| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 71.53 | 23.4% |
| Total Income | 71.53 | 23.4% |
| Expenditure | 47.64 | 9.6% |
| PBT | 25.95 | 395.2% |
| Net Profit | 15.87 | 477.1% |
| OPM | โ | |
| NPM | 22.19% | 17.44pp |
| EPS | 0.46 | 475.0% |
Walker & Dunlop Reports Q1 2026: Transaction Volume Up 94% to $13.7 Billion
07 May 2026 ยท 7 May, 3:42 pm
Summary
Walker & Dunlop reported a strong first quarter of 2026, with total transaction volume increasing by 94% to $13.7 billion. Total revenues grew by 27% to $301.3 million, driving a 476% increase in net income to $15.9 million, or $0.46 per diluted share. The Capital Markets segment delivered improved operating margins and profitability, and the company's servicing portfolio expanded by 8% year over year. Management remains confident in the 2026 outlook and the ability to grow the company in the coming quarters and years.
Key Highlights
- 1
Walker & Dunlop's total transaction volume increased by 94% to $13.7 billion in Q1 2026.
- 2
Total revenues grew by 27% to $301.3 million compared to Q1 2025.
- 3
Net income increased by 476% to $15.9 million, with diluted earnings per share up 475% to $0.46.
- 4
Adjusted EBITDA increased by 14% to $73.8 million compared to the prior year.
- 5
The servicing portfolio grew by 8% to $146.4 billion as of March 31, 2026.
- 6
Adjusted core EPS increased by 20% to $1.02 in the first quarter of 2026.
- 7
The company repurchased $13.3 million of common stock during the quarter at a weighted average price of $47.13.
Management Comments
Willy Walker
The strength of our first-quarter transaction volumes and earnings is due to the W&D team, our brand, and our market position as one of the very best commercial real estate capital markets firms in the world. Strong financing volumes generated robust quarterly transaction fees, which, coupled with recurring servicing and asset management fees, generated solid quarterly earnings as we begin the pursuit of our annual and five-year financial goals. We enter the second quarter with a strong pipeline across all executions, customer segments, and geographies. While the macro environment remains challenging -- marked by interest rate volatility, high oil prices, and the Iran conflict -- many clients continue to transact due to loan maturities, the need to return capital to investors, and investment opportunities across the country. We remain confident in our 2026 outlook and in our ability to grow our company in the coming quarters and years.
Informational and educational content only. Not investment advice.