v3.25.4
Segment Information - Schedule of Adjusted EBITDA (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenues $ 9,217 $ 8,748 $ 8,188
Segment cost of revenues 2,959 2,983 2,870
Other segment items 1,728 1,668 1,616
Segment adjusted EBITDA 4,530 4,097 3,702
Depreciation, amortization and accretion expense (2,066) (2,011) (1,844)
Stock-based compensation expense (498) (462) (407)
Transaction costs (18) (50) (13)
Restructuring and other exit charges (33) (31) 0
Impairment charges (68) (233) 0
Gain (loss) on asset sales 1 18 5
Interest income 193 137 94
Interest expense (527) (457) (402)
Other income (expense) 7 17 11
Gain (loss) on debt extinguishment 1 (16) 0
Income before income taxes 1,508 975 1,124
U.S.      
Segment Reporting Information [Line Items]      
Revenues 3,600 3,300 3,100
UNITED KINGDOM      
Segment Reporting Information [Line Items]      
Revenues     822
Recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 8,739 8,184 7,745
Colocation      
Segment Reporting Information [Line Items]      
Revenues 6,475 6,058 5,765
Interconnection      
Segment Reporting Information [Line Items]      
Revenues 1,655 1,519 1,395
Managed infrastructure      
Segment Reporting Information [Line Items]      
Revenues 466 467 452
Other      
Segment Reporting Information [Line Items]      
Revenues 143 140 133
Non-recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 478 564 443
Americas      
Segment Reporting Information [Line Items]      
Revenues 4,111 3,862 3,617
Segment cost of revenues 1,179 1,158 1,047
Other segment items 1,042 995 956
Segment adjusted EBITDA 1,890 1,709 1,614
Americas | Recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 3,889 3,647 3,457
Americas | Colocation      
Segment Reporting Information [Line Items]      
Revenues 2,683 2,474 2,364
Americas | Interconnection      
Segment Reporting Information [Line Items]      
Revenues 944 885 821
Americas | Managed infrastructure      
Segment Reporting Information [Line Items]      
Revenues 245 261 250
Americas | Other      
Segment Reporting Information [Line Items]      
Revenues 17 27 22
Americas | Non-recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 222 215 160
EMEA      
Segment Reporting Information [Line Items]      
Revenues 3,130 2,967 2,838
Segment cost of revenues 1,155 1,190 1,199
Other segment items 414 399 388
Segment adjusted EBITDA 1,561 1,378 1,251
EMEA | Recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 2,993 2,812 2,648
EMEA | Colocation      
Segment Reporting Information [Line Items]      
Revenues 2,346 2,235 2,112
EMEA | Interconnection      
Segment Reporting Information [Line Items]      
Revenues 385 340 308
EMEA | Managed infrastructure      
Segment Reporting Information [Line Items]      
Revenues 152 138 130
EMEA | Other      
Segment Reporting Information [Line Items]      
Revenues 110 99 98
EMEA | Non-recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 137 155 190
Asia-Pacific      
Segment Reporting Information [Line Items]      
Revenues 1,976 1,919 1,733
Segment cost of revenues 625 635 624
Other segment items 272 274 272
Segment adjusted EBITDA 1,079 1,010 837
Asia-Pacific | Recurring revenues      
Segment Reporting Information [Line Items]      
Revenues 1,857 1,725 1,640
Asia-Pacific | Colocation      
Segment Reporting Information [Line Items]      
Revenues 1,446 1,349 1,289
Asia-Pacific | Interconnection      
Segment Reporting Information [Line Items]      
Revenues 326 294 266
Asia-Pacific | Managed infrastructure      
Segment Reporting Information [Line Items]      
Revenues 69 68 72
Asia-Pacific | Other      
Segment Reporting Information [Line Items]      
Revenues 16 14 13
Asia-Pacific | Non-recurring revenues      
Segment Reporting Information [Line Items]      
Revenues $ 119 $ 194 $ 93