What is the current annual operating margin of PLD?

As of today, PLD annual operating margin is 38.84%

What is 1-year change in PLD annual operating margin?

PLD annual operating margin is down -2.66% year-over-year

What is 3-year change in PLD annual operating margin?

PLD annual operating margin is down -1.97% over the past 3 years

How far is PLD annual operating margin from its all-time high?

PLD annual operating margin is currently -29.68% below its historical high of 55.23% set on December 31, 1999

How does PLD annual operating margin rank versus sector peers?

PLD annual operating margin is higher than 72.05% of companies in Real Estate sector

When is PLD next annual earnings release?

The next annual earnings release for PLD is on January 20, 2027

What is the current quarterly operating margin of PLD?

As of today, PLD quarterly operating margin is 39.24%

What is PLD quarterly operating margin most recent change?

PLD quarterly operating margin was down -3.63% on September 30, 2026

What is 1-year change in PLD quarterly operating margin?

PLD quarterly operating margin is down -2.68% year-over-year

How far is PLD quarterly operating margin from its all-time high?

PLD quarterly operating margin is currently -58.91% below its historical high of 95.49% set on December 31, 2003

How does PLD quarterly operating margin rank versus sector peers?

PLD quarterly operating margin is higher than 76.89% of companies in Real Estate sector

When is PLD next earnings release?

The next earnings release for PLD is on January 20, 2027

Prologis, Inc. (PLD) Operating Margin History & Chart

Annual Operating Margin

38.84%1.06%-2.66%

December 31, 2025

Summary

Current Value: As of today, PLD annual operating margin is 38.84%, down -2.66% on December 31, 2025
Historical Performance: PLD annual operating margin is down -1.97% over the past 3 years, up +37.98% over the past 5 years
All-Time High Comparison: PLD annual operating margin is currently -29.68% below its historical high of 55.23% set on December 31, 1999
3-Year Low Comparison: PLD annual operating margin is +0.49% above its 3-year low of 38.65% reached on December 31, 2023
Sector Comparison: PLD annual operating margin is higher than 72.05% of companies in Real Estate sector

Operating Margin Chart

beforeafter

Performance

PLD Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	38.84%	-2.7%	-2.0%	+38.0%	+154.3%
Quarterly Operating Margin	Sep 30, 26	39.24%	-2.7%	+3.8%	-2.7%	+519.7%
Price	Nov 5, 26	$128.55	+3.7%	+22.5%	-12.4%	+339.2%
PE Ratio	Nov 5, 26	28.36	-21.4%	-15.4%	-50.3%	–
Annual Revenue	Dec 31, 25	$8.79B	+7.2%	+47.1%	+98.0%	+893.7%
Annual Operating Profit	Dec 31, 25	$3.41B	+4.3%	+44.2%	+173.3%	+2426.9%
Annual Gross Margin	Dec 31, 25	44.70%	+2.9%	+0.7%	+16.3%	+24.6%
Annual Net Margin	Dec 31, 25	40.56%	-15.8%	-31.9%	+11.4%	+122.6%

Operating Margin Highs

PLD Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	39.90%	Dec 31, 24	-2.7%
5Y	39.90%	Dec 31, 24	-2.7%
All	55.23%	Dec 31, 99	-29.7%

Operating Margin Lows

PLD Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	38.65%	Dec 31, 23	+0.5%
5Y	28.15%	N/A	+38.0%
All	10.61%	Dec 31, 07	+266.1%

Operating Margin History

Year	Value	Change
2025	38.84%	-2.7%
2024	39.90%	+3.2%
2023	38.65%	-2.4%
2022	39.62%	+5.5%
2021	37.54%	+33.4%
2020	28.15%	+2.1%
2019	27.57%	-20.5%
2018	34.66%	+30.2%
2017	26.63%	-0.5%
2016	26.76%	+53.6%
2015	17.42%	-4.1%
2014	18.16%	+4.4%
2013	17.39%	-20.1%
2012	21.76%	+18.8%
2011	18.31%	+19.9%

Year	Value	Change
2010	15.27%	-29.9%
2009	21.79%	-25.1%
2008	29.11%	+174.4%
2007	10.61%	-71.0%
2006	36.62%	+101.9%
2005	18.14%	+10.1%
2004	16.47%	-63.7%
2003	45.37%	+93.8%
2002	23.41%	-23.0%
2001	30.39%	-41.3%
2000	51.80%	-6.2%
1999	55.23%	+2.5%
1998	53.89%	+60.0%
1997	33.69%	-

