Prologis (PLD) Gross Margin (2009 - 2025)

Prologis has reported Gross Margin for 17 years, with the latest figure at 99.48% in FY2025.

• For the quarter ending Q4 2025, Gross Margin fell 36.0% year-over-year to 99.29%; the trailing twelve-month figure through Dec 2025 stood at 99.48% (up 5.0% YoY), and the FY2025 full-year result was 99.48%, up 5.0% from the prior year.
• Gross Margin for FY2025 stood at 99.48%, roughly flat from 99.43% in the prior year.
• The five-year high for Gross Margin was 99.53% in FY2021, with the low at 99.32% in FY2022.
• Historically, Gross Margin has averaged 99.42% across 5 years, with a median of 99.43% in 2024.
• Annual changes were most pronounced in 2021 — Gross Margin climbed 20 bps — and 2022, when it fell 20 bps.
• Prologis' Gross Margin stood at 99.53% in 2021, then fell by 0 bps to 99.32% in 2022, then increased by 0 bps to 99.34% in 2023, then climbed by 0 bps to 99.43% in 2024, then grew by 0 bps to 99.48% in 2025.
• The last three Gross Margin figures came in at 99.48% (FY2025), 99.43% (FY2024), and 99.34% (FY2023), per Business Quant data.