Welltower (WELL) Operating Income (2010 - 2026)
Welltower's Operating Income was $320.43 million in Q2 2026, up 7.4% from $298.21 million a year earlier but down 7.2% from the prior quarter.
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Analysis
Welltower (WELL) Operating Income (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Welltower's Operating Income was -$2.25 billion through Jun 30, 2026; for FY2025, it was -$6.97 billion.
- In earlier years, Operating Income was $524.44 million in FY2024 (-45.3%), $957.89 million in FY2023 (+36.3%), $702.58 million in FY2022 (+6.4%) and $660.6 million in FY2021 (+36.8%).
- Quarterly Operating Income has moved between -$3.2 billion (Q4 2025) and $345.24 million (Q1 2026) over five years.
- Compared with a year earlier, Operating Income was higher in four of the last seven quarters, with growth averaging 8.6%.
- The best year-over-year quarter for Operating Income over five years was Q3 2021 (growth of 391.1%); the worst was Q4 2024 (a decline of 54.9%).
- Per Business Quant data, WELL's Operating Income in the three quarters before Q2 2026 was $345.24 million (Q1 2026), -$3.2 billion (Q4 2025) and $293.11 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 181.70 Bn | 168.77 Bn | 1.47 Bn | 530.61 Mn |
| 2 | Prologis | 123.65 Bn | 122.03 Bn | - | 1.04 Bn |
| 3 | Simon Property | 80.48 Bn | 78.58 Bn | - | 804.45 Mn |
| 4 | Public Storage | 62.76 Bn | 62.20 Bn | 112.08 Mn | 316.96 Mn |
| 5 | Realty Income | 56.61 Bn | 57.99 Bn | - | - |
| 6 | Ryman Hospitality Properties | 47.80 Bn | 46.64 Bn | 266.41 Mn | 94.33 Mn |
| 7 | Ventas | 47.78 Bn | 46.95 Bn | -3.39 Bn | 723.47 Mn |
| 8 | Vivmark Residential | 38.23 Bn | 37.98 Bn | - | - |
| 9 | Extra Space Storage | 33.20 Bn | 32.98 Bn | 650.96 Mn | 391.87 Mn |
| 10 | Vici Properties | 27.53 Bn | 26.31 Bn | 1.06 Bn | 556.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 530.61 Mn |
| Jun 30, 2026 | 502.34 Mn |
| Mar 31, 2026 | 537.96 Mn |
| Dec 31, 2025 | -1.07 Bn |
| Sep 30, 2025 | 455.16 Mn |
| Jun 30, 2025 | 439.37 Mn |
| Mar 31, 2025 | 343.67 Mn |
| Dec 31, 2024 | 263.71 Mn |
| Sep 30, 2024 | 322.92 Mn |
| Jun 30, 2024 | 223.86 Mn |
| Mar 31, 2024 | 288.22 Mn |
| Dec 31, 2023 | 242.04 Mn |
| Sep 30, 2023 | 228.77 Mn |
| Jun 30, 2023 | 304.68 Mn |
| Mar 31, 2023 | 182.41 Mn |
| Dec 31, 2022 | 147.17 Mn |
| Sep 30, 2022 | 145.92 Mn |
| Jun 30, 2022 | 237.08 Mn |
| Mar 31, 2022 | 172.41 Mn |
| Dec 31, 2021 | 190.59 Mn |
API Access
Welltower Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=WELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "WELL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=WELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();