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Welltower income statement

In fiscal 2025, Welltower reported revenue of $10.84bn, up 35.6% on the year before and net income of $937m, or $1.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue0.50.61.31.82.93.33.94.34.34.75.14.64.75.96.68.010.813.8
Cost of revenue————————2.12.42.72.62.83.63.94.86.58.4
Gross profit————————2.22.32.42.02.02.32.73.24.35.4
Selling, general and administrative0.00.10.10.10.10.10.10.20.10.10.10.10.10.20.20.21.71.8
Interest expense0.10.10.30.40.50.50.50.50.50.50.60.50.50.50.6———
Provision for credit losses0.00.00.00.00.00.00.00.00.10.00.00.10.00.00.00.0−0.0−0.0
Income before tax0.10.00.10.20.10.40.60.70.30.40.5−0.00.20.20.40.5——
Income tax0.00.0−0.00.00.0−0.00.0−0.00.00.00.00.00.00.00.00.0−0.0−0.0
Net income0.20.10.20.20.10.40.81.00.50.81.21.00.30.10.31.00.91.7
Diluted EPS$1.49$0.83$0.90$0.98$0.28$1.45$2.34$2.81$1.26$2.02$3.05$2.33$0.78$0.30$0.66$1.57$1.39$2.28
Diluted shares (average)115m128m174m226m279m308m349m360m369m375m404m417m427m465m519m609m680m732m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Welltower's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Welltower.