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Welltower revenue

Welltower's revenue was $10.84bn in fiscal 2025, up 35.6% on the year before. Since fiscal 2009 ($523m) it has grown at a compound 20.9% a year. Over the last twelve months it was $13.79bn.

Revenue history

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
Growth on the year before—+10.6%+127.0%+37.5%+59.6%+16.1%+15.4%+10.9%+0.8%+8.9%+9.0%−10.1%+3.0%+23.6%+13.3%+20.4%+35.6%—
Gross profit————————2.22.32.42.02.02.32.73.24.35.4
Gross margin————————51.7%48.2%47.5%43.6%41.5%39.3%40.5%39.6%40.1%39.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $7.9B 73.2% ▲ 20.9%
United Kingdom $2.2B 20.0% ▲ 148.4%
Canada $734M 6.8% ▲ 32.4%

From Welltower's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Health Care REITs: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Welltower $13.79bn 39.2% 29.1%
Ventas $6.78bn 22.1% 15.7%
Healthpeak Properties $2.95bn 5.5% 11.7%
American Healthcare Reit, Inc. $2.50bn 16.4% 15.4%
Diversified Healthcare Trust $1.48bn -3.8% 2.2%
Omega Healthcare Investors Inc $1.28bn 15.0% 14.6%

Compare with peers

Head to head: VTR vs WELLDOC vs WELLAHR vs WELL

More: Health Care REITs stocks compared, Real Estate sector, rankings of US companies

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.