Welltower (WELL) Revenue & Revenue Breakdown

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Welltower Revenue Highlights

Latest Revenue (Y)

$10.84B

Latest Revenue (Q)

$2.69B

Main Segment (Y)

Senior Housing - Operating

Main Geography (Y)

UNITED STATES

Welltower Revenue by Period

Welltower Revenue by Year

Date	Revenue	Change
2025-12-31	$10.84B	38.00%
2024-12-31	$7.85B	21.23%
2023-12-31	$6.48B	12.16%
2022-12-31	$5.78B	22.65%
2021-12-31	$4.71B	2.68%
2020-12-31	$4.59B	-10.08%
2019-12-31	$5.10B	9.19%
2018-12-31	$4.67B	8.65%
2017-12-31	$4.30B	1.12%
2016-12-31	$4.25B	10.68%
2015-12-31	$3.84B	15.15%
2014-12-31	$3.34B	15.96%
2013-12-31	$2.88B	59.83%
2012-12-31	$1.80B	38.24%
2011-12-31	$1.30B	127.87%
2010-12-31	$571.33M	9.18%
2009-12-31	$523.29M	-0.59%
2008-12-31	$526.41M	22.57%
2007-12-31	$429.49M	49.00%
2006-12-31	$288.24M	2.27%
2005-12-31	$281.85M	24.66%
2004-12-31	$226.09M	32.89%
2003-12-31	$170.14M	30.43%
2002-12-31	$130.45M	21.04%
2001-12-31	$107.78M	-7.96%
2000-12-31	$117.10M	-9.51%
1999-12-31	$129.40M	32.04%
1998-12-31	$98.00M	33.70%
1997-12-31	$73.30M	34.74%
1996-12-31	$54.40M	756.48%
1995-12-31	$6.35M	15.90%
1994-12-31	$5.48M	-84.78%
1993-12-31	$36.00M	-

Welltower generated $10.84B in revenue during NA 2025, up 38.00% compared to the previous quarter, and up 236.30% compared to the same period a year ago.

Welltower Revenue by Quarter

Date	Revenue	Change
2025-09-30	$2.69B	6.74%
2025-06-30	$2.52B	5.34%
2025-03-31	$2.39B	7.63%
2024-12-31	$2.22B	10.35%
2024-09-30	$2.01B	12.18%
2024-06-30	$1.79B	-2.07%
2024-03-31	$1.83B	6.56%
2023-12-31	$1.72B	5.62%
2023-09-30	$1.63B	2.84%
2023-06-30	$1.58B	1.90%
2023-03-31	$1.55B	2.84%
2022-12-31	$1.51B	2.78%
2022-09-30	$1.47B	4.25%
2022-06-30	$1.41B	1.36%
2022-03-31	$1.39B	7.23%
2021-12-31	$1.30B	5.08%
2021-09-30	$1.23B	8.77%
2021-06-30	$1.13B	8.43%
2021-03-31	$1.05B	-6.34%
2020-12-31	$1.12B	8.13%
2020-09-30	$1.03B	-12.62%
2020-06-30	$1.18B	-5.83%
2020-03-31	$1.26B	-0.14%
2019-12-31	$1.26B	-0.39%
2019-09-30	$1.26B	-4.19%
2019-06-30	$1.32B	4.15%
2019-03-31	$1.26B	2.47%
2018-12-31	$1.23B	0.11%
2018-09-30	$1.23B	11.01%
2018-06-30	$1.11B	1.23%
2018-03-31	$1.10B	-0.66%
2017-12-31	$1.10B	1.17%
2017-09-30	$1.09B	3.11%
2017-06-30	$1.06B	-0.35%
2017-03-31	$1.06B	-1.49%
2016-12-31	$1.08B	-0.08%
2016-09-30	$1.08B	0.23%
2016-06-30	$1.08B	2.83%
2016-03-31	$1.05B	2.42%
2015-12-31	$1.02B	4.65%
2015-09-30	$976.92M	2.54%
2015-06-30	$952.75M	7.16%
2015-03-31	$889.09M	2.90%
2014-12-31	$864.03M	2.14%
2014-09-30	$845.90M	2.61%
2014-06-30	$824.42M	2.88%
2014-03-31	$801.31M	2.98%
2013-12-31	$778.11M	-0.94%
2013-09-30	$785.49M	15.33%
2013-06-30	$681.10M	7.56%
2013-03-31	$633.22M	36.68%
2012-12-31	$463.27M	-2.29%
2012-09-30	$474.14M	4.65%
2012-06-30	$453.08M	4.07%
2012-03-31	$435.36M	8.20%
2011-12-31	$402.35M	4.57%
2011-09-30	$384.79M	0.98%
2011-06-30	$381.06M	49.16%
2011-03-31	$255.48M	32.27%
2010-12-31	$193.15M	9.65%
2010-09-30	$176.15M	7.98%
2010-06-30	$163.13M	6.79%
2010-03-31	$152.76M	8.63%
2009-12-31	$140.62M	-3.08%
2009-09-30	$145.10M	2.41%
2009-06-30	$141.69M	-1.83%
2009-03-31	$144.33M	2.58%
2008-12-31	$140.69M	-3.04%
2008-09-30	$145.10M	6.78%
2008-06-30	$135.89M	-

Welltower generated $2.69B in revenue during Q3 2025, up 6.74% compared to the previous quarter, and up 149.81% compared to the same period a year ago.

