Prologis, Inc. (PLD) Earnings History
Annual and quarterly earnings data from 1997 to 2024
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PLD EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PLD Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 74.9% | 53.8% | 45.5% |
| 2023 | 74.9% | 46.2% | 38.1% |
| 2022 | 74.7% | 58.0% | 56.3% |
| 2021 | 73.8% | 67.4% | 61.8% |
| 2020 | 73.6% | 47.7% | 33.4% |
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Prologis, Inc. (PLD) Earnings Overview
As of May 6, 2026, Prologis, Inc. (PLD) reported trailing twelve-month net income of $3.21B, reflecting +21.9% year-over-year growth. The company earned $3.35 per diluted share over the past four quarters, with a net profit margin of 45.5%.
Looking at the long-term picture, PLD's 5-year EPS compound annual growth rate (CAGR) stands at +10.8%, showing solid earnings momentum. The company achieved its highest annual net income of $3.73B in fiscal 2024, representing a new all-time high.
Prologis, Inc. maintains industry-leading profitability with a gross margin of 74.9%, operating margin of 53.8%, and net margin of 45.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EGP ($293M net income, 35.7% margin), STAG ($244M net income, 32.4% margin), FR ($342M 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 (1997–2024)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonPLD — Frequently Asked Questions
Quick answers to the most common questions about buying PLD stock.
Is PLD growing earnings?
PLD EPS is $3.35, with earnings growth accelerating to +21.9%. This exceeds the 5-year CAGR of +10.8%. TTM net income reached $3.2B.
What are PLD's profit margins?
Prologis, Inc. net margin is +45.5%, with operating margin at +53.8%. Above-average margins indicate pricing power.
How consistent are PLD's earnings?
PLD earnings data spans 1997-2024. The accelerating earnings trend is +21.9% YoY. Historical data enables comparison across business cycles.