Walker & Dunlop, Inc.
WD- Exchange
- NYSE
- Industry
- Finance Services
- SEC CIK
- 0001497770
In the last 90 days, Walker & Dunlop, Inc. insiders filed 1 open-market purchase and 0 sales; 268 institutions reported holding it in 13F filings for Q2 2026, worth $1.61B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:50 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 13, 2025 | Feb 15, 2024 | Feb 21, 2023 | Feb 3, 2022 |
| Revenue | $1.23B | $1.13B | $1.05B | $1.26B | $1.26B |
| Operating expenses | $1.16B | $1.00B | $916.2M | $993.8M | $907.1M |
| Interest expense | $64.7M | $69.7M | $50.3M | $34.2M | $7.98M |
| Income tax | $22.0M | $30.5M | $35.0M | $56.0M | $86.4M |
| Net income | $56.2M | $108.2M | $107.4M | $213.8M | $265.8M |
| EPS, basic | $1.65 | $3.19 | $3.20 | $6.43 | $8.27 |
| EPS, diluted | $1.64 | $3.19 | $3.18 | $6.36 | $8.15 |
| Weighted shares, basic | 33.3M | 33.1M | 32.7M | 32.3M | 31.1M |
| Weighted shares, diluted | 33.4M | 33.2M | 32.9M | 32.7M | 31.5M |
| Margins and growth | |||||
| Net margin | 4.6% | 9.6% | 10.2% | 17.0% | 21.1% |
| Revenue growth, year over year | +9.0% | +7.4% | −16.2% | 0.0% | +16.2% |
| Net income growth, year over year | −48.0% | +0.8% | −49.8% | −19.5% | +8.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 13, 2025 | Feb 15, 2024 | Feb 21, 2023 | Feb 3, 2022 |
| Cash and equivalents | $299.3M | $279.3M | $328.7M | $225.9M | $305.6M |
| Property, plant and equipment | $54.4M | $48.5M | $42.7M | $33.9M | – |
| Goodwill | $868.7M | $868.7M | $901.7M | $959.7M | $698.6M |
| Intangible assets | $141.9M | $156.9M | $182.0M | $198.6M | $183.9M |
| Total assets | $5.06B | $4.38B | $4.05B | $4.05B | $5.21B |
| Total liabilities | $3.31B | $2.62B | $2.31B | $2.33B | $3.63B |
| Shareholders' equity | $1.75B | $1.76B | $1.75B | $1.72B | $1.58B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 13, 2025 | Feb 15, 2024 | Feb 21, 2023 | Feb 3, 2022 |
| Operating cash flow | -$664.3M | $129.4M | -$518.0K | $1.58B | $870.5M |
| Capital expenditures | $15.8M | $13.0M | $16.2M | $22.0M | $9.21M |
| Free cash flow | -$680.1M | $116.4M | -$16.7M | $1.56B | $861.2M |
| Depreciation and amortization | $238.7M | $237.5M | $226.8M | $235.0M | $210.3M |
| Stock-based compensation | $26.7M | $27.3M | $27.8M | $34.0M | $36.6M |
| Dividends paid | $91.8M | $88.6M | $84.8M | $80.1M | $64.5M |
| Share buybacks | $10.5M | $12.4M | $20.5M | $42.4M | $18.9M |
| Investing cash flow | -$77.3M | -$38.1M | $126.9M | -$133.8M | -$377.6M |
| Financing cash flow | $758.1M | -$154.7M | $6.77M | -$1.58B | -$457.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.2% | 2.4% | 2.6% | 2.7% | 2.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 34.5M | +1.4% | SEC |
| Jul 31, 2026 | 34.3M | +0.8% | SEC |
| Apr 30, 2026 | 34.3M | +1.0% | SEC |
| Jan 31, 2026 | 34.1M | +0.8% | SEC |
| Oct 30, 2025 | 34.1M | +0.9% | SEC |
| Jul 31, 2025 | 34.1M | +0.9% | SEC |
| Apr 24, 2025 | 34.0M | +0.8% | SEC |
| Jan 31, 2025 | 33.8M | +0.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.