Filing Flows › Prologis (PLD) › Operating margin
Prologis (PLD) operating margin by quarter
Prologis' operating margin was 52.7% in Q1 2026 (first quarter 2026), -19.5 pts from Q4 2025. Over the last 6 quarters it ranged from 41.1% (Q1 2025) to 72.2% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 2026 | 52.7% | -19.5 pts | +11.7 pts |
| Q4 2025 | 72.2% | +29.7 pts | +7.6 pts |
| Q3 2025 | 42.5% | +0.7 pts | — |
| Q2 2025 | 41.8% | +0.7 pts | — |
| Q1 2025 | 41.1% | -23.5 pts | — |
| Q4 2024 | 64.6% | — | — |
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' operating margin?
Prologis' operating margin was 52.7% in Q1 2026 (first quarter 2026), -19.5 pts from Q4 2025.
How has Prologis' operating margin changed?
Over the last 6 quarters it ranged from 41.1% (Q1 2025) to 72.2% (Q4 2025).