The Filings Report

Prologis, Inc.

PLDNYSECIK 1045609Real Estate / REITsfiscal year ends December64 quarters since 2010

Revenue, Q1 FY2026
$2.3B
+7.4% on Q1 FY2025
Net income
$982M
+65.6% on Q1 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$1.05
+66.7% on Q1 FY2025
Revenue, TTM
$8.9B
trailing four quarters
Net margin, TTM
41.5%
net income $3.7B
Free cash flow, TTM
—
Cash and equivalents
$861M
long-term debt $34.7B, Mar 31, 2026
Shares, 12-month change
+0.5%
932M shares, Mar 31, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$3.8B
3.2% of market value
Market value
$119.3B
at the close, buybacks

Latest quarter Q1 FY2026, filed April 30, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q1 FY2026, the quarter ended March 31, 2026, Prologis, Inc. reported revenue of $2.3B, +7.4% on Q1 FY2025, and net income of $982M (+65.6%). Operating margin was 52.7%. Diluted earnings per share were $1.05.

The last 16 quarters

Q2 FY2022 to Q1 FY2026, through the filing of April 30, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3BQ2'22, Revenue: $1.3BQ2'22, Net income: $611MQ2'22Q3'22, Revenue: $1.8BQ3'22, Net income: $1.0BQ3'22Q4'22, Revenue: $1.8BQ4'22, Net income: $587MQ4'22Q1'23, Revenue: $1.8BQ1'23, Net income: $465MQ1'23Q2'23, Revenue: $2.5BQ2'23, Net income: $1.2BQ2'23Q3'23, Revenue: $1.9BQ3'23, Net income: $748MQ3'23Q4'23, Revenue: $1.9BQ4'23, Net income: $631MQ4'23Q1'24, Revenue: $2.0BQ1'24, Net income: $586MQ1'24Q2'24, Revenue: $2.0BQ2'24, Net income: $861MQ2'24Q3'24, Revenue: $2.0BQ3'24, Net income: $1.0BQ3'24Q4'24, Revenue: $2.2BQ4'24, Net income: $1.3BQ4'24Q1'25, Revenue: $2.1BQ1'25, Net income: $593MQ1'25Q2'25, Revenue: $2.2BQ2'25, Net income: $571MQ2'25Q3'25, Revenue: $2.2BQ3'25, Net income: $764MQ3'25Q4'25, Revenue: $2.3BQ4'25, Net income: $1.4BQ4'25Q1'26, Revenue: $2.3BQ1'26, Net income: $982MQ1'26$0$1B$2B$3BQ2'22, Revenue: $1.3BQ2'22, Net income: $611MQ3'22, Revenue: $1.8BQ3'22, Net income: $1.0BQ3'22Q4'22, Revenue: $1.8BQ4'22, Net income: $587MQ1'23, Revenue: $1.8BQ1'23, Net income: $465MQ1'23Q2'23, Revenue: $2.5BQ2'23, Net income: $1.2BQ3'23, Revenue: $1.9BQ3'23, Net income: $748MQ3'23Q4'23, Revenue: $1.9BQ4'23, Net income: $631MQ1'24, Revenue: $2.0BQ1'24, Net income: $586MQ1'24Q2'24, Revenue: $2.0BQ2'24, Net income: $861MQ3'24, Revenue: $2.0BQ3'24, Net income: $1.0BQ3'24Q4'24, Revenue: $2.2BQ4'24, Net income: $1.3BQ1'25, Revenue: $2.1BQ1'25, Net income: $593MQ1'25Q2'25, Revenue: $2.2BQ2'25, Net income: $571MQ3'25, Revenue: $2.2BQ3'25, Net income: $764MQ3'25Q4'25, Revenue: $2.3BQ4'25, Net income: $1.4BQ1'26, Revenue: $2.3BQ1'26, Net income: $982MQ1'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$10B$20B$30B$40BQ2'22, Cash and equivalents: $438MQ2'22, Long-term debt: $18.0BQ2'22Q3'22, Cash and equivalents: $636MQ3'22, Long-term debt: $18.1BQ3'22Q4'22, Cash and equivalents: $278MQ4'22, Long-term debt: $23.9BQ4'22Q1'23, Cash and equivalents: $523MQ1'23, Long-term debt: $25.2BQ1'23Q2'23, Cash and equivalents: $531MQ2'23, Long-term debt: $28.1BQ2'23Q3'23, Cash and equivalents: $741MQ3'23, Long-term debt: $27.6BQ3'23Q4'23, Cash and equivalents: $530MQ4'23, Long-term debt: $29.0BQ4'23Q1'24, Cash and equivalents: $501MQ1'24, Long-term debt: $29.6BQ1'24Q2'24, Cash and equivalents: $598MQ2'24, Long-term debt: $29.9BQ2'24Q3'24, Cash and equivalents: $781MQ3'24, Long-term debt: $32.3BQ3'24Q4'24, Cash and equivalents: $1.3BQ4'24, Long-term debt: $30.9BQ4'24Q1'25, Cash and equivalents: $671MQ1'25, Long-term debt: $32.3BQ1'25Q2'25, Cash