# Walker & Dunlop, Inc.: overview

WD · NYSE · CIK 1497770 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wd.md) · [Financials](/companies/wd/financials.md) · [Filings](/companies/wd/filings.md) · [Insiders](/companies/wd/insiders.md)

Latest reported revenue: [$82.4m](/filings/0001104659-26-091536.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-091536).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [64.4](/filings/0001104659-25-107312.md) | [80.2 d](/filings/0001104659-26-020249.md) | [58.0](/filings/0001104659-26-056572.md) | [77.7](/filings/0001104659-26-091536.md) | [76.5](/filings/0001104659-25-107312.md) | [108 d](/filings/0001104659-26-020249.md) | [71.5](/filings/0001104659-26-056572.md) | [82.4](/filings/0001104659-26-091536.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [44.7%](/filings/0001104659-25-107312.md) | [55.9% d](/filings/0001104659-26-020249.md) | [4.8%](/filings/0001104659-26-091536.md) | [43.7%](/filings/0001104659-26-091536.md) | [43.7%](/filings/0001104659-25-107312.md) | [(12.9%) d](/filings/0001104659-26-020249.md) | [22.2%](/filings/0001104659-26-091536.md) | [3.6%](/filings/0001104659-26-091536.md) |
| Diluted EPS | $ per share | [0.85](/filings/0001104659-25-107312.md) | not reported | [0.08](/filings/0001104659-26-056572.md) | [0.99](/filings/0001104659-26-091536.md) | [0.98](/filings/0001104659-25-107312.md) | not reported | [0.46](/filings/0001104659-26-056572.md) | [0.09](/filings/0001104659-26-091536.md) |
| Free cash flow | $m | [(204) d](/filings/0001104659-25-107312.md) | [527 d](/filings/0001104659-26-020249.md) | [(285)](/filings/0001104659-26-056572.md) | [(241) d](/filings/0001104659-26-091536.md) | [(950) d](/filings/0001104659-25-107312.md) | [796 d](/filings/0001104659-26-020249.md) | [(1,146)](/filings/0001104659-26-056572.md) | [1,169 d](/filings/0001104659-26-091536.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [364](/filings/0001558370-24-001538.md) | [430](/filings/0001558370-25-001503.md) | [258](/filings/0001104659-26-020249.md) | [265](/filings/0001104659-26-020249.md) | [320](/filings/0001104659-26-020249.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [73.1%](/filings/0001558370-24-001538.md) | [49.7%](/filings/0001558370-25-001503.md) | [41.6%](/filings/0001104659-26-020249.md) | [40.8%](/filings/0001104659-26-020249.md) | [17.6%](/filings/0001104659-26-020249.md) |
| Diluted EPS | $ per share | [8.15](/filings/0001558370-24-001538.md) | [6.36](/filings/0001558370-25-001503.md) | [3.18](/filings/0001104659-26-020249.md) | [3.19](/filings/0001104659-26-020249.md) | [1.64](/filings/0001104659-26-020249.md) |
| Free cash flow | $m | [861](/filings/0001558370-24-001538.md) | [1,561](/filings/0001558370-25-001503.md) | [(16.7)](/filings/0001104659-26-020249.md) | [116](/filings/0001104659-26-020249.md) | [(680)](/filings/0001104659-26-020249.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wd/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $289.6m | 5,294,589 |  | Added +161,296 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $113.9m | 2,081,971 |  | Added +42,074 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $88.7m | 1,622,038 |  | Added +75,094 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $81.7m | 1,493,413 |  | Added +16,098 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $79.8m | 1,458,560 |  | Added +89,446 |
| [Jupiter Topco LLC](/funds/2146052.md) | 2026-06-30 | $63.4m | 1,159,668 |  | Not compared |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $58.2m | 1,311,353 |  | Reduced −45,658 |
| [JANUS HENDERSON GROUP PLC](/funds/1274173.md) | 2026-03-31 | $50.2m | 1,131,767 |  | Not compared |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $47.7m | 872,309 |  | Added +47,656 |
| [DEPRINCE RACE & ZOLLO INC](/funds/1008894.md) | 2026-06-30 | $38.6m | 705,675 |  | Reduced −22,788 |

## Recent filings

[All 1,291 filings](/companies/wd/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 16:05 ET | [8-K](/filings/0001104659-26-120659.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-120659 |
| 2026-10-06 | 16:30 ET | [8-K](/filings/0001104659-26-114073.md) | 5.02 Departure or appointment of officers or directors | 0001104659-26-114073 |
| 2026-09-15 | 16:03 ET | [8-K](/filings/0001104659-26-107909.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001104659-26-107909 |
| 2026-08-06 | 06:16 ET | [10-Q](/filings/0001104659-26-091536.md) | Quarterly report, period 2026-06-30 | 0001104659-26-091536 |
| 2026-08-06 | 06:00 ET | [8-K](/filings/0001104659-26-091461.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-091461 |
| 2026-05-21 | 16:45 ET | [8-K](/filings/0001104659-26-065193.md) | 5.07 Shareholder vote results | 0001104659-26-065193 |
| 2026-05-07 | 06:04 ET | [10-Q](/filings/0001104659-26-056572.md) | Quarterly report, period 2026-03-31 | 0001104659-26-056572 |
| 2026-05-07 | 06:01 ET | [8-K](/filings/0001104659-26-056553.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-056553 |
| 2026-04-01 | 16:15 ET | [DEF 14A](/filings/0001104659-26-038515.md) | Proxy statement, period 2026-05-19 | 0001104659-26-038515 |
| 2026-03-10 | 06:31 ET | [8-K](/filings/0001104659-26-025502.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-025502 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-020249.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9065d861-3dcb-478d-8e30-1ef176f5719e)

## About the filer

- CIK: 1497770
- Tickers: WD
- Exchange: NYSE
- SIC code: 6199 Finance Services
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:11 ET. No prices; not investment advice.