The financials
Welltower by the numbers
Welltower (WELL) reported revenue of $3.35B in Q1 2026 (quarter ended March 31, 2026), up 38% from the same quarter a year earlier. That came with net income of $752M (22% of revenue). For the full year FY2025, revenue was $10.8B (+36% year on year) and net income $962M. Its largest product in 2023-Q3 was Management Service at $967M, 93% of the disclosed total, just ahead of Interest at 4.0%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $3.35B | $2.42B | +38% |
| Operating income | $345M | $199M | +74% |
| Net income | $752M | $257M | +192% |
| Diluted EPS | $1.02 | $0.40 | +155% |
| Product | Revenue | Share |
|---|---|---|
| Management Service | $967M | 93% |
| Interest | $42M | 4.0% |
| Product And Service Other | $35M | 3.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.71B (+4.3%)
Management Service grew +18% year on year
Segment Latestquarter on quarteryear on year
- Management Service$1.71B$1.71BQoQ +4.3%year on year +18%+4.3%+18%
REIT - Healthcare Facilities
Ranks #3 of 10 by Smart Score