Walker & Dunlop annual operating expenses
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2025
Walker & Dunlop Operating Expenses Growth & History (WD)
Walker & Dunlop's operating expenses was $1.16B for fiscal 2025.
View full Walker & Dunlop company overviewWalker & Dunlop annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.16B | $154.3M | +15.42% |
| 2024 | 2024-12-31 | $1.00B | $84.7M | +9.25% |
| 2023 | 2023-12-31 | $916.2M | −$77.5M | −7.80% |
| 2022 | 2022-12-31 | $993.8M | $86.7M | +9.55% |
| 2021 | 2021-12-31 | $907.1M | $153.7M | +20.40% |
| 2020 | 2020-12-31 | $753.4M | $166.6M | +28.38% |
| 2019 | 2019-12-31 | $586.9M | $74.5M | +14.53% |
| 2018 | 2018-12-31 | $512.4M | $34.2M | +7.15% |
| 2017 | 2017-12-31 | $478.2M | $88.7M | +22.77% |
| 2016 | 2016-12-31 | $389.5M | $56.7M | +17.02% |
| 2015 | 2015-12-31 | $332.8M | $56.0M | +20.22% |
| 2014 | 2014-12-31 | $276.9M | $24.6M | +9.76% |
| 2013 | 2013-12-31 | $252.3M | $51.3M | +25.50% |
| 2012 | 2012-12-31 | $201.0M | $105.3M | +110.06% |
| 2011 | 2011-12-31 | $95.7M | $14.0M | +17.13% |
| 2010 | 2010-12-31 | $81.7M | $21.5M | +35.80% |
| 2009 | 2009-12-31 | $60.2M | — | — |
Walker & Dunlop quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $304.6M | $31.8M | +11.64% |
| Q1 2026 | 2026-03-31 | $275.4M | $43.3M | +18.64% |
| Q4 2025 | 2025-12-31 | $358.6M | $69.3M | +23.93% |
| Q3 2025 | 2025-09-30 | $291.7M | $36.9M | +14.50% |
| Q2 2025 | 2025-06-30 | $272.9M | $30.4M | +12.53% |
| Q1 2025 | 2025-03-31 | $232.1M | $17.7M | +8.28% |
| Q4 2024 | 2024-12-31 | $289.3M | $54.4M | +23.14% |
| Q3 2024 | 2024-09-30 | $254.8M | $14.3M | +5.93% |
| Q2 2024 | 2024-06-30 | $242.5M | $5.9M | +2.48% |
| Q1 2024 | 2024-03-31 | $214.4M | $10.2M | +5.02% |
| Q4 2023 | 2023-12-31 | $235.0M | −$707,000 | −0.30% |
| Q3 2023 | 2023-09-30 | $240.5M | −$20.9M | −7.99% |
| Q2 2023 | 2023-06-30 | $236.6M | −$30.6M | −11.46% |
| Q1 2023 | 2023-03-31 | $204.1M | −$25.3M | −11.03% |
| Q4 2022 | 2022-12-31 | $235.7M | −$61.7M | −20.74% |
| Q3 2022 | 2022-09-30 | $261.4M | $9.9M | +3.92% |
| Q2 2022 | 2022-06-30 | $267.2M | $60.1M | +29.03% |
| Q1 2022 | 2022-03-31 | $229.5M | $78.3M | +51.84% |
| Q4 2021 | 2021-12-31 | $297.3M | $65.0M | +27.96% |
| Q3 2021 | 2021-09-30 | $251.5M | $73.6M | +41.40% |
| Q2 2021 | 2021-06-30 | $207.1M | $37.8M | +22.34% |
| Q1 2021 | 2021-03-31 | $151.1M | −$22.8M | −13.09% |
| Q4 2020 | 2020-12-31 | $232.4M | $73.2M | +45.95% |
