Revenue
2.39 billion USD
2026 Q3 · USD
Exact inputs and evidence
- Revenue: 2387518000 USD Source
Fundies. English
PROLOGIS, INC.
EDGARAnnual consolidated revenue for 2025: about USD 8.79B, using the latest reported figures. The previous period, 2024, was about USD 8.202B.
Latest quarter
Operating margin
43.76%
2026 Q3 · %
Operating cash flow
1.76 billion USD
2026 Q3 · USD
- Cash and cash equivalents
- 2.27 billion USD Source
Exact value
2273000000 USD
- Long-term debt including current maturities
- 36.8 billion USD Source
Exact value
36832482000 USD
- Shares outstanding
- 950 million shares Source
Exact value
950396000 shares
Reported share-count change
2.34% · 21.7 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
9.36 billion USD
2025-10-01 – 2026-09-30
Net income
4.26 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
Operating cash flow
5.55 billion USD
2025-10-01 – 2026-09-30
Exact inputs and evidence
- Operating cash flow: 5008434000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 3850198000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 1288136000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 2635011000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 1288136000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 4392909000 USD · 2026-01-01 – 2026-09-30 Source
- Operating cash flow: 2635011000 USD · 2026-01-01 – 2026-06-30 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-30.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 10 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- capital expenditure: No compatible figures in this window
- Total assets: 10 of 11 periods available· newest 2025-12-31
- Total liabilities: 10 of 11 periods available· newest 2025-12-31
- current assets: No compatible figures in this window
- current liabilities: No compatible figures in this window
- Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
- Shares outstanding: 10 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+7.2%Prior period
USD 8.2 billion
–
Current period
USD 8.79 billion
–
Exact inputs and evidence
8790127000 − 8201610000 = 588517000 USD
8201610000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source8790127000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
-10.8%Prior period
USD 3.73 billion
–
Current period
USD 3.33 billion
–
Exact inputs and evidence
3328231000 − 3731635000 = -403404000 USD
3731635000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3328231000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+2%Prior period
USD 4.91 billion
–
Current period
USD 5.01 billion
–
Exact inputs and evidence
5008434000 − 4912209000 = 96225000 USD
4912209000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source5008434000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 8.79 billion 100% of revenue
- Operating costs Derived USD 4.43 billion 50% of revenue
- Operating income USD 4.36 billion 50% of revenue
- Tax, interest and other Derived USD 1.03 billion 12% of revenue
- Net income USD 3.33 billion 38% of revenue
Cash
- Operating cash flow USD 5.01 billion 57% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Net income was higher than operating income, so the split is not drawn.
- 2017 63%12%25%
- 2018 59%40%
- 2019 47%44%
- 2020 33%14%52%
- 2021 62%33%
- 2022 56%42%
- 2023 38%54%
- 2024 45%46%
- 2025 38%12%50%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 2533135000 | 1864757000 Derived | 668378000 | -541554000 Derived | 1209932000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 2618134000 | 664103000 Derived | 1954031000 | 301706000 Derived | 1652325000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 2804449000 | 1116451000 Derived | 1687998000 | 38637000 Derived | 1649361000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 3330621000 | 1480855000 Derived | 1849766000 | 276807000 Derived | 1572959000 | Unavailable | Source
|
| 2020 2020-01-01 – 2020-12-31 | 4438735000 | 2319791000 Derived | 2118944000 | 637130000 Derived | 1481814000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 4759440000 | 1552444000 Derived | 3206996000 | 267273000 Derived | 2939723000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 5973692000 | 2506154000 Derived | 3467538000 | 102682000 Derived | 3364856000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 8023469000 | 4315677000 Derived | 3707792000 | 648578000 Derived | 3059214000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 8201610000 | 3785690000 Derived | 4415920000 | 684285000 Derived | 3731635000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 8790127000 | 4432263000 Derived | 4357864000 | 1029633000 Derived | 3328231000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 8.8B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 2533135000 |
|
| 2017 | Revenue | 2618134000 |
|
| 2018 | Revenue | 2804449000 |
|
| 2019 | Revenue | 3330621000 |
