Filing Flows › Ventas (VTR) › Q2 2026
Ventas (VTR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Ventas (VTR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +22% from a year earlier and +4% from the quarter before. Operating margin was 3.1%, net earnings $70.6M (4.1% of revenue).
Ventas, Q2 2026: revenue $1.7B (+22% year over year), operating margin 3.1%, net earnings $70.6M, operating cash flow $557M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +4% | +22% |
| Operating profit | $54.2M | +53% | +27% |
| Net earnings | $70.6M | +26% | +3% |
| Operating cash flow | $557M | +41% | +17% |
| Free cash flow | $479M | +49% | +17% |
What changed
Revenue was $1.7B in Q2 2026, up 22% year over year and up 4% from the previous quarter.
Operating profit was $0.05B, a 3.1% margin (up 0.1 points year over year). Of the extra revenue versus Q2 2025, 4% reached operating profit, above the 3% margin then. Total costs grew 22% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $0.07B, up 3% year over year. The effective tax rate was -55.0%.
Operating cash flow was $0.56B (up 17% year over year), 771% of net income including minority interests. Non-cash charges added back $0.41B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.08B left free cash flow of $0.48B.
Questions
What was Ventas' revenue in the second quarter 2026?
Ventas (VTR) reported revenue of $1.7B for the second quarter 2026 (Q2 2026), +22% from a year earlier and +4% from the quarter before.
Was Ventas profitable in the second quarter 2026?
Operating profit was $54.2M (3.1% of revenue) and net earnings $70.6M.
Source: Ventas 10-Q on SEC EDGAR.