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Companies / Financials / Walker & Dunlop, Inc.
WD

Walker & Dunlop, Inc.

FinancialsFinance Services
Ticker WDBETHESDA, MDFiscal year ends DecemberBook value per share $51.20Diluted shares 33.3M

Walker & Dunlop, Inc. (NYSE: WD) is a leading commercial real estate services, finance, and technology company in the United States. The company operates through three reportable segments: Capital Markets, Servicing & Asset Management, and Corporate. Walker & Dunlop serves owners and developers of multifamily… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.23B
+9.0% year over year
Last 12 mo $1.29B
0.00%
$56.98M
−43.6% year over year
Last 12 mo $41.08M
4.75%
−2.9 percentage points
Last 12 mo 2.25%
Cash & financing
$-664.31M
−613.5% year over year
Last 12 mo $-119.18M
$-680.08M
−684.3% year over year
Last 12 mo $-131.24M
1.30
Was 0.89× a year earlier
Last 12 mo 1.29
33.4M
+0.6% year over year
Last 12 mo 33.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Walker & Dunlop, Inc. does

In the company’s own words

Walker & Dunlop, Inc. (NYSE: WD) is a leading commercial real estate services, finance, and technology company in the United States. The company operates through three reportable segments: Capital Markets, Servicing & Asset Management, and Corporate. Walker & Dunlop serves owners and developers of multifamily properties and other commercial real estate assets across the country through its comprehensive suite of integrated services.

The Capital Markets segment provides Agency lending through Fannie Mae's Delegated Underwriting and Servicing program, Freddie Mac lending, and HUD and Ginnie Mae programs. The company also offers debt brokerage services, property sales through its Walker & Dunlop Investment Sales subsidiary, appraisal and valuation services through Apprise, and housing market research and investment banking services through Zelman & Associates. The Servicing & Asset Management segment generates revenues from loan servicing fees, asset management fees, and net interest income on loans held for investment. This segment includes the company's investment management operations through Walker & Dunlop Investment Partners, which manages approximately $2.7 billion in assets under management across equity and credit funds. The company also provides affordable housing services through Walker & Dunlop Affordable Equity, functioning as a major tax credit syndicator and affordable housing developer.

As of December 31, 2025, Walker & Dunlop employed 1,466 full-time employees and generated total revenues of $1.23 billion. The company maintains an unpaid principal balance of approximately $144 billion in its servicing portfolio and manages $18.6 billion in assets under management. The company's website is located at http://www.walkerdunlop.com.

Walker & Dunlop competes on the basis of service quality, market insights, execution speed, relationships, loan structure, pricing, and product breadth. The company has established itself as one of the largest service providers to multifamily operators in the country, with approximately 72 percent of refinancing volumes coming from new loans and 19 percent of total transaction volumes from new customers. The company's competitive advantages include its established relationships with the Agencies, institutional investors, and borrowers, combined with its investments in technology, brand, and personnel.

Company details
Sector
Financials
Industry
Finance Services
Headquarters
BETHESDA, MD
Fiscal year end
December
CIK
1497770
SIC
6199

Financial performance, year by year

Fiscal 2013–2025 · USD
$-128.57M$257.14M$642.86M$1.03B$1.41B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Walker & Dunlop, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

248
funds hold it
0 of 35
superinvestors hold it
$838.96M
held by funds, at market
45.7%
of shares held by funds

Largest fund holders · Walker & Dunlop, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
T. Rowe Price Small-Cap Value Fund, Inc.
PRSVX · T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
0.35%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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