Walker & Dunlop (WD) revenue breakdown
By segment, Capital Markets is the largest at 52% of fiscal 2025 revenue; Servicing and Asset Management grew fastest, 13% a year over 5 years.
By product, Loan origination and debt brokerage fees, net is the largest at 28% of fiscal 2025 revenue; Placement fees and other interest income grew fastest, 53% a year over 5 years.
Revenue by segment
Fiscal years, as Walker & Dunlop reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Segments | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Capital Markets | $780M | $882M | $709M | $477M | $525M | $647M | 52% |
| Servicing and Asset Management | $303M | $378M | $507M | $564M | $592M | $567M | 46% |
| Corporate | -$138,000 | -$1M | $42M | $14M | $16M | $21M | 2% |
Revenue by product
Fiscal years, as Walker & Dunlop reports them in its 10-K filings; fiscal 2025 total $1.2B.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Loan origination and debt brokerage fees, net | $359M | $446M | $348M | $234M | $277M | $342M | 28% |
| Servicing fees | $236M | $278M | $300M | $312M | $326M | $337M | 27% |
| Fair Value Of Expected Future Cash Flows From Servicing Rights, Net | $358M | $287M | $192M | $142M | $154M | $180M | 14% |
| Placement fees and other interest income | $18M | $8M | $53M | $155M | $168M | $153M | 12% |
| Other revenues | $34M | $72M | $158M | $118M | $118M | $110M | 9% |
| Property sales broker fees | $38M | $120M | $121M | $54M | $61M | $84M | 7% |
| Investment management fees | $11M | $26M | $72M | $45M | $37M | $35M | 3% |
| Net warehouse interest income (expense) | $29M | $22M | $16M | -$6M | -$7M | -$5M | -0% |
Questions
Where does Walker & Dunlop make its money?
In fiscal 2025, by segment: Capital Markets $647M, Servicing and Asset Management $567M, Corporate $21M.
From Walker & Dunlop's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.