Walker & Dunlop, Inc., operating through its subsidiaries, offers a comprehensive range of financial products and services tailored for real estate owners ...
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Est. EPS $1.40 · Revenue $341.77M · 2 analysts
Est. EPS $1.30 · Revenue $369.87M · 2 analysts
Est. EPS $4.83 · Revenue $1.32B · 2 analysts
Est. EPS $1.33 · Revenue $344.10M · 1 analysts
$2.70 per share
$2.70 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.2B | +9.0% | +10.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $57.1M | -47.2% | -81.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +61.3% | +37.9% | +105.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +17.3% | +48.7% | -96.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +4.6% | -51.6% | -83.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-680.1M | -684.3% | +102.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -55.1% | -636.1% | +101.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 129.7% | +36.7% | -33.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.32x | -99.4% | +151.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.1B | +15.5% | -20.6% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.64 vs 3.19 | -48.6% | 0.09 vs 1.40 | -93.6% |
| Revenue Surprise | $1.2B vs $1.2B | -0.3% | $306.7M vs $341.8M | -10.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 4, 2026 | THEOBALD STEPHEN P | officer: EVP & Chief Operating Officer | Dividend Equivalent Rights | A | 121 | — |
| Jun 4, 2026 | Pryor Paula A. | officer: EVP and Chief HR Officer | Dividend Equivalent Rights | A | 41 | — |
| Jun 4, 2026 | Groman Daniel J | officer: EVP, GC, Secretary & CCO | Dividend Equivalent Rights | A | 98 | — |
| Jun 4, 2026 | Florkowski Gregory | officer: EVP & Chief Financial Officer | Dividend Equivalent Rights | A | 68 | — |
| Jun 4, 2026 | Walker William M | director, officer: Chairman & CEO | Dividend Equivalent Rights | A | 40 | — |
Operator: Good day, and welcome to the First Quarter 2026 Walker & Dunlop Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kelsey Duffey. Please go ahead. Kelsey Montz: Thank you, Lisa. Good morning, everyone. Thank you for joining Walker & Dunlop's First Quarter 2026 Earnings Call. I have with me this morning our Chairman and CEO, Willy Walker; and our CFO, Greg Florkowski. This call is being webcast live on our website, and a recording will be available later today. Both our earnings press release and website provide details on accessing the archived webcast. This morning, we posted our earnings release and presentation to the Investor Relations section of our website, www.walkerdunlop.com. These slides serve as a reference point for some of what Willy and Greg will touch on during the call. Please also note that we will reference the non-GAAP financial metrics, adjusted EBITDA, and adjusted core EPS during the course of this call. Please refer to the appendix of the earnings presentation for a reconciliation of these non-GAAP financial metrics. Investors are urged to carefully read the forward-looking statements language in our earnings release. Statements made on this call, which are not historical facts, may be deemed forward-looking statements within the private -- the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe our current expectations and actual results may differ materially. Walker & Dunlop is under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise, and we expressly disclaim any obligation to do so. More detailed information about risk factors can be found in our annual and quarterly reports filed with the SEC. I'll now turn the call over to Willy. Willy Walker: Thank you, Kelsey, and good morning, everyone. I want to start the call by thanking Kelsey for her incredible 12 years at Walker & Dunlop. She is going to take early retirement to spend more time with her family and everyone at Walker & Dunlop and Greg and I particularly are extremely appreciative of all you have done for Walker & Dunlop over the last 12 years. So thank you, Kelsey. We started 2026 with active commercial real estate capital markets across the industry, and Walker & Dunlop closed $13.7 billion of total transaction volume, up 94% from Q1 2025, as shown on Slide 3. That strong transaction activity, coupled with continued growth in our servicing portfolio drove total revenues of $301 million, up 27% year-over-year, and diluted earnings per share of $0.46, up 475% over Q1 of 2025. Adjusted EBITDA grew to $74 million, up 14% year-over-year. Our Q1 2026 financial performance reflects Walker & Dunlop's teamwork, brand, and continued standing as one of the best commercial real estate capital markets firms in the industry. Debt originations totaled $11.8 billion, more than …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
William Mallory Walker | Chairman, President & Chief Executive Officer | USD 2,329,321 | Male | 1967 | Active |
Stephen Theobald | Executive Vice President & Chief Operating Officer | USD 1,269,345 | Male | 1962 | Active |
Gregory Florkowski | Executive Vice President & Chief Financial Officer | USD 957,513 | Male | 1981 | Active |
Dan Groman | Executive Vice President, General Counsel, Secretary & Chief Compliance Officer | USD 816,911 | Male | — | Active |
Paula A. Pryor | Executive Vice President & Chief Human Resources Officer | USD 727,061 | Female | 1978 | Active |
Jack Balaban | Senior Vice President of Technology | — | Male | — | Active |
Aaron J. Perlis | Executive Vice President of Special Asset Management | — | Male | — | Active |
Anthony Jacob McGill | Senior MD & Head of Investment Banking | — | Male | — | Active |
Kyle Winning | Executive VP & Chief Investment Officer | — | Male | — | Active |
Kelsey Duffey | Senior Vice President of Investor Relations | — | Female | — | Active |
BETHESDA, Md,--(BUSINESS WIRE)--Walker & Dunlop Investment Partners (WDIP) closed nearly $242 million of multifamily bridge loans in the second quarter of 2026.
Walker & Dunlop NYSE: WD reported second-quarter transaction volume growth and continued expansion of its servicing portfolio, while earnings were weighed down by charges tied to previously disclosed problem loans associated with a borrower fraud investigation.
Walker & Dunlop, Inc. (WD) Q2 2026 Earnings Call Transcript
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop Reports Second Quarter 2026 Financial Results.
Walker & Dunlop, Inc. (WD) Discusses Global Markets, Policy Trends, and Leadership Experiences Transcript
