Walker & Dunlop (WD) Operating Expenses (2010 - 2026)

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 was $275.4 million for Q1 2026 at Walker & Dunlop, down from $358.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $358.6 million in Q4 2025 to a low of $204.1 million in Q1 2023.
• Historically, Operating Expenses has averaged $255.4 million across 5 years, with a median of $242.5 million in 2024.
• Biggest YoY gain for Operating Expenses was 51.84% in 2022; the steepest drop was 20.74% in 2022.
• A 5-year view of Operating Expenses shows it stood at $235.7 million in 2022, then slipped by 0.3% to $235.0 million in 2023, then increased by 23.14% to $289.3 million in 2024, then grew by 23.93% to $358.6 million in 2025, then slipped by 23.2% to $275.4 million in 2026.
• The last three Operating Expenses figures came in at $275.4 million (Q1 2026), $358.6 million (Q4 2025), and $291.7 million (Q3 2025), per Business Quant data.