and equivalents: $1.1BQ2'25, Long-term debt: $34.7BQ2'25Q3'25, Cash and equivalents: $1.2BQ3'25, Long-term debt: $35.3BQ3'25Q4'25, Cash and equivalents: $1.1BQ4'25, Long-term debt: $35.0BQ4'25Q1'26, Cash and equivalents: $861MQ1'26, Long-term debt: $34.7BQ1'26$0$10B$20B$30B$40BQ2'22, Cash and equivalents: $438MQ2'22, Long-term debt: $18.0BQ3'22, Cash and equivalents: $636MQ3'22, Long-term debt: $18.1BQ3'22Q4'22, Cash and equivalents: $278MQ4'22, Long-term debt: $23.9BQ1'23, Cash and equivalents: $523MQ1'23, Long-term debt: $25.2BQ1'23Q2'23, Cash and equivalents: $531MQ2'23, Long-term debt: $28.1BQ3'23, Cash and equivalents: $741MQ3'23, Long-term debt: $27.6BQ3'23Q4'23, Cash and equivalents: $530MQ4'23, Long-term debt: $29.0BQ1'24, Cash and equivalents: $501MQ1'24, Long-term debt: $29.6BQ1'24Q2'24, Cash and equivalents: $598MQ2'24, Long-term debt: $29.9BQ3'24, Cash and equivalents: $781MQ3'24, Long-term debt: $32.3BQ3'24Q4'24, Cash and equivalents: $1.3BQ4'24, Long-term debt: $30.9BQ1'25, Cash and equivalents: $671MQ1'25, Long-term debt: $32.3BQ1'25Q2'25, Cash and equivalents: $1.1BQ2'25, Long-term debt: $34.7BQ3'25, Cash and equivalents: $1.2BQ3'25, Long-term debt: $35.3BQ3'25Q4'25, Cash and equivalents: $1.1BQ4'25, Long-term debt: $35.0BQ1'26, Cash and equivalents: $861MQ1'26, Long-term debt: $34.7BQ1'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Prologis, Inc. income statement, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 14, 2025Q3 FY2024ended Sep 30, 2024filed Oct 25, 2024Q2 FY2024ended Jun 30, 2024filed Jul 26, 2024YoYQ1 FY2026vs Q1 FY2025
Revenue2,2982,2532,2142,1842,1402,2012,0362,008+7.4%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative12713711110711510398107+10.6%
Operating income1,2111,6269409138781,4211,2511,023+37.9%
Other income (expense)(118)(62)(64)(267)(196)8(183)(69)+39.5%
Pretax income1,0931,5658766466831,4291,068955+60.0%
Income tax488355234387443+10.6%
Net income9821,4007645715931,2791,006861+65.6%
Diluted EPS ($)1.051.490.820.610.631.371.080.92+66.7%
Diluted shares (millions)958—957956956—954953—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Prologis, Inc. balance sheet, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 14, 2025Q3 FY2024ended Sep 30, 2024filed Oct 25, 2024Q2 FY2024ended Jun 30, 2024filed Jul 26, 2024YoYQ1 FY2026vs Q1 FY2025
Cash and equivalents8611,1461,1861,0666711,319781598+28.3%
Short-term investments—————————
Total current assets—————————
Total assets98,13398,72498,34197,71795,99395,32995,90593,537+2.2%
Total current liabilities—————————
Long-term debt34,67035,03735,30334,66732,26230,87932,29029,905+7.5%
Total liabilities40,18540,97041,12940,41037,91836,71238,24135,614+6.0%
Stockholders’ equity53,50353,19352,63652,72953,46753,95153,07253,345+0.1%
Shares outstanding (millions)932930929928928927926926—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Prologis, Inc. cash flow statement, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 13, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 30, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 14, 2025Q3 FY2024ended Sep 30, 2024filed Oct 25, 2024Q2 FY2024ended Jun 30, 2024filed Jul 26, 2024YoYQ1 FY2026vs Q1 FY2025
Operating cash flow1,2881,1581,4481,2421,1611,3351,4351,086+11.0%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization732669648657652656649637+12.2%
Share repurchases—————————
Dividends paid1,001942941942940893893893+6.5%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 13, 2026.

