Prologis annual operating margin
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2025
Prologis Operating Margin Growth & History (PLD)
Prologis's operating margin was 49.58% for fiscal 2025.
View full Prologis company overviewPrologis annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 49.58% | −4.27 pp |
| 2024 | 2024-12-31 | 53.84% | +7.63 pp |
| 2023 | 2023-12-31 | 46.21% | −11.83 pp |
| 2022 | 2022-12-31 | 58.05% | −9.33 pp |
| 2021 | 2021-12-31 | 67.38% | +19.64 pp |
| 2020 | 2020-12-31 | 47.74% | −7.80 pp |
| 2019 | 2019-12-31 | 55.54% | −4.65 pp |
| 2018 | 2018-12-31 | 60.19% | −14.44 pp |
| 2017 | 2017-12-31 | 74.63% | +48.25 pp |
| 2016 | 2016-12-31 | 26.39% | +9.08 pp |
| 2015 | 2015-12-31 | 17.30% | −0.86 pp |
| 2014 | 2014-12-31 | 18.16% | +0.77 pp |
| 2013 | 2013-12-31 | 17.39% | +12.65 pp |
| 2012 | 2012-12-31 | 4.74% | −1.92 pp |
| 2011 | 2011-12-31 | 6.67% | +79.69 pp |
| 2010 | 2010-12-31 | −73.03% | −68.69 pp |
| 2009 | 2009-12-31 | −4.34% | — |
Prologis quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 39.57% | −2.23 pp |
| Q1 2026 | 2026-03-31 | 52.71% | +11.65 pp |
| Q4 2025 | 2025-12-31 | 72.20% | +7.62 pp |
| Q3 2025 | 2025-09-30 | 42.47% | −18.96 pp |
| Q2 2025 | 2025-06-30 | 41.79% | −9.17 pp |
| Q1 2025 | 2025-03-31 | 41.05% | +4.24 pp |
| Q4 2024 | 2024-12-31 | 64.58% | +20.39 pp |
| Q3 2024 | 2024-09-30 | 61.43% | +15.36 pp |
| Q2 2024 | 2024-06-30 | 50.96% | −6.64 pp |
| Q1 2024 | 2024-03-31 | 36.82% | +4.08 pp |
| Q4 2023 | 2023-12-31 | 44.19% | −2.25 pp |
| Q3 2023 | 2023-09-30 | 46.07% | −6.19 pp |
| Q2 2023 | 2023-06-30 | 57.60% | +15.01 pp |
| Q1 2023 | 2023-03-31 | 32.74% | −66.17 pp |
| Q4 2022 | 2022-12-31 | 46.44% | −48.16 pp |
| Q3 2022 | 2022-09-30 | 52.26% | −12.46 pp |
| Q2 2022 | 2022-06-30 | 42.59% | −18.31 pp |
| Q1 2022 | 2022-03-31 | 98.91% | +52.56 pp |
| Q4 2021 | 2021-12-31 | 94.60% | +51.21 pp |
| Q3 2021 | 2021-09-30 | 64.72% | +13.32 pp |
| Q2 2021 | 2021-06-30 | 60.90% | +12.56 pp |
| Q1 2021 | 2021-03-31 | 46.35% | −1.50 pp |
| Q4 2020 | 2020-12-31 | 43.40% | −24.36 pp |
| Q3 2020 | 2020-09-30 | 51.40% | +1.36 pp |
| Q2 2020 | 2020-06-30 | 48.34% | −7.59 pp |
| Q1 2020 | 2020-03-31 | 47.85% | −0.93 pp |
| Q4 2019 | 2019-12-31 | 67.75% | −6.42 pp |
| Q3 2019 | 2019-09-30 | 50.04% | −4.99 pp |
| Q2 2019 | 2019-06-30 | 55.93% | +10.61 pp |
| Q1 2019 | 2019-03-31 | 48.78% | −13.53 pp |
| Q4 2018 | 2018-12-31 | 74.17% | +48.62 pp |
| Q3 2018 | 2018-09-30 | 55.04% | +25.93 pp |
| Q2 2018 | 2018-06-30 | 45.32% | +9.39 pp |
| Q1 2018 | 2018-03-31 | 62.31% | +36.58 pp |
| Q4 2017 | 2017-12-31 | 25.55% | −0.93 pp |
| Q3 2017 | 2017-09-30 | 29.11% | −3.91 pp |
| Q2 2017 | 2017-06-30 | 35.93% | +12.29 pp |
| Q1 2017 | 2017-03-31 | 25.73% | +4.42 pp |
| Q4 2016 | 2016-12-31 | 26.48% | +10.07 pp |
| Q3 2016 | 2016-09-30 | 33.02% | +15.21 pp |
| Q2 2016 | 2016-06-30 | 23.64% | +6.53 pp |
| Q1 2016 | 2016-03-31 | 21.31% | +3.19 pp |
| Q4 2015 | 2015-12-31 | 16.41% | −0.21 pp |
| Q3 2015 | 2015-09-30 | 17.81% | −1.01 pp |
| Q2 2015 | 2015-06-30 | 17.11% | −3.59 pp |
| Q1 2015 | 2015-03-31 | 18.12% | +1.68 pp |
| Q4 2014 | 2014-12-31 | 16.62% | +0.26 pp |
| Q3 2014 | 2014-09-30 | 18.82% | +0.52 pp |
| Q2 2014 | 2014-06-30 | 20.71% | +6.46 pp |
| Q1 2014 | 2014-03-31 | 16.44% | −3.78 pp |
| Q4 2013 | 2013-12-31 | 16.37% | +48.48 pp |
| Q3 2013 | 2013-09-30 | 18.29% | +2.77 pp |
| Q2 2013 | 2013-06-30 | 14.25% | −5.57 pp |
| Q1 2013 | 2013-03-31 | 20.22% | +2.85 pp |
| Q4 2012 | 2012-12-31 | −32.12% | −42.99 pp |
| Q3 2012 | 2012-09-30 | 15.52% | −1.42 pp |
| Q2 2012 | 2012-06-30 | 19.81% | +36.19 pp |
| Q1 2012 | 2012-03-31 | 17.37% | +5.24 pp |
| Q4 2011 | 2011-12-31 | 10.87% | +304.70 pp |
| Q3 2011 | 2011-09-30 | 16.94% | +1.98 pp |
| Q2 2011 | 2011-06-30 | −16.38% | −31.42 pp |
| Q1 2011 | 2011-03-31 | 12.13% | −0.67 pp |
| Q4 2010 | 2010-12-31 | −293.83% | — |
| Q3 2010 | 2010-09-30 | 14.96% | — |
| Q2 2010 | 2010-06-30 | 15.04% | — |
| Q1 2010 | 2010-03-31 | 12.80% | — |
Prologis operating margin trends
Over the last five fiscal years, Prologis's operating margin increased from 47.74% to 49.58%, a change of +1.84 percentage points. The latest reported quarter, Q2 2026, shows 39.57%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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