Prologis, Inc. (PLD) Earnings History
Growth Compounder29 years of earnings data (1997–2025) · Consistent double-digit EPS growth over 5 years
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Prologis, Inc. (PLD) Earnings Overview
As of September 25, 2026, Prologis, Inc. (PLD) reported trailing twelve-month net income of $3.72B, reflecting -11.7% year-over-year growth. The company earned $3.88 per diluted share over the past four quarters, with a net profit margin of 38.8%.
Looking at the long-term picture, PLD's 5-year EPS compound annual growth rate (CAGR) stands at +12.7%, showing solid earnings momentum. The company achieved its highest annual net income of $3.73B in fiscal 2024.
Prologis, Inc. maintains industry-leading profitability with a gross margin of 59.6%, operating margin of 40.2%, and net margin of 38.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EGP ($305M net income, 35.7% margin), STAG ($247M net income, 32.4% margin), FR ($364M net income, 34.0% margin), PLD has outperformed on profitability metrics. Compare PLD vs EGP →
PLD Earnings vs Peers
Earnings metrics vs comparable public companies
PLD Historical Earnings Data (1997–2025)
29 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.41B | -8.6% | $3.54B | $3.54 | 38.8% | 40.2% |
| 2024 | $3.73B | +22.0% | $4.42B | $4.01 | 45.5% | 53.8% |
| 2023 | $3.06B | -9.1% | $3.71B | $3.29 | 38.1% | 46.2% |
| 2022 | $3.36B | +14.5% | $3.47B | $4.13 | 56.3% | 58.0% |
| 2021 | $2.94B | +98.4% | $3.21B | $3.84 | 61.8% | 67.4% |
| 2020 | $1.48B | -5.8% | $2.12B | $1.95 | 33.4% | 47.7% |
| 2019 | $1.57B | -4.6% | $1.85B | $2.40 | 47.2% | 55.5% |
| 2018 | $1.65B | -0.2% | $1.69B | $2.79 | 58.8% | 60.2% |
| 2017 | $1.65B | +36.6% | $1.95B | $3.06 | 63.1% | 74.6% |
| 2016 | $1.21B | +39.2% | $668M | $2.27 | 47.8% | 26.4% |
| 2015 | $869M | +36.7% | $380M | $1.64 | 39.6% | 17.3% |
| 2014 | $636M | +85.5% | $320M | $1.24 | 36.1% | 18.2% |
| 2013 | $343M | +963.3% | $304M | $0.64 | 19.6% | 17.4% |
| 2012 | -$40M | +74.1% | $93M | $-0.09 | -2.0% | 4.6% |
| 2011 | -$153M | -665.7% | $95M | $-0.41 | -10.0% | 6.2% |
| 2010 | $27M | +179.1% | -$614M | $0.06 | 4.3% | -96.8% |
| 2009 | -$34M | +31.3% | $135M | $-0.26 | -5.4% | 21.3% |
| 2008 | -$50M | -115.9% | $204M | $-0.51 | -7.0% | 28.6% |
| 2007 | $314M | +40.2% | $197M | $2.96 | 46.9% | 29.4% |
| 2006 | $224M | -13.1% | $248M | $2.30 | 30.7% | 34.0% |
| 2005 | $258M | +105.5% | $252M | $2.85 | 38.1% | 37.3% |
| 2004 | $125M | -6.4% | $276M | $1.39 | 18.8% | 41.5% |
| 2003 | $134M | +7.9% | $269M | $1.41 | 21.8% | 43.7% |
| 2002 | $124M | -9.9% | $296M | $0.75 | 20.2% | 48.0% |
| 2001 | $138M | +13.3% | $295M | $1.41 | 23.0% | 49.0% |
| 2000 | $122M | -30.8% | $250M | $1.35 | 25.5% | 52.3% |
| 1999 | $176M | +56.4% | $248M | $1.94 | 39.3% | 55.2% |
| 1998 | $113M | +517.7% | $193M | $1.26 | 31.4% | 53.9% |
| 1997 | $18M | - | $22M | $1.38 | 32.5% | 40.0% |
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PLD — Frequently Asked Questions
Quick answers to the most common questions about buying PLD stock.
What is PLD earnings per share (EPS)?
PLD trailing twelve-month (TTM) diluted EPS is $3.88, reflecting -11.7% year-over-year growth. The 5-year EPS CAGR is +12.7%. Complete EPS history from 1997 to 2025 is available in the table on this page.
What is Prologis, Inc.'s net income?
Prologis, Inc. (PLD) trailing twelve-month net income is $3.7B as of 2025. Earnings declined -11.7% year-over-year. Prologis, Inc. has been profitable for 13 consecutive years.
Is PLD profitable?
Yes, PLD is profitable with a TTM net income of $3.7B and a net profit margin of +38.8%. Prologis, Inc. has generated profits for 13 consecutive years.
What is PLD's earnings growth rate?
PLD compound annual EPS growth rates (CAGR): 1-Year: -11.7%, 3-Year: -5.0%, 5-Year: +12.7%, 10-Year: +8.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2025.
What are PLD's profit margins?
Prologis, Inc. net profit margin is +38.8%, operating margin is +40.2%, and gross margin is +59.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +5.9%.
Is PLD growing earnings?
PLD earnings are declining — EPS fell -11.7% year-over-year. TTM net income dropped to $3.7B. This contrasts with the 5-year CAGR of +12.7%.
What was PLD's best earnings year?
Prologis, Inc.'s highest annual net income on record is $3.7B, achieved in fiscal year 2024. Earnings history on this page spans 1997 to 2025 and includes all annual and quarterly figures.
What were PLD's earnings last quarter?
PLD's most recent reported quarter was Q1 2026. Net income was $982M with diluted EPS of $1.05. For a full breakdown of all quarters, see the quarterly earnings table on this page.