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Prologis (PLD) free cash flow by quarter

Prologis' free cash flow was $524M in Q1 2026 (first quarter 2026), +56% from Q4 2025. Over the last 6 quarters it ranged from $336M (Q4 2025) to $820M (Q3 2025).

Prologis free cash flow by quarterPrologis free cash flow by quarter$506MQ4 2024$385MQ1 2025$687MQ2 2025$820MQ3 2025$336MQ4 2025$524MQ1 2026
QuarterFree cash flowQ/QY/Y
Q1 2026$524M+56%+36%
Q4 2025$336M-59%-34%
Q3 2025$820M+19%—
Q2 2025$687M+79%—
Q1 2025$385M-24%—
Q4 2024$506M——

Q1 2026 at a glance

Prologis, Q1 2026: revenue $2.3B (+7% year over year), operating margin 52.7%, net earnings $982M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.

Questions

What is Prologis' free cash flow?

Prologis' free cash flow was $524M in Q1 2026 (first quarter 2026), +56% from Q4 2025.

How has Prologis' free cash flow changed?

Over the last 6 quarters it ranged from $336M (Q4 2025) to $820M (Q3 2025).

Q1 2026 results → · How Prologis makes money →