Western Union Financials
Western Union (WU) reported $4.0B in revenue over the twelve months to Jun 30, 2026, down 1.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A shrinking revenue base still produces cash, while margin compression and shareholder distributions shape the company’s operating model.
In FY2025, operating cash flow of$544M exceeded net income of$500M , while free cash flow remained close after modest capital spending; earnings therefore converted to cash without requiring heavy reinvestment. That is a cleaner earnings signal than FY2024, when a negative tax expense helped lift net income without a matching rise in operating cash flow.
Revenue contracted from
Liabilities declined to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Western Union's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Western Union has an operating margin of 18.7%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 17.2% the prior year.
Western Union's revenue declined 3.8% year-over-year, from $4.2B to $4.1B. This contraction results in a growth score of 21/100.
Western Union has a moderate D/E ratio of 3.01. This balance of debt and equity financing earns a leverage score of 33/100.
Not available for Western Union, and counted as zero in the overall score.
Western Union converts 12.5% of revenue into free cash flow ($505.2M). This strong cash generation earns a score of 73/100.
Not available for Western Union, and counted as zero in the overall score.
Western Union passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
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.
Western Union earns $5.30 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
Earnings & Revenue
Western Union generated $4.1B in revenue in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
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.
Western Union reported $499.6M in net income in fiscal year 2025. This represents a decrease of 46.5% from the prior year.
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
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.
Western Union held $1.2B in cash against $2.9B in long-term debt as of fiscal year 2025.
Western Union paid $0.94 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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.
Not reported for fiscal year 2025.
WU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+3.1% | $982.7M-2.5% | $1.0B-2.3% | $1.0B+0.6% | $1.0B+4.3% | $983.6M-7.0% | $1.1B+2.1% | $1.0B |
| Cost of Revenue | $676.7M+3.3% | $654.9M+1.5% | $645.4M+0.3% | $643.2M+0.1% | $642.8M+3.8% | $619.2M-6.4% | $661.7M+1.2% | $653.6M |
| Gross Profit | $336.5M+2.7% | $327.8M-9.7% | $363.0M-6.8% | $389.4M+1.6% | $383.3M+5.2% | $364.4M-8.1% | $396.5M+3.7% | $382.4M |
| SG&A Expenses | $204.4M-0.2% | $204.8M+15.3% | $177.7M-5.2% | $187.5M-1.6% | $190.6M+1.9% | $187.0M-14.4% | $218.4M+0.4% | $217.5M |
| Operating Income | $132.1M+7.4% | $123.0M-33.6% | $185.3M-8.2% | $201.9M+4.8% | $192.7M+8.6% | $177.4M-0.4% | $178.1M+8.0% | $164.9M |
| Interest Expense | $39.5M+9.1% | $36.2M-1.4% | $36.7M-0.8% | $37.0M+0.8% | $36.7M+12.6% | $32.6M+7.2% | $30.4M-5.6% | $32.2M |
| Income Tax | $18.7M-26.4% | $25.4M-30.8% | $36.7M+31.1% | $28.0M-25.5% | $37.6M+58.0% | $23.8M+110.0% | -$238.0M-84.4% | -$129.1M |
| Net Income | $76.7M+18.5% | $64.7M-43.4% | $114.4M-18.1% | $139.6M+14.3% | $122.1M-1.1% | $123.5M-68.0% | $385.7M+45.7% | $264.8M |
| EPS (Diluted) | $0.24+20.0% | $0.20-42.9% | $0.35-18.6% | $0.43+16.2% | $0.37+2.8% | $0.36-68.1% | $1.13+44.9% | $0.78 |
Not reported in any period shown, so not listed: R&D Expenses.
