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.

• On a quarterly basis, Operating Expenses rose 18.64% year-over-year to $275.4 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 17.65% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 15.42% from the prior year.
• Operating Expenses fell to $275.4 million in Q1 2026 per WD's latest filing, from $358.6 million in the prior quarter.
• Across five years, Operating Expenses topped out at $358.6 million in Q4 2025 and bottomed 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.
• Biggest YoY gain for Operating Expenses was 51.84% in 2022; the steepest drop was 20.74% in 2022.
• Year by year, Operating Expenses 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.
• Per Business Quant, the three latest WD Operating Expenses figures stand at $275.4 million (Q1 2026), $358.6 million (Q4 2025), and $291.7 million (Q3 2025).