Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 25.33% is 42% above its 5-year average of 17.87%, near the high end of its 5-year range (4.56%–25.33%).
As of the fiscal period ended Tuesday, June 30, 2026. 16.65% above its 12-month average of 21.72%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.33%
OPERATING MARGIN AVG TTM
21.72%
OPERATING MARGIN AVG 3Y
19.76%
OPERATING MARGIN AVG 5Y
18.54%
OPERATING MARGIN AVG 10Y
18.73%
OPERATING MARGIN AVG 15Y
19.26%
OPERATING MARGIN AVG 20Y
18.89%
CURRENT VS TTM AVG
+16.65%
CURRENT VS 3Y AVG
+28.20%
CURRENT VS 5Y AVG
+36.67%
CURRENT VS 10Y AVG
+35.22%
CURRENT VS 15Y AVG
+31.56%
CURRENT VS 20Y AVG
+34.12%
SECTOR MEDIAN · REAL ESTATE
28.86%
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
-12.22%
vs the sector median at left
Equinix, Inc.
Market Cap
$100.57B
Operating Margin
25.33%
TTM Avg
21.72%
3Y Avg
19.76%
5Y Avg
18.54%
Market Cap
$80.78B
Operating Margin
44.40%
TTM Avg
45.23%
3Y Avg
37.52%
5Y Avg
36.57%
Market Cap
$74.38B
Operating Margin
48.28%
TTM Avg
50.88%
3Y Avg
50.05%
5Y Avg
48.36%
Market Cap
$69.75B
Operating Margin
17.87%
TTM Avg
9.63%
3Y Avg
10.35%
5Y Avg
11.89%
Market Cap
$134.83B
Operating Margin
38.43%
TTM Avg
47.03%
3Y Avg
49.58%
5Y Avg
52.24%
Market Cap
$60.45B
Operating Margin
48.30%
TTM Avg
46.80%
3Y Avg
49.20%
5Y Avg
49.19%
Market Cap
$59.56B
Operating Margin
29.27%
TTM Avg
36.16%
3Y Avg
38.42%
5Y Avg
41.26%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Equinix, Inc. (EQIX) | $100.57B | 25.33% | 21.72% | 19.76% | 18.54% |
| American Tower Corporation (AMT)vs › | $80.78B | 44.40% | 45.23% | 37.52% | 36.57% |
| Simon Property Group, Inc. (SPG)vs › | $74.38B | 48.28% | 50.88% | 50.05% | 48.36% |
| Digital Realty Trust, Inc. (DLR)vs › | $69.75B | 17.87% | 9.63% | 10.35% | 11.89% |
| Prologis, Inc. (PLD)vs › | $134.83B | 38.43% | 47.03% | 49.58% | 52.24% |
| Public Storage (PSA)vs › | $60.45B | 48.30% | 46.80% | 49.20% | 49.19% |
| Realty Income Corporation (O)vs › | $59.56B | 29.27% | 36.16% | 38.42% | 41.26% |
| Ventas, Inc. (VTR)vs › | $45.46B | 6.61% | 14.00% | 12.24% | 12.59% |
| CBRE Group, Inc. (CBRE)vs › | $42.51B | 3.61% | 3.57% | 3.89% | 4.25% |
| Iron Mountain Incorporated (IRM)vs › | $36.39B | 18.01% | 18.39% | 18.54% | 19.29% |
Gross Margin
51.6%
Operating Margin
25.3%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 25.33% |
| 2026-03-31 | 23.61% |
| 2025-12-31 | 17.28% |
| 2025-09-30 | 20.47% |
| 2025-06-30 | 21.90% |
| 2025-03-31 | 20.58% |
| 2024-12-31 | 4.56% |
| 2024-09-30 | 19.31% |
| 2024-06-30 | 20.19% |
| 2024-03-31 | 17.11% |
| 2023-12-31 | 16.41% |
| 2023-09-30 | 18.49% |
| 2023-06-30 | 16.45% |
| 2023-03-31 | 19.22% |
| 2022-12-31 | 15.08% |
| 2022-09-30 | 18.10% |
| 2022-06-30 | 17.49% |
| 2022-03-31 | 15.41% |
| 2021-12-31 | 14.63% |
| 2021-09-30 | 16.84% |
| 2021-06-30 | 16.81% |
| 2021-03-31 | 18.65% |
| 2020-12-31 | 14.62% |
| 2020-09-30 | 18.97% |
| 2020-06-30 | 19.22% |
| 2020-03-31 | 17.55% |
| 2019-12-31 | 22.08% |
| 2019-09-30 | 20.43% |
| 2019-06-30 | 21.07% |
| 2019-03-31 | 20.50% |
| 2018-12-31 | 20.66% |
| 2018-09-30 | 20.70% |
| 2018-06-30 | 17.04% |
| 2018-03-31 | 18.58% |
| 2017-12-31 | 19.33% |
| 2017-09-30 | 19.51% |
| 2017-06-30 | 17.34% |
| 2017-03-31 | 17.61% |
| 2016-12-31 | 19.57% |
| 2016-09-30 | 18.38% |
| 2016-06-30 | 16.84% |
| 2016-03-31 | 13.35% |
| 2015-12-31 | 18.60% |
| 2015-09-30 | 20.52% |
| 2015-06-30 | 20.90% |
| 2015-03-31 | 23.55% |
| 2014-12-31 | 20.03% |
| 2014-09-30 | 21.78% |
| 2014-06-30 | 20.61% |
| 2014-03-31 | 20.97% |
| 2013-12-31 | 22.13% |
| 2013-09-30 | 21.31% |
| 2013-06-30 | 22.06% |
| 2013-03-31 | 20.17% |
| 2012-12-31 | 20.15% |
| 2012-09-30 | 19.00% |
| 2012-06-30 | 21.90% |
| 2012-03-31 | 22.28% |
| 2011-12-31 | 19.21% |
| 2011-09-30 | 18.54% |
| 2011-06-30 | 18.96% |
| 2011-03-31 | 19.64% |
| 2010-12-31 | 15.78% |
| 2010-09-30 | 15.75% |
| 2010-06-30 | 13.59% |
| 2010-03-31 | 19.30% |
| 2009-12-31 | 20.94% |
| 2009-09-30 | 20.02% |
| 2009-06-30 | 19.25% |
| 2009-03-31 | 21.94% |
| 2008-12-31 | 12.88% |
| 2008-09-30 | 11.70% |
| 2008-06-30 | 7.71% |
| 2008-03-31 | 8.84% |
| 2007-12-31 | 0.56% |
| 2007-09-30 | 5.86% |
| 2007-06-30 | 2.66% |
| 2007-03-31 | 0.95% |
| 2006-12-31 | 13.80% |
| 2006-09-30 | -4.17% |
| 2006-06-30 | -4.70% |
| 2006-03-31 | -4.32% |
| 2005-12-31 | -50.17% |
| 2005-09-30 | 0.40% |
| 2005-06-30 | -4.77% |
| 2005-03-31 | -7.18% |
| 2004-12-31 | -45.47% |
| 2004-09-30 | -10.83% |
| 2004-06-30 | -18.16% |
| 2004-03-31 | -26.75% |
| 2003-12-31 | -38.05% |
| 2003-09-30 | -46.20% |
| 2003-06-30 | -57.12% |
| 2003-03-31 | -81.82% |
| 2002-12-31 | -93.60% |
| 2002-09-30 | -178.76% |
