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MARKETS / NYSE / WD
NYSE · FINANCE SERVICES · LARGE CAP

Walker & Dunlop, Inc. WD

17 fiscal years on record · USD · FY2025 reported · SEC filings only
7 YEARS OF DIVIDEND GROWTH
$320.0M
▲ 20.6% YoY
$56.2M
▼ 48.0% YoY
$-680.1M
▼ 684.3% YoY
In brief

What this company does

Walker & Dunlop, Inc. is a commercial real estate services, finance, and technology company in the United States. As of December 31, 2025, the company had a total of 1,466 employees. The company has three reportable segments: Capital Markets, Servicing & Asset Management, and Corporate. The Corporate segment consists primarily of the company's treasury operations and other corporate-level activities. Walker & Dunlop, Inc. is a holding company that conducts the majority of its operations through Walker & Dunlop, LLC, its operating company.

Written from the business description in Walker & Dunlop, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 320.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 320.0 · Net income 56.2
200M400M200920112013201520172019202120232025
Compound annual growth
−9.4%
+20.6%
−3.7%
+6.6%
−35.9%
−25.6%
−3.7%
−36.4%
−26.6%
−4.7%
+3.7%
+13.2%
−5.7%
+5.8%
+9.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 24.7% · Net 17.8%
100%200%200920112013201520172019202120232025
ROE
FY2025 · ROE 3.2%
20%40%200920112013201520172019202120232025

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders
USD 102.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -0.7
0.8B-0.5B-1.0B200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 91.8 · Net buybacks 10.5
50M100M-80MDividendsNet buybacks20112013201520172019202120232025

USD 91.8M in dividends and USD 10.5M in buybacks — 182% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.1B
EquityUSD 1.7B
CashUSD 299.3M
Gross debtUSD 829.2M
Net debtUSD 529.9M

Net debt stands at 31% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.30.40.40.10.10.10.10.10.50.40.30.30.20.10.1
Operating income $B0.10.10.10.30.40.30.2·······0.10.00.0
EBITDA $B0.30.40.40.50.60.50.4·······0.10.10.0
Income tax $B0.00.00.00.10.10.10.10.10.00.10.10.00.00.00.00.0·
Net income $B0.10.10.10.20.30.20.20.20.20.10.10.10.00.00.00.00.0
Free cash flow $B−0.70.1−0.01.60.9−1.40.40.11.10.8−1.3−0.70.8−0.80.1−0.20.0
EPS, diluted $1.643.193.186.368.157.695.454.966.473.572.651.581.211.311.600.552.76
Dividend / sh $2.682.602.522.402.001.441.201.00·········
Payout %16382793724182119·········
ROE %3.26.26.313.219.422.117.918.929.720.717.812.311.013.124.28.556.6
Shares out B0.030.030.030.030.030.030.030.030.030.030.030.030.030.030.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2009

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