Walker & Dunlop WD Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Capital Markets | $162.44M+58.4% | $190.84M+5.4% | $180.75M+25.8% | $172.79M+46.2% | $102.57M+25.2% | |
| Corporate | $587K-79.7% | $5.89M+90.6% | $6.29M+69.7% | $5.71M+33.7% | $2.89M-41.3% | |
| Servicing And Asset Management | $138.3M+4.9% | $143.3M-8.9% | $150.63M+4.0% | $140.74M-5.1% | $131.9M-6.6% | |
| Profit Loss by Business | ||||||
| Capital Markets | $29.01M+1,129% | $27.22M-32.8% | $27.93M+27.8% | $33.14M+195% | $2.36M+135% | |
| Corporate | -$33.51M-78.9% | -$31.78M+1.3% | -$31.44M-3.1% | -$36.73M-27.5% | -$18.73M+24.2% | |
| Servicing And Asset Management | $22.43M+17.3% | —— | $36.96M-1.4% | $37.54M-7.2% | $19.13M-55.8% | |
| Income Tax Expense Benefit by Business | ||||||
| Capital Markets | $12.98M+495% | $10.17M-12.2% | $10.38M+46.8% | $12.29M+266% | $2.18M+225% | |
| Corporate | -$14.99M+13.4% | -$11.8M-54.5% | -$11.45M-27.1% | -$5.29M+55.9% | -$17.31M-165% | |
| Servicing And Asset Management | $10.03M-43.2% | —— | $13.58M+26.2% | $5.43M-67.1% | $17.65M+58.3% | |
| Total Assets by Business | ||||||
| Capital Markets | $3.17B+100% | $2.03B+44.4% | $2.87B+67.5% | $1.85B+24.1% | $1.58B+37.0% | |
| Corporate | $460.02M+2.6% | $601.71M+12.5% | $530.93M+42.8% | $486.78M+21.6% | $448.23M+11.9% | |
| Servicing And Asset Management | $2.54B+2.2% | $2.43B-0.6% | $2.4B-3.8% | $2.34B+2.4% | $2.48B+9.3% | |
| Operating Expenses by Business | ||||||
| Capital Markets | $120.45M+22.9% | $153.44M+19.0% | $142.44M+24.1% | $127.36M+23.0% | $98.03M+8.6% | |
| Corporate | $49.09M+26.1% | $49.47M+15.2% | $49.18M+13.8% | $47.73M+5.9% | $38.94M+7.6% | |
| Servicing And Asset Management | $105.84M+11.2% | $155.67M+32.6% | $100.12M+3.4% | $97.77M+4.2% | $95.16M+8.2% | |
| Operating Income Loss Percentage by Business | ||||||
| Capital Markets | 26%+22.0pp | —— | 21%+1.0pp | 26%+14.0pp | 4%+14.0pp | |
| Corporate | -8,262%-7,016pp | —— | -681%+385pp | -735%+219pp | -1,246%-611pp | |
| Servicing And Asset Management | 23%-5.0pp | —— | 34%+1.0pp | 31%-6.0pp | 28%-10.0pp | |
| Other Expenses by Business | ||||||
| Capital Markets | $5.47M-12.3% | $3.97M-27.2% | $5.65M+9.9% | $5.31M+14.4% | $6.24M+23.4% | |
| Corporate | $21.48M+6.4% | $18.03M+5.5% | $22.76M+12.5% | $21.63M+2.1% | $20.18M+8.1% | |
| Servicing And Asset Management | $3.56M-46.2% | $0-100% | $8.47M+28.1% | $6.51M-3.2% | $6.61M+29.0% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Capital Markets | $41.99M+825% | $37.39M-28.2% | $38.31M+32.4% | $45.43M+211% | $4.54M+155% | |
| Corporate | -$48.5M-34.5% | -$43.58M-9.4% | -$42.89M-8.5% | -$42.02M-3.0% | -$36.05M-15.3% | |
| Servicing And Asset Management | $32.46M-11.7% | —— | $50.51M+5.0% | $42.97M-21.0% | $36.75M-31.0% | |
| Labor And Related Expense by Business | ||||||
| Capital Markets | $109.85M+27.0% | $141.27M+15.2% | $131.11M+24.9% | $116.44M+25.9% | $86.47M+9.2% | |
| Corporate | $23.86M+55.1% | $21.89M-3.2% | $23M+17.4% | $22.7M+10.7% | $15.38M+8.1% | |
| Servicing And Asset Management | $19.12M-2.2% | $23.96M0.0% | $23.3M+11.2% | $22.74M+13.3% | $19.55M+8.3% | |
| Interest Expense Debt by Business | ||||||
| Capital Markets | $3.99M-4.8% | $4.32M-3.0% | $4.54M-7.2% | $4.47M-15.7% | $4.19M-13.7% | |
| Corporate | $1.33M-4.9% | $1.47M-1.1% | $1.51M-7.4% | $1.49M-8.6% | $1.4M-13.7% | |
| Servicing And Asset Management | $9.59M-3.4% | $10.2M+2.1% | $10.4M-11.2% | $10.81M-1.2% | $9.93M-11.3% | |
| D&A by Business | ||||||
| Capital Markets | $1.15M+0.4% | $1.15M+0.6% | $1.15M+0.8% | $1.15M+0.7% | $1.14M+0.4% | |
| Corporate | $2.42M+22.3% | $2.67M+51.6% | $1.9M+8.4% | $1.91M+10.2% | $1.98M+17.8% | |
| Servicing And Asset Management | $59.39M+9.0% | $58.27M-10.6% | $56.99M+4.2% | $55.88M+5.1% | $54.5M+2.7% | |
| 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% | $95M+53.2% | $95M+53.2% | $95M+53.2% | |
| Goodwill by Business | ||||||
| Capital Markets | $429.19M0.0% | $429.19M0.0% | $429.19M-7.1% | $429.19M-7.1% | $429.19M-7.1% | |
| 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— | |
| Servicing And Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Escrow Earnings And Other Interest Income | $32.7M-1.5% | $37.09M-15.6% | $46.3M+6.3% | $35.99M-12.3% | $33.21M-15.7% | |
| Fair Value Of Expected Future Cash Flows From Servicing Rights Net | $46.77M+68.2% | $50.06M-10.5% | $48.66M+12.0% | $53.15M+59.4% | $27.81M+33.1% | |
| Investment Management Fees | $10.23M+5.6% | $11.19M— | $6.18M-47.4% | $7.58M-48.9% | $9.68M-28.4% | |
| Loan Origination And Debt Brokerage Fees Net | $88.53M+90.9% | $103.61M+10.3% | $97.85M+33.0% | $94.31M+44.3% | $46.38M+6.0% | |
| Net Warehouse Interest Income Expense Net | $25K+103% | -$909K+58.4% | -$2.04M+5.2% | -$1.76M-11.1% | -$786K+29.6% | |
| Property Sales Broker Fees | $13.18M-2.5% | $28.49M+34.5% | $26.55M+37.4% | $14.96M+32.8% | $13.52M+53.3% | |
| Servicing Fees | $85.44M+3.9% | $86.34M+4.1% | $85.19M+3.6% | $83.69M+4.1% | $82.22M+2.7% |
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.