Western Union Financials

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Key Financial Metrics

Revenue

$4.2B

YoY-3.4%

5Y CAGR-4.5%

10Y CAGR-2.8%

Western Union generated $4.2B in revenue in fiscal year 2024. This represents a decrease of 3.4% from the prior year.

EBITDA

$904.9M

YoY-9.6%

5Y CAGR-5.4%

10Y CAGR-4.4%

Western Union's EBITDA was $904.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.6% from the prior year.

Free Cash Flow

$368.9M

YoY-51.5%

5Y CAGR-15.7%

10Y CAGR-9.3%

Western Union generated $368.9M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents a decrease of 51.5% from the prior year.

Net Income

$934.2M

YoY+49.2%

5Y CAGR-2.5%

10Y CAGR+0.9%

Western Union reported $934.2M in net income in fiscal year 2024. This represents an increase of 49.2% from the prior year.

EPS (Diluted)

$2.74

YoY+63.1%

5Y CAGR+2.2%

10Y CAGR+5.6%

Western Union earned $2.74 per diluted share in fiscal year 2024. This represents an increase of 63.1% from the prior year.

Cash & Debt

$1.5B

YoY+16.2%

5Y CAGR+0.3%

10Y CAGR-1.9%

Western Union held $1.5B in cash against $3.0B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.94

YoY+0.0%

5Y CAGR+3.3%

10Y CAGR+6.5%

Western Union paid $0.94 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

338M

YoY-3.6%

5Y CAGR-4.2%

10Y CAGR-4.2%

Western Union had 338M shares outstanding in fiscal year 2024. This represents a decrease of 3.6% from the prior year.

Gross Margin

37.8%

YoY-0.9pp

5Y CAGR-3.9pp

Western Union's gross margin was 37.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.

Operating Margin

17.2%

YoY-1.5pp

5Y CAGR-0.4pp

10Y CAGR-3.1pp

Western Union's operating margin was 17.2% in fiscal year 2024, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

22.2%

YoY+7.8pp

5Y CAGR+2.2pp

10Y CAGR+7.0pp

Western Union's net profit margin was 22.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7.8 percentage points from the prior year.

Return on Equity

96.4%

YoY-34.3pp

10Y CAGR+30.9pp

Western Union's return on equity was 96.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 34.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$186.2M

YoY-39.6%

5Y CAGR-19.6%

10Y CAGR-9.3%

Western Union spent $186.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 39.6% from the prior year.

Capital Expenditures

$37.4M

YoY+63.3%

5Y CAGR-4.9%

10Y CAGR-5.8%

Western Union invested $37.4M in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 63.3% from the prior year.

WU Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$4.2B-3.4%	$4.4B-2.6%	$4.5B-11.7%	$5.1B+4.9%	$4.8B-8.6%	$5.3B
Cost of Revenue	$2.6B-1.9%	$2.7B+1.7%	$2.6B-9.3%	$2.9B+2.5%	$2.8B-8.4%	$3.1B
Gross Profit	$1.6B-5.7%	$1.7B-8.9%	$1.8B-15.0%	$2.2B+8.3%	$2.0B-8.9%	$2.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$863.4M-0.5%	$867.8M-10.0%	$964.2M-8.3%	$1.1B+1.0%	$1.0B-18.1%	$1.3B
Operating Income	$725.8M-11.2%	$817.5M-7.6%	$884.9M-21.2%	$1.1B+16.1%	$967.3M+3.6%	$934.0M
Interest Expense	$119.8M+13.8%	$105.3M+4.3%	$101.0M-4.3%	$105.5M-11.0%	$118.5M-22.0%	$152.0M
Income Tax	-$315.6M-363.4%	$119.8M+22.2%	$98.0M-24.4%	$129.6M+17.0%	$110.8M-57.9%	$263.1M
Net Income	$934.2M+49.2%	$626.0M-31.3%	$910.6M+13.0%	$805.8M+8.3%	$744.3M-29.7%	$1.1B
EPS (Diluted)	$2.74+63.1%	$1.68-28.2%	$2.34+18.8%	$1.97+10.1%	$1.79-27.2%	$2.46

