Ventas, Inc. (VTR) Revenue by Segment
Ventas revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Ventas's largest business segment was Senior Housing Operating Portfolio (SHOP), with $1.36 billion or 79% of revenue, up 32.0% from a year earlier. Next: Outpatient Medical and Research Portfolio (13%) and Triple Net Leased Properties (7%).
By product or service, Outpatient Medical and Research Portfolio brought in 65% and Triple Net Leased Properties brought in 35% of revenue in Q2 fiscal 2026.
By country, United States brought in 89%, Canada brought in 11% and United Kingdom brought in 1% of revenue in Q1 fiscal 2024.
The fastest-growing business segment from a year earlier was Senior Housing Operating Portfolio (SHOP) (+32.0%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
Ventas, Inc.
Revenue breakdown
Fiscal quarters, from company filings
Ventas revenue by business segment, last 4 quarters
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Senior Housing Operating Portfolio (SHOP) | $1.4B | $1.3B | $1.1B | $1.0B | 79% |
| Outpatient Medical and Research Portfolio | $229.3M | $230.9M | $226.9M | $221.5M | 13% |
| Triple Net Leased Properties | $124.9M | $123.1M | $160.1M | $152.7M | 7% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Ventas revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Outpatient Medical and Research Portfolio | $228.6M | $230.1M | $226.2M | $220.8M | 65% |
| Triple Net Leased Properties | $124.9M | $123.1M | $160.1M | $152.7M | 35% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Ventas revenue by country, last 4 quarters
| Country | Q1 FY24 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Share |
|---|---|---|---|---|---|
| United States | $1.1B | $1.0B | $983.7M | $958.1M | 89% |
| Canada | $129.0M | $116.9M | $115.3M | $112.1M | 11% |
| United Kingdom | $7.6M | $7.4M | $7.3M | $7.0M | 1% |
In USD, fiscal quarters as reported; share = part of Q1 FY24 revenue.
Questions and answers
What are Ventas's business segments?
Senior Housing Operating Portfolio (SHOP), Outpatient Medical and Research Portfolio and Triple Net Leased Properties (as reported for Q2 fiscal 2026).
Which business segment makes the most money for Ventas?
Senior Housing Operating Portfolio (SHOP): $1.36 billion, or 79% of revenue, in Q2 fiscal 2026.
What are Ventas's main products and services?
By revenue in Q2 fiscal 2026: Outpatient Medical and Research Portfolio (65%) and Triple Net Leased Properties (35%).
Where does Ventas make its money?
By country in Q1 fiscal 2024: United States (89%), Canada (11%) and United Kingdom (1%).
