Ventas annual operating expenses
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Ventas Operating Expenses Growth & History (VTR)
Ventas's operating expenses was $5.63B for fiscal 2025.
View full Ventas company overviewVentas annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.63B | $697.4M | +14.14% |
| 2024 | 2024-12-31 | $4.93B | $318.9M | +6.91% |
| 2023 | 2023-12-31 | $4.61B | $390.1M | +9.24% |
| 2022 | 2022-12-31 | $4.22B | $232.9M | +5.84% |
| 2021 | 2021-12-31 | $3.99B | $275.6M | +7.42% |
| 2020 | 2020-12-31 | $3.71B | $201.4M | +5.73% |
| 2019 | 2019-12-31 | $3.51B | $152.3M | +4.53% |
| 2018 | 2018-12-31 | $3.36B | $371.5M | +12.43% |
| 2017 | 2017-12-31 | $2.99B | $64.4M | +2.20% |
| 2016 | 2016-12-31 | $2.93B | −$9.7M | −0.33% |
| 2015 | 2015-12-31 | $2.93B | $508.6M | +20.96% |
| 2014 | 2014-12-31 | $2.43B | $273.7M | +12.71% |
| 2013 | 2013-12-31 | $2.15B | −$33.8M | −1.55% |
| 2012 | 2012-12-31 | $2.19B | $785.0M | +56.02% |
| 2011 | 2011-12-31 | $1.40B | $623.5M | +80.16% |
| 2010 | 2010-12-31 | $777.8M | $45.9M | +6.27% |
| 2009 | 2009-12-31 | $731.9M | −$49.7M | −6.36% |
| 2008 | 2008-12-31 | $781.6M | $145.3M | +22.83% |
| 2007 | 2007-12-31 | $636.3M | — | — |
Ventas quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.68B | $297.1M | +21.56% |
| Q1 2026 | 2026-03-31 | $1.62B | $304.4M | +23.11% |
| Q4 2025 | 2025-12-31 | $1.49B | $202.2M | +15.70% |
| Q3 2025 | 2025-09-30 | $1.44B | $227.3M | +18.68% |
| Q2 2025 | 2025-06-30 | $1.38B | $158.2M | +12.96% |
| Q1 2025 | 2025-03-31 | $1.32B | $109.7M | +9.09% |
| Q4 2024 | 2024-12-31 | $1.29B | $10.2M | +0.80% |
| Q3 2024 | 2024-09-30 | $1.22B | −$9.4M | −0.77% |
| Q2 2024 | 2024-06-30 | $1.22B | $176.3M | +16.90% |
| Q1 2024 | 2024-03-31 | $1.21B | $141.7M | +13.30% |
| Q4 2023 | 2023-12-31 | $1.28B | $142.8M | +12.59% |
| Q3 2023 | 2023-09-30 | $1.23B | $184.3M | +17.68% |
| Q2 2023 | 2023-06-30 | $1.04B | −$23.1M | −2.17% |
| Q1 2023 | 2023-03-31 | $1.07B | $86.1M | +8.79% |
| Q4 2022 | 2022-12-31 | $1.13B | $45.8M | +4.21% |
| Q3 2022 | 2022-09-30 | $1.04B | −$20.2M | −1.90% |
| Q2 2022 | 2022-06-30 | $1.07B | $193.6M | +22.16% |
| Q1 2022 | 2022-03-31 | $979.6M | $13.8M | +1.43% |
| Q4 2021 | 2021-12-31 | $1.09B | $239.0M | +28.13% |
| Q3 2021 | 2021-09-30 | $1.06B | $140.7M | +15.26% |
| Q2 2021 | 2021-06-30 | $873.3M | −$168.2M | −16.15% |
| Q1 2021 | 2021-03-31 | $965.8M | $64.1M | +7.11% |
| Q4 2020 | 2020-12-31 | $849.7M | −$134.3M | −13.64% |
| Q3 2020 | 2020-09-30 | $921.9M | $26.8M | +2.99% |
| Q2 2020 | 2020-06-30 | $1.04B | $228.3M | +28.07% |
