The financials
Walker & Dunlop, Inc. by the numbers
Walker & Dunlop, Inc. (WD) reported revenue of $301M in Q1 2026 (quarter ended March 31, 2026), up 27% from the same quarter a year earlier. That came with net income of $16M (5.3% of revenue). For the full year FY2025, revenue was $1.23B (+9.0% year on year) and net income $56M. Its largest product in 2026-Q1 was Loan Origination And Debt Brokerage Fees Net at $89M, 28% of the disclosed total, just ahead of Servicing Fees at 27%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $301M | $237M | +27% |
| Net income | $16M | $2.8M | +476% |
| Diluted EPS | $0.46 | $0.08 | +475% |
| Product | Revenue | Share |
|---|---|---|
| Loan Origination And Debt Brokerage Fees Net | $89M | 28% |
| Servicing Fees | $85M | 27% |
| Fair Value Of Expected Future Cash Flows From Servicing Rights Net | $47M | 15% |
| Escrow Earnings And Other Interest Income | $33M | 10% |
| Product And Service Other | $24M | 7.7% |
| Application Fees Subscription Revenues Other Revenues From Lihtc Operations And Other | $16M | 5.1% |
| Property Sales Broker Fees | $13M | 4.2% |
| Investment Management Fees | $10M | 3.2% |
| Net Warehouse Interest Income Expense Net | $25K | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $317.5M (-21%)
Loan Origination And Debt Brokerage Fees Net grew +91% year on yearApplication Fees Subscription Revenues Other Revenues From Lihtc Operations And Other -10% year on year
Segment Latestquarter on quarteryear on year
- Loan Origination And Debt Brokerage Fees Net$88.5M$88.5MQoQ -9.5%year on year +91%-9.5%+91%
- Servicing Fees$85.4M$85.4MQoQ +0.29%year on year +3.9%+0.29%+3.9%
- Fair Value Of Expected Future Cash Flows From Servicing Rights Net$46.8M$46.8MQoQ -3.9%year on year +68%-3.9%+68%
- Escrow Earnings And Other Interest Income$32.7M$32.7MQoQ -29%year on year -1.5%-29%-1.5%
- Product And Service Other$24.5M$24.5MQoQ -16%year on year -3.4%-16%-3.4%
- Application Fees Subscription Revenues Other Revenues From Lihtc Operations And Other$16.2M$16.2MQoQ +13%year on year -10%+13%-10%
- Property Sales Broker Fees$13.2M$13.2MQoQ -50%year on year -2.5%-50%-2.5%
- Investment Management Fees$10.2M$10.2MQoQ +66%year on year +5.6%+66%+5.6%
- Net Warehouse Interest Income Expense Net$25.0K$25.0KQoQ -year on year ---
- Fair Value Of Expected Future Cash Flows From Servicing Rights Net Of Guaranty Obligation--QoQ -year on year ---