Welltower (WELL) Operating Expenses (2016 - 2025)

Welltower (WELL) has disclosed Operating Expenses for 17 consecutive years, with $4.5 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 107.84% to $4.5 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $11.3 billion, a 51.58% increase, with the full-year FY2025 number at $11.3 billion, up 51.58% from a year prior.
  • Operating Expenses was $4.5 billion for Q4 2025 at Welltower, up from $2.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.5 billion in Q4 2025 to a low of $1.0 billion in Q1 2021.
  • A 5-year average of $1.8 billion and a median of $1.6 billion in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: decreased 11.4% in 2021, then soared 107.84% in 2025.
  • Welltower's Operating Expenses stood at $1.2 billion in 2021, then rose by 21.86% to $1.5 billion in 2022, then increased by 9.96% to $1.7 billion in 2023, then grew by 28.83% to $2.1 billion in 2024, then skyrocketed by 107.84% to $4.5 billion in 2025.
  • Per Business Quant, the three most recent readings for WELL's Operating Expenses are $4.5 billion (Q4 2025), $2.4 billion (Q3 2025), and $2.3 billion (Q2 2025).