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Ventas (VTR) operating margin by quarter

Ventas' operating margin was 2.9% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026. Over the last 7 quarters it ranged from 2.1% (Q1 2026) to 4.9% (Q4 2025).

Ventas operating margin by quarterVentas operating margin by quarter3.0%Q1 20253.0%Q2 20253.0%Q3 20254.9%Q4 20252.1%Q1 20263.1%Q2 20262.9%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20262.9%-0.3 pts-0.1 pts
Q2 20263.1%+1.0 pts+0.1 pts
Q1 20262.1%-2.7 pts-0.9 pts
Q4 20254.9%+1.9 pts—
Q3 20253.0%-0.0 pts—
Q2 20253.0%-0.0 pts—
Q1 20253.0%——

Q3 2026 at a glance

Ventas, Q3 2026: revenue $1.8B (+23% year over year), operating margin 2.9%, net earnings $65.4M, operating cash flow $490M. The chart follows the revenue to costs, profit and cash.

Questions

What is Ventas' operating margin?

Ventas' operating margin was 2.9% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026.

How has Ventas' operating margin changed?

Over the last 7 quarters it ranged from 2.1% (Q1 2026) to 4.9% (Q4 2025).

Q3 2026 results → · How Ventas makes money →