Western Union Q3 2026 net income falls 44% to $78M
Western Union’s 2026 revenue outlook ranges from 0% to 1% growth with an Intermex close to a 1% to 2% decline without one.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Western Union (WU) reported third-quarter 2026 revenue of $1,009.3 million, down 2% from a year earlier; net income was $78.0 million, down 44%, and diluted GAAP EPS was $0.25 versus $0.43. Adjusted EPS was $0.42 versus $0.47. Operating income declined 35% to $130.8 million; the quarter included $37.3 million in Beyond efficiency program costs.
Branded Digital revenue grew 8% and transactions grew 21%; Consumer Services adjusted revenue grew 5%. The 2026 revenue outlook is 0% to 1% assuming the Intermex transaction closes on November 10, 2026, and (2)% to (1)% if it does not close during fiscal 2026; adjusted EPS outlook is $1.28 to $1.38 in either case. The proposed acquisition remains subject to reinstatement of California DFPI approval and other customary closing conditions. Either party may terminate if it is not completed by November 10, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- None.
Negative
- Moderate pointGAAP net income fell 44% to $78.0 million in the third quarter of 2026.
- Moderate pointOperating income fell 35% to $130.8 million in the third quarter of 2026.
8-K Event Classification
Key Figures
Key Terms
adjusted effective tax rate financial
constant currency financial
Adjusted EBITDA financial
Beyond efficiency program financial
Earnings Snapshot
For full-year 2026, revenue outlook is 0% to 1% assuming the Intermex transaction closes on November 10, 2026, and (2)% to (1)% if it does not close during fiscal 2026. Adjusted EPS outlook is $1.28 to $1.38 in either case.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue and earnings did WU report in Q3 2026?
What is WU’s 2026 revenue outlook with or without Intermex?
What conditions apply to Western Union’s proposed Intermex acquisition?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
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(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On November 4, 2026, The Western Union Company (the “Company”) issued a press release relating to the Company’s earnings for the third quarter of 2026 (the “Earnings Release”). A copy of the Earnings Release is attached hereto as Exhibit 99.1. The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), except as may be expressly set forth by specific reference to such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description of Exhibit |
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99.1 |
Earnings press release issued by The Western Union Company on November 4, 2026. |
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101 |
Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated: November 4, 2026 |
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THE WESTERN UNION COMPANY |
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By: |
/s/ Lisa A. Atkins |
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Name: |
Lisa A. Atkins |
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Title: |
Corporate Secretary |
Exhibit 99.1
FOR IMMEDIATE RELEASE |
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Western Union Reports Third Quarter 2026 Results
DENVER, November 4, 2026 – The Western Union Company (the “Company” or “Western Union”) (NYSE: WU) today reported third quarter 2026 financial results.
The Company’s third-quarter revenue of $1.0 billion decreased 2% on a reported basis, while adjusted revenue declined 1% compared to the prior year period. The decline in adjusted revenue was largely driven by a slowdown in the North America retail business partially offset by growth in our Branded Digital and Consumer Services businesses.
“As we move through the second half of the year, we continue to make progress against our Beyond strategy,” said Devin McGranahan, President and Chief Executive Officer. “Importantly, the initiatives we launched in the second quarter are streamlining our cost structure and have begun to materialize in our financial results. At the same time, we continue to invest in growth, including expanding our digital capabilities, embedding AI across key operational processes, and advancing our stablecoin and next-generation money movement initiatives. We are beginning to see the impact of all of these efforts and remain confident in our ability to improve performance and create long-term shareholder value.”
Third quarter GAAP EPS was $0.25, down from $0.43 in the prior year period. The decrease in the GAAP EPS was primarily due to lower revenues and higher one-time expenses related to our Beyond efficiency program and a higher GAAP tax rate, partially offset by lower shares outstanding. Adjusted EPS was $0.42 in the third quarter, down from $0.47 in the prior year period. The Adjusted EPS in the current year period was affected by lower revenues and higher expenses from our Consumer Money Transfer (“CMT”) retail business, partially offset by a lower adjusted tax rate and lower shares outstanding in the quarter.
