Welltower (WELL) Operating Expenses (2009 - 2026)

Welltower (WELL) has 18 years of Operating Expenses data on file, last reported at $3.0 billion in Q1 2026.

• Operating Expenses for Q1 2026 came in at $3.0 billion, up 35.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $12.1 billion (up 51.78% YoY), and the FY2025 annual result was $11.3 billion, up 51.58% from the prior year.
• Operating Expenses slipped to $3.0 billion in Q1 2026 per WELL's latest filing, from $4.5 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $4.5 billion in Q4 2025 and troughed at $1.3 billion in Q1 2022.
• A 5-year average of $2.0 billion and a median of $1.7 billion in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses grew 8.32% in 2023, then soared 107.84% in 2025.
• A 5-year view of Operating Expenses shows it stood at $1.5 billion in 2022, then grew by 9.96% to $1.7 billion in 2023, then rose by 28.83% to $2.1 billion in 2024, then soared by 107.84% to $4.5 billion in 2025, then plunged by 32.45% to $3.0 billion in 2026.
• Business Quant data shows WELL's Operating Expenses at $3.0 billion in Q1 2026, $4.5 billion in Q4 2025, and $2.4 billion in Q3 2025.