| Q1 2020 | 2020-03-31 | $901.7M | $80.6M | +9.82% |
| Q4 2019 | 2019-12-31 | $984.0M | $92.2M | +10.34% |
| Q3 2019 | 2019-09-30 | $895.1M | $55.2M | +6.58% |
| Q2 2019 | 2019-06-30 | $813.2M | $10.0M | +1.24% |
| Q1 2019 | 2019-03-31 | $821.0M | −$5.1M | −0.62% |
| Q4 2018 | 2018-12-31 | $891.8M | $133.0M | +17.53% |
| Q3 2018 | 2018-09-30 | $839.9M | $88.3M | +11.75% |
| Q2 2018 | 2018-06-30 | $803.2M | $57.9M | +7.77% |
| Q1 2018 | 2018-03-31 | $826.1M | $92.3M | +12.58% |
| Q4 2017 | 2017-12-31 | $758.8M | $20.6M | +2.79% |
| Q3 2017 | 2017-09-30 | $751.6M | $25.4M | +3.50% |
| Q2 2017 | 2017-06-30 | $745.3M | $21.7M | +3.01% |
| Q1 2017 | 2017-03-31 | $733.8M | −$3.3M | −0.45% |
| Q4 2016 | 2016-12-31 | $738.2M | $8.8M | +1.21% |
| Q3 2016 | 2016-09-30 | $726.1M | −$66.0M | −8.33% |
| Q2 2016 | 2016-06-30 | $723.5M | $26.4M | +3.78% |
| Q1 2016 | 2016-03-31 | $737.2M | $21.1M | +2.94% |
| Q4 2015 | 2015-12-31 | $729.4M | $164.6M | +29.15% |
| Q3 2015 | 2015-09-30 | $792.1M | $173.2M | +27.98% |
| Q2 2015 | 2015-06-30 | $697.1M | $75.7M | +12.19% |
| Q1 2015 | 2015-03-31 | $716.1M | $95.1M | +15.31% |
| Q4 2014 | 2014-12-31 | $564.8M | $121.8M | +27.50% |
| Q3 2014 | 2014-09-30 | $618.9M | $32.5M | +5.55% |
| Q2 2014 | 2014-06-30 | $621.4M | $58.8M | +10.46% |
| Q1 2014 | 2014-03-31 | $621.0M | $60.5M | +10.79% |
| Q4 2013 | 2013-12-31 | $442.9M | −$110.4M | −19.95% |
| Q3 2013 | 2013-09-30 | $586.4M | $37.3M | +6.79% |
| Q2 2013 | 2013-06-30 | $562.6M | −$12.6M | −2.20% |
| Q1 2013 | 2013-03-31 | $560.6M | $51.9M | +10.20% |
| Q4 2012 | 2012-12-31 | $553.3M | — | — |
| Q3 2012 | 2012-09-30 | $549.1M | — | — |
| Q2 2012 | 2012-06-30 | $575.2M | $228.2M | +65.77% |
| Q1 2012 | 2012-03-31 | $508.7M | $285.5M | +127.92% |
| Q2 2011 | 2011-06-30 | $347.0M | $157.2M | +82.82% |
| Q1 2011 | 2011-03-31 | $223.2M | $35.0M | +18.60% |
| Q2 2010 | 2010-06-30 | $189.8M | $4.8M | +2.57% |
| Q1 2010 | 2010-03-31 | $188.2M | $4.5M | +2.47% |
| Q4 2009 | 2009-12-31 | $178.0M | — | — |
| Q3 2009 | 2009-09-30 | $185.2M | −$10.4M | −5.33% |
| Q2 2009 | 2009-06-30 | $185.0M | −$5.8M | −3.06% |
| Q1 2009 | 2009-03-31 | $183.6M | — | — |
| Q3 2008 | 2008-09-30 | $195.6M | — | — |
| Q2 2008 | 2008-06-30 | $190.9M | — | — |
Ventas operating expenses trends
Over the last five fiscal years, Ventas's operating expenses increased from $3.71B to $5.63B, a change of $1.91B. The latest reported quarter, Q2 2026, shows $1.68B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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