Walker & Dunlop (WD) Operating Expenses (2010 - 2026)
Walker & Dunlop (WD) posted Operating Expenses of $304.6 million for Q2 2026, up 10.62% on a QoQ basis from $275.4 million in Q1 2026, and up 11.64% year-over-year from $272.9 million in Q2 2025.
Analysis
Walker & Dunlop (WD) Operating Expenses (2010 - 2026) Analysis & Trends
Walker & Dunlop has reported Operating Expenses for 17 years, with the latest figure at $304.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 11.64% year-over-year to $304.6 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 17.27% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 15.42% from the prior year.
- Operating Expenses was $304.6 million for Q2 2026 at Walker & Dunlop, up from $275.4 million in the prior quarter.
- The five-year high for Operating Expenses was $358.6 million in Q4 2025, with the low at $204.1 million in Q1 2023.
- Average Operating Expenses over 5 years is $258.1 million, with a median of $248.6 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 51.84% in 2022 against a maximum downside of 20.74% in 2022.
- Over 5 years, Operating Expenses stood at $235.7 million in 2022, then dropped by 0.3% to $235.0 million in 2023, then rose by 23.14% to $289.3 million in 2024, then increased by 23.93% to $358.6 million in 2025, then decreased by 15.05% to $304.6 million in 2026.
- The last three Operating Expenses figures came in at $304.6 million (Q2 2026), $275.4 million (Q1 2026), and $358.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Federal National Mortgage Association Fannie Mae | 79.20 Bn | 79.20 Bn | - | 2.07 Bn |
| 2 | Rocket Companies | 52.80 Bn | 49.70 Bn | - | 2.50 Bn |
| 3 | Figure Technology Solutions | 8.04 Bn | 6.51 Bn | 196.67 Mn | 147.85 Mn |
| 4 | PennyMac Financial Services | 3.81 Bn | 3.06 Bn | 480.08 Mn | 465.44 Mn |
| 5 | Federal Agricultural Mortgage | 2.47 Bn | 1.43 Bn | - | 11.59 Mn |
| 6 | UWM Holdings | 2.36 Bn | 2.71 Bn | - | 635.05 Mn |
| 7 | CNFinance Holdings | 1.51 Bn | 1.51 Bn | - | - |
| 8 | Walker & Dunlop | 1.42 Bn | 1.27 Bn | - | 304.62 Mn |
| 9 | Velocity Financial | 725.75 Mn | -6.72 Bn | - | 59.75 Mn |
| 10 | loanDepot | 338.91 Mn | 159.79 Mn | - | 343.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 304.62 Mn |
| Mar 31, 2026 | 275.38 Mn |
| Dec 31, 2025 | 358.58 Mn |
| Sep 30, 2025 | 291.74 Mn |
| Jun 30, 2025 | 272.87 Mn |
| Mar 31, 2025 | 232.12 Mn |
| Dec 31, 2024 | 289.33 Mn |
| Sep 30, 2024 | 254.80 Mn |
| Jun 30, 2024 | 242.48 Mn |
| Mar 31, 2024 | 214.38 Mn |
| Dec 31, 2023 | 234.97 Mn |
| Sep 30, 2023 | 240.53 Mn |
| Jun 30, 2023 | 236.60 Mn |
| Mar 31, 2023 | 204.14 Mn |
| Dec 31, 2022 | 235.68 Mn |
| Sep 30, 2022 | 261.42 Mn |
| Jun 30, 2022 | 267.24 Mn |
| Mar 31, 2022 | 229.45 Mn |
| Dec 31, 2021 | 297.34 Mn |
| Sep 30, 2021 | 251.55 Mn |