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$1.0B+0.6%	$1.0B+4.3%	$983.6M	N/A	$1.0B-2.9%	$1.1B+1.6%	$1.0B	N/A
Cost of Revenue	$643.2M+0.1%	$642.8M+3.8%	$619.2M	N/A	$653.6M-1.6%	$663.9M+3.5%	$641.3M	N/A
Gross Profit	$389.4M+1.6%	$383.3M+5.2%	$364.4M	N/A	$382.4M-5.0%	$402.5M-1.3%	$407.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$187.5M-1.6%	$190.6M+1.9%	$187.0M	N/A	$217.5M+2.7%	$211.8M-1.8%	$215.7M	N/A
Operating Income	$201.9M+4.8%	$192.7M+8.6%	$177.4M	N/A	$164.9M-13.5%	$190.7M-0.7%	$192.1M	N/A
Interest Expense	$37.0M+0.8%	$36.7M+12.6%	$32.6M	N/A	$32.2M+3.5%	$31.1M+19.2%	$26.1M	N/A
Income Tax	$28.0M-25.5%	$37.6M+58.0%	$23.8M	N/A	-$129.1M-633.5%	$24.2M-11.4%	$27.3M	N/A
Net Income	$139.6M+14.3%	$122.1M-1.1%	$123.5M	N/A	$264.8M+87.8%	$141.0M-1.2%	$142.7M	N/A
EPS (Diluted)	$0.43+16.2%	$0.37+2.8%	$0.36	N/A	$0.78+90.2%	$0.410.0%	$0.41	N/A

WU Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$8.4B+2.1%	$8.2B-3.5%	$8.5B-3.7%	$8.8B-7.1%	$9.5B+8.4%	$8.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B+16.2%	$1.3B-1.3%	$1.3B+6.4%	$1.2B-15.4%	$1.4B-1.5%	$1.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.4B-19.4%	$1.7B+14.0%	$1.5B+29.4%	$1.2B	N/A	$1.2B
Goodwill	$2.1B+1.2%	$2.0B0.0%	$2.0B0.0%	$2.0B-20.7%	$2.6B0.0%	$2.6B
Total Liabilities	$7.4B-4.1%	$7.7B-3.7%	$8.0B-5.3%	$8.5B-9.0%	$9.3B+5.8%	$8.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.0B+37.2%	$2.1B-12.2%	$2.5B-10.9%	$2.8B	N/A	N/A
Total Equity	$968.9M+102.3%	$479.0M+0.3%	$477.8M+34.4%	$355.6M+90.6%	$186.6M+572.4%	-$39.5M
Retained Earnings	$35.2M+109.0%	-$389.1M-9.9%	-$353.9M+34.1%	-$537.2M+1.1%	-$543.1M+19.6%	-$675.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$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-1.8%	$8.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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-12.8%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$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+5.0%	$1.7B
Goodwill	$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+0.7%	$2.0B
Total Liabilities	$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-0.8%	$7.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.5B-0.1%	$2.5B+2.1%	$2.5B-16.9%	$3.0B+37.2%	$2.1B0.0%	$2.1B0.0%	$2.1B0.0%	$2.1B
Total Equity	$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-16.9%	$479.0M
Retained Earnings	-$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-24.6%	-$389.1M

WU Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$406.3M-48.1%	$783.1M+34.6%	$581.6M-44.4%	$1.0B+19.1%	$877.5M-4.1%	$914.6M
Capital Expenditures	$37.4M+63.3%	$22.9M-28.2%	$31.9M-15.4%	$37.7M+3.3%	$36.5M-24.1%	$48.1M
Free Cash Flow	$368.9M-51.5%	$760.2M+38.3%	$549.7M-45.4%	$1.0B+19.8%	$841.0M-2.9%	$866.5M
Investing Cash Flow	-$16.3M+88.4%	-$140.8M-126.8%	$525.5M+173.7%	$192.0M+151.4%	-$373.5M-323.7%	$167.0M
Financing Cash Flow	-$69.3M+92.3%	-$896.8M+23.8%	-$1.2B+7.3%	-$1.3B-582.9%	-$185.9M+87.5%	-$1.5B
Dividends Paid	$321.5M-7.9%	$349.0M-4.2%	$364.2M-4.6%	$381.6M+3.1%	$370.3M+8.7%	$340.8M
Share Buybacks	$186.2M-39.6%	$308.4M-16.6%	$369.9M-9.8%	$409.9M+71.0%	$239.7M-56.6%	$552.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$148.2M	N/A	N/A	N/A	$94.0M	N/A
Capital Expenditures	N/A	N/A	$3.4M	N/A	N/A	N/A	$11.0M	N/A
Free Cash Flow	N/A	N/A	$144.8M	N/A	N/A	N/A	$83.0M	N/A
Investing Cash Flow	N/A	N/A	-$111.1M	N/A	N/A	N/A	-$6.3M	N/A
Financing Cash Flow	N/A	N/A	-$696.6M	N/A	N/A	N/A	-$333.1M	N/A
Dividends Paid	N/A	N/A	$82.3M	N/A	N/A	N/A	$80.5M	N/A
Share Buybacks	N/A	N/A	$76.7M	N/A	N/A	N/A	$150.6M	N/A

