Prologis (PLD) Operating Expenses (2009 - 2025)

Prologis' Operating Expenses history runs 17 years deep, the most recent figure standing at -$6.3 billion for Q4 2025.

• Quarterly Operating Expenses fell 5.65% year-over-year to -$6.3 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.0 billion (down 6.58% YoY) and the FY2025 annual result came in at -$2.3 billion, down 8.38% from the prior year.
• Operating Expenses was -$6.3 billion for Q4 2025 at Prologis, down from $562.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $1.3 billion in Q2 2025 and bottomed at -$6.3 billion in Q4 2025.
• A 5-year average of -$318.1 million and a median of $807.4 million in 2021 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 611.78% — and 2023, when it soared 51.45%.
• Prologis' Operating Expenses stood at $800.0 million in 2021, then slumped by 611.78% to -$4.1 billion in 2022, then plunged by 40.63% to -$5.8 billion in 2023, then retreated by 2.85% to -$5.9 billion in 2024, then dropped by 5.65% to -$6.3 billion in 2025.
• Business Quant data shows PLD's Operating Expenses at -$6.3 billion in Q4 2025, $562.6 million in Q3 2025, and $1.3 billion in Q2 2025.