Although randomization has long been used in distributed computing, formal methods for reasoning aboutprobabilistic concurrent programs have lagged behind. No existing program logics can express specificationsabout the full distributions of outcomes resulting from programs that are both probabilistic and concurrent. To address this, we introduce Probabilistic Concurrent Outcome Logic ( pcOL ), which incorporates ideas fromconcurrent and probabilistic separation logics into Outcome Logic to introduce new compositional reasoningprinciples. At its core, pcOL reinterprets the rules of Concurrent Separation Logic in a setting where separationmodels probabilistic independence, so as to compositionally describe joint distributions over variables inconcurrent threads. Reasoning about outcomes also proves crucial, as case analysis is often necessary to deriveprecise information about threads that rely on randomized shared state. We demonstrate pcOL on a variety ofexamples, including to prove almost sure termination of unbounded loops.