Welltower annual operating expenses
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Welltower Operating Expenses Growth & History (WELL)
Welltower's operating expenses was $11.32B for fiscal 2025.
View full Welltower company overviewWelltower annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $11.32B | $3.85B | +51.58% |
| 2024 | 2024-12-31 | $7.47B | $1.18B | +18.75% |
| 2023 | 2023-12-31 | $6.29B | $600.4M | +10.56% |
| 2022 | 2022-12-31 | $5.69B | $1.12B | +24.42% |
| 2021 | 2021-12-31 | $4.57B | −$66.2M | −1.43% |
| 2020 | 2020-12-31 | $4.64B | $59.1M | +1.29% |
| 2019 | 2019-12-31 | $4.58B | $301.4M | +7.05% |
| 2018 | 2018-12-31 | $4.28B | $260.0M | +6.47% |
| 2017 | 2017-12-31 | $4.02B | $445.1M | +12.46% |
| 2016 | 2016-12-31 | $3.57B | $348.2M | +10.80% |
| 2015 | 2015-12-31 | $3.22B | $264.4M | +8.93% |
| 2014 | 2014-12-31 | $2.96B | $181.0M | +6.51% |
| 2013 | 2013-12-31 | $2.78B | $1.16B | +71.60% |
| 2012 | 2012-12-31 | $1.62B | $418.2M | +34.82% |
| 2011 | 2011-12-31 | $1.20B | $658.9M | +121.55% |
| 2010 | 2010-12-31 | $542.1M | $164.0M | +43.36% |
| 2009 | 2009-12-31 | $378.1M | $3.5M | +0.93% |
| 2008 | 2008-12-31 | $374.6M | — | — |
Welltower quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $3.01B | $782.3M | +35.17% |
| Q4 2025 | 2025-12-31 | $4.45B | $2.31B | +107.84% |
| Q3 2025 | 2025-09-30 | $2.39B | $520.8M | +27.82% |
| Q2 2025 | 2025-06-30 | $2.25B | $515.6M | +29.73% |
| Q1 2025 | 2025-03-31 | $2.22B | $505.5M | +29.41% |
| Q4 2024 | 2024-12-31 | $2.14B | $479.3M | +28.83% |
| Q3 2024 | 2024-09-30 | $1.87B | $282.0M | +17.74% |
| Q2 2024 | 2024-06-30 | $1.73B | $221.3M | +14.63% |
| Q1 2024 | 2024-03-31 | $1.72B | $196.1M | +12.88% |
| Q4 2023 | 2023-12-31 | $1.66B | $150.6M | +9.96% |
| Q3 2023 | 2023-09-30 | $1.59B | $122.2M | +8.32% |
| Q2 2023 | 2023-06-30 | $1.51B | $149.9M | +11.00% |
| Q1 2023 | 2023-03-31 | $1.52B | $177.7M | +13.21% |
| Q4 2022 | 2022-12-31 | $1.51B | $271.2M | +21.86% |
| Q3 2022 | 2022-09-30 | $1.47B | $319.0M | +27.77% |
| Q2 2022 | 2022-06-30 | $1.36B | $229.1M | +20.20% |
| Q1 2022 | 2022-03-31 | $1.34B | $296.9M | +28.33% |
| Q4 2021 | 2021-12-31 | $1.24B | $88.3M | +7.67% |
| Q3 2021 | 2021-09-30 | $1.15B | $30.4M | +2.72% |
| Q2 2021 | 2021-06-30 | $1.13B | −$50.1M | −4.23% |
| Q1 2021 | 2021-03-31 | $1.05B | −$134.9M | −11.40% |
| Q4 2020 | 2020-12-31 | $1.15B | $55.2M | +5.03% |
| Q3 2020 | 2020-09-30 | $1.12B | −$69.5M | −5.85% |
| Q2 2020 | 2020-06-30 | $1.18B | $26.5M | +2.29% |
| Q1 2020 | 2020-03-31 | $1.18B | $47.0M | +4.14% |