WU Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	37.8%-0.9pp	38.7%-2.6pp	41.3%-1.6pp	42.9%+1.3pp	41.5%-0.1pp	41.7%
Operating Margin	17.2%-1.5pp	18.8%-1.0pp	19.8%-2.4pp	22.1%+2.1pp	20.0%+2.4pp	17.6%
Net Margin	22.2%+7.8pp	14.4%-6.0pp	20.3%+4.5pp	15.9%+0.5pp	15.4%-4.6pp	20.0%
Return on Equity	96.4%-34.3pp	130.7%-59.9pp	190.6%-36.0pp	226.6%-172.3pp	398.9%	N/A
Return on Assets	11.2%+3.5pp	7.6%-3.1pp	10.7%+1.6pp	9.1%+1.3pp	7.8%-4.2pp	12.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.04-1.4	4.49-0.6	5.13-2.6	7.73-42.2	49.89+272.6	-222.73
FCF Margin	8.8%-8.7pp	17.4%+5.2pp	12.3%-7.6pp	19.9%+2.5pp	17.4%+1.0pp	16.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	37.7%+0.4pp	37.4%+0.3pp	37.0%	N/A	36.9%-0.8pp	37.7%-1.1pp	38.9%	N/A
Operating Margin	19.6%+0.8pp	18.8%+0.7pp	18.0%	N/A	15.9%-2.0pp	17.9%-0.4pp	18.3%	N/A
Net Margin	13.5%+1.6pp	11.9%-0.7pp	12.6%	N/A	25.6%+12.3pp	13.2%-0.4pp	13.6%	N/A
Return on Equity	15.1%+1.3pp	13.8%+0.7pp	13.2%	N/A	40.6%+8.6pp	32.0%-3.9pp	35.9%	N/A
Return on Assets	1.8%+0.3pp	1.5%+0.0pp	1.5%	N/A	3.5%+1.7pp	1.8%0.0pp	1.8%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	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+0.9	4.49
FCF Margin	N/A	N/A	14.7%	N/A	N/A	N/A	7.9%	N/A

Frequently Asked Questions

What is Western Union's annual revenue?

Western Union (WU) reported $4.2B in revenue for fiscal year 2024.

How fast is Western Union's revenue growing?

Western Union (WU) revenue declined by 3.4% year-over-year, from $4.4B to $4.2B in fiscal year 2024.

Is Western Union profitable?

Yes, Western Union (WU) reported a net income of $934.2M in fiscal year 2024, with a net profit margin of 22.2%.

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

Western Union (WU) reported diluted earnings per share of $2.74 for fiscal year 2024.

What is Western Union's EBITDA?

Western Union (WU) had EBITDA of $904.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Western Union have?

As of fiscal year 2024, Western Union (WU) had $1.5B in cash and equivalents against $3.0B in long-term debt.

What is Western Union's gross margin?

Western Union (WU) had a gross margin of 37.8% in fiscal year 2024, 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 17.2% in fiscal year 2024, 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 22.2% in fiscal year 2024, 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 2024.

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

Western Union (WU) has a return on equity of 96.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Western Union's free cash flow?

Western Union (WU) generated $368.9M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is Western Union's operating cash flow?

Western Union (WU) generated $406.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Western Union's total assets?

Western Union (WU) had $8.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Western Union's capital expenditures?

Western Union (WU) invested $37.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Western Union buy back shares?

Yes, Western Union (WU) spent $186.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Western Union have outstanding?

Western Union (WU) had 338M shares outstanding as of fiscal year 2024.

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

Western Union (WU) had a debt-to-equity ratio of 3.04 as of fiscal year 2024, 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 11.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.