Earnings Releases·Nov 5, 2026, 6:01 AM ET

Walker & Dunlop — Third Quarter 2026 Earnings Summary

Reported a net loss of $37.3 million ($1.15 diluted EPS) for Q3 2026, a significant reversal from Q3 2025 net income of $33.5 million ($0.98 EPS), driven by $63 million in repurchase-related charges and lower revenues.
Total revenues declined 12% year-over-year to $298.4 million, with Capital Markets revenue down 18% and Servicing & Asset Management revenue down 2% due to a shift toward lower-fee brokered transactions and reduced transaction volumes.
Management expects to eliminate increased costs from the repurchased portfolio and dispose of all remaining repurchased and indemnified assets by early 2027, following the completion of GSE fraud reviews with no further buybacks expected.
The company maintains a strong balance sheet with warehouse notes payable down to $762.5 million (from $2.18 billion) and declared a Q4 2026 dividend of $0.68 per share, while capitalizing on a projected wave of $1 trillion in multifamily debt maturities over the next four years.