Welcome to our dedicated page for Western Union news (Ticker: WU), a resource for investors and traders seeking the latest updates and insights on Western Union stock.
Western Union (WU) is a global leader in cross-border money transfers and digital payment solutions, serving individuals and businesses through its extensive network of locations and online platforms. This dedicated news hub provides investors and financial professionals with timely updates on corporate developments shaping the remittance industry.
Track official press releases, earnings reports, and strategic announcements to stay informed about Western Union's market position. Our curated news collection covers regulatory updates, partnership agreements, technology innovations, and operational expansions – all critical for assessing the company's performance in the competitive financial services sector.
Key areas of coverage include digital transformation initiatives, compliance developments in global markets, and strategic partnerships enhancing Western Union's agent network. This resource eliminates the need to monitor multiple sources, offering a centralized repository for due diligence and investment research.
Bookmark this page for direct access to Western Union's latest financial communications and market-moving updates. Combine historical context with real-time developments to better understand this established player in international money transfers.
Western Union (NYSE: WU) reported Q1 2025 financial results with GAAP revenue of $984 million, down 6% on a reported basis. The decline was primarily attributed to lower contribution from Iraq. Branded Digital revenue grew 7% with transactions up 14%, marking the eighth consecutive quarter of double-digit transaction growth.
Key financial metrics include:
- GAAP EPS: $0.36 (down from $0.41)
- Adjusted EPS: $0.41 (down from $0.45)
- Operating margin: 18% (GAAP), 19% (adjusted)
- Consumer Money Transfer revenue decreased 9% (reported)
The company reaffirmed its 2025 outlook with projected revenue of $4,090-$4,190 million (GAAP) and EPS guidance of $1.54-$1.64 (GAAP). In April 2025, Western Union acquired Eurochange , a retail foreign exchange services provider in the UK.
Western Union (NYSE: WU) has scheduled its first quarter 2025 financial results announcement for April 23, 2025. CEO Devin McGranahan and CFO Matt Cagwin will host a webcast and conference call at 4:30 p.m. ET to discuss the quarterly performance.
The presentation and webcast will be accessible through the company's Investor Relations website. For those joining by phone, U.S. participants should dial +1 (719) 359-4580, while international participants need to dial their respective country numbers. All participants will need to use meeting ID 970 3723 0230 and passcode 759219.
Western Union has completed the acquisition of eurochange, a leading UK travel money retailer, from Corsair. The transaction, finalized on April 7, 2025, follows Corsair's October 2022 sale of NoteMachine's UK ATM and Testlink divisions to the Brink's Company.
Under Corsair's ownership, eurochange expanded from 96 to over 230 locations, developing partnerships with major UK retailers and financial institutions including Morrisons and NatWest. The acquisition aligns with Western Union's strategy to enhance its retail distribution model and expand its owned locations network in high-volume areas across key global markets.
The deal strengthens Western Union's consumer services segment, which experienced double-digit revenue growth in 2024. As eurochange was already a Western Union agent, the acquisition brings a long-term partner into the Western Union family while expanding available products and services. Canaccord Genuity served as the sole financial adviser for the transaction.
Western Union (WU) has announced zero-fee international money transfers to Myanmar in response to a recent devastating earthquake. The fee waiver is effective immediately until midnight Myanmar Standard Time on April 10, 2025.
Customers worldwide can send money through WesternUnion.com or the Western Union mobile app. Recipients in Myanmar can receive funds through multiple channels including:
- Bank account deposits
- Select mobile wallets
- Cash pickup at Agent locations
Western Union (WU) and HCLTech have announced a strategic partnership aimed at transforming WU's financial services through AI-powered solutions. The collaboration establishes HCLTech as WU's largest preferred partner, focusing on four key areas:
1. Transitioning to a platform operating model using HCLTech's FENIXAI and AI Force solutions
2. Accelerating platform and channel transformation through digital, cloud, and AI solutions
3. Leveraging digital engineering expertise for technology landscape reimagination
4. Establishing a new technology center in Hyderabad, India
The partnership aims to enhance WU's global technology capabilities, implement full stack observability and automation, and create new opportunities for innovation and talent development.
Western Union and urpay have launched international money transfer services in Saudi Arabia, enabling urpay wallet customers to send money globally through Western Union's network. urpay, Saudi Arabia's leading digital wallet with over 6.5 million users, will now allow customers to transfer money to bank accounts, mobile wallets, or for cash collection at Western Union Agent locations.
The collaboration aims to support Saudi Vision 2030 by promoting financial inclusion and digital economy initiatives. Saudi Arabia represents one of the world's largest outbound remittance markets, with consumers sending over $38 billion in 2023 according to the World Bank. The partnership enhances Western Union's presence in Saudi Arabia, where it has operated since 2000, while expanding urpay's service offerings beyond its current suite of 50+ services.
Western Union (NYSE: WU) has announced its participation in the upcoming Wolfe Fintech Forum. The company's presentation is scheduled for Tuesday, March 11th at 8:00 a.m. Eastern Time, featuring Chief Financial Officer Matt Cagwin.
Investors and interested parties can access the presentation through a webcast available on westernunion.com in the investor relations section. An archived version of the webcast will be made available shortly after the presentation concludes.
Western Union (NYSE: WU) and Penny Pinch have launched international money transfer services in the Eastern Caribbean through the Penny Pinch digital wallet app. The collaboration enables customers to send and receive money globally across Western Union's network spanning over 200 countries and territories.
The co-branded service allows Penny Pinch users to receive funds directly into their digital wallets and send money to bank accounts, mobile wallets, and cash pickup locations worldwide. This partnership expands Western Union's existing physical presence in St. Lucia and aligns with its digital transformation strategy focusing on product innovation and FinTech partnerships.
Penny Pinch, the Eastern Caribbean's leading digital wallet provider, offers additional features including cashback, retail rewards, exclusive coupons, and cashless payments. Users can access the service by downloading the app and completing identity verification.
Western Union (WU) reported Q4 2024 revenue of $1.1 billion, up 1% on both reported and adjusted basis (excluding Iraq). Full-year 2024 revenue was $4.2 billion, down 3% on reported basis but up 0.5% adjusted.
Q4 highlights include Branded Digital revenue growth of 7% (8% adjusted) and Consumer Services revenue growth of 56% (23% adjusted). Q4 GAAP EPS was $1.13, including a $0.75 tax benefit, while adjusted EPS increased to $0.40 from $0.37.
The company declared a Q1 2025 dividend of $0.235 per share. For 2025, Western Union projects revenue between $4.09-$4.19 billion, operating margin of 18-20%, and GAAP EPS of $1.54-$1.64.
Western Union (NYSE: WU) has announced it will release its fourth quarter and full year 2024 financial results on February 4, 2025. The company will host a webcast and conference call at 4:30 p.m. ET on the same day, led by CEO Devin McGranahan and CFO Matt Cagwin.
The webcast and presentation materials will be accessible through the company's investor relations website. A replay will be available after the event. Participants can join via the webcast or by telephone, with specific dial-in numbers provided for both U.S. and international participants. Attendees are advised to join fifteen minutes before the scheduled start time.
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