| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 82.37 | 15.2% | 5.9% |
| Total Income | 82.37 | 15.2% | 5.9% |
| Expenditure | 80.13 | 68.2% | 155.4% |
| PBT | 2.07 | 92.0% | 95.5% |
| Net Profit | 3.01 | 81.0% | 91.1% |
| OPM | โ | ||
| NPM | 3.65% | 18.54pp | 40.02pp |
| EPS | 0.09 | 80.4% | 91.0% |
Walker & Dunlop Reports Q2 2026 Financial Results
06 Aug 2026 ยท 6 Aug, 3:42 pm
Summary
Walker & Dunlop reported second quarter 2026 financial results, with total transaction volume reaching $14.4 billion, up 3% year-over-year. Total revenues decreased by 4% to $306.7 million, and net income saw a significant decline of 91% to $3.0 million, resulting in diluted EPS of $0.09. However, adjusted core EPS increased by 3% to $1.19. The company highlighted gains in market share with GSEs and the expansion of its servicing portfolio to $145.8 billion, up 6% year-over-year, emphasizing the durable, recurring cash flows generated from these businesses.
Key Highlights
- 1
Walker & Dunlop reported total transaction volume of $14.4 billion for the second quarter of 2026, an increase of 3% from Q2'25.
- 2
Total revenues for the second quarter of 2026 were $306.7 million, a decrease of 4% compared to Q2'25.
- 3
Net income for Q2 2026 was $3.0 million, with diluted earnings per share of $0.09, both down 91% from Q2'25.
- 4
Adjusted core EPS for Q2 2026 was $1.19, an increase of 3% from Q2'25.
- 5
The servicing portfolio stood at $145.8 billion as of June 30, 2026, up 6% from June 30, 2025.
- 6
Year-to-date GSE market share reached 14.7% in 2026, compared to 11.2% in the same period of 2025.
Management Comments
Willy Walker
Walker & Dunlop continues to demonstrate the strength and resilience of our commercial real estate capital markets platform by gaining market share with the GSEs, expanding our capital markets capabilities, and generating durable, recurring cash flows from our servicing and asset management businesses. While our Q2 financial results reflect the impact of the legacy repurchases and associated credit marks, we are nearing the conclusion of these reviews which have strengthened our underwriting processes along with our partnerships with Fannie Mae and Freddie Mac. The GSEโs have a tremendous amount of lending capacity for the remainder of 2026, and after expanding W&Dโs market share by 3.5% in the first half of 2026 to 15%, we see plenty of opportunity going forward. Our focus now firmly turns to the Journey to โ30, our five-year strategic growth plan to become the best commercial real estate capital markets company in the world by expanding the services we offer, the depth of our client relationships, and generating long-term value for our shareholders.
Informational and educational content only. Not investment advice.