Filing Flows › Ventas (VTR) › Q3 2026 › vs Q2 2026
Ventas (VTR) Q3 2026 vs Q2 2026 (quarter over quarter)
Ventas's revenue rose $102M (+6%) from $1.7B in Q2 2026 to $1.8B in Q3 2026. Operating margin 2.9% against 3.1% (-0.3 pts).
Ventas, Q3 2026: revenue $1.8B (+23% year over year), operating margin 2.9%, net earnings $65.4M, operating cash flow $490M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 2.9% | 3.1% | -0.3 pts |
| Net margin | 3.6% | 4.1% | -0.5 pts |
| Free cash flow margin | 23.2% | 27.7% | -4.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.7B | $102M | +6% |
| Operating profit | $52.6M | $54.2M | −$1.6M | -3% |
| Costs & expenses | $1.8B | $1.7B | $104M | +6% |
| Pre-tax earnings | $48.0M | $46.6M | $1.4M | +3% |
| General & admin | $47.7M | $47.0M | $712K | +2% |
| Other operating costs | $1.7B | $1.6B | $103M | +6% |
| Income tax benefit | $19.3M | $25.6M | −$6.3M | -25% |
| Net earnings | $65.4M | $70.6M | −$5.2M | -7% |
| Minority interests | $1.9M | $1.7M | $249K | +15% |
| Depreciation & amortization | $446M | $408M | $38.3M | +9% |
| Share-based compensation | $5.9M | $5.3M | $614K | +12% |
| Working capital & other | $27.7M | −$73.0M | $101M | — |
| Operating cash flow | $490M | $557M | −$66.9M | -12% |
| Free cash flow (OCF − capex) | $425M | $479M | −$54.4M | -11% |
| Capital expenditures | $64.6M | $77.2M | −$12.6M | -16% |
Questions
How much did Ventas's revenue grow quarter over quarter in Q3 2026?
Ventas's revenue rose $102M (+6%) from $1.7B in Q2 2026 to $1.8B in Q3 2026. Operating margin 2.9% against 3.1% (-0.3 pts).