How does Prologis (PLD) make money?

Prologis (PLD) generates revenue primarily from Real Estate Operations Segment, which accounted for 93.2% of total revenue in TTM through Q1 2026. The company reported $8.95B in revenue and converted 41.5% of it into net profit, equivalent to roughly $3.72B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Prologis (PLD)?

Prologis (PLD) reported a gross profit margin of 43.4% in TTM through Q1 2026, equivalent to $3.88B in gross profit on $8.95B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Prologis (PLD)?

Prologis (PLD) reported an operating profit margin of 38.9% in TTM through Q1 2026, equivalent to $3.48B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Prologis (PLD)?

Prologis (PLD) reported a net profit margin of 41.5% in TTM through Q1 2026, equivalent to $3.72B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Prologis (PLD) profitable?

Yes. Prologis (PLD) reported $3.72B in net income for TTM through Q1 2026, with a net profit margin of 41.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Prologis (PLD) spend on capital expenditures?

Prologis (PLD) spent $149.88M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Prologis (PLD) generate?

Prologis (PLD) generated $4.99B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 55.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Prologis (PLD)?

Prologis (PLD) had an effective tax rate of 5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Prologis (PLD)?

Prologis (PLD) reports revenue across 2 reportable product segments, led by Real Estate Operations Segment at 93.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Prologis (PLD) generate most of its revenue?

Real Estate Operations Segment is the largest geographic market for Prologis (PLD), accounting for 97.3% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Prologis Makes Money: 2026 Visual Revenue Map

Prologis (PLD) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Prologis (PLD) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Prologis (PLD) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Real Estate Operations Segment	$8.34B	93.2%
Strategic Capital Segment	$607.82M	6.8%
Total	$8.95B	100%

Real Estate Operations Segment$8.34B
Strategic Capital Segment$607.82M
Total$8.95B

Prologis (PLD) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Prologis (PLD), TTM through Q1 2026
Region	Revenue (USD)	% of total
Real Estate Operations Segment	$9.82B	97.3%
Strategic Capital Segment	$277.67M	2.7%
Total	$10.10B	100%

Real Estate Operations Segment
Strategic Capital Segment
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Prologis (PLD) reports revenue across 2 operating segments; the largest segment was Real Estate Operations Segment at 93.2%, followed by Strategic Capital Segment (6.8%). Separately, by end-market geography, Real Estate Operations Segment accounted for 97.3% of revenue, followed by Strategic Capital Segment (2.7%).

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