PLD
$128.91+0.57%
as of close, Oct 2, 2026
☾ AH $128.91 +0.57%
PLD financial statements
The full income statement, balance sheet, and cash-flow statement for Prologis Inc. (PLD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-03 925.8M2024-06 925.9M2024-09 926.2M2024-12 926.9M2025-03 927.9M2025-06 928.1M2025-09 928.9M2025-12 929.6M2026-03 932.3M+0.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.79B+7.2% | 8.20B+2.2% | 8.02B+34.3% | 5.97B+25.5% | 4.76B+7.2% | |
| -2.28B-8.4% | -2.10B-2.0% | -2.06B-33.2% | -1.55B | — | ||
| Selling, general & administrative | 469M+12.0% | 419M+7.3% | 390M+17.9% | 331M+12.9% | 293M+6.7% | |
| General & administrative | 469M+12.0% | 419M+7.3% | 390M+17.9% | 331M+12.9% | 293M+6.7% | |
| Operating income | 4.36B-1.3% | 4.42B+19.1% | 3.71B+6.9% | 3.47B+8.1% | 3.21B+51.3% | |
| Interest expense | 1.00B+16.0% | 864M+34.7% | 641M+107.5% | 309M+16.1% | 266M-15.4% | |
| Other non-operating income | -589M-95.5% | -301M-23.6% | -244M-209.1% | 223M+25534.0% | 871K-16.6% | |
| Equity-method income | 403M+13.8% | 354M+15.1% | 307M-1.2% | 311M-23.1% | 404M+35.9% | |
| Pre-tax income | 3.77B-8.4% | 4.11B+18.8% | 3.46B-6.1% | 3.69B+11.1% | 3.32B+90.2% | |
| Income tax | 204M+22.2% | 167M-20.9% | 211M+55.8% | 135M-22.3% | 174M+33.6% | |
| 3.33B-10.8% | 3.73B+22.0% | 3.06B-9.1% | 3.36B+14.5% | 2.94B+98.4% | ||
| Net income to non-controlling interest | 237M+9.6% | 216M+11.5% | 194M+1.8% | 191M-8.8% | 209M+54.9% | |
| Net income to common | 3.32B-10.8% | 3.73B+22.0% | 3.05B-9.1% | 3.36B+14.5% | 2.93B+99.1% | |
| $3.56-11.2% | $4.01+21.9% | $3.29-22.6% | $4.25+7.9% | $3.94+96.0% | ||
| EPS (basic) | $3.58-10.9% | $4.02+21.8% | $3.30-22.9% | $4.28+7.8% | $3.97+96.5% | |
| Weighted-avg shares (basic) | 928M+0.2% | 926M+0.2% | 924M+17.7% | 786M+6.3% | 739M+1.5% | |
| Weighted-avg shares (diluted) | 957M+0.3% | 954M+0.2% | 952M+17.3% | 812M+6.1% | 765M+1.4% | |
| Dividends per share | $4.04+5.2% | $3.84+10.3% | $3.48+10.1% | $3.16+25.4% | $2.52+8.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.15B-13.1% | 1.32B+148.8% | 530M+90.6% | 278M-50.0% | 556M-7.0% | |
| 98.7B+3.6% | 95.3B+2.5% | 93.0B+5.8% | 87.9B+50.3% | 58.5B+4.3% | ||
| Property, plant & equipment | 222M+4.4% | 212M+2.1% | 208M+73.5% | 120M+1.6% | 118M+0.3% | |
| Operating lease right-of-use | 672M-5.1% | 708M+3.5% | 684M-7.0% | 735M+60.1% | 459M-6.8% | |
| Intangible assets | 1.50B-4.3% | 1.56B-7.0% | 1.68B-3.1% | 1.73B+75.2% | 989M-6.1% | |
| 41.0B+11.6% | 36.7B+4.3% | 35.2B+17.2% | 30.0B+44.8% | 20.7B+5.1% | ||
| Long-term debt | 35.0B+13.5% | 30.9B+6.5% | 29.0B+21.5% | 23.9B+10989.6% | 215M-98.7% | |
| Operating lease liability (total) | 644M+4.6% | 615M+3.0% | 598M-6.5% | 639M+42.5% | 448M-7.9% | |
| Deferred tax liabilities | 156M+10.6% | 141M+18.9% | 119M+19.0% | 99.8M+33.0% | 75.0M-13.0% | |
| 53.2B-1.4% | 54.0B+1.4% | 53.2B-0.1% | 53.2B+59.3% | 33.4B+4.6% | ||
| Preferred stock | 63.9M+0.0% | 63.9M+0.0% | 63.9M+0.0% | 63.9M+0.0% | 63.9M+0.0% | |
| Common stock | 9.29M+0.3% | 9.26M+0.2% | 9.24M+0.1% | 9.23M+24.8% | 7.40M+0.1% | |