Q3 Business Results
Q3 Financial Results
Business Development
On August 10, 2025, the Company entered into an agreement (the “Merger Agreement”) to acquire International Money Express, Inc. (“Intermex”) (the “Merger”). Western Union and Intermex continue to engage in discussions with the California Department of Financial Protection and Innovation (the “DFPI”), regarding reinstatement of DFPI’s approval of the Merger. The Merger is subject to the reinstatement of the DFPI’s approval and the satisfaction or waiver of the other customary closing conditions set forth in the Merger Agreement. The Merger Agreement contains termination rights for the Company and Intermex, including the right of either party to terminate the Merger Agreement if the Merger is not completed by November 10, 2026.
2026 Outlook
The Company is updating the financial outlook for full year 2026. Our outlook assumes no material changes in macroeconomic conditions, including changes in immigration policies, foreign currencies, Argentina inflation, or any prolonged impact or escalations of the ongoing conflicts in the Middle East.
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2026 Outlook Including Intermex1 |
2026 Outlook Excluding Intermex2 |
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GAAP |
Adjusted |
GAAP |
Adjusted |
Revenue3 |
0% to 1% |
0% to 1% |
(2)% to (1)% |
(2)% to (1)% |
EPS4 |
NA5 |
$1.28 to $1.38 |
NA5 |
$1.28 to $1.38 |
1 “2026 Outlook Including Intermex” includes an assumption that the Intermex transaction closes on November 10th, 2026.
2 “2026 Outlook Excluding Intermex” assumes the Intermex transaction does not close during fiscal year 2026.
3 Adjusted revenue growth excludes the impact of currency and Argentina inflation in quarters when hyperinflationary (over 50% within a quarter).
4 The GAAP effective tax rate is expected to be 20% to 22% and the adjusted effective tax rate is expected to be 10% to 12%.
5 The Company has not provided a quantitative reconciliation of forecasted adjusted earnings per share to forecasted GAAP earnings per share because the Company cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted earnings per share. These items include but are not limited to: severance and other employee termination costs; acquisition, separation, and integration costs; amortization and impairment of acquisition-related intangible assets; and income taxes associated with these adjustments. The variability of these items could have a significant impact on the Company’s future GAAP financial results.
Non-GAAP Measures
Western Union presents non-GAAP financial measures because management believes that these metrics provide meaningful supplemental information in addition to the GAAP metrics and provide comparability and consistency to prior periods. Constant currency revenues translate revenues denominated in foreign currencies to the United States dollar, net of the effect of foreign currency hedges, at rates consistent with those in the prior year. Beginning in the second quarter of 2025, the Company no longer excludes the estimated impact of Argentina inflation from its non-GAAP results, reflecting the significant moderation in inflation from levels above 200% in recent years to below 50%.
Reconciliations of non-GAAP to comparable GAAP measures are available in the accompanying schedules and in the “Investor Relations” section of the Company’s website at https://ir.westernunion.com.
Additional Statistics
Additional key statistics for the quarter and historical trends can be found in the supplemental tables included with this press release. All amounts included in the supplemental tables to this press release are rounded to the nearest tenth of a million, except as otherwise noted. As a result, the percentage changes and margins disclosed herein may not recalculate precisely using the rounded amounts provided.
Investor and Analyst Conference Call and Presentation
The Company will host a conference call and webcast at 4:30 p.m. ET today.
The webcast and presentation will be available at https://ir.westernunion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available shortly after the event.
To listen to the webcast, please visit the Investor Relations section of the Company’s website or use the following link: Webcast Link. Alternatively, participants may join via telephone. In the U.S., dial +1 (719) 359-4580, followed by the meeting ID, which is 993 4375 8511, and the passcode, which is 776276. For participants outside the U.S., dial the country number from the international directory, followed by the meeting ID, which is 993 4375 8511, and the passcode, which is 776276.
Safe Harbor Compliance Statement for Forward-Looking Statements
This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025 and in our subsequent filings with the Securities and Exchange Commission. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement.
Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: changes in economic conditions, trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate; interruptions in migration patterns, slowdown in travel, or other events, such as public health emergencies, any changes arising as a result of policy changes in the United States and/or other key markets, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies, including cryptocurrencies; geopolitical tensions, political conditions, armed conflicts or wars, and related actions, including trade restrictions, tariffs, and government sanctions; deterioration in customer confidence in our business; failure to maintain our agent network and business relationships; our ability to adopt new technology; the development, deployment, and use of AI, machine learning, and automated decision-making technologies in our operations, including risks or unintended outcomes; the failure to realize anticipated financial benefits from mergers, acquisitions and divestitures; decisions to change our business mix; exposure to foreign exchange rates; changes in tax laws, or their interpretation, and unfavorable resolution of tax contingencies; cybersecurity incidents involving any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives; our ability to attract and retain qualified key employees; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations, and industry practices and standards; developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by, regulators and other government authorities; liabilities resulting from litigation; failure to comply with regulations and evolving industry standards regarding data privacy; failure to comply with consumer protection laws; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to comply with working capital requirements; changes in accounting standards, rules and interpretations; and other unanticipated events and management’s ability to identify and manage these and other risks. Important factors that could cause Western Union’s or the combined company’s actual results to differ materially from the results referred to in the forward-looking statements in this release include: the possibility that the conditions to the consummation of the proposed acquisition of Intermex (the “Proposed Acquisition”) will not be satisfied on the terms or timeline expected, or at all; failure to obtain, or delays in obtaining, or adverse conditions related to obtaining regulatory approvals sought in connection with the Proposed Acquisition; dependence on key agents and the potential effects of network disruption; the possibility that we may be unable to achieve expected benefits, synergies and operating efficiencies in connection with the Proposed Acquisition; continued availability of capital and other changes in capital markets; potential litigation or regulatory actions relating to the Proposed Acquisition, which could result in significant costs of defense, indemnification, and liability; the risk that disruptions from the Proposed Acquisition, such as diverting management’s attention from the ongoing business operations and relationships of Western Union or Intermex, may harm our business, including current plans and operations, the market price of our capital stock, or our operating results; and failure to retain key management.
# # #
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
WU-G
Contacts:
Media Relations:
Amanda Demarest
media@westernunion.com
Investor Relations:
Tom Hadley
WesternUnion.IR@westernunion.com
THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(in millions, except per share amounts)
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2026 |
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2025 |
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% Change |
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2026 |
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2025 |
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% Change |
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Revenues |
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$ |
1,009.3 |
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$ |
1,032.6 |
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(2)% |
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$ |
3,005.2 |
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$ |
3,042.3 |
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(1)% |
Expenses: |
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Cost of services |
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666.3 |
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643.2 |
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4% |
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1,997.9 |
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1,905.2 |
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5% |
Selling, general, and administrative |
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212.2 |
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187.5 |
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13% |
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621.4 |
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565.1 |
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10% |
Total expenses |
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878.5 |
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830.7 |
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6% |
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2,619.3 |
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2,470.3 |
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6% |
Operating income |
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130.8 |
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201.9 |
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(35)% |
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385.9 |
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572.0 |
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(33)% |
Other income/(expense): |
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Interest income |
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2.6 |
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2.4 |
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5% |
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6.8 |
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5.9 |
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15% |
Interest expense |
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(38.4) |
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(37.0) |
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4% |
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(114.1) |
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(106.3) |
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7% |
Other income, net |
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1.1 |
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0.3 |
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(a) |
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3.0 |
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3.0 |
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3% |
Total other expense, net |
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(34.7) |
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(34.3) |
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1% |
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(104.3) |
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(97.4) |
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7% |
Income before income taxes |
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96.1 |
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167.6 |
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(43)% |
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281.6 |
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474.6 |
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(41)% |
Provision for income taxes |
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18.1 |
