The earnings call highlighted strong transaction volume growth, robust performance in the multifamily sector, and significant advancements in technology and affordable housing initiatives. However, there were challenges with declines in adjusted metrics and servicing revenues, as well as a provision for loan losses.

Company Guidance -

Q3 2025

During the second quarter of 2025, Walker & Dunlop, Incorporated reported a significant increase in total transaction volume, reaching $14 billion, which marks a 65% increase from the same period in 2024 and more than double the volume of the first quarter of 2025. This surge in activity contributed to an 18% growth in revenue and a 48% year-over-year increase in diluted earnings per share, reaching $0.99. Despite a 5% decline in adjusted EBITDA and a 7% decrease in adjusted core EPS, attributed to a 100 basis point decrease in short-term interest rates affecting escrow earnings, the company saw substantial growth across various transaction channels, including $4.9 billion in GSE lending, $2.3 billion in property sales, and $6.3 billion in brokered debt volume. The quarter also witnessed a 55% increase in HUD lending volumes and significant growth in technology-enabled businesses, with appraisal revenues up 61% and small balance lending revenue nearly doubling. The company raised $240 million in a multi-investor fund syndication, the largest in its history, and noted a rise in its GSE market share to 11.4%. With a strong pipeline and increased liquidity in the commercial real estate lending markets, Walker & Dunlop is well-positioned for continued growth in the next market cycle.

Significant Increase in Transaction Volume

Q2 2025 total transaction volume reached $14 billion, up 65% from Q2 2024 and over twice the volume in Q1 2025.

Revenue and Earnings Growth

18% revenue growth and diluted earnings per share of $0.99, a 48% increase year-over-year.

Strong Multifamily Sector Performance

Record absorption of 227,000 units in Q2 2025, with 96% occupancy and substantial growth in renter households.

Expansion in GSE and Brokered Debt Volume

GSE lending volume reached $4.9 billion, the highest in 11 quarters. Brokered debt volume grew to $6.3 billion, up 64% year-over-year.

Growth in Affordable Housing Initiatives

HUD lending volumes grew 55% to $288 million, and the largest ever $240 million multi-investor fund syndication was completed.

Technological Advancements

Galaxy loan database contributed to 17% of transaction volume from new clients, with 5,600 active users on the Client Navigator platform.

Walker & Dunlop (WD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	1.12 / -	0.85	―	―	―
Aug 07, 2025	2025 (Q2)	0.72 / 0.99	0.67	47.76% (+0.32)
May 01, 2025	2025 (Q1)	0.61 / 0.08	0.35	-77.14% (-0.27)
Feb 13, 2025	2024 (Q4)	1.23 / 1.32	0.93	41.94% (+0.39)
Nov 07, 2024	2024 (Q3)	0.98 / 0.85	1.11	-23.42% (-0.26)
Aug 08, 2024	2024 (Q2)	0.77 / 0.67	0.98	-31.63% (-0.31)
May 02, 2024	2024 (Q1)	0.54 / 0.35	1.17	-70.09% (-0.82)
Feb 15, 2024	2023 (Q4)	0.90 / 0.93	1.24	-25.00% (-0.31)
Nov 09, 2023	2023 (Q3)	1.23 / 1.11	1.4	-20.71% (-0.29)
Aug 03, 2023	2023 (Q2)	0.92 / 0.98	1.61	-39.13% (-0.63)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$75.48	$79.91	+5.87%
May 01, 2025	$75.85	$73.38	-3.26%
Feb 13, 2025	$89.44	$84.71	-5.29%
Nov 07, 2024	$110.32	$108.45	-1.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Walker & Dunlop (WD) report earnings?

Walker & Dunlop (WD) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Walker & Dunlop (WD) earnings time?

Walker & Dunlop (WD) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WD EPS forecast?

WD EPS forecast for the fiscal quarter 2025 (Q3) is 1.12.

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