WD

EX-99.1

2 wd-20260507xex99d1.htm

EX-99.1

Exhibit 99.1

Walker & Dunlop Reports First Quarter 2026 Financial Results

FIRST QUARTER 2026 HIGHLIGHTS

●Total transaction volume of $13.7 billion, up 94% from Q1’25

●Total revenues of $301.3 million, up 27% from Q1’25

●Net income of $15.9 million and diluted earnings per share of $0.46, up 476% and 475%, respectively from Q1’25

●Adjusted EBITDA(1) of $73.8 million, up 14% from Q1’25

●Adjusted core EPS(2) of $1.02, up 20% from Q1’25

●Servicing portfolio of $146.4 billion as of March 31, 2026, up 8% from March 31, 2025

●Repurchased $13.3 million shares of common stock during the quarter at a weighted average price of $47.13

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BETHESDA, MD – MAY 7, 2026 – Walker & Dunlop, Inc. (NYSE: WD) (the “Company”, “Walker & Dunlop” or “W&D”) reported a strong first quarter of 2026, highlighted by a significant increase in total transaction volume to $13.7 billion, a 94% increase year over year. Total revenues grew 27% to $301.3 million, driving a 476% increase in net income to $15.9 million, or $0.46 per diluted share.

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The Capital Markets segment delivered improved operating margins and profitability as continued strength in origination activity expanded the Company’s servicing portfolio by 8% year over year. Adjusted EBITDA increased 14% in the first quarter of 2026, and adjusted core EPS was up 20% year over year to $1.02. Results this quarter also include $10 million of indemnified and repurchased loan expenses, which the Company continues to actively manage. The first quarter of 2026 demonstrates the earnings power of Walker & Dunlop’s platform as market activity improves.

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“The strength of our first-quarter transaction volumes and earnings is due to the W&D team, our brand, and our market position as one of the very best commercial real estate capital markets firms in the world,” commented Willy Walker, Walker & Dunlop’s Chairman and CEO. “Strong financing volumes generated robust quarterly transaction fees, which, coupled with recurring servicing and asset management fees, generated solid quarterly earnings as we begin the pursuit of our annual and five-year financial goals.”

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Walker continued, “We enter the second quarter with a strong pipeline across all executions, customer segments, and geographies. While the macro environment remains challenging -- marked by interest rate volatility, high oil prices, and the Iran conflict -- many clients continue to transact due to loan maturities, the need to return capital to investors, and investment opportunities across the country. We remain confident in our 2026 outlook and in our ability to grow our company in the coming quarters and years.”

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(1)Adjusted EBITDA is a non-GAAP financial measure the Company presents to help investors better understand our operating performance. For a reconciliation of adjusted EBITDA to net income, refer to the sections of this press release below titled “Non-GAAP Financial Measures,” “Adjusted Financial Measure Reconciliation to GAAP” and “Adjusted Financial Measure Reconciliation to GAAP by Segment.”

(2)Adjusted core EPS is a non-GAAP financial measure the Company presents to help investors better understand our operating performance. For a reconciliation of Adjusted core EPS to diluted EPS, refer to the sections of this press release below titled “Non-GAAP Financial Measures” and “Adjusted Core EPS Reconciliation.”

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First quarter 2026 Earnings Release

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CONSOLIDATED FIRST QUARTER 2026

OPERATING RESULTS

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TRANSACTION VOLUMES

(in thousands)

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Q1 2026

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Q1 2025

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$ Variance

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% Variance

Fannie Mae

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$

1,553,899

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$

1,511,794

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$

42,105

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3

%

Freddie Mac

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3,124,128

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808,247

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2,315,881

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287

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Ginnie Mae - HUD

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481,384

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148,158

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333,226

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225

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Brokered (1)

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6,503,051

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2,552,943

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3,950,108

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155

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Principal Lending and Investing (2)

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87,900

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175,500

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(87,600)

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(50)

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Debt financing volume

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$

11,750,362

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$

5,196,642

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$

6,553,720

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126

%

Property sales volume

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1,910,300

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1,839,290

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71,010

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Total transaction volume

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$

13,660,662

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$

7,035,932

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$

6,624,730

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94

%

(1)Brokered transactions for life insurance companies, commercial banks, and other capital sources.

(2)Includes debt financing volumes from our interim lending platform and Walker & Dunlop Investment Partners, Inc. (“WDIP”) separate accounts.

