Prologis, Inc. (PLD) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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PLD Revenue Growth
Revenue Breakdown (FY 2024)
PLD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
PLD Revenue Analysis (2013–2024)
As of May 6, 2026, Prologis, Inc. (PLD) generated trailing twelve-month (TTM) revenue of $8.74 billion, reflecting solid growth of +8.7% year-over-year. The most recent quarter (Q3 2025) recorded $2.21 billion in revenue, up 1.4% sequentially.
Looking at the longer-term picture, PLD's 5-year compound annual growth rate (CAGR) stands at +19.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $8.20 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows PLD's business is primarily driven by Real Estate Operations Segment (92%), and Strategic Capital Segment (8%). With over half of revenue concentrated in Real Estate Operations Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including EGP (+12.2% YoY), STAG (+10.0% YoY), and FR (+8.5% YoY), PLD has underperformed the peer group in terms of revenue growth. Compare PLD vs EGP →
PLD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PLDCurrent | $8.7B | +8.7% | +19.7% | 53.8% | |
 EGP | $721M | +12.2% | +14.7% | 39.9% | |
 STAG | $845M | +10.0% | +11.8% | 37.7% | |
 FR | $727M | +8.5% | +10.2% | 42.3% | |
 REXR | $1.0B | +6.3% | +24.9% | 37.9% | |
 LXP | $350M | -3.8% | +1.2% | 14.0% |
PLD Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8.20B | +2.2% | $6.14B | 74.9% | $4.42B | 53.8% |
| 2023 | $8.02B | +34.3% | $6.01B | 74.9% | $3.71B | 46.2% |
| 2022 | $5.97B | +25.5% | $4.46B | 74.7% | $3.47B | 58.0% |
| 2021 | $4.76B | +7.2% | $3.51B | 73.8% | $3.21B | 67.4% |
| 2020 | $4.44B | +33.3% | $3.27B | 73.6% | $2.12B | 47.7% |
| 2019 | $3.33B | +18.8% | $2.41B | 72.4% | $1.85B | 55.5% |
| 2018 | $2.80B | +7.1% | $2.05B | 73.0% | $1.69B | 60.2% |
| 2017 | $2.62B | +3.4% | $1.89B | 72.3% | $1.95B | 74.6% |
| 2016 | $2.53B | +15.3% | $1.84B | 72.5% | $668.4M | 26.4% |
| 2015 | $2.20B | +24.8% | $1.54B | 70.3% | $380.2M | 17.3% |
Full PLD Stock Analysis
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Start ComparisonPLD — Frequently Asked Questions
Quick answers to the most common questions about buying PLD stock.
Is PLD's revenue growth accelerating or slowing?
PLD maintains +8.7% revenue growth, in line with its 5-year CAGR of +19.7%. TTM revenue stands at $8.7B. Growth rate remains consistent with historical average.
What is PLD's long-term revenue growth rate?
Prologis, Inc.'s 5-year revenue CAGR of +19.7% reflects the sustained expansion pattern. Current YoY growth of +8.7% is near this long-term average.
How is PLD's revenue distributed by segment?
PLD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.