FAQ

What is the current annual operating margin of PLD?: As of today, PLD annual operating margin is 38.84%
What is 1-year change in PLD annual operating margin?: PLD annual operating margin is down -2.66% year-over-year
What is 3-year change in PLD annual operating margin?: PLD annual operating margin is down -1.97% over the past 3 years
How far is PLD annual operating margin from its all-time high?: PLD annual operating margin is currently -29.68% below its historical high of 55.23% set on December 31, 1999
How does PLD annual operating margin rank versus sector peers?: PLD annual operating margin is higher than 72.05% of companies in Real Estate sector
When is PLD next annual earnings release?: The next annual earnings release for PLD is on January 20, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

39.24%1.48%-3.63%

September 30, 2026

Summary

Current Value: As of today, PLD quarterly operating margin is 39.24%, down -3.63% on September 30, 2026
Historical Performance: PLD quarterly operating margin is down -2.68% year-over-year, up +3.84% over the past 3 years
All-Time High Comparison: PLD quarterly operating margin is currently -58.91% below its historical high of 95.49% set on December 31, 2003
3-Year Low Comparison: PLD quarterly operating margin is +22.05% above its 3-year low of 32.15% reached on December 31, 2023
Sector Comparison: PLD quarterly operating margin is higher than 76.89% of companies in Real Estate sector

Performance

PLD Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	39.24%	-3.6%	-2.7%	+3.8%	-2.7%
Annual Operating Margin	Dec 31, 25	38.84%	–	-2.7%	-2.0%	+38.0%
Price	Nov 5, 26	$128.55	-7.6%	+3.7%	+22.5%	-12.4%
PE Ratio	Nov 5, 26	28.36	-8.5%	-21.4%	-15.4%	-50.3%
Quarterly Revenue	Sep 30, 26	$2.39B	-1.6%	+7.8%	+24.7%	+101.8%
Quarterly Operating Profit	Sep 30, 26	$936.75M	-5.2%	+5.0%	+29.5%	+96.4%
Quarterly Gross Margin	Sep 30, 26	45.29%	-1.0%	-0.9%	+12.2%	+10.9%
Quarterly Net Margin	Sep 30, 26	36.85%	-20.5%	-0.7%	-11.7%	-45.4%

Quarterly Operating Margin Highs

PLD Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	40.72%	Jun 30, 26	-3.6%
3Y	49.48%	Dec 31, 24	-20.7%
5Y	52.68%	Sep 30, 22	-25.5%
All	95.49%	Dec 31, 03	-58.9%

Quarterly Operating Margin Lows

PLD Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	35.38%	Mar 31, 26	+10.9%
3Y	32.15%	Dec 31, 23	+22.1%
5Y	25.97%	Dec 31, 22	+51.1%
All	-36.96%	Sep 30, 10	+206.2%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	39.24%	-3.6%
Jun 2026	40.72%	+15.1%
Mar 2026	35.38%	-6.5%
Dec 2025	37.84%	-6.2%
Sep 2025	40.32%	+3.0%
Jun 2025	39.16%	+2.9%
Mar 2025	38.05%	-23.1%
Dec 2024	49.48%	+28.4%
Sep 2024	38.53%	+5.0%
Jun 2024	36.70%	+0.7%
Mar 2024	36.44%	+13.3%
Dec 2023	32.15%	-14.9%
Sep 2023	37.79%	-23.3%
Jun 2023	49.30%	+55.3%
Mar 2023	31.75%	+22.3%
Dec 2022	25.97%	-50.7%
Sep 2022	52.68%	+20.2%
Jun 2022	43.82%	+21.1%
Mar 2022	36.18%	-7.3%
Dec 2021	39.02%	-3.2%
Sep 2021	40.32%	+20.4%
Jun 2021	33.48%	-9.8%
Mar 2021	37.11%	+83.3%
Dec 2020	20.24%	+5.1%
Sep 2020	19.25%	-41.0%
Jun 2020	32.60%	-20.9%
Mar 2020	41.21%	+210.8%
Dec 2019	13.26%	-68.6%
Sep 2019	42.21%	+54.5%
Jun 2019	27.32%	+8.1%
Mar 2019	25.27%	-29.5%
Dec 2018	35.85%	+22.3%
Sep 2018	29.31%	-35.4%
Jun 2018	45.34%	+57.3%
Mar 2018	28.83%	+20.1%
Dec 2017	24.01%	-7.0%
Sep 2017	25.81%	-20.7%
Jun 2017	32.53%	+42.6%
Mar 2017	22.81%	-28.9%
Dec 2016	32.10%	-2.5%
Sep 2016	32.91%	+37.6%
Jun 2016	23.92%	+40.8%
Mar 2016	16.99%	+3.5%
Dec 2015	16.41%	-7.9%
Sep 2015	17.81%	+4.1%
Jun 2015	17.11%	-5.6%
Mar 2015	18.12%	+9.0%
Dec 2014	16.62%	-11.7%
Sep 2014	18.82%	-9.1%
Jun 2014	20.71%	+26.0%
Mar 2014	16.44%	+1.9%
Dec 2013	16.13%	-11.8%
Sep 2013	18.29%	+28.4%
Jun 2013	14.25%	-29.5%
Mar 2013	20.22%	-3.1%
Dec 2012	20.86%	+708.2%
Sep 2012	-3.43%	-114.0%
Jun 2012	24.50%	+445.6%

