How has Equinix's gross profit margin evolved since 2022?

Equinix's gross profit margin has shown a general upward trend since 2022, with some fluctuations. The margin started at 47.2% on March 31, 2022, and gradually increased to 49.65% by the end of Q1 2023. However, it experienced a slight dip to 48.54% by the end of Q2 2023, and then further decreased to 48.4% by the end of Q3 2023. The trend reversed again, with the margin increasing to 48.37% by the end of Q4 2023, and then reaching 49.3% by the end of Q1 2024. The most recent data shows a slight decrease to 48.94% by the end of Q4 2024.

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|EQIX|EQIX.O|Equinix|2022 Q1|47.195|-4.024289307945888|185|
|EQIX|EQIX.O|Equinix|2022 Q2|48.0197|-0.9566141058298165|185|
|EQIX|EQIX.O|Equinix|2022 Q3|48.4298|0.8452041587626216|185|
|EQIX|EQIX.O|Equinix|2022 Q4|48.3485|1.4248163912623042|185|
|EQIX|EQIX.O|Equinix|2023 Q1|49.6504|5.202669774340497|185|
|EQIX|EQIX.O|Equinix|2023 Q2|48.5415|1.0866373592504721|185|
|EQIX|EQIX.O|Equinix|2023 Q3|48.403|-0.05533782918781719|185|
|EQIX|EQIX.O|Equinix|2023 Q4|48.3685|0.041366329875789365|185|
|EQIX|EQIX.O|Equinix|2024 Q1|48.7071|-1.899883988850041|185|
|EQIX|EQIX.O|Equinix|2024 Q2|49.3|1.5625804723793002|185|