Income statement

Prologis, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 14, 2025FY2023ended Dec 31, 2023filed Feb 13, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 9, 2022FY2020ended Dec 31, 2020filed Feb 11, 2021FY2019ended Dec 31, 2019filed Feb 11, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 15, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 19, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 29, 2012FY2010ended Dec 31, 2010filed Sep 8, 2011FY2009ended Dec 31, 2009filed Sep 8, 2011
Revenue8,7908,2028,0235,9744,7594,4393,3312,8042,6182,533———————
Cost of revenue—————————————————
Gross profit—————————————————
Research and development—————————————————
Selling, general and administrative469419390331293275267239231222217229229228195166192
Operating income4,3584,4163,7083,4683,2072,1191,8501,6881,9546683803203049395(614)(45)
Other income (expense)(589)(301)(244)223116(372)(73)198(138)67956839432(196)(368)(1,018)(305)
Pretax income3,7694,1153,4643,6913,3231,7471,7761,8861,8161,347949714336(103)(273)(1,632)—
Income tax2041672111351741307563555523(26)107(4)2(30)6
Net income3,3283,7323,0593,3652,9401,4821,5731,6491,6521,210869636343(40)(153)(1,270)23
Diluted EPS ($)3.564.013.294.253.942.012.462.873.062.271.641.240.64(0.18)(0.51)(5.90)(0.01)
Diluted shares (millions)957954952812765754655590552547534506492462372220180

Balance sheet

Prologis, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 14, 2025FY2023ended Dec 31, 2023filed Feb 13, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 9, 2022FY2020ended Dec 31, 2020filed Feb 11, 2021FY2019ended Dec 31, 2019filed Feb 11, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 15, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 19, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 29, 2012FY2010ended Dec 31, 2010filed Sep 8, 2011FY2009ended Dec 31, 2009filed Sep 8, 2011
Cash and equivalents1,1461,3195302785565981,0893444478072643514911011763834
Short-term investments—————————————————
Total current assets—————————————————
Total assets98,72495,32993,02187,89758,48656,06540,03238,41829,48130,25031,39525,77524,57227,31027,72414,903—
Total current liabilities—————————————————
Long-term debt35,03730,87929,00123,87621516,84911,90611,0909,41310,60811,6279,3379,01111,79111——
Total liabilities40,97036,71235,19730,03420,74419,74013,96012,61710,77511,79212,97410,59110,39613,53713,2687,382—
Stockholders’ equity53,19353,95153,18253,23733,42731,97222,65322,29815,63114,99114,66813,97613,71113,06913,6627,505—
Shares outstanding (millions)930927925923740740739630533529525512500463459169—

Cash flow statement

Prologis, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 13, 2026FY2024ended Dec 31, 2024filed Feb 14, 2025FY2023ended Dec 31, 2023filed Feb 13, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 9, 2022FY2020ended Dec 31, 2020filed Feb 11, 2021FY2019ended Dec 31, 2019filed Feb 11, 2020FY2018ended Dec 31, 2018filed Feb 13, 2019FY2017ended Dec 31, 2017filed Feb 15, 2018FY2016ended Dec 31, 2016filed Feb 15, 2017FY2015ended Dec 31, 2015filed Feb 19, 2016FY2014ended Dec 31, 2014filed Feb 25, 2015FY2013ended Dec 31, 2013filed Feb 26, 2014FY2012ended Dec 31, 2012filed Feb 28, 2013FY2011ended Dec 31, 2011filed Feb 29, 2012FY2010ended Dec 31, 2010filed Sep 8, 2011FY2009ended Dec 31, 2009filed Sep 8, 2011
Operating cash flow5,0084,9125,3734,1262,9962,9372,2641,8041,6871,417—70548546320724189
Capital expenditures—————————————————
Free cash flow (CFO − capex)—————————————————
Depreciation and amortization2,6262,5812,4851,8131,5781,5621,140947879931880642664767604357327
Share repurchases—————————————————
Dividends paid3,7653,5703,2292,4951,8731,7231,3461,123943893805672574568387281272

