Welltower Inc. (WELL) Revenue by Segment
Welltower revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Welltower's largest business segment was Senior Housing - Operating, with $3.00 billion or 87% of revenue, up 51.6% from a year earlier. Next: Triple Net (12%) and Outpatient Medical (1%).
By product or service, Management Service brought in 73%, Triple Net brought in 16% and Outpatient Medical brought in 12% of revenue in Q3 fiscal 2022.
By country, United States brought in 60%, United Kingdom brought in 32% and Canada brought in 8% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Senior Housing - Operating (+51.6%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
Welltower Inc.
Revenue breakdown
Fiscal quarters, from company filings
Welltower revenue by business segment, last 4 quarters
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Senior Housing - Operating | $3.0B | $2.8B | $2.1B | $2.0B | 87% |
| Triple Net | $414.8M | $392.1M | $286.6M | $273.8M | 12% |
| Outpatient Medical | $45.8M | $71.1M | $215.2M | $211.8M | 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Welltower revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Management Service | $3.0B | $2.8B | $2.1B | $2.0B | 73% |
| Triple Net | – | – | – | – | 16% |
| Outpatient Medical | – | – | – | – | 12% |
| Interest Revenue | – | – | – | – | under 1% |
| Other | – | – | – | – | under 1% |
In USD, fiscal quarters as reported; share = part of Q3 FY22 revenue.
Welltower revenue by country, last 4 quarters
| Country | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| United States | $2.1B | $2.1B | $2.0B | $1.9B | 60% |
| United Kingdom | $1.1B | $1.1B | $448.0M | $416.8M | 32% |
| Canada | $285.7M | $201.6M | $193.0M | $187.0M | 8% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
What are Welltower's business segments?
Senior Housing - Operating, Triple Net and Outpatient Medical (as reported for Q2 fiscal 2026).
Which business segment makes the most money for Welltower?
Senior Housing - Operating: $3.00 billion, or 87% of revenue, in Q2 fiscal 2026.
What are Welltower's main products and services?
By revenue in Q3 fiscal 2022: Management Service (73%), Triple Net (16%), Outpatient Medical (12%) and Interest Revenue (under 1%).
Where does Welltower make its money?
By country in Q2 fiscal 2026: United States (60%), United Kingdom (32%) and Canada (8%).
