Prologis, Inc. (PLD) Financial Statements

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Prologis financial statements at a glance

Prologis reported revenue of $8.79 billion for fiscal year 2025 (ended December 31, 2025), up 7.2% from fiscal year 2024. Net income was $3.33 billion, a net margin of 37.9%.

At the end of fiscal year 2025 it had total assets of $98.72 billion, total liabilities of $45.53 billion and shareholders' equity of $53.19 billion, with total debt of $35.04 billion.

Its operations brought in $5.01 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Prologis, Inc.

PLDUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Revenue
8.79B
Prev Year: 8.20B
YoY: +7.2%
Total Revenue
-
Cost of Revenue
2.23B
Prev Year: 2.06B
YoY: +8.6%
Gross Profit
6.56B
Prev Year: 6.14B
YoY: +6.7%
SG&A Expenses
469.11M
Prev Year: 418.76M
YoY: +12.0%
Operating Expense
-
Depreciation/Amortization
2.63B
Prev Year: 2.58B
YoY: +1.8%
Other Operating Expenses, Total
46.03M
Prev Year: 47.04M
YoY: -2.2%
Net Non Operating Interest Income Expense
-
Operating Expenses
5.38B
Prev Year: 5.10B
YoY: +5.4%
Other Income Expense
-
Operating Income
3.41B
Prev Year: 3.10B
YoY: +10.1%
Pre-tax Income
-
Interest Inc.(Exp.),Net-Non-Op., Total
-585.05M
Prev Year: -301.58M
YoY: -94.0%
Net Income Before Taxes
3.77B
Prev Year: 4.11B
YoY: -8.4%
Net Income Common Stockholders
-
Provision for Income Taxes
204.02M
Prev Year: 166.94M
YoY: +22.2%
Diluted NI Available to Com Stockholders
-
Net Income After Taxes
3.57B
Prev Year: 3.95B
YoY: -9.7%
Total Operating Income as Reported
-
Net Income Before Extra. Items
3.33B
Prev Year: 3.73B
YoY: -10.8%
Total Expenses
-
Net Income
3.33B
Prev Year: 3.73B
YoY: -10.8%
Net Income from Continuing and Discontinued Operation
-
Total Adjustments to Net Income
-5.88M
Prev Year: -5.88M
YoY: -0.0%
Normalized Income
-
Income Available to Com Excl ExtraOrd
3.32B
Prev Year: 3.73B
YoY: -10.8%
Interest Income
-
Income Available to Com Incl ExtraOrd
3.32B
Prev Year: 3.73B
YoY: -10.8%
Interest Expense
-
Diluted Net Income
3.40B
Prev Year: 3.82B
YoY: -10.9%
Net Interest Income
-
Diluted Weighted Average Shares
956.83M
Prev Year: 953.59M
YoY: +0.3%
EBIT
-
Diluted EPS Excluding ExtraOrd Items
3.558
Prev Year: 4.006
YoY: -11.2%
EBITDA
-
DPS - Common Stock Primary Issue
4.04
Prev Year: 3.84
YoY: +5.2%
Reconciled Cost of Revenue
-
Gain (Loss) on Sale of Assets
943.56M
Prev Year: 1.32B
YoY: -28.4%
Reconciled Depreciation
-
Diluted Normalized EPS
2.628
Prev Year: 2.679
YoY: -1.9%
Net Income from Continuing Operation Net Minority Interest
-
Unusual Expense (Income)
3.50M
Prev Year: -536.0K
YoY: +752.6%
Total Unusual Items Excluding Goodwill
-
Dilution Adjustment
81.773
Prev Year: 94.052
YoY: -13.1%
Total Unusual Items
-
Minority Interest
-237.07M
Prev Year: -216.30M
YoY: -9.6%
Normalized EBITDA
-
Values in USD

Prologis key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$8.8B$8.2B$8.0B$6.0B$4.8B
Gross profit$6.6B$6.1B$6.0B$4.5B$3.5B
Operating income$3.4B$3.1B$3.1B$2.3B$1.6B
Net income$3.3B$3.7B$3.1B$3.4B$2.9B
Diluted EPS––––$3.94
Total assets$98.7B$95.3B$93.0B$87.9B$58.5B
Total liabilities$45.5B$41.4B$39.8B$34.7B$20.7B
Shareholders' equity$53.2B$54.0B$53.2B$53.2B$33.4B
Cash––––$556.1M
Total debt$35.0B$30.9B$29.0B$23.9B$18.2B
Operating cash flow$5.0B$4.9B$5.4B$4.1B$3.0B
Free cash flow––––$3.0B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Prologis's revenue in fiscal year 2025?

$8.79 billion, up 7.2% from $8.20 billion in fiscal year 2024.

How much profit does Prologis make?

Prologis reported net income of $3.33 billion for fiscal year 2025 (37.9% of revenue); operating income was $3.41 billion.

How much cash and debt does Prologis have?

At the end of fiscal year 2025: total debt of $35.04 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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