What is Western Union's earnings per share (EPS)?

Western Union (WU) reported diluted earnings per share of $1.52 for fiscal year 2025. This represents a -44.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Western Union Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Western Union (WU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Western Union has an operating margin of 18.7%, meaning the company retains $19 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 17.2% the prior year.

Growth

Western Union's revenue declined 3.8% year-over-year, from $4.2B to $4.1B. This contraction results in a growth score of 27/100.

Leverage

Western Union has a moderate D/E ratio of 3.01. This balance of debt and equity financing earns a leverage score of 41/100.

Cash Flow

Western Union has a free cash flow margin of 12.5%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Western Union earns a strong 52.2% return on equity (ROE), meaning it generates $52 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 96.4% the prior year.

Piotroski F-Score Neutral

5/9

Western Union passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.09x

For every $1 of reported earnings, Western Union generates $1.09 in operating cash flow ($543.7M OCF vs $499.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.3x

Western Union earns $5.3 in operating income for every $1 of interest expense ($757.3M vs $143.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$4.1B

YoY-3.8%

5Y CAGR-3.5%

10Y CAGR-3.0%

Western Union generated $4.1B in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.

EBITDA

$922.7M

YoY+2.0%

5Y CAGR-5.0%

10Y CAGR-3.9%

Western Union's EBITDA was $922.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.0% from the prior year.

Net Income

$499.6M

YoY-46.5%

5Y CAGR-7.7%

10Y CAGR-5.0%

Western Union reported $499.6M in net income in fiscal year 2025. This represents a decrease of 46.5% from the prior year.

EPS (Diluted)

$1.52

YoY-44.5%

5Y CAGR-3.2%

10Y CAGR-0.6%

Western Union earned $1.52 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 44.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$505.2M

YoY+36.9%

5Y CAGR-9.7%

10Y CAGR-6.4%

Western Union generated $505.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 36.9% from the prior year.

Cash & Debt

$1.2B

YoY-16.3%

5Y CAGR-2.9%

10Y CAGR-0.6%

Western Union held $1.2B in cash against $2.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.94

YoY+0.0%

5Y CAGR+0.9%

10Y CAGR+4.2%

Western Union paid $0.94 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

313M

YoY-7.2%

5Y CAGR-5.3%

10Y CAGR-4.6%

Western Union had 313M shares outstanding in fiscal year 2025. This represents a decrease of 7.2% from the prior year.

Margins & Returns

Gross Margin

37.0%

YoY-0.7pp

5Y CAGR-4.5pp

Western Union's gross margin was 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.

Operating Margin

18.7%

YoY+1.5pp

5Y CAGR-1.3pp

10Y CAGR-1.5pp

Western Union's operating margin was 18.7% in fiscal year 2025, reflecting core business profitability. This is up 1.5 percentage points from the prior year.

Net Margin

12.3%

YoY-9.9pp

5Y CAGR-3.1pp

10Y CAGR-2.9pp

Western Union's net profit margin was 12.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 9.9 percentage points from the prior year.

Return on Equity

52.2%

YoY-44.3pp

5Y CAGR-346.7pp

10Y CAGR-7.5pp

Western Union's ROE was 52.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 44.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$234.6M

YoY+26.0%

5Y CAGR-0.4%

10Y CAGR-7.5%

Western Union spent $234.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 26.0% from the prior year.

Capital Expenditures

$38.5M

YoY+2.9%

5Y CAGR+1.1%

10Y CAGR-8.6%

Western Union invested $38.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.9% from the prior year.

WU Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.1B-3.8%	$4.2B-3.4%	$4.4B-2.6%	$4.5B-11.7%	$5.1B+4.9%	$4.8B
Cost of Revenue	$2.6B-2.7%	$2.6B-1.9%	$2.7B+1.7%	$2.6B-9.3%	$2.9B+2.5%	$2.8B
Gross Profit	$1.5B-5.6%	$1.6B-5.7%	$1.7B-8.9%	$1.8B-15.0%	$2.2B+8.3%	$2.0B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$742.8M-14.0%	$863.4M-0.5%	$867.8M-10.0%	$964.2M-8.3%	$1.1B+1.0%	$1.0B
Operating Income	$757.3M+4.3%	$725.8M-11.2%	$817.5M-7.6%	$884.9M-21.2%	$1.1B+16.1%	$967.3M
Interest Expense	$143.0M+19.4%	$119.8M+13.8%	$105.3M+4.3%	$101.0M-4.3%	$105.5M-11.0%	$118.5M
Income Tax	$126.1M+140.0%	-$315.6M-363.4%	$119.8M+22.2%	$98.0M-24.4%	$129.6M+17.0%	$110.8M
Net Income	$499.6M-46.5%	$934.2M+49.2%	$626.0M-31.3%	$910.6M+13.0%	$805.8M+8.3%	$744.3M
EPS (Diluted)	$1.52-44.5%	$2.74+63.1%	$1.68-28.2%	$2.34+18.8%	$1.97+10.1%	$1.79