DISCUSSION OF QUARTERLY RESULTS:

●Total transaction volume grew 94% to $13.7 billion in the first quarter of 2026, reflecting Walker & Dunlop’s strong position within an increasingly active commercial real estate transactions market.

●Fannie Mae and Freddie Mac (collectively, the “GSEs”) debt financing volumes increased 102% year over year, led by a 287% increase in Freddie Mac volumes, which included a $1.7 billion portfol

Walker & Dunlop, Inc._February 26, 2026 0001497770false00014977702026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): February 26, 2026 ​ Walker & Dunlop, Inc. ​ (Exact name of registrant as specified in its charter) ​ ​

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Maryland ​ 001-35000 ​ 80-0629925

(State or other Jurisdiction of Incorporation) ​ (Commission File Number)

(IRS Employer Identification No.)

​ ​

​

​

7272 Wisconsin Avenue, Suite 1300 Bethesda, MD ​ 20814

(Address of Principal Executive Offices)

(Zip Code)

​ Registrant’s telephone number, including area code: (301) 215-5500 ​ Not applicable (Former name or former address if changed since last report.) ​

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​

Securities registered pursuant to Section 12(b) of the Act:

Title of each class ​ Trading Symbol ​ Name of each exchange on which registered

Common Stock, $0.01 Par Value Per Share ​ WD ​ New York Stock Exchange

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ ☐ Emerging growth company ​ ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

Item 2.02.  Results of Operations and Financial Condition. ​ On February 26, 2026, Walker & Dunlop, Inc. (the “Company”) issued a press release reporting its financial results for the quarter and year-to-date period ended December 31, 2025. A copy of this press release is furnished herewith as Exhibit 99.1 and is hereby incorporated by reference into this Item 2.02. ​ The information contained in this current report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended. ​ Item 9.01. Financial Statements and Exhibits. ​ (d) Exhibits.

​ The exhibit contained in this current report on Form 8-K shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended. ​ Exhibit Number ​ Description

99.1 ​ Press Release dated February 26, 2026

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL document)

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2

SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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​ ​ ​ Walker & Dunlop, Inc.

​ ​ ​ (Registrant)

​ ​ ​ ​

​ ​ ​ ​

Date: February 26, 2026 ​ By: /s/ Gregory A. Florkowski

​ ​ ​ Gregory A. Florkowski Executive Vice President and Chief Financial Officer

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Walker & Dunlop, Inc._November 6, 2025 0001497770false00014977702025-11-062025-11-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): November 6, 2025 ​ Walker & Dunlop, Inc. ​ (Exact name of registrant as specified in its charter) ​ ​

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Maryland

001-35000

80-0629925

(State or other Jurisdiction of Incorporation) ​ (Commission File Number)

(IRS Employer Identification No.)

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7272 Wisconsin Avenue, Suite 1300 Bethesda, MD

20814

(Address of Principal Executive Offices)

(Zip Code)

​ Registrant’s telephone number, including area code: (301) 215-5500 ​ Not applicable (Former name or former address if changed since last report.) ​

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Securities registered pursuant to Section 12(b) of the Act:

Title of each class ​ Trading Symbol ​ Name of each exchange on which registered

Common Stock, $0.01 Par Value Per Share ​ WD ​ New York Stock Exchange

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ ☐ Emerging growth company ​ ☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

Item 2.02.  Results of Operations and Financial Condition. ​ On November 6, 2025, Walker & Dunlop, Inc. (the “Company”) issued a press release reporting its financial results for the quarter and year-to-date period ended September 30, 2025. A copy of this press release is furnished herewith as Exhibit 99.1 and is hereby incorporated by reference into this Item 2.02. ​ The information contained in this current report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended. ​ Item 9.01. Financial Statements and Exhibits. ​ (d) Exhibits.

​ The exhibit contained in this current report on Form 8-K shall not be deemed “filed” with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended. ​ Exhibit Number

Description

99.1 ​ Press Release dated November 6, 2025

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL document)

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2

SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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​ ​ ​ Walker & Dunlop, Inc.

​ ​ ​ (Registrant)

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Date: November 6, 2025 ​ By: /s/ Gregory A. Florkowski

​ ​ ​ Gregory A. Florkowski Executive Vice President and Chief Financial Officer

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