Filing Flows › Prologis (PLD) › How it makes money
How Prologis (PLD) makes money
Prologis (PLD) made $2.3B of revenue in the first quarter 2026 (Q1 2026), +7% from a year earlier. Of every dollar of revenue, 53¢ was left as operating profit, 43¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 2026 | % of revenue |
|---|---|---|
| Revenue | $2.3B | 100.0% |
| Operating profit | $1.2B | 52.7% |
| Income tax | $48.0M | 2.1% |
| Net earnings | $982M | 42.7% |
| Operating cash flow | $1.3B | 56.1% |
| Free cash flow | $524M | 22.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 2026 | $2.3B | +7% |
| Q4 2025 | $2.3B | +2% |
| Q3 2025 | $2.2B | +9% |
| Q2 2025 | $2.2B | +9% |
| Q1 2025 | $2.1B | +9% |
| Q4 2024 | $2.2B | +16% |
From Prologis' 10-Q filed Apr 30, 2026 (on EDGAR).
Questions
How does Prologis make money?
Prologis (PLD) made $2.3B of revenue in the first quarter 2026 (Q1 2026), +7% from a year earlier. Of every dollar of revenue, 53¢ was left as operating profit, 43¢ was left as net earnings.
What is Prologis' profit margin?
Net earnings were $982M, 42.7% of revenue, in the first quarter 2026; the operating margin was 52.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.