NYSE$WD

Walker & Dunlop Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Walker & Dunlop reported Q1 2025, revenue of $201M, net income of $42M, diluted EPS of $1.23.

For Q1 2025, Walker & Dunlop reported revenue of $201M, net income of $42M, diluted EPS was $1.23. The filing highlights segment performance, liquidity, and management commentary on the period.

  • Revenue $201M.
  • Net income $42M.
  • Diluted EPS $1.23.

Headline financials

Total Revenue

$237M

Previous: $228M+4.1%
EPS (adj)

$1.23

Previous: $0.35+251.4%
Total Transaction Volume

$7.04B

Previous: $6.39B+10.0%
Debt Financing Volume

$5.2B

Previous: $5.23B-0.6%
Property Sales Volume

$1.84B

Previous: $1.17B+57.6%
Total Servicing Portfolio

$136B

Previous: $132B+2.8%
Operating Margin

2.0%

Previous: 6.0%-66.7%
Adjusted EBITDA

$65M

Previous: $74.1M-12.4%
Return on Equity

1.0%

Previous: 3.0%-66.7%
Custodial Escrow Deposits

$2.4B

Previous: $2.3B+4.3%
WA Servicing Fee Rate

24.4

Previous: 24+1.7%
WA Remaining Term

7.5

Previous: 8-6.3%
At-Risk Servicing Portfolio

$64.5B

Previous: $59.5B+8.3%
Max Exposure At-Risk

$13.2B

Previous: $12.1B+9.2%
Defaulted Loans

$109M

Previous: $63.3M+71.6%
Allowance % of At-Risk

0.1%

Previous: 0.1%+0.0%
Allowance % of Max Exp

0.2%

Previous: 0.3%-4.0%
Origination Fee Rate

0.9%

Previous: 0.8%+7.1%
Agency MSR Rate

1.1%

Previous: 1.1%+2.7%
Personnel Expense %

51.0%

Previous: 49.0%+4.1%
Other Operating Exp %

14.0%

Previous: 13.0%+7.7%
Net Income

$2.75M

Previous: $11.9M-76.8%
Operating Income

$5.24M

Previous: -$16.6M+131.5%

Revenue & EPS history

Walker & Dunlop · Revenue · Quarterly

$237M

Q1 2025+4.1%vs Q1 2024
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Walker & Dunlop · $273M total across 3 segments · Q2 2023

  • Servicing & Asset Management
    $143M+7.8%
  • Capital Markets
    $126M-39.4%
  • Corporate
    $3.79M+1278.2%

Forward guidance

Management discusses operating priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Headline results and segment trends anchor the quarter.
  • Liquidity supports operations and strategic initiatives.
  • MD&A outlines near-term priorities.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items affect comparability.
  • Execution risk on growth or restructuring plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.7%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.8%

Avg return

30 days after

57%

36 / 63 earnings

Positive

+15.8%

Q4 2016

Best reaction

-20.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.0%+3.8%-3.6%
Q4 2025-20.0%-17.3%-26.9%
Q3 2025-11.5%-15.2%-20.9%
Q1 2025-3.3%-6.6%-10.5%
Q4 2024-5.3%-6.2%-4.2%
Q3 2024-0.9%-2.4%-3.6%
Q2 2024+3.2%+3.2%+4.8%
Q1 2024+2.7%+4.1%+3.5%
Q4 2023+2.9%+0.3%-4.9%
Q3 2023-1.0%+11.4%+29.4%
Q2 2023-2.2%-4.2%-5.4%
Q1 2023+3.1%-2.5%+15.2%
Q4 2022-4.3%-4.6%-21.6%
Q3 2022-1.1%-1.3%-4.3%
Q2 2022-6.2%-4.4%-13.6%
Q1 2022-13.4%-16.5%-11.4%
Q4 2021+6.5%+8.7%+3.7%
Q3 2021+8.5%+10.3%+9.4%
Q2 2021+1.1%-0.1%+8.5%
Q1 2021-7.7%-12.3%-10.9%
Q4 2020+10.7%+16.0%+16.7%
Q3 2020+6.9%+15.8%+37.9%
Q2 2020+9.1%+14.4%+7.8%
Q1 2020+8.3%+3.5%+37.5%
Q4 2019+11.2%+13.9%-3.9%
Q3 2019+0.5%+3.2%+3.9%
Q2 2019+2.4%+2.8%-9.2%
Q1 2019+0.9%+0.6%-8.5%
Q4 2018+5.5%+6.9%+9.0%
Q3 2018-6.5%-7.7%-3.5%
Q2 2018-6.9%-10.2%-8.0%
Q1 2018-6.0%-5.0%-2.3%
Q4 2017+5.4%-3.0%+5.4%
Q3 2017-2.1%-14.3%-10.1%
Q2 2017-1.1%-2.3%-4.7%
Q1 2017+8.2%+8.8%+7.8%
Q4 2016+15.8%+18.8%+27.4%
Q3 2016+11.3%+16.2%+21.4%
Q2 2016+14.1%+16.6%+13.1%
Q1 2016+6.9%
Q4 2015-9.2%
Q3 2015+4.9%
Q2 2015-4.5%
Q1 2015+12.0%
Q4 2014-8.6%
Q3 2014+0.1%
Q2 2014+2.0%
Q1 2014-3.5%
Q4 2013+14.0%
Q3 2013-3.2%
Q2 2013-18.7%
Q1 2013-0.8%
Q4 2012-4.5%
Q3 2012+5.8%
Q2 2012-3.7%
Q1 2011-1.7%
Q1 2012+1.2%
Q4 2009+1.3%
Q4 2011+1.3%
Q3 2010+2.7%
Q3 2011+2.7%
Q2 2011+3.1%
Q4 2010+3.1%
Q2 2010
Q1 2010

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