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.0B-2.3%	$1.0B+0.6%	$1.0B+4.3%	$983.6M-7.0%	$1.1B+2.1%	$1.0B-2.9%	$1.1B+1.6%	$1.0B
Cost of Revenue	$645.4M+0.3%	$643.2M+0.1%	$642.8M+3.8%	$619.2M-6.4%	$661.7M+1.2%	$653.6M-1.6%	$663.9M+3.5%	$641.3M
Gross Profit	$363.0M-6.8%	$389.4M+1.6%	$383.3M+5.2%	$364.4M-8.1%	$396.5M+3.7%	$382.4M-5.0%	$402.5M-1.3%	$407.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$177.7M-5.2%	$187.5M-1.6%	$190.6M+1.9%	$187.0M-14.4%	$218.4M+0.4%	$217.5M+2.7%	$211.8M-1.8%	$215.7M
Operating Income	$185.3M-8.2%	$201.9M+4.8%	$192.7M+8.6%	$177.4M-0.4%	$178.1M+8.0%	$164.9M-13.5%	$190.7M-0.7%	$192.1M
Interest Expense	$36.7M-0.8%	$37.0M+0.8%	$36.7M+12.6%	$32.6M+7.2%	$30.4M-5.6%	$32.2M+3.5%	$31.1M+19.2%	$26.1M
Income Tax	$36.7M+31.1%	$28.0M-25.5%	$37.6M+58.0%	$23.8M+110.0%	-$238.0M-84.4%	-$129.1M-633.5%	$24.2M-11.4%	$27.3M
Net Income	$114.4M-18.1%	$139.6M+14.3%	$122.1M-1.1%	$123.5M-68.0%	$385.7M+45.7%	$264.8M+87.8%	$141.0M-1.2%	$142.7M
EPS (Diluted)	N/A	$0.43+16.2%	$0.37+2.8%	$0.36	N/A	$0.78+90.2%	$0.410.0%	$0.41

WU Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.3B-0.8%	$8.4B+2.1%	$8.2B-3.5%	$8.5B-3.7%	$8.8B-7.1%	$9.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.2B-16.3%	$1.5B+16.2%	$1.3B-1.3%	$1.3B+6.4%	$1.2B-15.4%	$1.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6B+14.7%	$1.4B-19.4%	$1.7B+14.0%	$1.5B+29.4%	$1.2B	N/A
Goodwill	$2.1B+1.9%	$2.1B+1.2%	$2.0B0.0%	$2.0B0.0%	$2.0B-20.7%	$2.6B
Total Liabilities	$7.3B-0.7%	$7.4B-4.1%	$7.7B-3.7%	$8.0B-5.3%	$8.5B-9.0%	$9.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.9B-2.2%	$3.0B+37.2%	$2.1B-12.2%	$2.5B-10.9%	$2.8B	N/A
Total Equity	$957.8M-1.1%	$968.9M+102.3%	$479.0M+0.3%	$477.8M+34.4%	$355.6M+90.6%	$186.6M
Retained Earnings	-$11.5M-132.7%	$35.2M+109.0%	-$389.1M-9.9%	-$353.9M+34.1%	-$537.2M+1.1%	-$543.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.3B+6.7%	$7.8B-2.5%	$8.0B-4.2%	$8.3B-0.4%	$8.4B+9.1%	$7.7B-3.7%	$8.0B-1.0%	$8.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.2B+30.2%	$947.8M-7.0%	$1.0B-20.9%	$1.3B-12.6%	$1.5B+34.3%	$1.1B+6.3%	$1.0B-6.6%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6B+15.0%	$1.4B-10.1%	$1.6B-19.4%	$1.9B+37.7%	$1.4B-4.8%	$1.5B-17.4%	$1.8B-2.4%	$1.8B
Goodwill	$2.1B+0.5%	$2.1B+0.1%	$2.1B+1.2%	$2.1B0.0%	$2.1B-0.1%	$2.1B+0.2%	$2.1B+0.3%	$2.0B
Total Liabilities	$7.3B+7.1%	$6.9B-3.4%	$7.1B-4.0%	$7.4B0.0%	$7.4B+5.4%	$7.0B-6.7%	$7.5B-1.6%	$7.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.9B+15.4%	$2.5B-0.1%	$2.5B+2.1%	$2.5B-16.9%	$3.0B+37.2%	$2.1B0.0%	$2.1B0.0%	$2.1B
Total Equity	$957.8M+3.5%	$925.4M+4.7%	$883.6M-5.9%	$939.4M-3.0%	$968.9M+48.4%	$652.7M+48.1%	$440.8M+10.8%	$397.9M
Retained Earnings	-$11.5M+52.9%	-$24.4M+30.7%	-$35.2M-935.3%	-$3.4M-109.7%	$35.2M+113.1%	-$269.5M+40.3%	-$451.3M+6.9%	-$485.0M

