> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Equinix Books $54 Million Of Other Income From A One-Time Joint Venture Fee, Flattering Quarterly Profit - URL: https://www.bullished.co/equinix-books-54-million-of-other-income-from-a-one-time-joint-venture-fee-flattering-3635cc12/ - Published: 2026-10-28T20:40:55.000Z - Updated: 2026-10-28T20:40:55.000Z - Description: The atNorth fee swung other income to $54 million while interest expense climbed to $163 million, Equinix's quarterly report shows. - Author: Matteo Parrino - Tags: SEC Filings, EQIX, Industry: Real Estate [Equinix](https://www.bullished.co/tag/eqix/), which runs data centers where companies rent space and power and connect directly to one another, booked [$54 million of net other income](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000180/eqix-20260930.htm?ref=bullished.co) in the third quarter, mostly compensation earned for its part in forming the atNorth joint venture. That helped lift net income to $489 million from $374 million a year earlier, while interest expense rose to $163 million. ## A fee that flattered the quarter The other-income line was insignificant a year earlier, and the prior quarter showed [net other expense of $28 million](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000147/eqix-20260630.htm?ref=bullished.co), an $82 million swing. Equinix's [earnings release](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000178/a991eqix-q326xpr.htm?ref=bullished.co) described the fee as non-recurring and tied the 31% rise in net income partly to it, alongside higher operating income of $600 million. [Diluted earnings per share](https://www.9news.com/article/syndication/associatedpress/equinix-q3-earnings-snapshot/616-1bca2420-64f7-4a68-b245-f411d28c97db?ref=bullished.co) were $4.93 against $3.81 a year earlier. Revenue was $2.571 billion, up 11%. For the nine months, net other income was $27 million, partly offset by Equinix's share of losses at equity-method investments. ## Interest bill follows the bond sales Interest expense rose to $163 million from $128 million a year earlier, and to $462 million from $385 million over nine months. The company ties the increase to senior notes issued in 2026 and 2025, including $5.4 billion sold in the first three quarters of this year. Senior notes, net of the current portion, stood at $20.963 billion at quarter end against $16.91 billion at the end of 2025\. In July Equinix replaced its $4.0 billion revolving credit facility with a $5.5 billion one maturing July 25, 2031; roughly $5.5 billion remained available to borrow. ## What atNorth cost Equinix In September Equinix put $869 million into the venture, which bought atNorth, a Nordic colocation and built-to-suit data center provider. It owns about 34% of each share class. Of the $847 million carried on its books, $831 million sits in non-voting preference shares paying a cumulative 12% annual dividend, and $16 million in voting common shares. Equinix books its share of the venture's income on a three-month lag. Equinix also committed to lease a minimum amount of capacity from atNorth by December 31, 2030\. On October 1 it paid $133 million for 10% stakes in the Asia-Pacific 4 joint venture. ## Spending commitments and guidance Equinix had about $6.4 billion of unaccrued capital spending commitments at September 30, mostly for equipment and construction, with the majority payable within 12 months. Cash and short-term investments totaled $3.6 billion. For the fourth quarter, the company expects revenue of $2.684 billion to $2.724 billion. It raised its full-year revenue outlook to $10.325 billion to $10.365 billion. Equinix declared a quarterly dividend of $5.16 per share, payable December 16 to holders of record on November 18. ### Sources - [10-Q Filing — Equinix (EQIX)](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000180/eqix-20260930.htm?ref=bullished.co) — SEC EDGAR - [10-Q Filing — Equinix (EQIX), Q2 FY2026 filed 2026-07-29 (comparison basis)](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000147/eqix-20260630.htm?ref=bullished.co) — SEC EDGAR - [Earnings release (8-K Item 2.02, a991eqix-q326xpr.htm) — Equinix, filed 2026-10-28](https://www.sec.gov/Archives/edgar/data/0001101239/000110123926000178/a991eqix-q326xpr.htm?ref=bullished.co) — SEC EDGAR - [Equinix FFO of $8.64 beats by $0.64, revenue of $2.57B beats by $10M (NASDAQ:EQIX) | Seeking Alpha](https://seekingalpha.com/news/4659542-equinix-ffo-of-8%5F64-beats-by-0%5F64-revenue-of-2%5F57b-beats-by-10m?ref=bullished.co) — seekingalpha.com - [Equinix to Post Q3 Earnings: What's in Store for the Stock?](https://finance.yahoo.com/markets/stocks/articles/equinix-post-q3-earnings-whats-162900137.html?ref=bullished.co) — Yahoo Finance - [Equinix Inc. (NASDAQ:EQIX) : Ttab Cases :: Law360](https://www.law360.com/companies/equinix-inc/ttab%5Fcases?ref=bullished.co) — law360.com - [Equinix: Q3 Earnings Snapshot | 9news.com](https://www.9news.com/article/syndication/associatedpress/equinix-q3-earnings-snapshot/616-1bca2420-64f7-4a68-b245-f411d28c97db?ref=bullished.co) — Associated Press - [The Daily REITBeat | Monday, October 26th, 2026 (NYSE:AMT) | Seeking Alpha](https://seekingalpha.com/instablog/1723581-hoya-capital/6353202-the-daily-reitbeat-monday-october-26th-2026?ref=bullished.co) — seekingalpha.com ### More on Equinix - [Equinix Lifts 2026 Revenue Outlook A Third Straight Time As Bookings Reach $533 Million](https://www.bullished.co/equinix-lifts-2026-revenue-outlook-a-third-straight-time-as-bookings-reach-533-million-0b28501d/) [All Equinix (EQIX) coverage →](https://www.bullished.co/tag/eqix/)