Welltower (WELL) Operating Expenses (2009 - 2026)

Welltower (WELL) has reported Operating Expenses for 18 consecutive years, with $3.2 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 43.29% year-over-year to $3.2 billion in Q2 2026; TTM through Jun 2026 was $13.1 billion, a 54.04% increase from a year earlier, with the FY2025 full-year figure at $11.3 billion, up 51.58% from the prior year.
• Operating Expenses was $3.2 billion for Q2 2026 at Welltower, up from $3.0 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 $2.1 billion and a median of $1.7 billion in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses climbed 8.32% in 2023 and surged 107.84% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $1.5 billion in 2022, then climbed by 9.96% to $1.7 billion in 2023, then increased by 28.83% to $2.1 billion in 2024, then surged by 107.84% to $4.5 billion in 2025, then decreased by 27.56% to $3.2 billion in 2026.
• The last three Operating Expenses figures came in at $3.2 billion (Q2 2026), $3.0 billion (Q1 2026), and $4.5 billion (Q4 2025), per Business Quant data.