Welltower

WELL · NYSE · USD

$227.71+0.34%+$0.77

Close · October 2, 2026

At a glance

Revenue growth: +35.63%; 2025 vs 2024
Net income growth: −1.56%; 2025 vs 2024
Net margin: 8.6%; 2024: 11.9%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	3,545	3,352	3,181	2,686	2,548	2,423	2,251	2,056	1,825	1,860	—	—
Cost of revenue	2,152	2,057	1,927	1,578	1,514	1,460	1,409	1,217	1,116	1,098	—	—
Gross profit	1,392	1,295	1,254	1,108	1,035	963	842	839	708	762	—	—
Selling, general and administrative	67.5	67.5	1,557	63.1	64.2	63.8	48.7	77.9	55.6	53.3	—	—
Operating income	587	605	-897	535	475	413	313	357	271	343	—	—
EBIT	587	605	-897	535	475	413	313	357	271	343	286	212
EBITDA	1,336	1,237	-290	1,058	984	913	797	776	668	722	678	562
Interest expense	182	193	204	162	141	145	154	139	133	147	—	—
Pre-tax income	401	764	113	285	306	252	124	452	262	138	83.7	139
Income tax	-62.0	11.6	-5.0	2.3	1.1	-5.5	0.1	-4.7	1.1	6.2	-4.8	4.6
Net income	445	729	96.4	281	302	258	120	450	255	127	83.9	127
Net income to common shareholders	445	729	96.4	281	302	258	120	450	255	127	83.9	127
Basic EPS	0.63	1.04	0.14	0.42	0.46	0.40	0.19	0.74	0.42	0.22	0.15	0.24
Diluted EPS	0.61	1.02	0.14	0.41	0.45	0.40	0.19	0.73	0.42	0.22	0.15	0.24
Average shares (basic)	710	700	690	672	657	643	626	611	601	574	549	522
Average shares (diluted)	738	726	710	685	668	654	634	618	605	578	552	525
Dividend per share	0.85	0.74	0.74	0.74	0.74	0.67	0.67	0.67	0.67	0.61	0.61	0.61