|
| 2020 | Revenue | 4438735000 |
|
| 2021 | Revenue | 4759440000 |
|
| 2022 | Revenue | 5973692000 |
|
| 2023 | Revenue | 8023469000 |
|
| 2024 | Revenue | 8201610000 |
|
| 2025 | Revenue | 8790127000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
7.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | No prior comparable period |
|
| 2017 | Year over year | 3.4% |
|
| 2018 | Year over year | 7.1% |
|
| 2019 | Year over year | 18.8% |
|
| 2020 | Year over year | 33.3% |
|
| 2021 | Year over year | 7.2% |
|
| 2022 | Year over year | 25.5% |
|
| 2023 | Year over year | 34.3% |
|
| 2024 | Year over year | 2.2% |
|
| 2025 | Year over year | 7.2% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 49.6% 2025
Net margin 37.9% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 26.4% |
|
| 2017 | Operating margin | 74.6% |
|
| 2018 | Operating margin | 60.2% |
|
| 2019 | Operating margin | 55.5% |
|
| 2020 | Operating margin | 47.7% |
|
| 2021 | Operating margin | 67.4% |
|
| 2022 | Operating margin | 58% |
|
| 2023 | Operating margin | 46.2% |
|
| 2024 | Operating margin | 53.8% |
|
| 2025 | Operating margin | 49.6% |
|
| 2016 | Net margin | 47.8% |
|
| 2017 | Net margin | 63.1% |
|
| 2018 | Net margin | 58.8% |
|
| 2019 | Net margin | 47.2% |
|
| 2020 | Net margin | 33.4% |
|
| 2021 | Net margin | 61.8% |
|
| 2022 | Net margin | 56.3% |
|
| 2023 | Net margin | 38.1% |
|
| 2024 | Net margin | 45.5% |
|
| 2025 | Net margin | 37.9% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 5B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 1417005000 |
|
| 2017 | Operating cash flow | 1687246000 |
|
| 2018 | Operating cash flow | 1803559000 |
|
| 2019 | Operating cash flow | 2264034000 |
|
| 2020 | Operating cash flow | 2937005000 |
|
| 2021 | Operating cash flow | 2996042000 |
|
| 2022 | Operating cash flow | 4126430000 |
|
| 2023 | Operating cash flow | 5373058000 |
|
| 2024 | Operating cash flow | 4912209000 |
|
| 2025 | Operating cash flow | 5008434000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
41.5% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 39% |
|
| 2017 | Liabilities / assets | 36.6% |
|
| 2018 | Liabilities / assets | 32.8% |
|
| 2019 | Liabilities / assets | 34.9% |
|
| 2020 | Liabilities / assets | 35.2% |
|
| 2021 | Liabilities / assets | 35.5% |
|
| 2022 | Liabilities / assets | 34.2% |
|
| 2023 | Liabilities / assets | 37.8% |
|
| 2024 | Liabilities / assets | 38.5% |
|
| 2025 | Liabilities / assets | 41.5% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2018-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2019-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 1.21 billion Exact valueExact value: 1209932000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.42 billion Exact valueExact value: 1417005000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 1.65 billion Exact valueExact value: 1652325000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.69 billion Exact valueExact value: 1687246000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 1.65 billion Exact valueExact value: 1649361000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.8 billion Exact valueExact value: 1803559000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 1.57 billion Exact valueExact value: 1572959000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.26 billion Exact valueExact value: 2264034000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | USD 1.48 billion Exact valueExact value: 1481814000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.94 billion Exact valueExact value: 2937005000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 2.94 billion Exact valueExact value: 2939723000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3 billion Exact valueExact value: 2996042000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 3.36 billion Exact valueExact value: 3364856000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.13 billion Exact valueExact value: 4126430000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 3.06 billion Exact valueExact value: 3059214000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.37 billion Exact valueExact value: 5373058000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 3.73 billion Exact valueExact value: 3731635000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 4.91 billion Exact valueExact value: 4912209000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 3.33 billion Exact valueExact value: 3328231000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5.01 billion Exact valueExact value: 5008434000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
213 filings · 8,707 latest values · 8,707 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001045609, 1045609, PLD, PLDGP, edgar:1045609
Also known as AMB PROPERTY CORP, PROLOGIS, INC., Prologis, Inc.