WelltowerWELLEarnings & Financial Report
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
WELL Q1 FY2026 Key Financial Metrics
Revenue
$3.4B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$752.3M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
22.4%
YoY Growth
38.3%
Welltower Q1 FY2026 Financial Summary
Welltower reported revenue of $3.4B (up 38.3% YoY) for Q1 FY2026, with a net profit of $752.3M (up 192.4% YoY) (22.4% margin).
Key Financial Metrics
| Total Revenue | $3.4B |
|---|---|
| Net Profit | $752.3M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Welltower Q1 FY2026 revenue of $3.4B breaks down across 3 segments, led by Resident fees and services at $2.8B (83.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Resident fees and services | $2.8B | 83.0% |
| Rental income | $453.8M | 13.5% |
| Other | $117.2M | 3.5% |
Welltower Annual Revenue by Year
Welltower annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.5B).
Welltower Quarterly Revenue & Net Profit History
Welltower results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.4B | +38.3% | $752.3M | 22.4% |
| Q4 FY2025 | $2.6B | +45.1% | $117.8M | 4.6% |
| Q3 FY2025 | $2.1B | +36.4% | $282.2M | 13.7% |
| Q2 FY2025 | $2.0B | +41.4% | $304.6M | 15.5% |
| Q1 FY2025 | $1.9B | +37.1% | $257.3M | 13.8% |
| Q4 FY2024 | $1.8B | +39.5% | $123.8M | 7.0% |
| Q3 FY2024 | $1.5B | +26.0% | $456.8M | 30.2% |
| Q2 FY2024 | $1.4B | +20.2% | $260.7M | 18.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.51B | $1.76B | $1.86B | $1.97B | $2.06B | $2.56B | $3.35B |
| YoY Growth | 20.2% | 26.0% | 39.5% | 37.1% | 41.4% | 36.4% | 45.1% | 38.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $45.53B | $48.95B | $51.04B | $53.29B | $55.83B | $59.50B | $67.30B | $67.22B |
| Liabilities | $15.85B | $17.89B | $18.47B | $18.71B | $19.29B | $20.19B | $24.10B | $22.29B |
| Equity | $28.98B | $30.33B | $31.96B | $33.96B | $35.90B | $38.76B | $42.13B | $44.73B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $605.4M | $685.0M | $559.2M | $599.0M | $770.0M | $858.4M | $654.3M |