Walker & Dunlop Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	-	40.06	44.71	65.07	54.89
Total Interest Expense	70.21	116.78	118.81	83.52	40.76
Net Interest Income	-70.21	-76.72	-74.11	-18.46	14.13
Commissions and Fees	337.44	325.64	311.91	300.19	278.47
Other Revenue	525.58	500.34	468.37	522.85	486.95
Revenue Before Loan Losses	1,170	1,063	985.96	1,225	1,251
Provision for Loan Losses	9.59	10.84	-10.45	-11.98	-13.29
Revenue	1,160	1,052	996.42	1,236	1,264
Revenue Growth (YoY)	10.27%	5.58%	-19.42%	-2.21%	21.86%
Salaries & Employee Benefits	647.81	559.25	514.29	607.37	603.49
Cost of Services Provided	-	16.06	14.15	16.37	9.44
Other Operating Expenses	166.01	124.93	103.53	126.28	82.33
Total Operating Expenses	1,053	937.79	858.72	985.05	905.54
Operating Income	107.5	114.18	137.7	251.45	358.95
EBT Excluding Unusual Items	115.74	114.18	137.7	251.45	358.95
Impairment of Goodwill	-	-33	-62	-	-
Other Unusual Items	-	50.32	62.5	13.51	-6.89
Pretax Income	79	131.5	138.2	264.97	352.06
Income Tax Expense	22.01	30.54	35.03	56.03	86.43
Earnings From Continuing Ops.	56.99	100.96	103.17	208.93	265.63
Minority Interest in Earnings	0.1	7.21	4.19	4.89	0.13
Net Income	57.08	108.17	107.36	213.82	265.76
Preferred Dividends & Other Adjustments	-	2.44	2.75	6.1	8.84
Net Income to Common	57.08	105.73	104.61	207.72	256.93
Net Income Growth	-47.23%	0.75%	-49.79%	-19.55%	7.96%
Shares Outstanding (Basic)	33	33	33	32	31
Shares Outstanding (Diluted)	33	33	33	33	32
Shares Change (YoY)	0.64%	0.86%	0.57%	3.66%	1.45%
EPS (Basic)	1.71	3.19	3.20	6.43	8.27
EPS (Diluted)	1.64	3.19	3.18	6.36	8.15
EPS Growth	-48.59%	0.31%	-50.00%	-21.96%	5.98%
Free Cash Flow	-	116.4	-16.72	1,561	861.25
Free Cash Flow Per Share	-	3.51	-0.51	47.75	27.31
Dividend Per Share	2.680	2.600	2.520	2.400	2.000
Dividend Growth	3.08%	3.17%	5.00%	20.00%	38.89%
Operating Margin	9.27%	10.85%	13.82%	20.34%	28.39%
Profit Margin	4.92%	10.05%	10.50%	16.80%	20.32%
Free Cash Flow Margin	-	11.06%	-1.68%	126.22%	68.11%
Effective Tax Rate	27.87%	23.23%	25.35%	21.15%	24.55%
Revenue as Reported	1,234	1,132	1,054	1,259	1,259

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q