Month	Value	Change
Mar 2012	-7.09%	-136.3%
Dec 2011	19.53%	+308.9%
Sep 2011	-9.35%	+47.2%
Jun 2011	-17.71%	+30.2%
Mar 2011	-25.38%	-256.3%
Dec 2010	16.24%	+143.9%
Sep 2010	-36.96%	-336.0%
Jun 2010	15.66%	+462.5%
Mar 2010	-4.32%	-747.1%
Dec 2009	-0.51%	-114.2%
Sep 2009	3.60%	-33.7%
Jun 2009	5.43%	-12.8%
Mar 2009	6.23%	+94.7%
Dec 2008	3.20%	-3.6%
Sep 2008	3.32%	-85.6%
Jun 2008	23.03%	+81.2%
Mar 2008	12.71%	+13.7%
Dec 2007	11.18%	+8.3%
Sep 2007	10.32%	-18.1%
Jun 2007	12.60%	+18.5%
Mar 2007	10.63%	-71.3%
Dec 2006	37.09%	+228.8%
Sep 2006	11.28%	-7.2%
Jun 2006	12.15%	-22.5%
Mar 2006	15.68%	-65.6%
Dec 2005	45.61%	+226.5%
Sep 2005	13.97%	-5.2%
Jun 2005	14.73%	+11.5%
Mar 2005	13.21%	-67.9%
Dec 2004	41.17%	+122.4%
Sep 2004	18.51%	+4.5%
Jun 2004	17.72%	-7.2%
Mar 2004	19.09%	-80.0%
Dec 2003	95.49%	+356.5%
Sep 2003	20.92%	+25.3%
Jun 2003	16.70%	-23.7%
Mar 2003	21.90%	-70.3%
Dec 2002	73.85%	+33.0%
Sep 2002	55.53%	+120.2%
Jun 2002	25.22%	+328.2%
Mar 2002	5.89%	-92.2%
Dec 2001	75.97%	+242.5%
Sep 2001	22.18%	+52.2%
Jun 2001	14.57%	-71.5%
Mar 2001	51.04%	+12.7%
Dec 2000	45.30%	-16.0%
Sep 2000	53.93%	+57.3%
Jun 2000	34.29%	-38.5%
Mar 2000	55.74%	-1.8%
Dec 1999	56.79%	+53.8%
Sep 1999	36.92%	+4.7%
Jun 1999	35.26%	+11.8%
Mar 1999	31.55%	-40.3%
Dec 1998	52.82%	+56.2%
Sep 1998	33.81%	-5.4%
Jun 1998	35.74%	-7.2%
Mar 1998	38.51%	-

FAQ

What is the current quarterly operating margin of PLD?: As of today, PLD quarterly operating margin is 39.24%
What is PLD quarterly operating margin most recent change?: PLD quarterly operating margin was down -3.63% on September 30, 2026
What is 1-year change in PLD quarterly operating margin?: PLD quarterly operating margin is down -2.68% year-over-year
How far is PLD quarterly operating margin from its all-time high?: PLD quarterly operating margin is currently -58.91% below its historical high of 95.49% set on December 31, 2003
How does PLD quarterly operating margin rank versus sector peers?: PLD quarterly operating margin is higher than 76.89% of companies in Real Estate sector
When is PLD next earnings release?: The next earnings release for PLD is on January 20, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

PLD Official Website www.prologis.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1045609/000119312526017256/0001193125-26-017256-index.htm
PLD Profile on Yahoo Finance finance.yahoo.com/quote/PLD
PLD Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pld