WU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.0B-1.6% | $8.1B-2.5% | $8.3B+6.7% | $7.8B-2.5% | $8.0B-4.2% | $8.3B-0.4% | $8.4B+9.1% | $7.7B |
| Cash & Equivalents | $919.8M+1.2% | $909.2M-26.3% | $1.2B+30.2% | $947.8M-7.0% | $1.0B-20.9% | $1.3B-12.6% | $1.5B+34.3% | $1.1B |
| Accounts Receivable | $1.5B-1.0% | $1.5B-5.1% | $1.6B+15.0% | $1.4B-10.1% | $1.6B-19.4% | $1.9B+37.7% | $1.4B-4.8% | $1.5B |
| Goodwill | $2.1B+1.6% | $2.1B+0.3% | $2.1B+0.5% | $2.1B+0.1% | $2.1B+1.2% | $2.1B0.0% | $2.1B-0.1% | $2.1B |
| Total Liabilities | $7.1B-1.9% | $7.2B-2.2% | $7.3B+7.1% | $6.9B-3.4% | $7.1B-4.0% | $7.4B0.0% | $7.4B+5.4% | $7.0B |
| Long-Term Debt | $2.5B+7.5% | $2.3B-19.1% | $2.9B+15.4% | $2.5B-0.1% | $2.5B+2.1% | $2.5B-16.9% | $3.0B+37.2% | $2.1B |
| Total Equity | $914.7M+0.5% | $910.5M-4.9% | $957.8M+3.5% | $925.4M+4.7% | $883.6M-5.9% | $939.4M-3.0% | $968.9M+48.4% | $652.7M |
| Retained Earnings | -$83.8M-9.0% | -$76.9M-568.7% | -$11.5M+52.9% | -$24.4M+30.7% | -$35.2M-935.3% | -$3.4M-109.7% | $35.2M+113.1% | -$269.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.
WU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $104.9M-3.8% | $109.0M-19.5% | $135.4M-48.0% | $260.4M+86900.0% | -$300K-100.2% | $148.2M+10.6% | $134.0M-36.8% | $212.1M |
| Capital Expenditures | $10.3M+60.9% | $6.4M-67.8% | $19.9M+158.4% | $7.7M+2.7% | $7.5M+120.6% | $3.4M-76.2% | $14.3M+104.3% | $7.0M |
| Free Cash Flow | $94.6M-7.8% | $102.6M-11.2% | $115.5M-54.3% | $252.7M+3339.7% | -$7.8M-105.4% | $144.8M+21.0% | $119.7M-41.6% | $205.1M |
| Investing Cash Flow | -$69.6M-25.4% | -$55.5M-103.3% | -$27.3M-6.6% | -$25.6M+61.4% | -$66.3M+40.3% | -$111.1M-194.3% | $117.8M+279.3% | -$65.7M |
| Financing Cash Flow | -$155.9M+25.1% | -$208.2M-235.0% | $154.2M+158.4% | -$263.9M-1213.5% | $23.7M+103.4% | -$696.6M-262.9% | $427.5M+309.4% | -$204.2M |
| Dividends Paid | $73.4M-7.6% | $79.4M+6.7% | $74.4M-1.5% | $75.5M-1.7% | $76.8M-6.7% | $82.3M+3.4% | $79.6M0.0% | $79.6M |
| Share Buybacks | $11.1M-79.0% | $52.9M+102.7% | $26.1M-50.1% | $52.3M-34.2% | $79.5M+3.7% | $76.7M+1973.0% | $3.7M+117.6% | $1.7M |
WU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.2%-0.2pp | 33.4%-2.6pp | 36.0%-1.7pp | 37.7%+0.4pp | 37.4%+0.3pp | 37.0%-0.4pp | 37.5%+0.6pp | 36.9% |
| Operating Margin | 13.0%+0.5pp | 12.5%-5.9pp | 18.4%-1.2pp | 19.6%+0.8pp | 18.8%+0.7pp | 18.0%+1.2pp | 16.8%+0.9pp | 15.9% |
| Net Margin | 7.6%+1.0pp | 6.6%-4.8pp | 11.3%-2.2pp | 13.5%+1.6pp | 11.9%-0.7pp | 12.6%-23.9pp | 36.4%+10.9pp | 25.6% |
| Return on Equity | 8.4%+1.3pp | 7.1%-4.8pp | 11.9%-3.1pp | 15.1%+1.3pp | 13.8%+0.7pp | 13.2%-26.7pp | 39.8%-0.8pp | 40.6% |
| Return on Assets | 1.0%+0.2pp | 0.8%-0.6pp | 1.4%-0.4pp | 1.8%+0.3pp | 1.5%0.0pp | 1.5%-3.1pp | 4.6%+1.2pp | 3.5% |
| Debt-to-Equity | 2.74+0.2x | 2.56-0.4x | 3.01+0.3x | 2.70-0.1x | 2.83+0.2x | 2.61-0.4x | 3.04-0.2x | 3.29 |
| FCF Margin | 9.3%-1.1pp | 10.4%-1.0pp | 11.5%-13.0pp | 24.5%+25.2pp | -0.8%-15.5pp | 14.7%+3.4pp | 11.3%-8.5pp | 19.8% |
Not reported in any period shown, so not listed: Current Ratio.
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Where Western Union Ranks
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.
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 5.30x, 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 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.