WU Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$543.7M+33.8%	$406.3M-48.1%	$783.1M+34.6%	$581.6M-44.4%	$1.0B+19.1%	$877.5M
Capital Expenditures	$38.5M+2.9%	$37.4M+63.3%	$22.9M-28.2%	$31.9M-15.4%	$37.7M+3.3%	$36.5M
Free Cash Flow	$505.2M+36.9%	$368.9M-51.5%	$760.2M+38.3%	$549.7M-45.4%	$1.0B+19.8%	$841.0M
Investing Cash Flow	-$230.3M-1312.9%	-$16.3M+88.4%	-$140.8M-126.8%	$525.5M+173.7%	$192.0M+151.4%	-$373.5M
Financing Cash Flow	-$782.6M-1029.3%	-$69.3M+92.3%	-$896.8M+23.8%	-$1.2B+7.3%	-$1.3B-582.9%	-$185.9M
Dividends Paid	$309.0M-3.9%	$321.5M-7.9%	$349.0M-4.2%	$364.2M-4.6%	$381.6M+3.1%	$370.3M
Share Buybacks	$234.6M+26.0%	$186.2M-39.6%	$308.4M-16.6%	$369.9M-9.8%	$409.9M+71.0%	$239.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$135.4M-48.0%	$260.4M+86900.0%	-$300K-100.2%	$148.2M+10.6%	$134.0M-36.8%	$212.1M+727.5%	-$33.8M-136.0%	$94.0M
Capital Expenditures	$19.9M+158.4%	$7.7M+2.7%	$7.5M+120.6%	$3.4M-76.2%	$14.3M+104.3%	$7.0M+37.3%	$5.1M-53.6%	$11.0M
Free Cash Flow	$115.5M-54.3%	$252.7M+3339.7%	-$7.8M-105.4%	$144.8M+21.0%	$119.7M-41.6%	$205.1M+627.2%	-$38.9M-146.9%	$83.0M
Investing Cash Flow	-$27.3M-6.6%	-$25.6M+61.4%	-$66.3M+40.3%	-$111.1M-194.3%	$117.8M+279.3%	-$65.7M-5.8%	-$62.1M-885.7%	-$6.3M
Financing Cash Flow	$154.2M+158.4%	-$263.9M-1213.5%	$23.7M+103.4%	-$696.6M-262.9%	$427.5M+309.4%	-$204.2M-604.2%	$40.5M+112.2%	-$333.1M
Dividends Paid	$74.4M-1.5%	$75.5M-1.7%	$76.8M-6.7%	$82.3M+3.4%	$79.6M0.0%	$79.6M-2.7%	$81.8M+1.6%	$80.5M
Share Buybacks	$26.1M-50.1%	$52.3M-34.2%	$79.5M+3.7%	$76.7M+1973.0%	$3.7M+117.6%	$1.7M-94.4%	$30.2M-79.9%	$150.6M

