Welltower (WELL) Operating Income (2018 - 2026)
Welltower's (WELL) quarterly Operating Income came in at -$1.8 billion in Q2 2026, down 50.41% year-over-year from -$3.7 billion in Q2 2025, and down 6.99% quarter-over-quarter from -$1.7 billion in Q1 2026.
Analysis
Welltower (WELL) Operating Income (2018 - 2026) Analysis & Trends
Welltower (WELL) has reported Operating Income for 9 consecutive years, with -$1.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income fell 50.41% year-over-year to -$1.8 billion in Q2 2026; TTM through Jun 2026 was -$8.0 billion, a 66.93% decrease from a year earlier, with the FY2025 full-year figure at -$7.0 billion, down 61.83% from the prior year.
- Operating Income was -$1.8 billion for Q2 2026 at Welltower, down from -$1.7 billion in the prior quarter.
- Over five years, Operating Income peaked at -$744.8 million in Q2 2022 and troughed at -$3.2 billion in Q4 2025.
- A 5-year average of -$1.2 billion and a median of -$988.4 million in 2024 frame the typical range for Operating Income.
- Across the five-year window, Operating Income retreated 1.78% in 2023 and sank 146.45% in 2025, its largest moves.
- Over 5 years, Operating Income stood at -$932.1 million in 2022, then decreased by 1.78% to -$948.6 million in 2023, then plunged by 37.05% to -$1.3 billion in 2024, then slumped by 146.45% to -$3.2 billion in 2025, then jumped by 42.89% to -$1.8 billion in 2026.
- The last three Operating Income figures came in at -$1.8 billion (Q2 2026), -$1.7 billion (Q1 2026), and -$3.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.67 Bn | 165.71 Bn | 1.39 Bn | -1.83 Bn |
| 2 | Ventas | 43.73 Bn | 43.53 Bn | 1.73 Bn | 49.79 Mn |
| 3 | Omega Healthcare Investors | 14.11 Bn | 14.11 Bn | - | 330.91 Mn |
| 4 | Healthpeak Properties | 14.09 Bn | 14.09 Bn | - | - |
| 5 | American Healthcare REIT | 10.39 Bn | 10.19 Bn | 149.41 Mn | -482.40 Mn |
| 6 | CareTrust REIT | 9.12 Bn | 9.12 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.48 Bn | 6.48 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.25 Bn | 5.25 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.46 Bn | 4.34 Bn | 298.67 Mn | -67.23 Mn |
| 10 | National Health Investors | 3.39 Bn | 3.39 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.83 Bn |
| Mar 31, 2026 | -1.71 Bn |
| Dec 31, 2025 | -3.20 Bn |
| Sep 30, 2025 | -1.28 Bn |
| Jun 30, 2025 | -1.22 Bn |
| Mar 31, 2025 | -1.26 Bn |
| Dec 31, 2024 | -1.30 Bn |
| Sep 30, 2024 | -1.03 Bn |
| Jun 30, 2024 | -1.02 Bn |
| Mar 31, 2024 | -956.01 Mn |
| Dec 31, 2023 | -948.62 Mn |
| Sep 30, 2023 | -923.04 Mn |
| Jun 30, 2023 | -806.33 Mn |
| Mar 31, 2023 | -919.75 Mn |
| Dec 31, 2022 | -932.06 Mn |
| Sep 30, 2022 | -905.94 Mn |
| Jun 30, 2022 | -744.76 Mn |
| Mar 31, 2022 | -802.96 Mn |
| Dec 31, 2021 | -716.43 Mn |
| Sep 30, 2021 | -638.25 Mn |