Prologis, Inc. (PLDGP) stock
PLDGPOTCReal Estate Investment TrustsFiscal year ends December 31Also trades as PLD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 11/3013% above fair value
$50.45−0.04 (-0.08%)
Close on Oct 19, 2026Market cap $119.42BP/E 28.5Yield 3.16%
Prologis operating margin
Operating margin is operating income as a percentage of revenue.
Prologis's operating margin for the twelve months ending Jun 30, 2026 was 54.7%. For fiscal 2025 it was 49.6%, against 53.8% the year before. The highest annual figure on record is 74.6% in fiscal 2017.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 49.6% | −4.3 |
| FY2024 | Dec 31, 2024 | 53.8% | +7.6 |
| FY2023 | Dec 31, 2023 | 46.2% | −11.8 |
| FY2022 | Dec 31, 2022 | 58.0% | −9.3 |
| FY2021 | Dec 31, 2021 | 67.4% | +19.6 |
| FY2020 | Dec 31, 2020 | 47.7% | −7.8 |
| FY2019 | Dec 31, 2019 | 55.5% | −4.7 |
| FY2018 | Dec 31, 2018 | 60.2% | −14.4 |
| FY2017 | Dec 31, 2017 | 74.6% | +48.2 |
| FY2016 | Dec 31, 2016 | 26.4% | +9.1 |
| FY2015 | Dec 31, 2015 | 17.3% | −0.9 |
| FY2014 | Dec 31, 2014 | 18.2% | +0.8 |
| FY2013 | Dec 31, 2013 | 17.4% | +12.6 |
| FY2012 | Dec 31, 2012 | 4.7% | −1.9 |
| FY2011 | Dec 31, 2011 | 6.7% | +79.7 |
| FY2010 | Dec 31, 2010 | -73.0% | −68.7 |
| FY2009 | Dec 31, 2009 | -4.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 51.6% | +9.8 |
| Q1 FY2026 | Mar 31, 2026 | 52.7% | +11.7 |
| Q4 FY2025 | Dec 31, 2025 | 72.2% | +7.6 |
| Q3 FY2025 | Sep 30, 2025 | 42.5% | −19.0 |
| Q2 FY2025 | Jun 30, 2025 | 41.8% | −9.2 |
| Q1 FY2025 | Mar 31, 2025 | 41.1% | +4.2 |
| Q4 FY2024 | Dec 31, 2024 | 64.6% | +20.4 |
| Q3 FY2024 | Sep 30, 2024 | 61.4% | +15.4 |
| Q2 FY2024 | Jun 30, 2024 | 51.0% | −6.6 |
| Q1 FY2024 | Mar 31, 2024 | 36.8% | +4.1 |
| Q4 FY2023 | Dec 31, 2023 | 44.2% | −2.3 |
| Q3 FY2023 | Sep 30, 2023 | 46.1% | −6.2 |
| Q2 FY2023 | Jun 30, 2023 | 57.6% | +15.0 |
| Q1 FY2023 | Mar 31, 2023 | 32.7% | −66.2 |
| Q4 FY2022 | Dec 31, 2022 | 46.4% | −48.2 |
| Q3 FY2022 | Sep 30, 2022 | 52.3% | −12.5 |
| Q2 FY2022 | Jun 30, 2022 | 42.6% | −18.3 |
| Q1 FY2022 | Mar 31, 2022 | 98.9% | +52.6 |
| Q4 FY2021 | Dec 31, 2021 | 94.6% | +51.2 |
| Q3 FY2021 | Sep 30, 2021 | 64.7% | +13.3 |
| Q2 FY2021 | Jun 30, 2021 | 60.9% | +12.6 |
| Q1 FY2021 | Mar 31, 2021 | 46.3% | −1.5 |
| Q4 FY2020 | Dec 31, 2020 | 43.4% | −24.4 |
| Q3 FY2020 | Sep 30, 2020 | 51.4% | +1.4 |
| Q2 FY2020 | Jun 30, 2020 | 48.3% | −7.6 |
| Q1 FY2020 | Mar 31, 2020 | 47.8% | −0.9 |
| Q4 FY2019 | Dec 31, 2019 | 67.8% | −6.4 |
| Q3 FY2019 | Sep 30, 2019 | 50.0% | −5.0 |
| Q2 FY2019 | Jun 30, 2019 | 55.9% | +10.6 |
| Q1 FY2019 | Mar 31, 2019 | 48.8% | −13.5 |
| Q4 FY2018 | Dec 31, 2018 | 74.2% | +48.6 |
| Q3 FY2018 | Sep 30, 2018 | 55.0% | +25.9 |
| Q2 FY2018 | Jun 30, 2018 | 45.3% | +9.4 |
| Q1 FY2018 | Mar 31, 2018 | 62.3% | +36.6 |
| Q4 FY2017 | Dec 31, 2017 | 25.6% | −0.9 |
| Q3 FY2017 | Sep 30, 2017 | 29.1% | −3.9 |
| Q2 FY2017 | Jun 30, 2017 | 35.9% | – |
| Q1 FY2017 | Mar 31, 2017 | 25.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 26.5% | – |
| Q3 FY2016 | Sep 30, 2016 | 33.0% | – |