Welltower (WELL) Operating Income (2018 - 2026)
Welltower (WELL) posted quarterly Operating Income of -$1.8 billion for 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.
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.
- In Q2 2026, Operating Income fell 50.41% year-over-year to -$1.8 billion; the TTM figure through Jun 2026 stood at -$8.0 billion (down 66.93% YoY), while the FY2025 annual figure was -$7.0 billion, down 61.83% from the prior year.
- Operating Income declined to -$1.8 billion in Q2 2026 per WELL's latest filing, from -$1.7 billion in the prior quarter.
- Across five years, Operating Income topped out at -$744.8 million in Q2 2022 and bottomed at -$3.2 billion in Q4 2025.
- Historically, Operating Income has averaged -$1.2 billion across 5 years, with a median of -$988.4 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Income decreased 1.78% — and 2025, when it plunged 146.45%.
- Welltower's Operating Income stood at -$932.1 million in 2022, then dropped 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 soared by 42.89% to -$1.8 billion in 2026.
- Business Quant data shows WELL's Operating Income at -$1.8 billion in Q2 2026, -$1.7 billion in Q1 2026, and -$3.2 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 168.28 Bn | 166.31 Bn | 1.39 Bn | -1.83 Bn |
| 2 | Ventas | 45.36 Bn | 45.17 Bn | 1.73 Bn | 49.79 Mn |
| 3 | Healthpeak Properties | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Omega Healthcare Investors | 13.98 Bn | 13.98 Bn | - | 330.91 Mn |
| 5 | American Healthcare REIT | 10.76 Bn | 10.56 Bn | 149.41 Mn | -482.40 Mn |
| 6 | CareTrust REIT | 9.30 Bn | 9.30 Bn | - | - |
| 7 | Healthcare Realty Trust | 6.66 Bn | 6.66 Bn | - | - |
| 8 | Sabra Health Care REIT | 5.18 Bn | 5.18 Bn | - | - |
| 9 | Diversified Healthcare Trust | 4.52 Bn | 4.40 Bn | 298.67 Mn | -67.23 Mn |
| 10 | National Health Investors | 3.58 Bn | 3.58 Bn | - | - |
Historic Data
Download 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 |