v3.26.1
SEGMENTS - Reportable Segments (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
$ / shares
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
$ / shares
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
$ / shares
Jun. 30, 2025
USD ($)
segment
$ / shares
Dec. 31, 2025
USD ($)
Segments              
Number of reportable segments | segment         3 3  
Revenues              
Total revenues $ 306,690   $ 319,240   $ 608,021 $ 556,607  
Expenses              
Personnel 162,909   161,888   315,738 283,278  
Amortization and depreciation 60,699   58,936   123,663 116,557  
Provision (benefit) for credit losses 20,966   1,820   25,084 5,532  
Interest expense on corporate debt 15,260   16,767   30,162 32,281  
Indemnified and repurchased loan expenses 6,884   683   16,945 1,540  
Other operating expenses 37,898   32,772   68,405 65,801  
Total expenses 304,616   272,866   579,997 504,989  
Income before taxes 2,074   46,374   28,024 51,618  
Income tax expense (benefit) (764)   12,425   7,258 14,944  
Net income before noncontrolling interests and temporary equity holders 2,838   33,949   20,766 36,674  
Less: net income (loss) from noncontrolling interests 12   (3)   986 (32)  
Less: net income (loss) attributable to temporary equity holders (180) $ 1,083     903    
Walker & Dunlop net income 3,006 $ 15,871 33,952 $ 2,754 18,877 36,706  
Total assets $ 4,893,604   $ 4,675,040   $ 4,893,604 $ 4,675,040 $ 5,059,478
Diluted EPS | $ / shares $ 0.09   $ 0.99   $ 0.55 $ 1.07  
Operating margin 1.00%   15.00%   5.00% 9.00%  
Loan origination and debt brokerage fees, net              
Revenues              
Total revenues $ 92,893   $ 94,309   $ 181,425 $ 140,690  
Fair value of expected net cash flows from servicing, net of guaranty obligation              
Revenues              
Total revenues 47,817   53,153   94,590 80,964  
Servicing fees              
Revenues              
Total revenues 86,700   83,693   172,137 165,914  
Property sales broker fees              
Revenues              
Total revenues 12,787   14,964   25,966 28,485  
Investment management fees              
Revenues              
Total revenues 6,907   7,577   17,133 17,259  
Net warehouse interest income (expense)              
Revenues              
Total revenues 369   (1,760)   394 (2,546)  
Placement fees and other interest income              
Revenues              
Total revenues 32,440   35,986   65,144 69,197  
Other revenues              
Revenues              
Total revenues 26,777   31,318   51,232 56,644  
Operating Segments | Capital Markets              
Revenues              
Total revenues 168,786   172,791   331,227 275,361  
Expenses              
Personnel 116,058   116,441   225,909 202,907  
Amortization and depreciation 1,146   1,146   2,292 2,287  
Interest expense on corporate debt 4,025   4,468   8,010 8,655  
Other operating expenses 10,530   5,309   16,000 11,544  
Total expenses 131,759   127,364   252,211 225,393  
Income before taxes 37,027   45,427   79,016 49,968  
Income tax expense (benefit) 7,486   12,285   20,466 14,466  
Net income before noncontrolling interests and temporary equity holders 29,541   33,142   58,550 35,502  
Less: net income (loss) attributable to temporary equity holders (180)       903    
Walker & Dunlop net income 29,721   33,142   57,647 35,502  
Total assets $ 2,003,230   $ 1,851,055   $ 2,003,230 $ 1,851,055  
Diluted EPS | $ / shares $ 0.89   $ 0.97   $ 1.68 $ 1.04  
Operating margin 22.00%   26.00%   24.00% 18.00%  
Operating Segments | Capital Markets | Loan origination and debt brokerage fees, net              
Revenues              
Total revenues $ 90,647   $ 93,764   $ 178,723 $ 139,061  
Operating Segments | Capital Markets | Fair value of expected net cash flows from servicing, net of guaranty obligation              
Revenues              
