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.

• On a quarterly basis, Operating Expenses rose 35.17% year-over-year to $3.0 billion in Q1 2026; TTM through Mar 2026 was $12.1 billion, a 51.78% increase from a year earlier, with the FY2025 full-year figure at $11.3 billion, up 51.58% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.0 billion, down from $4.5 billion in the prior quarter.
• Over the last five years, Operating Expenses for WELL reached as high as $4.5 billion in Q4 2025 and fell as low as $1.3 billion in Q1 2022.
• Historically, Operating Expenses has averaged $2.0 billion across 5 years, with a median of $1.7 billion in 2024.
• Across the five-year window, Operating Expenses advanced 8.32% in 2023 and jumped 107.84% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $1.5 billion in 2022, then gained by 9.96% to $1.7 billion in 2023, then climbed by 28.83% to $2.1 billion in 2024, then soared by 107.84% to $4.5 billion in 2025, then sank by 32.45% to $3.0 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $3.0 billion in Q1 2026, $4.5 billion in Q4 2025, and $2.4 billion in Q3 2025.