Walker & Dunlop (WD) Operating Expenses (2010 - 2026)
Walker & Dunlop (WD) posted quarterly Operating Expenses of $275.4 million for Q1 2026, up 18.64% year-over-year from $232.1 million in Q1 2025, and down 23.2% quarter-over-quarter from $358.6 million in Q4 2025.
Walker & Dunlop (WD) Operating Expenses (2010 - 2026) Analysis & Trends
Walker & Dunlop's Operating Expenses history runs 17 years deep, the most recent figure standing at $275.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 18.64% year-over-year to $275.4 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 17.65% YoY), while the FY2025 annual figure was $1.2 billion, up 15.42% from the prior year.
- Operating Expenses for Q1 2026 stood at $275.4 million, down from $358.6 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.
- The 5-year median for Operating Expenses is $242.5 million (2024), against an average of $255.4 million.
- Peak annual rise in Operating Expenses reached 51.84% in 2022, while the deepest fall reached 20.74% in 2022.
- Walker & Dunlop's Operating Expenses stood at $235.7 million in 2022, then decreased by 0.3% to $235.0 million in 2023, then grew by 23.14% to $289.3 million in 2024, then climbed by 23.93% to $358.6 million in 2025, then decreased by 23.2% to $275.4 million in 2026.
- Business Quant data shows WD's Operating Expenses at $275.4 million in Q1 2026, $358.6 million in Q4 2025, and $291.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | 2.50 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 2.07 Bn |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 2.10 Bn |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 465.44 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 304.62 Mn |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 59.75 Mn |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | 635.05 Mn |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 139.00 Mn |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | 343.94 Mn |
Historic Data
Download 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 |