Prologis, Inc. (PLD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 2.3B | 2.25B | 2.21B | 2.18B | 2.14B | 2.2B | 2.04B | 2.01B | 1.96B | 1.89B | 1.91B | 2.45B | 1.77B | 1.75B | 1.75B | 1.25B | 1.22B | 1.28B | 1.18B | 1.15B |
| Revenue Growth % | 7.39% | 2.37% | 8.72% | 8.76% | 9.36% | 16.48% | 6.36% | -18.08% | 10.63% | 7.86% | 9.35% | 95.75% | 45.07% | 37.14% | 48% | 8.8% | 6.17% | 14.9% | 9.26% | -9.11% |
| Property Operating Expenses | 2.07B | 1.25B | 1.2B | 552.88M | 549.09M | 519.63M | 488.77M | 515.77M | 533.07M | 487.08M | 500.14M | 538.84M | 484.26M | 438.83M | 415.26M | 327.52M | 327.49M | 321.93M | 309M | 290.23M |
| Net Operating Income (NOI) | 232.54M | 1.01B | 1.01B | 1.63B | 1.59B | 1.68B | 1.55B | 1.49B | 1.42B | 1.4B | 1.41B | 1.91B | 1.28B | 1.31B | 1.34B | 924.56M | 891.64M | 955.31M | 874.05M | 860.61M |
| NOI Margin % | 10.12% | 44.62% | 45.71% | 74.68% | 74.34% | 76.39% | 76% | 74.31% | 72.76% | 74.22% | 73.88% | 78.02% | 72.62% | 74.95% | 76.28% | 73.84% | 73.14% | 74.8% | 73.88% | 74.78% |
| Operating Expenses | -594.49M | 152.83M | 119.39M | 718.28M | 712.16M | 259.75M | 296.65M | 468.85M | 703.2M | 567.31M | 532.41M | 500.34M | 705.28M | 499.31M | 420.66M | 391.25M | -314.16M | -252.97M | 108.39M | 159.74M |
| G&A Expenses | 0 | 136.88M | 119.39M | 106.87M | 114.7M | 102.72M | 98.15M | 106.6M | 111.29M | 98.31M | 96.67M | 95.65M | 99.78M | 85.42M | 87.9M | 83.11M | 74.65M | 73.82M | 66.97M | 74.34M |
| EBITDA | 1.56B | 1.52B | 1.54B | 1.57B | 1.53B | 2.08B | 1.9B | 1.66B | 1.36B | 1.47B | 1.52B | 2.01B | 1.18B | 1.43B | 1.32B | 935.63M | 1.6B | 1.61B | 1.16B | 1.09B |
| EBITDA Margin % | 67.83% | 67.52% | 69.59% | 71.89% | 71.53% | 94.41% | 93.31% | 82.7% | 69.4% | 77.98% | 79.6% | 82.17% | 66.8% | 81.4% | 75.19% | 74.73% | 131.44% | 125.67% | 97.75% | 95.03% |
| Depreciation & Amortization | 731.51M | 668.75M | 648M | 657.22M | 652.06M | 656.44M | 649.26M | 637.3M | 637.5M | 638.35M | 642.01M | 602.17M | 602.37M | 612.37M | 401.45M | 402.31M | 396.65M | 396.82M | 390.81M | 392.74M |
| D&A / Revenue % | 31.84% | 29.69% | 29.27% | 30.09% | 30.47% | 29.83% | 31.88% | 31.74% | 32.58% | 33.79% | 33.53% | 24.57% | 34.06% | 34.96% | 22.93% | 32.13% | 32.54% | 31.07% | 33.03% | 34.13% |
| Operating Income | 827.03M | 852.36M | 892.59M | 912.71M | 878.41M | 1.42B | 1.25B | 1.02B | 720.36M | 834.85M | 882.11M | 1.41B | 579.04M | 813.45M | 914.97M | 533.32M | 1.21B | 1.21B | 765.66M | 700.87M |
| Operating Margin % | 35.99% | 37.84% | 40.32% | 41.79% | 41.05% | 64.58% | 61.43% | 50.96% | 36.82% | 44.19% | 46.07% | 57.6% | 32.74% | 46.44% | 52.26% | 42.59% | 98.91% | 94.6% | 64.72% | 60.9% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 5.30x | 6.24x | 4.39x | 3.56x | 3.94x | 7.96x | 5.64x | 5.58x | 4.44x | 5.08x | 5.64x | 10.07x | 4.90x | 7.15x | 18.34x | 12.55x | 20.51x | 22.06x | 14.47x | 11.22x |
| Non-Operating Income | -520.04M | -774.12M | -241.48M | 15.14M | -36.49M | -213.09M | -46.81M | -139.49M | -136.25M | -51.25M | -139.33M | -96.75M | -87.66M | 72.03M | -256.76M | -223.25M | -107.14M | -179.25M | -155.14M | -67.05M |
