Walker & Dunlop WD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Capital Markets | $162.44M-14.9% | $190.84M+5.6% | $180.75M+4.6% | $172.79M+68.5% | $102.57M-43.4% | |
| Corporate | $587K-90.0% | $5.89M-6.4% | $6.29M+10.1% | $5.71M+97.4% | $2.89M-6.4% | |
| Servicing And Asset Management | $138.3M-3.5% | $143.3M-4.9% | $150.63M+7.0% | $140.74M+6.7% | $131.9M-16.1% | |
| Profit Loss by Business | ||||||
| Capital Markets | $29.01M+6.6% | $27.22M-2.5% | $27.93M-15.7% | $33.14M+1,304% | $2.36M-94.2% | |
| Corporate | -$33.51M-5.4% | -$31.78M-1.1% | -$31.44M+14.4% | -$36.73M-96.1% | -$18.73M+41.9% | |
| Servicing And Asset Management | $22.43M— | —— | $36.96M-1.5% | $37.54M+96.3% | $19.13M-47.7% | |
| Income Tax Expense Benefit by Business | ||||||
| Capital Markets | $12.98M+27.6% | $10.17M-2.1% | $10.38M-15.5% | $12.29M+463% | $2.18M-81.2% | |
| Corporate | -$14.99M-27.1% | -$11.8M-3.1% | -$11.45M-116% | -$5.29M+69.5% | -$17.31M-127% | |
| Servicing And Asset Management | $10.03M— | —— | $13.58M+150% | $5.43M-69.2% | $17.65M+152% | |
| Total Assets by Business | ||||||
| Capital Markets | $3.17B+56.0% | $2.03B-29.1% | $2.87B+54.9% | $1.85B+16.9% | $1.58B+12.5% | |
| Corporate | $460.02M-23.5% | $601.71M+13.3% | $530.93M+9.1% | $486.78M+8.6% | $448.23M-16.2% | |
| Servicing And Asset Management | $2.54B+4.5% | $2.43B+1.1% | $2.4B+2.7% | $2.34B-5.8% | $2.48B+1.7% | |
| Operating Expenses by Business | ||||||
| Capital Markets | $120.45M-21.5% | $153.44M+7.7% | $142.44M+11.8% | $127.36M+29.9% | $98.03M-24.0% | |
| Corporate | $49.09M-0.8% | $49.47M+0.6% | $49.18M+3.0% | $47.73M+22.6% | $38.94M-9.3% | |
| Servicing And Asset Management | $105.84M-32.0% | $155.67M+55.5% | $100.12M+2.4% | $97.77M+2.7% | $95.16M-19.0% | |
| Operating Income Loss Percentage by Business | ||||||
| Capital Markets | 26%— | —— | 21%-5.0pp | 26%+22.0pp | 4%-3.0pp | |
| Corporate | -8,262%— | —— | -681%+54.0pp | -735%+511pp | -1,246%-1,164pp | |
| Servicing And Asset Management | 23%— | —— | 34%+3.0pp | 31%+3.0pp | 28%— | |
| Other Expenses by Business | ||||||
| Capital Markets | $5.47M+37.7% | $3.97M-29.7% | $5.65M+6.4% | $5.31M-14.9% | $6.24M+14.3% | |
| Corporate | $21.48M+19.2% | $18.03M-20.8% | $22.76M+5.2% | $21.63M+7.2% | $20.18M+18.1% | |
| Servicing And Asset Management | $3.56M— | $0-100% | $8.47M+30.0% | $6.51M-1.5% | $6.61M-50.3% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Capital Markets | $41.99M+12.3% | $37.39M-2.4% | $38.31M-15.7% | $45.43M+900% | $4.54M-91.3% | |
| Corporate | -$48.5M-11.3% | -$43.58M-1.6% | -$42.89M-2.1% | -$42.02M-16.6% | -$36.05M+9.6% | |
| Servicing And Asset Management | $32.46M— | —— | $50.51M+17.6% | $42.97M+16.9% | $36.75M-7.9% | |
| Labor And Related Expense by Business | ||||||
| Capital Markets | $109.85M-22.2% | $141.27M+7.7% | $131.11M+12.6% | $116.44M+34.7% | $86.47M-29.5% | |
| Corporate | $23.86M+9.0% | $21.89M-4.8% | $23M+1.3% | $22.7M+47.6% | $15.38M-32.0% | |
