Walker & Dunlop, Inc. (WD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WD Revenue Growth
Revenue Breakdown (FY 2025)
WD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
WD Revenue Analysis (2014–2025)
As of May 8, 2026, Walker & Dunlop, Inc. (WD) generated trailing twelve-month (TTM) revenue of $1.30 billion, reflecting exceptional growth of +26.9% year-over-year. The most recent quarter (Q1 2026) recorded $301.3 million in revenue, down 11.4% sequentially.
Looking at the longer-term picture, WD's 5-year compound annual growth rate (CAGR) stands at +2.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.26 billion in 2021.
Revenue diversification analysis shows WD's business is primarily driven by Servicing Fees (70%), Product and Service, Other (23%), and Investment Management Fees (7%). With over half of revenue concentrated in Servicing Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including NMRK (+20.3% YoY), JLL (+11.2% YoY), and CBRE (+14.8% YoY), WD has underperformed the peer group in terms of revenue growth. Compare WD vs NMRK →
WD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WDCurrent | $1.3B | +26.9% | +2.6% | 17.3% | |
 NMRK | $3.3B | +20.3% | +11.9% | 7.0% | |
 JLL | $26.1B | +11.2% | +9.5% | 4.5% | |
 CBRE | $40.5B | +14.8% | +11.2% | 3.2% | |
 MMI | $755M | +9.8% | +1.0% | -1.8% | |
 RC | $499M | +1726.0% | +5.4% | 24.2% |
WD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.23B | - | $756.9M | 61.3% | $213.1M | 17.3% |
| 2024 | $1.13B | - | $503.6M | 44.5% | $131.5M | 11.6% |
| 2023 | $1.05B | - | $471.7M | 44.7% | $138.2M | 13.1% |
| 2022 | $1.26B | - | $617.2M | 49.0% | $265.0M | 21.0% |
| 2021 | $1.26B | - | $647.7M | 51.4% | $352.1M | 28.0% |
| 2020 | $1.08B | - | $606.3M | 56.0% | $330.3M | 30.5% |
| 2019 | $817.2M | - | $456.7M | 55.9% | $230.4M | 28.2% |
| 2018 | $725.2M | - | $417.8M | 57.6% | $212.8M | 29.3% |
| 2017 | $711.9M | - | $412.8M | 58.0% | $233.7M | 32.8% |
| 2016 | $575.3M | - | $337.9M | 58.7% | $185.8M | 32.3% |
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Start ComparisonWD — Frequently Asked Questions
Quick answers to the most common questions about buying WD stock.
Is WD's revenue growth accelerating or slowing?
WD revenue is accelerating at +26.9% year-over-year, exceeding the 5-year CAGR of +2.6%. TTM revenue reached $1.3B. Growth momentum has increased versus prior periods.
What is WD's long-term revenue growth rate?
Walker & Dunlop, Inc.'s 5-year revenue CAGR of +2.6% reflects the sustained expansion pattern. Current YoY growth of +26.9% is above this long-term average.
How is WD's revenue distributed by segment?
WD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.