Walker & Dunlop, Inc. (WD)
Walker & Dunlop, Inc. brought in $1.2B of revenue over the twelve months to September 30, 2026, up 0.9% from a year earlier. It posted a net loss of $32.3M. In fiscal 2025 capital spending exceeded operating cash flow by $680.1M. At September 30, 2026 it held $183.2M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Walker & Dunlop, Inc.
- Net worth
- Walker & Dunlop, Inc. has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.2B (+9.0% year on year), with net income of $56.2M. Over the 12 months to September 30, 2026: revenue $1.2B, net loss $32.3M.
- Cash flow
- In fiscal 2025 operations used $664.3M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Walker & Dunlop, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Walker & Dunlop, Inc. paid dividends of $2.68 per share in fiscal 2025, a yield of 6.66% at the current price.
What Walker & Dunlop, Inc. does
Walker & Dunlop, Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NYSE under the ticker WD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.2B | $56.2M | $1.64 | -$680.1M |
| 2024 | $1.1B | $108.2M | $3.19 | $116.4M |
| 2023 | $1.1B | $107.4M | $3.18 | -$16.7M |
| 2022 | $1.3B | $213.8M | $6.36 | $1.6B |
| 2021 | $1.3B | $265.8M | $8.15 | $861.2M |
| 2020 | $1.1B | $246.2M | $7.69 | -$1.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WD ranks in Finance
Dividends
Walker & Dunlop, Inc. paid $2.68 per share in fiscal 2025. At the current price that is a yield of 6.66%. It paid out $91.8M in cash dividends, 163% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.68 | $91.8M | 163% |
| 2024 | $2.60 | $88.6M | 82% |
| 2023 | $2.52 | $84.8M | 79% |
| 2022 | $2.40 | $80.1M | 37% |
| 2021 | $2.00 | $64.5M | 24% |
| 2020 | $1.44 | $45.4M | 18% |
Latest SEC filings
What Walker & Dunlop, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 12% to $298.4M versus the same quarter last year; diluted EPS -$1.15 versus $0.98.
- November 5, 2026
- October 30, 2026
- October 6, 2026Executive or director change8-KExecutive Vice President and Chief Operating Officer Stephen P. Theobald will retire from Walker & Dunlop effective March 31, 2027.
- September 15, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 3.9% to $306.7M versus the same quarter last year; diluted EPS $0.09 versus $0.99.
- August 6, 2026
- May 21, 2026
- May 12, 2026
Insider trades
What the people running Walker & Dunlop, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 19, 2026 | Freedman Ernest MichaelDirector | Received as pay | 3,096 | - |
| May 19, 2026 | Hayward Jeffery RDirector | Received as pay | 3,096 | - |
| May 19, 2026 | Rice E. John JrDirector | Received as pay | 3,096 | - |
| May 19, 2026 | Schmaltz Dana LDirector | Received as pay | 3,096 | - |
| March 18, 2026 | Schmaltz Dana LDirector | Bought | 1,000 | $45.8K |
| March 13, 2026 | Wells DonnaDirector | Exercised options | 1,381 | - |
| March 13, 2026 | Schmaltz Dana LDirector | Exercised options | 1,105 | - |
| March 5, 2026 | Freedman Ernest MichaelDirector | Bought | 5,000 | $246K |
Who owns WD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 6.06% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.09% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 267 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 5,294,589 | +161,296 |
| Vanguard Portfolio Management LLC | 2,081,971 | +42,074 |
| State Street Corp | 1,622,038 | +75,094 |
| Vanguard Capital Management LLC | 1,493,413 | +16,098 |
| Dimensional Fund Advisors LP | 1,458,560 | +89,446 |
| Jupiter Topco LLC | 1,159,668 | new |
| Alliancebernstein L.P. | 1,311,353 | -45,658 |
| Geode Capital Management, LLC | 872,309 | +47,656 |
| Deprince Race & Zollo Inc | 705,675 | -22,788 |
| Royce & Associates LP | 676,507 | +55,589 |
| Aqr Capital Management LLC | 671,312 | +431,531 |
| Jpmorgan Chase & Co | 608,086 | +480,360 |
| Alyeska Investment Group, L.P. | 555,439 | +19,988 |
| Morgan Stanley | 541,414 | +109,774 |
| Ameriprise Financial Inc | 531,654 | +102,913 |
| Charles Schwab Investment Management Inc | 481,276 | +1,865 |
| Erste Asset Management GmbH | 450,000 | +199,838 |
| Goldman Sachs Group Inc | 395,344 | +259,981 |
| Northern Trust Corp | 394,359 | +33,829 |
| Bank of America Corp | 373,617 | -104,120 |
Insiders
10 insiders reported holding 792,301 shares in total, about $31.9M at the last price.
| Holder | Shares |
|---|---|
| Walker William MChairman & CEO, Director | 488,948 |
| Schmaltz Dana LDirector | 87,421 |
| Theobald Stephen PEVP & Chief Operating Officer | 81,551 |
| Florkowski GregoryEVP & Chief Financial Officer | 37,862 |
| Rice E. John JrDirector | 36,397 |
| Groman Daniel JEVP, GC, Secretary & CCO | 22,305 |
| Pryor Paula A.EVP and Chief HR Officer | 15,254 |
| Freedman Ernest MichaelDirector | 9,193 |
| Hayward Jeffery RDirector | 6,712 |
| Wells DonnaDirector | 6,658 |
Questions about WD
What does Walker & Dunlop, Inc. do?
Walker & Dunlop, Inc. is a company in the Finance sector, listed on NYSE as WD. Its shares trade on NYSE under the ticker WD.
What is Walker & Dunlop, Inc.'s net worth?
Walker & Dunlop, Inc. has a market value (market cap) of $1.4B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Walker & Dunlop, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $32.3M on revenue of $1.2B.
How much revenue does Walker & Dunlop, Inc. make?
Over the twelve months to September 30, 2026 Walker & Dunlop, Inc. reported revenue of $1.2B. That is 0.9% more than a year earlier.
When did Walker & Dunlop, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 9, 2026.
When is Walker & Dunlop, Inc.'s next earnings report?
Walker & Dunlop, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Walker & Dunlop, Inc. pay a dividend?
Yes. Walker & Dunlop, Inc. paid dividends of $2.68 per share in fiscal 2025, a yield of 6.66% at the current price.
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Where the numbers come from
Financial figures are the values Walker & Dunlop, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.