| Servicing And Asset Management | $19.12M-20.2% | $23.96M+2.8% | $23.3M+2.5% | $22.74M+16.4% | $19.55M-18.4% | |
| Interest Expense Debt by Business | ||||||
| Capital Markets | $3.99M-7.7% | $4.32M-4.8% | $4.54M+1.5% | $4.47M+6.7% | $4.19M-5.9% | |
| Corporate | $1.33M-9.5% | $1.47M-3.0% | $1.51M+1.5% | $1.49M+6.7% | $1.4M-5.9% | |
| Servicing And Asset Management | $9.59M-6.0% | $10.2M-2.0% | $10.4M-3.8% | $10.81M+8.9% | $9.93M-0.6% | |
| D&A by Business | ||||||
| Capital Markets | $1.15M0.0% | $1.15M0.0% | $1.15M0.0% | $1.15M+0.4% | $1.14M+0.2% | |
| Corporate | $2.42M-9.2% | $2.67M+40.2% | $1.9M-0.2% | $1.91M-3.7% | $1.98M+12.6% | |
| Servicing And Asset Management | $59.39M+1.9% | $58.27M+2.2% | $56.99M+2.0% | $55.88M+2.5% | $54.5M-16.4% | |
| Goodwill Acquired by Business | ||||||
| Capital Markets | $0— | —— | $0— | $0— | $0— | |
| Servicing And Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Goodwill Gross by Business | ||||||
| Capital Markets | $524.19M0.0% | $524.19M0.0% | $524.19M0.0% | $524.19M0.0% | $524.19M0.0% | |
| Servicing And Asset Management | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | |
| Goodwill Impaired Accumulated Impairment Loss by Business | ||||||
| Capital Markets | $95M0.0% | $95M0.0% | $95M0.0% | $95M0.0% | $95M0.0% | |
| Goodwill by Business | ||||||
| Capital Markets | $429.19M0.0% | $429.19M0.0% | $429.19M0.0% | $429.19M0.0% | $429.19M0.0% | |
| Corporate | $0— | $0— | $0— | $0— | $0— | |
| Servicing And Asset Management | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | $439.52M0.0% | |
| Goodwill Impairment by Business | ||||||
| Capital Markets | $0— | —— | $0— | $0— | $0-100% | |
| Servicing And Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Escrow Earnings And Other Interest Income | $32.7M-11.8% | $37.09M-19.9% | $46.3M+28.7% | $35.99M+8.4% | $33.21M-24.5% | |
| Fair Value Of Expected Future Cash Flows From Servicing Rights Net | $46.77M-6.6% | $50.06M+2.9% | $48.66M-8.5% | $53.15M+91.1% | $27.81M-50.3% | |
| Investment Management Fees | $10.23M-8.6% | $11.19M+81.2% | $6.18M-18.5% | $7.58M-21.7% | $9.68M— | |
| Loan Origination And Debt Brokerage Fees Net | $88.53M-14.6% | $103.61M+5.9% | $97.85M+3.7% | $94.31M+103% | $46.38M-50.6% | |
| Net Warehouse Interest Income Expense Net | $25K+103% | -$909K+55.3% | -$2.04M-15.6% | -$1.76M-124% | -$786K+64.0% | |
| Property Sales Broker Fees | $13.18M-53.7% | $28.49M+7.3% | $26.55M+77.4% | $14.96M+10.7% | $13.52M-36.1% | |
| Servicing Fees | $85.44M-1.0% | $86.34M+1.3% | $85.19M+1.8% | $83.69M+1.8% | $82.22M-0.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Walker & Dunlop break its business down?
- Walker & Dunlop (WD) reports revenue by business across 3 parts — Capital Markets, Corporate and Servicing And Asset Management. Each is extracted from the segment footnotes and tracked over time.
- Where does Walker & Dunlop's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Walker & Dunlop's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.