Welltower revenue and financials
$225.78Change from previous close: +0.72%Absolute change: +$1.62
In the fiscal year ended December 2025, Welltower reported revenue of $10.84B (+35.63% year over year). Net income was $961.84M, a net margin of 8.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +35.63%
- 2025 vs 2024
- Net income growth
- −1.13%
- 2025 vs 2024
- Net margin
- 8.9%
- 2024: 12.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| 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 |