WDWalker & Dunlop, Inc.
The financials
Walker & Dunlop, Inc. by the numbers
Walker & Dunlop, Inc. (WD) reported revenue of $298M in Q3 2026 (quarter ended Sep 30, 2026), down 12% from the same quarter a year earlier. That came with net loss of $37M. For the full year FY2025, revenue was $1.23B (+9.0% year on year) and net income $56M. Its largest product in Q3 2026 was Servicing Fees at $88M, 27% of the disclosed total, just ahead of Loan Origination and Debt Brokerage Fees, Net at 25%. The next results filing is expected around Feb 25, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $298M | $338M | −12% |
| Net income | −$37M | $33M | to a loss |
| Diluted EPS | −$1.15 | $0.98 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Servicing Fees | $88M | 27% |
| Loan Origination and Debt Brokerage Fees, Net | $81M | 25% |
| Escrow earnings and other interest income | $37M | 12% |
| Product and Service, Other | $34M | 11% |
| Fair Value Of Expected Future Cash Flows From Servicing Rights, Net | $29M | 9.0% |
| Application Fees, Subscription Revenues, Other Revenues from LIHTC Operations and Other | $25M | 7.6% |
| Property Sales Broker Fees | $20M | 6.1% |
| Investment Management Fees | $8.6M | 2.7% |
| Net Warehouse Interest Income (Expense),Net | $888K | 0.3% |
Over its last three fiscal years Walker & Dunlop, Inc. booked income tax of 25.1% of its pretax profit, 27.2% once deferred tax is taken out, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by product segment, from SEC XBRL filings.
- Servicing Fees$87.7M$87.7Mvs last quarter +1.1%vs a year ago +2.9%+1.1%+2.9%
- Loan Origination and Debt Brokerage Fees, Net$81.3M$81.3Mvs last quarter -13%vs a year ago -17%-13%-17%
- Escrow earnings and other interest income$37.1M$37.1Mvs last quarter +14%vs a year ago -20%+14%-20%
- Product and Service, Other$33.9M$33.9Mvs last quarter +27%vs a year ago +17%+27%+17%
- Fair Value Of Expected Future Cash Flows From Servicing Rights, Net$29.2M$29.2Mvs last quarter -39%vs a year ago -40%-39%-40%
- Application Fees, Subscription Revenues, Other Revenues from LIHTC Operations and Other$24.5M$24.5Mvs last quarter -3.4%vs a year ago +71%-3.4%+71%
- Property Sales Broker Fees$19.8M$19.8Mvs last quarter +55%vs a year ago -25%+55%-25%
- Investment Management Fees$8.6M$8.6Mvs last quarter +24%vs a year ago +39%+24%+39%
- Net Warehouse Interest Income (Expense),Net$888.0K$888.0Kvs last quarter +141%vs a year ago n/a+141%n/a
Financial Services
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