Walker & Dunlop, Inc.

For the period ended Nov 5, 2026. Filed Nov 5, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Nov 5, 2026 · Filed Nov 5, 2026

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WD$39.05-2.0%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · SUPPLEMENTAL OPERATING DATA

SUPPLEMENTAL OPERATING DATA


· Quarterly Trends · · Nine months ended ·
· · · · · · · · · · · · · · · · September 30, ·
(in thousands, except per share data and unless otherwise noted) · Q3 2026 · · Q2 2026 · · Q1 2026 · · Q4 2025 · · Q3 2025 · · 2026 · · 2025 ·
Transaction Volume:
Components of Debt Financing Volume · · · · · · · · · · · · · · · ·
Fannie Mae	$1,281,920	$3,087,806	$1,553,899	$2,785,231	$2,141,092	$5,923,625	$6,767,194
Freddie Mac	1,353,487	1,310,879	3,124,128	2,023,592	3,664,380	5,788,494	6,225,224
Ginnie Mae - HUD	230,965	413,839	481,384	153,748	325,169	1,126,188	761,776
Brokered (1)	7,151,472	7,402,029	6,503,051	8,675,937	4,512,729	21,056,552	13,400,743
Principal Lending and Investing (2)	266,250	319,650	87,900	167,700	199,250	673,800	522,550
Total Debt Financing Volume	$10,284,094	$12,534,203	$11,750,362	$13,806,208	$10,842,620	$34,568,659	$27,677,487
Property Sales Volume	3,493,541	1,897,246	1,910,300	4,524,142	4,672,875	7,301,087	8,825,750
Total Transaction Volume	$13,777,635	$14,431,449	$13,660,662	$18,330,350	$15,515,495	$41,869,746	$36,503,237

Key Performance Metrics:
Operating margin	(16)%	1%	9%	(5)%	14%	(2)%	11%
Return on equity	(9)	1	4	(3)	8	(1)	5
Walker & Dunlop net income (loss)	$(37,258)	$3,006	$15,871	$(13,911)	$33,452	$(18,381)	$70,158
Adjusted EBITDA (3)	61,093	62,129	73,782	38,755	82,084	197,004	223,861
Diluted earnings (loss) per share	(1.15)	0.09	0.46	(0.41)	0.98	(0.63)	2.05
Adjusted core EPS (4)	0.92	1.19	1.02	0.28	1.22	3.60	3.23

Key Expense Metrics (as a percentage of total revenues):
Personnel expense	55%	53%	51%	55%	53%	53%	52%
Other operating expenses	15	12	10	16	10	13	11
Key Revenue Metrics (as a percentage of debt financing volume):
Origination fee rate (5)	0.79%	0.74%	0.76%	0.75%	0.90%	0.76%	0.87%
Agency MSR rate (6)	1.02	0.99	0.91	1.01	0.79	0.96	0.94

Other Data:
Market capitalization at period end	$1,209,737	$1,877,955	$1,522,458	$2,048,798	$2,847,907
Closing share price at period end	$35.11	$54.70	$44.38	$60.15	$83.62
Average headcount	1,488	1,479	1,471	1,464	1,438

Components of Servicing Portfolio (end of period):
Fannie Mae	$74,324,325	$74,141,705	$73,498,820	$72,708,372	$71,006,342
Freddie Mac	45,976,529	45,515,813	44,836,263	42,595,441	40,473,401
Ginnie Mae - HUD	12,025,739	11,890,066	11,646,914	11,563,020	11,298,108
Brokered (7)	14,230,739	14,233,764	16,385,040	17,111,320	16,553,827
Principal Lending and Investing (8)	73,500	17,500	17,500	—	—
Total Servicing Portfolio	$146,630,832	$145,798,848	$146,384,537	$143,978,153	$139,331,678
Assets under management (9)	19,191,703	18,674,671	18,530,780	18,631,100	18,521,907
Total Managed Portfolio	$165,822,535	$164,473,519	$164,915,317	$162,609,253	$157,853,585

Key Servicing Portfolio Metrics (end of period):
Custodial escrow account deposits (in billions)	$2.9	$3.1	$2.5	$3.1	$2.8
Weighted-average servicing fee rate (basis points)	23.2	23.4	23.4	23.6	24.0
Weighted-average remaining servicing portfolio term (years)	6.9	7.1	7.1	7.2	7.4

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

(2)	Includes debt financing volumes from our interim lending platform and WDIP separate accounts.

(3)	This is a non-GAAP financial measure. For more information on adjusted EBITDA, refer to the section above titled “Non-GAAP Financial Measures.”

(4)	This is a non-GAAP financial measure. For more information on adjusted core EPS, refer to the section above titled “Non-GAAP Financial Measures.”

(5)	Origination fees as a percentage of debt financing volume. Excludes the income and debt financing volume from Principal Lending and Investing.

(6)	MSR income as a percentage of Agency debt financing volume.

(7)	Brokered loans serviced primarily for life insurance companies, commercial banks, and other capital sources.

(8)	Consists of interim loans not managed for our interim loan joint venture.

(9)	Walker & Dunlop Affordable Equity assets under management, commercial real estate loans and funds managed by WDIP, and interim loans serviced for our interim loan joint venture.

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