| Pretax Income | 1.09B | 1.56B | 875.79M | 645.71M | 682.9M | 1.43B | 1.07B | 954.56M | 663.61M | 734.38M | 840.38M | 1.36B | 530.7M | 637.75M | 1.11B | 696.27M | 1.25B | 1.34B | 857.17M | 699.51M |
| Pretax Margin % | 47.56% | 69.47% | 39.56% | 29.57% | 31.92% | 64.94% | 52.43% | 47.54% | 33.92% | 38.87% | 43.89% | 55.44% | 30.01% | 36.41% | 63.27% | 55.61% | 102.45% | 104.97% | 72.45% | 60.78% |
| Income Tax | 47.97M | 82.69M | 54.53M | 23.41M | 43.38M | 86.87M | 4.21M | 43.06M | 32.8M | 58.5M | 41.24M | 79.23M | 32.07M | 17.69M | 38.67M | 49.83M | 29.22M | 39.91M | 59.44M | 49.2M |
| Effective Tax Rate % | 4.39% | 5.28% | 6.23% | 3.62% | 6.35% | 6.08% | 0.39% | 4.51% | 4.94% | 7.97% | 4.91% | 5.83% | 6.04% | 2.77% | 3.49% | 7.16% | 2.34% | 2.98% | 6.93% | 7.03% |
| Net Income | 981.98M | 1.4B | 764.27M | 571.23M | 592.95M | 1.28B | 1.01B | 861.35M | 585.72M | 630.94M | 747.63M | 1.22B | 464.62M | 587.21M | 1.02B | 611.39M | 1.15B | 1.25B | 723.54M | 600.18M |
| Net Margin % | 42.74% | 62.14% | 34.52% | 26.16% | 27.71% | 58.11% | 49.39% | 42.9% | 29.94% | 33.4% | 39.05% | 49.61% | 26.27% | 33.52% | 58% | 48.83% | 94.39% | 97.76% | 61.16% | 52.15% |
| Net Income Growth % | 65.61% | 9.46% | -24.01% | -33.68% | 1.24% | 102.69% | 34.52% | -29.17% | 26.06% | 7.45% | -26.38% | 98.89% | -59.63% | -52.97% | 40.35% | 1.87% | 213.27% | 342.95% | 139.03% | 47.76% |
| Funds From Operations (FFO) | 1.71B | 2.07B | 1.41B | 1.23B | 1.25B | 1.94B | 1.65B | 1.5B | 1.22B | 1.27B | 1.39B | 1.82B | 1.07B | 1.2B | 1.42B | 1.01B | 1.55B | 1.65B | 1.11B | 992.91M |
| FFO Margin % | 74.57% | 91.82% | 63.79% | 56.25% | 58.19% | 87.94% | 81.27% | 74.64% | 62.52% | 67.18% | 72.58% | 74.18% | 60.33% | 68.49% | 80.93% | 80.96% | 126.93% | 128.83% | 94.19% | 86.28% |
| FFO Growth % | 37.63% | 6.88% | -14.67% | -18.03% | 1.78% | 52.47% | 19.09% | -17.57% | 14.64% | 5.81% | -1.93% | 79.36% | -31.05% | -27.1% | 27.15% | 2.09% | 102.3% | 135.42% | 58.42% | 23.44% |
| FFO per Share | 1.79 | 2.16 | 1.48 | 1.28 | 1.30 | 2.03 | 1.74 | 1.57 | 1.28 | 1.33 | 1.42 | 1.87 | 1.09 | 1.27 | 1.85 | 1.32 | 2.02 | 2.15 | 1.46 | 1.30 |
| FFO Payout Ratio % | 59.89% | 45.54% | 66.65% | 76.65% | 75.49% | 46.14% | 53.95% | 59.57% | 72.91% | 63.7% | 58.02% | 44.4% | 75.59% | 61.02% | 41.47% | 57.98% | 37.96% | 28.47% | 42.01% | 47.15% |
| EPS (Diluted) | 1.05 | 1.49 | 0.82 | 0.60 | 0.63 | 1.37 | 1.08 | 0.90 | 0.63 | 0.68 | 0.77 | 1.25 | 0.49 | 0.63 | 1.33 | 0.80 | 1.50 | 1.70 | 0.97 | 0.81 |
| EPS Growth % | 66.67% | 8.76% | -24.07% | -33.33% | 0% | 101.47% | 40.26% | -28% | 28.57% | 7.94% | -42.11% | 56.25% | -67.33% | -62.94% | 37.11% | -1.23% | 206.12% | 325% | 142.5% | 50% |
| EPS (Basic) | 1.05 | 1.49 | 0.82 | 0.61 | 0.65 | 1.38 | 1.08 | 0.93 | 0.63 | 0.68 | 0.79 | 1.28 | 0.49 | 0.65 | 1.37 | 0.83 | 1.55 | 1.76 | 0.98 | 0.81 |
| Diluted Shares Outstanding | 957.56M | 958.02M | 956.6M | 956.14M | 956.08M | 953.59M | 953.81M | 953.2M | 953.91M | 952.4M | 975.24M | 974.84M | 975.32M | 946.95M | 766.37M | 766.07M | 765.52M | 764.76M | 764.95M | 764.65M |