Walker & Dunlop (NYSE: WD) financial statements
The consolidated income statement, balance sheet and cash flow statement of Walker & Dunlop for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $5,059m in total assets and $1,735m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1,234m | $1,132m | $1,054m | $1,259m | $1,259m | $1,084m | $817.2m | $725.2m | $711.9m | $575.3m |
| Operating profit | $143.7m | $201.2m | $206.7m | $299.2m | $360.0m | $338.8m | $244.7m | $223.0m | $243.4m | $195.6m |
| Finance costs | $64.7m | $69.7m | $68.5m | $34.2m | $8.0m | $8.6m | $14.4m | $10.1m | $9.7m | $9.9m |
| Profit before tax | $79.0m | $131.5m | $138.2m | $265.0m | $352.1m | $330.3m | $230.4m | $212.9m | $233.7m | $185.8m |
| Income tax | $22.0m | $30.5m | $35.0m | $56.0m | $86.4m | $84.3m | $57.1m | $51.9m | $21.8m | $71.5m |
| Net profit | $56.2m | $108.2m | $107.4m | $213.8m | $265.8m | $246.2m | $173.4m | $161.4m | $211.1m | $113.9m |
| Earnings per share | $1.65 | $3.19 | $3.20 | $6.43 | $8.27 | $7.85 | $5.61 | $5.15 | $7.03 | $3.87 |
| Diluted earnings per share | $1.64 | $3.19 | $3.18 | $6.36 | $8.15 | $7.69 | $5.45 | $4.96 | $6.56 | $3.65 |
| Depreciation and amortisation | $238.7m | $237.5m | $226.8m | $235.0m | $210.3m | $169.0m | $152.5m | $142.1m | $131.2m | $111.4m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $5,059m | $4,382m | $4,052m | $4,045m | $5,206m | $4,651m | $2,675m | $2,782m | $2,208m | $3,052m |
| Property, plant and equipment | $54.4m | $48.5m | $42.7m | $33.9m | $72.7m | — | — | — | — | — |
| Goodwill | $868.7m | $868.7m | $901.7m | $959.7m | $698.6m | $249.0m | $180.4m | $173.9m | $123.8m | $96.4m |
| Cash | $299.3m | $279.3m | $328.7m | $225.9m | $305.6m | $321.1m | $120.7m | $90.1m | $191.2m | $118.8m |
| Total liabilities | $3,314m | $2,622m | $2,306m | $2,329m | $3,628m | $3,455m | $1,633m | $1,875m | $1,393m | $2,437m |
| Equity | $1,735m | $1,748m | $1,724m | $1,689m | $1,550m | $1,196m | $1,036m | $902.1m | $809.4m | $610.2m |
| Equity including minorities | $1,747m | $1,760m | $1,746m | $1,717m | $1,578m | $1,196m | $1,042m | $907.2m | $815.0m | $615.1m |
| Minority interests | $11.9m | $12.0m | $22.4m | $27.4m | $28.1m | $0.0m | $6.6m | $5.1m | $5.6m | $4.9m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$664.3m | $129.4m | −$0.5m | $1,583m | $870.5m | −$1,411m | $427.6m | $64.1m | $1,068m | $759.5m |
| Investing cash flow | −$77.3m | −$38.1m | $126.9m | −$133.8m | −$377.6m | $115.2m | −$79.7m | −$552.2m | $97.2m | −$66.8m |
| Financing cash flow | $758.1m | −$154.7m | $6.8m | −$1,584m | −$457.7m | $1,518m | −$331.6m | $321.8m | −$1,089m | −$693.6m |
| Capital expenditure | −$15.8m | −$13.0m | −$16.2m | −$22.0m | −$9.2m | −$3.0m | −$4.7m | −$4.7m | −$5.2m | −$2.5m |
| Dividends paid | −$91.8m | −$88.6m | −$84.8m | −$80.1m | −$64.5m | −$45.4m | −$37.3m | −$31.4m | — | — |
Where each figure comes from
From the annual report (Form 10-K) that Walker & Dunlop files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Walker & Dunlop page.
Dividend per share of Walker & Dunlop by fiscal year, with the filing behind every figure: Walker & Dunlop dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.