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.
The Western Union Company (NYSE: WU) generates frequent news across financial services, technology, and corporate strategy topics. As a global participant in cross-border and multi-currency money movement, payments, and digital financial services, Western Union’s announcements often cover developments that affect consumers, businesses, financial institutions, and governments in more than 200 countries and territories.
News related to Western Union commonly includes earnings releases and outlook updates, where the company reports segment performance in areas such as Consumer Services, Branded Digital, and Consumer Money Transfer. These updates highlight trends in revenue, transaction growth, operating margins, and the company’s financial expectations for upcoming periods.
Western Union also issues news on strategic initiatives and partnerships. Recent examples include its “Beyond” strategy, which outlines a digital-first vision and expansion into digital assets, and alliances such as the partnership with Deutsche Post to offer cross-border money transfer services in Germany and the collaboration with dLocal to integrate local and alternative payment methods on Western Union’s digital platforms in Latin America.
Technology and product-related announcements feature prominently, including plans to launch the USDPT stablecoin on Solana and the creation of a Digital Asset Network to bridge digital and fiat currencies. Regional news, such as the introduction of WhatsApp Business as a transactional channel in Peru, showcases how Western Union adapts its services to local customer preferences.
Investors and observers can also find coverage of capital allocation and corporate events, including quarterly dividend declarations, Investor Day webcasts, and updates on the planned acquisition of International Money Express, Inc. Together, these news items provide insight into Western Union’s operational performance, strategic direction, and evolving role in global payments and digital finance.
Western Union (NYSE: WU) and Regions Bank (NYSE: RF) have extended their partnership for five more years, enabling consumers to send and receive money at over 1,250 U.S. Regions Bank locations. This renewal allows both Regions' customers and non-customers to access global money transfer and expedited bill payment services. Since 2011, over $1 billion has been transferred via this collaboration. The companies emphasize their commitment to financial inclusion and accessibility to banking services, enhancing convenience for consumers across their networks.
The Western Union Company reported Q4 2022 revenue of $1.1 billion, down 15% year-over-year. GAAP EPS increased to $0.65, a 55% rise, while adjusted EPS dropped 50% to $0.32. The decline in revenue was impacted by a 3% reduction due to operations suspension in Russia and Belarus. The company returned over $700 million to shareholders in 2022 and announced a quarterly dividend of $0.235. Notably, there was a 30% growth in U.S. outbound branded digital customers. For the full year, revenue was $4.5 billion, reflecting a 12% decrease. The outlook for 2023 indicates potential revenue declines of 9% to 7%.
Western Union (NYSE: WU) has appointed Matthew Cagwin as Chief Financial Officer, effective January 20, 2023. Cagwin previously served as the interim CFO since September 2022. With extensive experience in finance and a background in payments, he joined Western Union in July 2022 as Head of Financial Planning and Analysis. Cagwin has held senior roles at Fiserv and Coca-Cola Enterprises. His leadership comes at a critical time as the company aims to execute its ‘Evolve 2025’ strategy and drive sustainable value creation.
The Western Union Company (NYSE: WU) will host a webcast and conference call on February 7, 2023, at 4:30 p.m. ET, to discuss its fourth quarter and full year 2022 results. The company's press release detailing the financial results will be issued at approximately 4:05 p.m. ET on the same day. Interested parties can access the webcast and register prior to the event. The company is a leader in cross-border, cross-currency money movement and payments, connecting consumers, businesses, and governments across more than 200 countries and territories through a vast financial network.
The Western Union Company (NYSE: WU) has declared a quarterly cash dividend of $0.235 per common share, scheduled for payment on December 30, 2022. Stockholders must be on record by the close of business on December 19, 2022. Western Union is renowned for its leadership in cross-border and cross-currency money transfers, linking over 200 countries. This dividend announcement signifies the company's commitment to returning value to shareholders during its operations in the global financial network.
The Western Union Company (NYSE: WU) announced that Devin McGranahan, CEO, and Matt Cagwin, Interim CFO, will present at the Credit Suisse Technology Conference on November 30, 2022, starting at 1:40 p.m. MST. The presentation is expected to last about 30 minutes. Investors can access the live webcast through the investor relations section of Western Union's website, with an archived version available post-presentation.
Western Union is a leader in cross-border money transfers, connecting consumers and businesses in over 200 countries with a vast financial network.
Western Union (NYSE: WU) and Walgreens (NASDAQ: WBA) announced a renewed five-year agreement, allowing customers to access Western Union's Money Transfer and bill payment services at approximately 9,000 Walgreens locations across the U.S. This partnership reflects both companies' commitment to delivering convenient financial services. Western Union's global network enables fast money transfers, enhancing customer engagement. The collaboration highlights Western Union's ongoing investment in expanding its omni-channel product offerings to meet diverse consumer financial needs.
The Western Union Company (NYSE: WU) reported a Q3 2022 GAAP earnings per share (EPS) of $0.45, down from $0.57 year-over-year. Revenue decreased 15% to $1.1 billion, influenced by operations suspension in Russia and Belarus, and inflation in Argentina. The company's operating margin fell, with GAAP at 21.3% and adjusted at 20.6%. Despite lower results, the company affirmed its 2022 financial outlook, anticipating a mid-single digit decline in adjusted revenue. Notably, U.S. outbound digital customer growth accelerated by 26% in September.
The Western Union Company (NYSE: WU) has introduced its Evolve 2025 strategy aimed at enhancing financial services for aspiring populations globally. The strategy is expected to lead to improved revenue trends from 2023 through 2025, with projected annual growth.
In 2023, revenue is anticipated to decline by 10% to 8% due to various factors, including the sale of Business Solutions and foreign exchange fluctuations. However, operating margins are projected between 19% to 21%, with mid-single digit EPS growth expected in 2024 and 2025.
The Western Union Company (NYSE: WU) anticipates third quarter 2022 GAAP earnings per share (EPS) of $0.45 and adjusted EPS of $0.42. Preliminary revenue is expected at $1.1 billion, marking a 15% decline year-over-year. The company reaffirmed its financial outlook for 2022, projecting GAAP EPS between $2.18 - $2.28. An Investor Day is scheduled for October 20, 2022, to discuss long-term strategies. Final third quarter results will be released on November 1, 2022, with a webcast call at 4:30 PM ET. The impact of geopolitical events and inflation in Argentina affected the results significantly.
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