WU Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	37.0%-0.7pp	37.8%-0.9pp	38.7%-2.6pp	41.3%-1.6pp	42.9%+1.3pp	41.5%
Operating Margin	18.7%+1.5pp	17.2%-1.5pp	18.8%-1.0pp	19.8%-2.4pp	22.1%+2.1pp	20.0%
Net Margin	12.3%-9.9pp	22.2%+7.8pp	14.4%-6.0pp	20.3%+4.5pp	15.9%+0.5pp	15.4%
Return on Equity	52.2%-44.3pp	96.4%-34.3pp	130.7%-59.9pp	190.6%-36.0pp	226.6%-172.3pp	398.9%
Return on Assets	6.0%-5.1pp	11.2%+3.5pp	7.6%-3.1pp	10.7%+1.6pp	9.1%+1.3pp	7.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.01-0.0	3.04-1.4	4.49-0.6	5.13-2.6	7.73-42.2	49.89
FCF Margin	12.5%+3.7pp	8.8%-8.7pp	17.4%+5.2pp	12.3%-7.6pp	19.9%+2.5pp	17.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	36.0%-1.7pp	37.7%+0.4pp	37.4%+0.3pp	37.0%-0.4pp	37.5%+0.6pp	36.9%-0.8pp	37.7%-1.1pp	38.9%
Operating Margin	18.4%-1.2pp	19.6%+0.8pp	18.8%+0.7pp	18.0%+1.2pp	16.8%+0.9pp	15.9%-2.0pp	17.9%-0.4pp	18.3%
Net Margin	11.3%-2.2pp	13.5%+1.6pp	11.9%-0.7pp	12.6%-23.9pp	36.4%+10.9pp	25.6%+12.3pp	13.2%-0.4pp	13.6%
Return on Equity	11.9%-3.1pp	15.1%+1.3pp	13.8%+0.7pp	13.2%-26.7pp	39.8%-0.8pp	40.6%+8.6pp	32.0%-3.9pp	35.9%
Return on Assets	1.4%-0.4pp	1.8%+0.3pp	1.5%+0.0pp	1.5%-3.1pp	4.6%+1.2pp	3.5%+1.7pp	1.8%0.0pp	1.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.01+0.3	2.70-0.1	2.83+0.2	2.61-0.4	3.04-0.2	3.29-1.6	4.88-0.5	5.40
FCF Margin	11.5%-13.0pp	24.5%+25.2pp	-0.8%-15.5pp	14.7%+3.4pp	11.3%-8.5pp	19.8%+23.5pp	-3.6%-11.6pp	7.9%

Similar Companies

Enova Intl Inc ENVA

$3.3B

Lufax Holding Ltd LU

$1.5B

Bread Financial Holdings, Inc. BFH

$3.1B

Sezzle Inc. SEZL

$2.1B

Qfin Holdings, Inc. QFIN

$1.5B

Frequently Asked Questions

What is Western Union's annual revenue?

Western Union (WU) reported $4.1B in total revenue for fiscal year 2025. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Western Union's revenue growing?

Western Union (WU) revenue declined by 3.8% year-over-year, from $4.2B to $4.1B in fiscal year 2025.

Is Western Union profitable?

Yes, Western Union (WU) reported a net income of $499.6M in fiscal year 2025, with a net profit margin of 12.3%.

What is Western Union's EBITDA?

Western Union (WU) had EBITDA of $922.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Western Union have?

As of fiscal year 2025, Western Union (WU) had $1.2B in cash and equivalents against $2.9B in long-term debt.

What is Western Union's gross margin?

Western Union (WU) had a gross margin of 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Western Union's operating margin?

Western Union (WU) had an operating margin of 18.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Western Union's net profit margin?

Western Union (WU) had a net profit margin of 12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Western Union pay dividends?

Yes, Western Union (WU) paid $0.94 per share in dividends during fiscal year 2025.

What is Western Union's return on equity (ROE)?

Western Union (WU) has a return on equity of 52.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Western Union's free cash flow?

Western Union (WU) generated $505.2M in free cash flow during fiscal year 2025. This represents a 36.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Western Union's operating cash flow?

Western Union (WU) generated $543.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Western Union's total assets?

Western Union (WU) had $8.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Western Union's capital expenditures?

Western Union (WU) invested $38.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Western Union buy back shares?

Yes, Western Union (WU) spent $234.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Western Union have outstanding?

Western Union (WU) had 313M shares outstanding as of fiscal year 2025.

What is Western Union's debt-to-equity ratio?

Western Union (WU) had a debt-to-equity ratio of 3.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Western Union's return on assets (ROA)?

Western Union (WU) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Western Union's Piotroski F-Score?

Western Union (WU) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Western Union's earnings high quality?

Western Union (WU) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Western Union cover its interest payments?

Western Union (WU) has an interest coverage ratio of 5.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Western Union?

Western Union (WU) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.