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Jun 30, 2022

Walker & Dunlop Q2 2022 Earnings Report

Transaction volume grew by 67% and revenue increased by 21%.

Key Takeaways

Walker & Dunlop reported a 21% increase in total revenues, reaching $340.8 million for the second quarter of 2022. Transaction volume increased by 67% year over year, totaling $22.5 billion. Net income was $54.3 million, with diluted earnings per share of $1.61.

Total transaction volume of $22.5 billion, up 67% from Q2’21

Total revenues of $340.8 million, up 21% from Q2’21

Net income of $54.3 million and diluted earnings per share of $1.61, down 3% and 7%, respectively, from Q2’21

Servicing portfolio of $119.0 billion at June 30, 2022 up 6% from June 30, 2021

Total Revenue
$341M
Previous year: $281M
+21.1%
EPS
$1.61
Previous year: $1.73
-6.9%
Total Transaction Volume
$22.5B
Previous year: $13.5B
+66.3%
Servicing Portfolio
$119B
Previous year: $112B
+6.0%
Debt Financing Volume
$14.7B
Previous year: $10.2B
+43.8%
Gross Profit
$166M
Previous year: $138M
+20.1%
Cash and Equivalents
$151M
Previous year: $327M
-53.7%
Total Assets
$4.53B
Previous year: $3.94B
+15.0%

Walker & Dunlop

Walker & Dunlop

Forward Guidance

Walker & Dunlop enters the second half of 2022 with very strong pipelines across our business, particularly with the GSEs and HUD which supply counter-cyclical liquidity as other capital providers struggle to digest rising rates and recessionary fears.