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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.63B | $2.44B | $2.42B | $2.32B | $2.26B | $2.23B | $2.26B | $2.20B |
| Cost of revenue | $1.23B | $1.19B | $1.20B | $1.14B | $1.08B | $1.08B | $1.20B | $1.10B |
| Gross profit | $1.40B | $1.26B | $1.22B | $1.17B | $1.17B | $1.14B | $1.07B | $1.10B |
| Gross margin | 53.1% | 51.5% | 50.5% | 50.7% | 52.0% | 51.3% | 47.1% | 50.1% |
| Selling, general and administrative | $701.00M | $685.00M | $715.00M | $689.00M | $672.00M | $667.00M | $660.00M | $671.00M |
| Operating expenses | $727.00M | $701.00M | $800.00M | $701.00M | $678.00M | $683.00M | $962.00M | $678.00M |
| Operating income | $668.00M | $557.00M | $422.00M | $473.00M | $494.00M | $458.00M | $103.00M | $425.00M |
| Operating margin | 25.4% | 22.8% | 17.4% | 20.4% | 21.9% | 20.6% | 4.6% | 19.3% |
| EBITDA | $1.25B | $1.12B | $1.06B | $1.02B | $1.00B | $954.00M | $907.00M | $926.00M |
| Interest income | $36.00M | $41.00M | $41.00M | $53.00M | $52.00M | $47.00M | $49.00M | $35.00M |
| Interest expense | −$151.00M | −$148.00M | −$142.00M | −$128.00M | −$135.00M | −$122.00M | −$126.00M | −$117.00M |
| Income before taxes | $523.00M | $471.00M | $312.00M | $399.00M | $405.00M | $392.00M | $0 | $350.00M |
| Income taxes | $46.00M | $56.00M | $48.00M | $25.00M | $38.00M | $49.00M | $14.00M | $54.00M |
| Net income | $477.00M | $415.00M | $264.00M | $374.00M | $367.00M | $343.00M | −$14.00M | $296.00M |
| Net margin | 18.2% | 17.0% | 10.9% | 16.1% | 16.3% | 15.4% | -0.6% | 13.4% |
| EPS, basic | $4.86 | $4.22 | $2.70 | $3.82 | $3.76 | $3.52 | −$0.14 | $3.11 |
| EPS, diluted | $4.83 | $4.20 | $2.69 | $3.81 | $3.75 | $3.50 | −$0.14 | $3.10 |
| Diluted shares | 99.14M | 98.73M | 98.38M | 98.17M | 98.05M | 97.89M | 97.26M | 95.73M |
Figures describe Equinix shares, not any token. As of Jul 29, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.