| Q4 2019 | 2019-12-31 | $1.10B | −$60.1M | −5.20% |
| Q3 2019 | 2019-09-30 | $1.19B | $12.3M | +1.04% |
| Q2 2019 | 2019-06-30 | $1.16B | $190.9M | +19.75% |
| Q1 2019 | 2019-03-31 | $1.14B | $158.4M | +16.20% |
| Q4 2018 | 2018-12-31 | $1.16B | −$8.1M | −0.70% |
| Q3 2018 | 2018-09-30 | $1.18B | $168.9M | +16.78% |
| Q2 2018 | 2018-06-30 | $966.8M | $65.0M | +7.21% |
| Q1 2018 | 2018-03-31 | $977.6M | $34.1M | +3.62% |
| Q4 2017 | 2017-12-31 | $1.17B | $224.1M | +23.81% |
| Q3 2017 | 2017-09-30 | $1.01B | $121.2M | +13.70% |
| Q2 2017 | 2017-06-30 | $901.8M | $35.8M | +4.13% |
| Q1 2017 | 2017-03-31 | $943.4M | $63.9M | +7.27% |
| Q4 2016 | 2016-12-31 | $941.1M | $35.6M | +3.94% |
| Q3 2016 | 2016-09-30 | $885.3M | $102.8M | +13.14% |
| Q2 2016 | 2016-06-30 | $866.0M | $59.5M | +7.38% |
| Q1 2016 | 2016-03-31 | $879.5M | $150.2M | +20.60% |
| Q4 2015 | 2015-12-31 | $905.5M | $146.2M | +19.25% |
| Q3 2015 | 2015-09-30 | $782.5M | $50.6M | +6.91% |
| Q2 2015 | 2015-06-30 | $806.5M | $67.6M | +9.15% |
| Q1 2015 | 2015-03-31 | $729.3M | $5,000 | +0.00% |
| Q4 2014 | 2014-12-31 | $759.3M | $9.3M | +1.25% |
| Q3 2014 | 2014-09-30 | $731.9M | −$20.2M | −2.68% |
| Q2 2014 | 2014-06-30 | $738.9M | $104.0M | +16.39% |
| Q1 2014 | 2014-03-31 | $729.3M | $87.7M | +13.68% |
| Q4 2013 | 2013-12-31 | $750.0M | $334.2M | +80.38% |
| Q3 2013 | 2013-09-30 | $752.1M | $328.3M | +77.48% |
| Q2 2013 | 2013-06-30 | $634.8M | $227.6M | +55.90% |
| Q1 2013 | 2013-03-31 | $641.5M | $269.1M | +72.26% |
| Q4 2012 | 2012-12-31 | $415.8M | $107.8M | +35.00% |
| Q3 2012 | 2012-09-30 | $423.8M | $98.0M | +30.09% |
| Q2 2012 | 2012-06-30 | $407.2M | $85.2M | +26.45% |
| Q1 2012 | 2012-03-31 | $372.4M | $127.2M | +51.86% |
| Q4 2011 | 2011-12-31 | $308.0M | $184.3M | +149.07% |
| Q3 2011 | 2011-09-30 | $325.7M | $142.6M | +77.90% |
| Q2 2011 | 2011-06-30 | $322.0M | $210.9M | +189.71% |
| Q1 2011 | 2011-03-31 | $245.2M | $121.1M | +97.51% |
| Q4 2010 | 2010-12-31 | $123.7M | — | — |
| Q3 2010 | 2010-09-30 | $183.1M | $67.4M | +58.30% |
| Q2 2010 | 2010-06-30 | $111.2M | $24.6M | +28.46% |
| Q1 2010 | 2010-03-31 | $124.2M | — | — |
| Q3 2009 | 2009-09-30 | $115.7M | — | — |
| Q2 2009 | 2009-06-30 | $86.5M | — | — |
Welltower operating expenses trends
Over the last five fiscal years, Welltower's operating expenses increased from $4.64B to $11.32B, a change of $6.68B. The latest reported quarter, Q1 2026, shows $3.01B.
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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