How does Prologis (PLD) make money?

Prologis (PLD) generates revenue primarily from Real Estate Operations Segment, which accounted for 92.5% of total revenue in TTM through Q2 2026. The company reported $9.19B in revenue and converted 45.8% of it into net profit, equivalent to roughly $4.21B 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 29.1% in TTM through Q2 2026, equivalent to $2.67B in gross profit on $9.19B 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 38.4% in TTM through Q2 2026, equivalent to $3.53B 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 45.8% in TTM through Q2 2026, equivalent to $4.21B 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 $4.21B in net income for TTM through Q2 2026, with a net profit margin of 45.8%. 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 free cash flow does Prologis (PLD) generate?

Prologis (PLD) generated $5.24B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 57.0%. 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 6.2% in TTM through Q2 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 92.5% of total revenue in TTM through Q2 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 96.8% 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 Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 29, 2026).

Prologis (PLD) Revenue by Product Segment — TTM through Q2 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), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Real Estate Operations Segment	$8.5B	92.5%
Strategic Capital Segment	$688M	7.5%
Total	$9.19B	100%

Real Estate Operations Segment$8.5B
Strategic Capital Segment$688M
Total$9.19B

Prologis (PLD) Revenue by Geography — TTM through Q2 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 Q2 2026
Region	Revenue (USD)	% of total
Real Estate Operations Segment	$9.94B	96.8%
Strategic Capital Segment	$325M	3.2%
Total	$10.3B	100%

Real Estate Operations Segment
Strategic Capital Segment
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Prologis (PLD) reports revenue across 2 reportable product segments; the largest segment was Real Estate Operations Segment at 92.5%, followed by Strategic Capital Segment (7.5%). Geographically, Real Estate Operations Segment accounted for 96.8% of revenue, followed by Strategic Capital Segment (3.2%).

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Operating Margin38.4%

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Operations

Employees2.8K

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