Prologis revenue and financials
$128.68Change from previous close: +0.47%Absolute change: +$0.60
In the fiscal year ended December 2025, Prologis reported revenue of $8.79B (+7.18% year over year). Net income was $3.33B, a net margin of 37.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.18%
- 2025 vs 2024
- Net income growth
- −10.81%
- 2025 vs 2024
- Net margin
- 37.9%
- 2024: 45.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,347 | 1,288 | 1,158 | 1,448 | 1,242 | 1,161 | 1,335 | 1,435 | 1,086 | 1,055 | 1,074 | 1,969 |
| Depreciation and amortization | 690 | 732 | 669 | 648 | 657 | 652 | 656 | 649 | 637 | 638 | 638 | 642 |
| Investing cash flow | -1,153 | -401 | 25.1 | -1,070 | -1,035 | -1,551 | 320 | -1,711 | -624 | -1,084 | -1,207 | -699 |
| Financing cash flow | 708 | -1,158 | -1,218 | -252 | 182 | — | — | — | — | — | — | — |
| Dividends paid | -1,002 | -1,001 | -942 | -941 | -942 | -940 | -893 | -893 | -893 | -892 | -809 | -806 |
| Share repurchases | -2.5 | -18.3 | -5.2 | -3.3 | — | -15.4 | -3.6 | -5.0 | -0.2 | -21.7 | -4.7 | -1.3 |
| Debt issued | 2,116 | 679 | 505 | 914 | 1,222 | 819 | 222 | 1,267 | 1,105 | 1,912 | 8.1 | 242 |
| Debt repaid | -300 | -686 | -669 | -165 | -1.2 | -71.2 | -398 | 136 | -474 | -914 | 759 | -412 |
| Effect of exchange rates | 1.2 | -13.7 | -5.5 | -6.0 | 6.3 | 17.8 | -26.1 | 13.7 | -9.1 | -3.6 | 6.4 | -12.9 |
| Net change in cash | 904 | -285 | -40.4 | 120 | 395 | -647 | 538 | 183 | 97.8 | -29.8 | -210 | 210 |
| Free cash flow | 1,347 | 1,288 | 1,158 | 1,448 | 1,242 | — | — | — | — | — | — | — |
| Levered free cash flow | 2,083 | 1,486 | 547 | 1,192 | 1,541 | 1,401 | 490 | 1,518 | 801 | 1,673 | 928 | 946 |