Growth Metrics

Welltower (WELL) Operating Expenses (2016 - 2026)

Welltower has reported Operating Expenses over the past 18 years, most recently at $3.0 billion for Q1 2026.

  • Quarterly Operating Expenses rose 35.17% to $3.0 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $12.1 billion through Mar 2026, up 51.78% year-over-year, with the annual reading at $11.3 billion for FY2025, 51.58% up from the prior year.
  • Operating Expenses was $3.0 billion for Q1 2026 at Welltower, down 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.
  • The 5-year median for Operating Expenses is $1.7 billion (2024), against an average of $2.0 billion.
  • Year-over-year, Operating Expenses grew 8.32% in 2023 and 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 plummeted by 32.45% to $3.0 billion in 2026.
  • Per Business Quant, the three most recent readings for WELL's Operating Expenses are $3.0 billion (Q1 2026), $4.5 billion (Q4 2025), and $2.4 billion (Q3 2025).