| Additional paid-in capital | 54.7B+0.4% | 54.5B+0.4% | 54.2B+0.3% | 54.1B+52.0% | 35.6B+0.2% | |
| Retained earnings | -902M-93.7% | -466M+25.7% | -627M-37.0% | -458M+65.5% | -1.33B+44.6% | |
| Accumulated other comprehensive income | -676M-462.6% | -120M+76.6% | -514M-15.9% | -444M+49.5% | -878M+26.4% | |
| Non-controlling interest | 4.56B-2.2% | 4.67B+0.5% | 4.64B+0.3% | 4.63B+7.2% | 4.32B-0.9% | |
| Total equity incl. non-controlling | 57.8B-1.5% | 58.6B+1.4% | 57.8B-0.1% | 57.9B+53.3% | 37.7B+3.9% | |
| Total liabilities & equity | 98.7B+3.6% | 95.3B+2.5% | 93.0B+5.8% | 87.9B+50.3% | 58.5B+4.3% | |
| Common shares issued | 929M+0.3% | 926M+0.2% | 924M+0.1% | 923M+24.8% | 740M+0.1% | |
| Common shares outstanding | 929M+0.3% | 926M+0.2% | 924M+0.1% | 923M+24.8% | 740M+0.1% | |
| Shares outstanding (cover) | 930M+0.3% | 927M+0.2% | 925M+0.2% | 923M+24.8% | 740M+0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.01B+2.0% | 4.91B-8.6% | 5.37B+30.2% | 4.13B+37.7% | 3.00B+2.0% | ||
| Depreciation & amortization | 2.63B+1.8% | 2.58B+3.8% | 2.48B+37.1% | 1.81B+14.9% | 1.58B+1.0% | |
| Share-based compensation | 185M-20.0% | 232M-13.4% | 268M+52.6% | 175M+55.1% | 113M+2.9% | |
| Deferred income taxes | 4.31M-79.6% | 21.2M+19.5% | 17.7M+40.1% | 12.6M+856.0% | 1.32M+77.7% | |
| -3.63B-17.1% | -3.10B+51.7% | -6.42B-42.7% | -4.50B-126.1% | -1.99B+35.3% | ||
| Capital expenditure | 1.80B-22.6% | 2.33B-44.5% | 4.20B+68.4% | 2.49B+7.4% | 2.32B+87.3% | |
| Free cash flow | 3.21B+24.1% | 2.58B+119.5% | 1.18B-28.0% | 1.63B+141.9% | 676M-60.2% | |
| Acquisitions | 0.00 | 0.00-100.0% | 33.0M-64.1% | 92.1M | 0.00 | |
| -1.56B-56.4% | -1000M-175.7% | 1.32B+1040.2% | 116M+111.5% | -1.01B-170.9% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 3.76B+5.4% | 3.57B+10.6% | 3.23B+29.4% | 2.49B+33.2% | 1.87B+8.7% | |
| FX effect on cash | — | — | — | — | -39.6M-311.7% | |
| Net change in cash | -173M-121.9% | 788M+212.9% | 252M+190.7% | -278M-561.5% | -42.0M+91.4% | |
| Interest paid | 842M+18.5% | 711M+55.5% | 457M+95.2% | 234M-16.0% | 279M-9.9% | |
| Income taxes paid | 143M+9.9% | 130M-12.9% | 149M+14.7% | 130M-12.6% | 149M+47.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 119B+21.1% | 98.0B-20.5% | 123B+18.4% | 104B-16.5% | 125B+69.0% | |
| P/E | 35.7×+35.8% | 26.3×-35.7% | 40.8×+58.0% | 25.8×-39.0% | 42.4×-14.8% | |
| P/S | 13.5×+13.0% | 11.9×-23.5% | 15.6×-17.5% | 18.9×-27.7% | 26.2×+57.7% | |
| P/B | 2.2×+22.9% | 1.8×-20.9% | 2.3×-22.1% | 2.9×-20.9% | 3.7×+61.7% | |
| P/FCF | 37.0×-2.4% | 37.9×-48.7% | 73.9×-85.2% | 497.7×+169.9% | 184.4×+324.9% | |
| Earnings yield | 2.8%-26.4% | 3.8%+55.6% | 2.4%-36.7% | 3.9%+64.0% | 2.4%+17.4% | |
| FCF yield | 2.7%+2.5% | 2.6%+94.9% | 1.4%+573.9% | 0.20%-62.9% | 0.54%-76.5% | |
| Dividend yield | 3.2%-12.9% | 3.6%+39.2% | 2.6%-6.9% | 2.8%+87.3% | 1.5%-35.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PLD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PLD filings on SEC EDGAR → Not investment advice.