Walker & Dunlop Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	48.32	40.06	44.71	65.07	54.89	70.83
Total Interest Expense	119.74	116.78	118.81	83.52	40.76	50.06
Net Interest Income	-71.42	-76.72	-74.11	-18.46	14.13	20.78
Commissions and Fees	334.06	325.64	311.91	300.19	278.47	235.8
Other Revenue	555.63	500.34	468.37	522.85	486.95	448.81
Revenue Before Loan Losses	1,171	1,063	985.96	1,225	1,251	1,075
Provision for Loan Losses	11.01	10.84	-10.45	-11.98	-13.29	37.48
Revenue	1,160	1,052	996.42	1,236	1,264	1,038
Revenue Growth (YoY)	17.65%	5.58%	-19.42%	-2.21%	21.86%	30.43%
Salaries & Employee Benefits	629.87	559.25	514.29	607.37	603.49	468.82
Cost of Services Provided	16.06	16.06	14.15	16.37	9.44	8.86
Other Operating Expenses	135.76	124.93	103.53	126.28	82.33	60.73
Total Operating Expenses	1,026	937.79	858.72	985.05	905.54	707.41
Operating Income	133.72	114.18	137.7	251.45	358.95	330.27
EBT Excluding Unusual Items	133.72	114.18	137.7	251.45	358.95	330.27
Impairment of Goodwill	-33	-33	-62	-	-	-
Other Unusual Items	48.96	50.32	62.5	13.51	-6.89	-
Pretax Income	149.68	131.5	138.2	264.97	352.06	330.27
Income Tax Expense	38.42	30.54	35.03	56.03	86.43	84.31
Earnings From Continuing Ops.	111.26	100.96	103.17	208.93	265.63	245.95
Minority Interest in Earnings	3.73	7.21	4.19	4.89	0.13	0.22
Net Income	114.99	108.17	107.36	213.82	265.76	246.18
Preferred Dividends & Other Adjustments	2.68	2.44	2.75	6.1	8.84	7.34
Net Income to Common	112.31	105.73	104.61	207.72	256.93	238.84
Net Income Growth	21.14%	0.75%	-49.79%	-19.55%	7.96%	41.99%
Shares Outstanding (Basic)	33	33	33	32	31	30
Shares Outstanding (Diluted)	33	33	33	33	32	31
Shares Change (YoY)	0.71%	0.86%	0.57%	3.66%	1.45%	0.87%
EPS (Basic)	3.37	3.19	3.20	6.43	8.27	7.85
EPS (Diluted)	3.37	3.19	3.18	6.36	8.15	7.69
EPS Growth	20.18%	0.31%	-50.00%	-21.96%	5.98%	41.18%
Free Cash Flow	-949.31	116.4	-16.72	1,561	861.25	-1,414
Free Cash Flow Per Share	-28.49	3.51	-0.51	47.75	27.31	-45.50
Dividend Per Share	2.660	2.600	2.520	2.400	2.000	1.440
Dividend Growth	3.10%	3.17%	5.00%	20.00%	38.89%	20.00%
Operating Margin	11.53%	10.85%	13.82%	20.34%	28.39%	31.83%
Profit Margin	9.68%	10.05%	10.50%	16.80%	20.32%	23.02%
Free Cash Flow Margin	-81.83%	11.06%	-1.68%	126.22%	68.11%	-136.30%
Effective Tax Rate	25.67%	23.23%	25.35%	21.15%	24.55%	25.53%
Revenue as Reported	1,236	1,132	1,054	1,259	1,259	1,084

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q