Walker & Dunlop, Inc. (WD) Financial Statements
Industry: Finance Services
In fiscal 2025, Walker & Dunlop reported revenue of $1.23B, up 9.0% from $1.13B the year before. Net income was $56.2M (a 4.6% net margin), or $1.64 per diluted share. Operating activities generated -$664.3M of cash, leaving -$680.1M of free cash flow. At fiscal year end, Walker & Dunlop held $5.06B in total assets against $3.31B in total liabilities, including $299.3M of cash and equivalents.
Open the full interactive Walker & Dunlop financials → Quarterly statements, key ratios, valuation history and price charts.
Walker & Dunlop Key Stats
| Share Price | $32.08 |
|---|---|
| Market Cap | $1.07B |
| P/E Ratio | 19.6 |
| Revenue YoY Growth | +9.0% |
| 52-Week Range | $32.08 – $81.78 |
| Shares Outstanding | 33.3 million (basic, 2026 Q2) |
Walker & Dunlop Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.26B | $1.26B | $1.05B | $1.13B | $1.23B |
| Pre-Tax Income | $330.3M | $352.1M | $265.0M | $138.2M | $131.5M | $79.0M |
| Income Tax | $84.3M | $86.4M | $56.0M | $35.0M | $30.5M | $22.0M |
| Net Income | $246.2M | $265.8M | $213.8M | $107.4M | $108.2M | $56.2M |
| Diluted EPS | $7.69 | $8.15 | $6.36 | $3.18 | $3.19 | $1.64 |
Walker & Dunlop Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $337.7M | $340.0M | $301.3M | $306.7M |
| Net Income | $33.5M | -$13.9M | $15.9M | $3.0M |
| Diluted EPS | $0.98 | -$0.42 | $0.46 | $0.09 |
Walker & Dunlop Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $321.1M | $305.6M | $225.9M | $328.7M | $279.3M | $299.3M |
| Total Assets | $4.65B | $5.21B | $4.05B | $4.05B | $4.38B | $5.06B |
| Total Long-Term Debt | $2.81B | $2.68B | $1.25B | $1.37B | $1.55B | $2.29B |
| Total Liabilities | $3.45B | $3.63B | $2.33B | $2.31B | $2.62B | $3.31B |
| Shareholders' Equity | $1.20B | $1.55B | $1.69B | $1.72B | $1.75B | $1.74B |
Walker & Dunlop Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.41B | $870.5M | $1.58B | -$518,000 | $129.4M | -$664.3M |
| Cash From Investing | $115.2M | -$377.6M | -$133.8M | $126.9M | -$38.1M | -$77.3M |
| Cash From Financing | $1.52B | -$457.7M | -$1.58B | $6.8M | -$154.7M | $758.1M |
| Free Cash Flow | -$1.41B | $861.2M | $1.56B | -$16.7M | $116.4M | -$680.1M |
Figures from Walker & Dunlop's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Walker & Dunlop financials page for every line item.
Walker & Dunlop Company Profile
| Ticker | WD |
|---|---|
| Exchange | NYSE |
| Industry | Finance Services |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001497770 |
Frequently Asked Questions
What was Walker & Dunlop's revenue in fiscal 2025?
Walker & Dunlop (WD) reported revenue of $1.23B for fiscal 2025.
What is Walker & Dunlop's annual revenue history?
Walker & Dunlop's annual revenue by fiscal year: 2020: $1.08B; 2021: $1.26B; 2022: $1.26B; 2023: $1.05B; 2024: $1.13B; 2025: $1.23B.
What was Walker & Dunlop's net income in fiscal 2025?
Walker & Dunlop reported net income of $56.2M for fiscal 2025.
What was Walker & Dunlop's earnings per share (EPS) in fiscal 2025?
Walker & Dunlop's diluted EPS was $1.64 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Walker & Dunlop generate in fiscal 2025?
Walker & Dunlop generated -$680.1M of free cash flow in fiscal 2025.
What was Walker & Dunlop's revenue last quarter?
In its most recent reported quarter (2026 Q2), Walker & Dunlop reported revenue of $306.7M.
How much debt does Walker & Dunlop have?
Walker & Dunlop reported $2.29B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Walker & Dunlop are outstanding?
Walker & Dunlop reported a weighted average of 33.3 million basic shares outstanding in 2026 Q2.
What is Walker & Dunlop's market cap?
Based on its latest closing price, Walker & Dunlop (WD) has a market capitalization of about $1.07B.
When does Walker & Dunlop's fiscal year end?
Walker & Dunlop's fiscal year end, as registered with the SEC, is December 31.
Where is Walker & Dunlop headquartered?
Walker & Dunlop lists its business address in Bethesda, Maryland in its SEC filings.