Prologis (PLD) Operating Expenses (2009 - 2025)

Prologis has reported Operating Expenses for 17 years, with the latest figure at -$4.0 billion in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 7.75% year-over-year to -$4.0 billion; the trailing twelve-month figure through Dec 2025 stood at -$2.3 billion (down 8.38% YoY), and the FY2025 full-year result was -$2.3 billion, down 8.38% from the prior year.
• Operating Expenses for Q4 2025 stood at -$4.0 billion, down from $562.6 million in the prior quarter.
• The five-year high for Operating Expenses was $564.6 million in Q2 2025, with the low at -$4.0 billion in Q4 2025.
• Historically, Operating Expenses has averaged -$168.5 million across 5 years, with a median of $91.8 million in 2022.
• The largest YoY upside for Operating Expenses was 451.21% in 2024 against a maximum downside of 3844.58% in 2024.
• Prologis' Operating Expenses stood at $73.8 million in 2021, then increased by 15.71% to $85.4 million in 2022, then climbed by 15.09% to $98.3 million in 2023, then tumbled by 3844.58% to -$3.7 billion in 2024, then retreated by 7.75% to -$4.0 billion in 2025.
• The last three Operating Expenses figures came in at -$4.0 billion (Q4 2025), $562.6 million (Q3 2025), and $564.6 million (Q2 2025), per Business Quant data.