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$8M
5 sales by 4 insiders; officers and directors $8M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 17, 2026Bita Cristina GabrielaDirectoroption exercise1,687$0.00—9,895Sep 21, 2026
Sep 17, 2026Bita Cristina GabrielaDirectoroption exercise1,128$0.00—11,023Sep 21, 2026
Sep 17, 2026Fotiades George LDirectoroption exercise1,687$0.00—1,687Sep 21, 2026
Jul 16, 2026Moghadam HamidDirectoropen-market sale10b5-1indirect50,000$149.91$7M969,089Jul 20, 2026
Jun 15, 2026Arndt Timothy DChief Financial Officeropen-market sale10b5-13,597$150.00$540K0Jun 17, 2026
Apr 28, 2026Lyons Irving F IIIDirectorconversion43,825$141.53$6M43,825Apr 30, 2026
Apr 28, 2026Modjtabai AvidDirectoroption exercise1,984$0.00—22,645Apr 30, 2026
Apr 28, 2026Connor James B.Directoroption exercise1,984$0.00—1,984Apr 30, 2026
Apr 28, 2026Piani OlivierDirectoraward1,984$0.00—12,324Apr 30, 2026
Apr 28, 2026Piani OlivierDirectortax withholding595$141.53$84K11,729Apr 30, 2026
Apr 28, 2026Kennard Lydia HDirectoroption exercise1,984$0.00—34,413Apr 30, 2026
Mar 26, 2026Moghadam HamidDirectorgiftindirect1M$0.00—0Apr 2, 2026
Mar 26, 2026Moghadam HamidDirectorgiftindirect1M$0.00—1MApr 2, 2026
Jan 28, 2026Slusser Sarah ADirectoropen-market sale10$127.57$1K11Mar 18, 2026
Dec 9, 2025Fotiades George LDirectorgift1,824$0.00—0Dec 9, 2025
Dec 1, 2025Bita Cristina GabrielaDirectoropen-market sale10b5-1621$127.60$79K8,208Dec 2, 2025
Nov 3, 2025Bita Cristina GabrielaDirectoropen-market sale10b5-1500$123.14$62K8,829Nov 3, 2025
Oct 24, 2025Connor James B.Directoropen-market sale80,000$126.58$10M0Jan 5, 2026
Oct 23, 2025Connor James B.Directorother80,000$0.00—80,000Oct 24, 2025
Oct 9, 2025Slusser Sarah ADirectoropen-market sale42$114.69$5K21Mar 18, 2026
Oct 8, 2025Slusser Sarah ADirectoropen-market sale18$115.87$2K63Mar 18, 2026
Oct 1, 2025Bita Cristina GabrielaDirectoropen-market sale10b5-1500$115.69$58K9,329Oct 2, 2025
Sep 3, 2025Bita Cristina GabrielaDirectoropen-market sale10b5-11,000$111.00$111K9,829Sep 4, 2025
Aug 26, 2025Palazzolo Lori AChief Accounting Officer/MDopen-market sale25,000$111.33$3M414Aug 27, 2025
Aug 19, 2025Palazzolo Lori AChief Accounting Officer/MDaward25,000$0.00—25,414Aug 21, 2025

Full insider history for Prologis, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held PLD in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded PLD by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$107M790,3470.16%trimmed −25.8%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
Prologis, Inc., CIK 1045609 on EDGAR
Extract generated
August 27, 2026
Withheld
7 line-years whose four quarters do not sum to the filed year: operating income FY2010, depreciation amortization FY2011, operating income FY2011, depreciation amortization FY2012, pretax income FY2012, depreciation amortization FY2013, operating income FY2017
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated August 27, 2026.

JSON file
/data/financials/PLD.json