Walker & Dunlop, Inc. income statement
In fiscal 2025, Walker & Dunlop, Inc. reported revenue of $1.23bn, up 9.0% on the year before and net income of $56.2m, or $1.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 122 | 152 | 257 | 319 | 361 | 468 | 575 | 712 | 725 | 817 | 1,084 | 1,259 | 1,259 | 1,054 | 1,132 | 1,234 | 1,286 |
| General and administrative | — | 1 | 2 | 3 | 4 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 29 | 40 | 57 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | 2 | 5 | 6 | 13 | 14 | 18 | 10 | 10 | 10 | 10 | 14 | 9 | 33 | 49 | 50 | 70 | 65 | 63 |
| Net interest income | 4 | 4 | 4 | 5 | 7 | — | — | — | — | — | — | — | 22 | 16 | −6 | −7 | −5 | −3 |
| Provision for credit losses | 2 | 7 | 5 | 3 | 1 | 2 | 2 | −1 | −0 | 1 | 7 | 37 | −13 | −12 | −10 | 2 | — | — |
| Income before tax | 40 | 40 | 57 | 56 | 67 | 84 | 135 | 186 | 234 | 213 | 230 | 330 | 352 | 265 | 138 | 132 | 79 | 55 |
| Income tax | — | 32 | 22 | 22 | 25 | 32 | 53 | 71 | 22 | 52 | 57 | 84 | 86 | 56 | 35 | 31 | 22 | 14 |
| Net income | 40 | 8 | 35 | 34 | 42 | 51 | 82 | 114 | 211 | 161 | 173 | 246 | 266 | 214 | 107 | 108 | 56 | 38 |
| Diluted EPS | $2.76 | $0.55 | $1.60 | $1.31 | $1.21 | $1.58 | $2.65 | $3.57 | $6.47 | $4.96 | $5.45 | $7.69 | $8.15 | $6.36 | $3.18 | $3.19 | $1.64 | $1.15 |
| Diluted shares (average) | 14m | 15m | 22m | 26m | 34m | 33m | 31m | 31m | 31m | 31m | 31m | 31m | 32m | 33m | 33m | 33m | 33m | 33m |
| EBITDA | 42 | 57 | 79 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 341 | 237 | 319 | 338 | 340 | 301 | 307 |
| Interest expense | 18 | 16 | 16 | 17 | 16 | 16 | 15 | 15 |
| Net interest income | −2 | −2 | −1 | −2 | −2 | −1 | 0 | 0 |
| Provision for credit losses | −0 | 3 | 4 | 2 | 1 | — | — | — |
| Income before tax | 38 | 52 | 5 | 46 | 46 | −19 | 26 | 2 |
| Income tax | 9 | 11 | 3 | 12 | 13 | −5 | 8 | −1 |
| Net income | 29 | 45 | 3 | 34 | 33 | −14 | 16 | 3 |
| Diluted EPS | $0.85 | $1.32 | $0.08 | $0.99 | $0.98 | −$0.41 | $0.46 | $0.09 |
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