Welltower Revenue Breakdown

Welltower Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Triple Net	$1.20B	$788.77M	$1.04B	-	-
Senior Housing - Operating	$8.49B	$6.04B	$4.77B	-	-
Outpatient Medical	$781.93M	$802.11M	$751.15M	-	-
Management Service	-	-	-	-	$3.20B
Product and Service, Other	-	-	-	$84.55M	$32.63M
Interest Revenue	-	-	-	$150.57M	$137.56M

Welltower's latest annual revenue breakdown by segment (product or service), as of Dec 25: Senior Housing - Operating (81.10%), Triple Net (11.44%), and Outpatient Medical (7.47%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 22
Management Service	$2.06B	$1.97B	$1.86B	$1.51B	$1.39B	$1.36B	$1.20B	-	-
Product and Service, Other	-	-	-	-	-	-	$35.48M	$83.88M	$5.99M
Interest Revenue	-	-	-	-	-	-	$42.22M	$38.71M	$38.99M

Welltower's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Management Service (100.00%).

Welltower Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
CANADA	$734.34M	$554.56M	$509.31M	$458.89M	-
UNITED KINGDOM	$2.17B	$872.48M	-	-	-
UNITED STATES	$7.94B	$6.56B	$5.52B	$4.84B	-
Interest Revenue	-	-	-	$150.57M	$137.56M
Product and Service, Other	-	-	-	$84.55M	$32.63M
Management Service	-	-	-	-	$3.20B

Welltower's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (73.23%), UNITED KINGDOM (19.99%), and CANADA (6.78%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 22
UNITED KINGDOM	$926.49M	$448.02M	$416.81M	-	-	-	-	-	-	-	-	-
UNITED STATES	$2.06B	$2.04B	$1.94B	$1.89B	$1.74B	$1.75B	$1.53B	$1.55B	$1.45B	$1.38B	$1.39B	$1.14B
CANADA	$196.06M	$193.01M	$187.03M	$158.25M	$136.35M	$135.43M	$131.45M	$151.34M	$149.68M	$123.87M	$118.94M	$112.20M
Product and Service, Other	-	-	-	-	-	-	-	-	-	-	$83.88M	-
Management Service	-	-	-	-	-	-	-	-	-	-	-	-
Interest Revenue	-	-	-	-	-	-	-	-	-	-	$38.71M	-

Welltower's latest quarterly revenue breakdown by geography, as of Dec 25: UNITED STATES (64.71%), UNITED KINGDOM (29.13%), and CANADA (6.16%).

Welltower Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
WELL	Welltower	$10.84B	$2.69B
AMT	American Tower	$10.65B	$2.72B
EQIX	Equinix	$9.22B	$2.32B
PLD	Prologis	$8.79B	$2.21B
DLR	Digital Realty Trust	$6.11B	$1.58B
VTR	Ventas	$5.83B	$1.49B
NHI	National Health Investors	$375.63M	$91.39M
LTC	LTC Properties	$262.85M	$69.29M
GMRE	Global Medical REIT	$148.21M	$37.34M
UHT	Universal Health Realty Income Trust	-	$25.30M

WELL Revenue FAQ

What is Welltower’s yearly revenue?

Welltower's yearly revenue for 2025 was $10.84B, representing an increase of 38.00% compared to 2024. The company's yearly revenue for 2024 was $7.85B, representing an increase of 21.23% compared to 2023. WELL's yearly revenue for 2023 was $6.48B, representing an increase of 12.16% compared to 2022.

What is Welltower’s quarterly revenue?

Welltower's quarterly revenue for Q3 2025 was $2.69B, a 6.74% increase from the previous quarter (Q2 2025), and a 33.55% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $2.52B, a 5.34% increase from the previous quarter (Q1 2025), and a 40.35% increase year-over-year (Q2 2024). WELL's quarterly revenue for Q1 2025 was $2.39B, a 7.63% increase from the previous quarter (Q4 2024), and a 30.48% increase year-over-year (Q1 2024).

What is Welltower’s revenue growth rate?

Welltower's revenue growth rate for the last 3 years (2023-2025) was 67.30%, and for the last 5 years (2021-2025) was 130.13%.

What are Welltower’s revenue streams?

Welltower's revenue streams in c 25 are Triple Net, Senior Housing - Operating, and Outpatient Medical. Triple Net generated $1.2B in revenue, accounting 11.44% of the company's total revenue, up 51.76% year-over-year. Senior Housing - Operating generated $8.49B in revenue, accounting 81.10% of the company's total revenue, up 40.65% year-over-year. Outpatient Medical generated $781.93M in revenue, accounting 7.47% of the company's total revenue, down -2.52% year-over-year.

What is Welltower’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Welltower was Senior Housing - Operating. This segment made a revenue of $8.49B, representing 81.10% of the company's total revenue.