5, 2026 | Daily |
| ESGU · iShares Trust | 0.36% | 63,210 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.35% | 22,710 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.34% | 163,904 SH | Sept. 11, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.33% | 582 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.33% | 9,320,000 | Oct. 5, 2026 | Daily |
| IUSV · iShares Trust | 0.32% | 86,358 SH | Sept. 11, 2026 | Daily |
| FDLO · FIDELITY COVINGTON TRUST | 0.30% | 4,205 NS | July 31, 2026 | N-PORT |
| VUG · VANGUARD INDEX FUNDS | 0.30% | 1,085,680 SH | Aug. 19, 2026 | Daily |
| SUSL · iShares Trust | 0.30% | 3,480 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.29% | 59,461 SH | Aug. 19, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.29% | 925 NS | July 31, 2026 | N-PORT |
| DSI · iShares Trust | 0.29% | 15,074 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.28% | 3 NS | July 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.27% | 218,888 SH | Sept. 11, 2026 | Daily |
| LGDX · Tidal Trust III | 0.25% | 342 NS | July 31, 2026 | N-PORT |
| MPLY · Strategy Shares | 0.24% | 38 NS | July 31, 2026 | N-PORT |
| FDMO · FIDELITY COVINGTON TRUST | 0.23% | 2,058 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.23% | 344 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 186,540 | Oct. 5, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 3,624 SH | Sept. 11, 2026 | Daily |
| ESGG · FlexShares Trust | 0.19% | 209 NS | July 31, 2026 | N-PORT |
| MGC · VANGUARD WORLD FUND | 0.19% | 19,709 SH | Aug. 19, 2026 | Daily |
| TOPC · iShares Trust | 0.19% | 60 SH | Sept. 11, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.19% | 2,401 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.18% | 2,988 | Oct. 5, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.18% | 22,268 SH | Aug. 19, 2026 | Daily |
| ILCG · iShares Trust | 0.18% | 5,443 SH | Sept. 11, 2026 | Daily |
| IWL · iShares Trust | 0.18% | 3,818 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.18% | 738 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.18% | 240,000 | Oct. 5, 2026 | Daily |
| XVV · iShares Trust | 0.17% | 1,132 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.17% | 2,141 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.17% | 13 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.16% | 79 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.16% | 2,563,537 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.16% | 115,182 SH | Aug. 19, 2026 | Daily |
| XYLG · Global X Funds | 0.16% | 100 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.16% | 9 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.16% | 5,002 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.16% | 8,340 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.15% | 587 | Oct. 5, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 13,482 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.15% | 1,243,309 SH | Sept. 11, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.15% | 1,655 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 1,198 | Oct. 5, 2026 | Daily |
| XYLD · Global X Funds | 0.15% | 4,838 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.15% | 15,823 | Oct. 5, 2026 | Daily |
| ILCB · iShares Trust | 0.15% | 1,896 SH | Sept. 11, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.15% | 16,291 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.15% | 392 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.15% | 7 NS | July 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.14% | 1,195 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.14% | 4,239 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.14% | 68,054 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.14% | 372 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.14% | 5 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 5,240,000 | Oct. 5, 2026 | Daily |
| USCL · iShares Trust | 0.14% | 3,909 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.14% | 2,346 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.14% | 3,131,440 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.14% | 8,293 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.14% | 27,053 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.14% | 128,167 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.13% | 78 | Oct. 5, 2026 | Daily |
| PEVC · Pacer Funds Trust | 0.13% | 3 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.12% | 1,631 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.12% | 687 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.12% | 279 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.12% | 7,712 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.11% | 8,831 SH | Sept. 11, 2026 | Daily |
| CRBN · iShares Trust | 0.11% | 1,256 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.11% | 2,268 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.10% | 31,321 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 521 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.09% | 2,712,000 | Oct. 5, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.09% | 81,969 SH | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 850 | Oct. 5, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.09% | 1,352 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.08% | 7,747 | Oct. 5, 2026 | Daily |
| IETC · iShares U.S. ETF Trust | 0.07% | 499 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.05% | 4,720 | Oct. 5, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.04% | 1,955 | Oct. 5, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
EQIX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
31 analysts · 2026-10-02Mean target $1234.19 +17.8%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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