Total revenues 47,817   53,153   94,590 80,964  
Operating Segments | Capital Markets | Property sales broker fees              
Revenues              
Total revenues 12,787   14,964   25,966 28,485  
Operating Segments | Capital Markets | Net warehouse interest income (expense)              
Revenues              
Total revenues 140   (1,760)   (126) (2,546)  
Operating Segments | Capital Markets | Other revenues              
Revenues              
Total revenues 17,395   12,670   32,074 29,397  
Operating Segments | Servicing and Asset Management              
Revenues              
Total revenues 133,594   140,735   271,897 272,638  
Expenses              
Personnel 21,741   22,743   40,864 42,289  
Amortization and depreciation 57,181   55,882   116,575 110,380  
Provision (benefit) for credit losses 20,966   1,820   25,084 5,532  
Interest expense on corporate debt 9,893   10,810   19,482 20,741  
Indemnified and repurchased loan expenses 6,884   683   16,945 1,540  
Other operating expenses 7,640   5,831   11,199 12,442  
Total expenses 124,305   97,769   230,149 192,924  
Income before taxes 9,289   42,966   41,748 79,714  
Income tax expense (benefit) 780   5,428   10,813 23,079  
Net income before noncontrolling interests and temporary equity holders 8,509   37,538   30,935 56,635  
Less: net income (loss) from noncontrolling interests 12   (3)   986 (32)  
Walker & Dunlop net income 8,497   37,541   29,949 56,667  
Total assets $ 2,455,813   $ 2,337,205   $ 2,455,813 $ 2,337,205  
Diluted EPS | $ / shares $ 0.25   $ 1.1   $ 0.87 $ 1.65  
Operating margin 7.00%   31.00%   15.00% 29.00%  
Operating Segments | Servicing and Asset Management | Loan origination and debt brokerage fees, net              
Revenues              
Total revenues $ 2,246   $ 545   $ 2,702 $ 1,629  
Operating Segments | Servicing and Asset Management | Servicing fees              
Revenues              
Total revenues 86,700   83,693   172,137 165,914  
Operating Segments | Servicing and Asset Management | Investment management fees              
Revenues              
Total revenues 6,907   7,577   17,133 17,259  
Operating Segments | Servicing and Asset Management | Net warehouse interest income (expense)              
Revenues              
Total revenues 229       520    
Operating Segments | Servicing and Asset Management | Placement fees and other interest income              
Revenues              
Total revenues 30,065   32,651   59,559 62,273  
Operating Segments | Servicing and Asset Management | Other revenues              
Revenues              
Total revenues 7,447   16,269   19,846 25,563  
Operating Segments | Corporate              
Revenues              
Total revenues 4,310   5,714   4,897 8,608  
Expenses              
Personnel 25,110   22,704   48,965 38,082  
Amortization and depreciation 2,372   1,908   4,796 3,890  
Interest expense on corporate debt 1,342   1,489   2,670 2,885  
Other operating expenses 19,728   21,632   41,206 41,815  
Total expenses 48,552   47,733   97,637 86,672  
Income before taxes (44,242)   (42,019)   (92,740) (78,064)  
Income tax expense (benefit) (9,030)   (5,288)   (24,021) (22,601)  
Net income before noncontrolling interests and temporary equity holders (35,212)   (36,731)   (68,719) (55,463)  
Walker & Dunlop net income (35,212)   (36,731)   (68,719) (55,463)  
Total assets $ 434,561   $ 486,780   $ 434,561 $ 486,780  
Diluted EPS | $ / shares $ (1.05)   $ (1.08)   $ (2) $ (1.62)  
Operating margin (1026.00%)   (735.00%)   (1894.00%) (907.00%)  
Operating Segments | Corporate | Placement fees and other interest income              
Revenues              
Total revenues $ 2,375   $ 3,335   $ 5,585 $ 6,924  
Operating Segments | Corporate | Other revenues              
Revenues              
Total revenues $ 1,935   $ 2,379   $ (688) $ 1,684