Filing Flows › Ventas (VTR) › Q3 2026
Ventas (VTR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Ventas (VTR) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +6% from the quarter before. Operating margin was 2.9%, net earnings $65.4M (3.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +6% | +23% |
| Operating profit | $52.6M | -3% | +18% |
| Net earnings | $65.4M | -7% | -1% |
| Operating cash flow | $490M | -12% | +29% |
| Free cash flow | $425M | -11% | +33% |
What changed
Revenue was $1.8B in Q3 2026, up 23% year over year and up 6% from the previous quarter.
Operating profit was $0.05B, a 2.9% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 2% reached operating profit, below the 3% margin then. Total costs grew 23% against revenue growth of 23%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $0.07B, down 1% year over year. The effective tax rate was -40.2%.
Operating cash flow was $0.49B (up 29% year over year), 728% of net income including minority interests. Non-cash charges added back $0.45B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.06B left free cash flow of $0.42B.
Questions
What was Ventas' revenue in the third quarter 2026?
Ventas (VTR) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +23% from a year earlier and +6% from the quarter before.
Was Ventas profitable in the third quarter 2026?
Operating profit was $52.6M (2.9% of revenue) and net earnings $65.4M.
Source: Ventas 10-Q on SEC EDGAR.