NYSE$WD

Walker & Dunlop Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Walker & Dunlop reported record revenues and transaction volume, driven by growth in debt brokerage and property sales.

Walker & Dunlop's Q4 2021 results showcased record total revenues of $407.2 million, a 16% increase year-over-year, and a record total transaction volume of $27.1 billion, up 91% from Q4 2020. Net income was $79.9 million, with diluted earnings per share at $2.42. Adjusted EBITDA reached a record $109.7 million, marking an 89% increase from the same period last year.

  • Record total transaction volume of $27.1 billion, up 91% from Q4'20.
  • Record total revenues of $407.2 million, up 16% from Q4'20.
  • Net income of $79.9 million and diluted earnings per share of $2.42, down 4% and 7%, respectively, from Q4'20.
  • Servicing portfolio of $115.7 billion at December 31, 2021, up 8% from December 31, 2020.

Headline financials

Total Revenue

$407M

Previous: $350M+16.4%
EPS (adj)

$2.42

Previous: $2.59-6.6%
Debt Financing Volume

$17.8B

Previous: $11.3B+57.1%
Property Sales Volume

$9.29B

Previous: $2.85B+226.3%
Total Servicing Portfolio

$116B

Previous: $107B+7.9%
Operating Margin

27.0%

Previous: 34.0%-20.6%
Net Income

$79.9M

Previous: $83.1M-3.8%
Operating Income

$110M

Previous: $117M-6.4%
Gross Profit

$209M

Previous: $190M+9.9%
Cash & Equivalents

$306M

Previous: $321M-4.8%
Total Assets

$5.21B

Previous: $4.65B+11.9%
Stock-Based Comp

$36.6M

Previous: $28.3M+29.2%

Revenue & EPS history

Walker & Dunlop · Revenue · Quarterly

$407M

Q4 2021+16.4%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Walker & Dunlop · $128M total across 2 segments · Q4 2021

  • Servicing & Asset Management
    $72.8M
  • Capital Markets
    $54.8M

Forward guidance

Walker & Dunlop is carrying strong momentum into 2022 with the expectation that the talented professionals they have recruited, the brand they have built, and the implementation of valuable technology solutions will allow them to continue to grow even faster in the future.

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 Q4 2021

Historical avgQ4 2021

+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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