| Q3 2020 | 2020-09-30 | $177.9M | $24.9M | +16.31% |
| Q2 2020 | 2020-06-30 | $169.3M | $25.9M | +18.10% |
| Q1 2020 | 2020-03-31 | $173.9M | $42.5M | +32.38% |
| Q4 2019 | 2019-12-31 | $159.2M | $9.6M | +6.43% |
| Q3 2019 | 2019-09-30 | $153.0M | $19.0M | +14.14% |
| Q2 2019 | 2019-06-30 | $143.3M | $18.1M | +14.46% |
| Q1 2019 | 2019-03-31 | $131.4M | $27.8M | +26.84% |
| Q4 2018 | 2018-12-31 | $149.6M | $9.2M | +6.52% |
| Q3 2018 | 2018-09-30 | $134.0M | $9.0M | +7.16% |
| Q2 2018 | 2018-06-30 | $125.2M | $14.9M | +13.51% |
| Q1 2018 | 2018-03-31 | $103.6M | $1.2M | +1.14% |
| Q4 2017 | 2017-12-31 | $140.4M | $23.2M | +19.82% |
| Q3 2017 | 2017-09-30 | $125.0M | $19.0M | +17.88% |
| Q2 2017 | 2017-06-30 | $110.3M | $14.2M | +14.74% |
| Q1 2017 | 2017-03-31 | $102.4M | $32.3M | +46.15% |
| Q4 2016 | 2016-12-31 | $117.2M | $29.7M | +33.97% |
| Q3 2016 | 2016-09-30 | $106.1M | $18.7M | +21.45% |
| Q2 2016 | 2016-06-30 | $96.2M | $14.9M | +18.29% |
| Q1 2016 | 2016-03-31 | $70.1M | −$6.7M | −8.68% |
| Q4 2015 | 2015-12-31 | $87.5M | $1.5M | +1.71% |
| Q3 2015 | 2015-09-30 | $87.3M | $13.8M | +18.73% |
| Q2 2015 | 2015-06-30 | $81.3M | $16.9M | +26.31% |
| Q1 2015 | 2015-03-31 | $76.7M | $23.8M | +44.96% |
| Q4 2014 | 2014-12-31 | $86.0M | $18.5M | +27.40% |
| Q3 2014 | 2014-09-30 | $73.6M | $12.6M | +20.70% |
| Q2 2014 | 2014-06-30 | $64.4M | −$2.6M | −3.85% |
| Q1 2014 | 2014-03-31 | $52.9M | −$3.9M | −6.92% |
| Q4 2013 | 2013-12-31 | $67.5M | −$18.6M | −21.61% |
| Q3 2013 | 2013-09-30 | $60.9M | $2.6M | +4.45% |
| Q2 2013 | 2013-06-30 | $66.9M | $35.3M | +111.74% |
| Q1 2013 | 2013-03-31 | $56.9M | $31.9M | +128.26% |
| Q4 2012 | 2012-12-31 | $86.1M | $56.5M | +190.35% |
| Q3 2012 | 2012-09-30 | $58.3M | $34.6M | +146.15% |
| Q2 2012 | 2012-06-30 | $31.6M | $7.4M | +30.69% |
| Q1 2012 | 2012-03-31 | $24.9M | $6.8M | +37.37% |
| Q4 2011 | 2011-12-31 | $29.7M | — | — |
| Q3 2011 | 2011-09-30 | $23.7M | $8.6M | +56.91% |
| Q2 2011 | 2011-06-30 | $24.2M | $5.2M | +27.64% |
| Q1 2011 | 2011-03-31 | $18.1M | — | — |
| Q3 2010 | 2010-09-30 | $15.1M | — | — |
| Q2 2010 | 2010-06-30 | $18.9M | — | — |
Walker & Dunlop operating expenses trends
Over the last five fiscal years, Walker & Dunlop's operating expenses increased from $753.4M to $1.16B, a change of $401.9M. The latest reported quarter, Q2 2026, shows $304.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Walker & Dunlop source filings ↗