Prologis (PLD) Operating Margin (2010 - 2026)

Prologis (PLD) has reported Operating Margin for 17 consecutive years, with 51.59% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 980.0% year-over-year to 51.59%; the trailing twelve-month figure through Jun 2026 stood at 52.12% (down 1.0% YoY), and the FY2025 full-year result was 49.58%, down 427.0% from the prior year.
• Operating Margin slipped to 51.59% in Q2 2026 per PLD's latest filing, from 72.2% in the prior quarter.
• Across five years, Operating Margin topped out at 98.91% in Q1 2022 and bottomed at 32.74% in Q1 2023.
• Historically, Operating Margin has averaged 51.98% across 5 years, with a median of 46.44% in 2022.
• The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 5256 bps in 2022, then plunged 6617 bps in 2023.
• Over 5 years, Operating Margin stood at 46.44% in 2022, then slipped by 5 bps to 44.19% in 2023, then jumped by 46 bps to 64.58% in 2024, then advanced by 12 bps to 72.2% in 2025, then declined by 29 bps to 51.59% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 51.59%, 72.2%, and 42.47% for Q2 2026, Q4 2025, and Q3 2025 respectively.