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28.0 |
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(35)% |
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62.2 |
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89.4 |
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(30)% |
Net income |
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$ |
78.0 |
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$ |
139.6 |
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(44)% |
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$ |
219.4 |
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$ |
385.2 |
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(43)% |
Earnings per share: |
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Basic |
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$ |
0.25 |
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$ |
0.43 |
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(42)% |
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$ |
0.70 |
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$ |
1.17 |
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(40)% |
Diluted |
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$ |
0.25 |
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$ |
0.43 |
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(42)% |
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$ |
0.70 |
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$ |
1.17 |
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(40)% |
Weighted-average shares outstanding: |
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Basic |
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312.6 |
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322.1 |
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313.4 |
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329.5 |
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Diluted |
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313.5 |
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322.8 |
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314.6 |
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330.5 |
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THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in millions, except per share amounts)
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September 30, |
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December 31, |
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2026 |
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2025 |
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Assets |
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Cash and cash equivalents |
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$ |
1,098.0 |
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$ |
1,234.4 |
Settlement assets |
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3,283.9 |
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3,449.1 |
Property and equipment, net of accumulated depreciation of $489.8 and $473.5, respectively |
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90.1 |
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95.0 |
Goodwill |
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2,137.2 |
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2,098.5 |
Other intangible assets, net of accumulated amortization of $665.5 and $584.5, respectively |
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391.3 |
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356.3 |
Deferred tax asset, net |
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189.8 |
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226.2 |
Other assets |
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886.5 |
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846.4 |
Total assets |
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$ |
8,076.8 |
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$ |
8,305.9 |
Liabilities and stockholders' equity |
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Liabilities: |
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Accounts payable and accrued liabilities |
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$ |
444.8 |
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$ |
408.4 |
Settlement obligations |
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3,283.9 |
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3,449.1 |
Income taxes payable |
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63.3 |
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74.7 |
Deferred tax liability, net |
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137.2 |
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153.2 |
Borrowings |
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2,888.1 |
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2,877.8 |
Other liabilities |
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368.9 |
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|
384.9 |
Total liabilities |
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7,186.2 |
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7,348.1 |
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Stockholders' equity: |
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Preferred stock, $1.00 par value; 10 shares authorized; no shares issued |
|
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— |
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— |
Common stock, $0.01 par value; 2,000 shares authorized; 312.0 shares and 315.7 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively |
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3.1 |
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3.2 |
Capital surplus |
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|
1,146.5 |
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|
1,117.4 |
Accumulated deficit |
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(80.9) |
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|
(11.5) |
Accumulated other comprehensive loss |
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|
(178.1) |
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|
(151.3) |
Total stockholders' equity |
|
|
890.6 |
|
|
957.8 |
Total liabilities and stockholders' equity |
|
$ |
8,076.8 |
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$ |
8,305.9 |
THE WESTERN UNION COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions)
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Nine Months Ended |
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September 30, |
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2026 |
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2025 |
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Cash flows from operating activities |
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Net income |
|
$ |
219.4 |
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$ |
385.2 |
Adjustments to reconcile net income to net cash provided by operating activities: |
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|
|
|
|
|
Depreciation and amortization |
|
|
145.6 |
|
|
123.4 |
Other non-cash items, net |
|
|
97.2 |
|
|
123.5 |
Increase/(decrease) in cash, excluding the effects of acquisitions, resulting from changes in: |
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|
|
|
|
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Other assets |
|
|
(140.1) |
|
|
1.7 |
Accounts payable and accrued liabilities |
|
|
36.7 |
|
|
(15.5) |
Income taxes payable |
|
|
(14.5) |
|
|
(212.9) |
Other liabilities |
|
|
(23.1) |
|
|
2.9 |
Net cash provided by operating activities |
|
|
321.2 |
|
|
408.3 |
Cash flows from investing activities |
|
|
|
|
|
|
Capital expenditures |
|
|
(130.3) |
|
|
(100.7) |
Purchases of settlement investments |
|
|
(77.3) |
|
|
(230.7) |
Proceeds from the sale of settlement investments |
|
|
78.5 |
|
|
75.3 |
Maturities of settlement investments |
|
|
90.2 |
|
|
78.1 |
Other investing activities |
|
|
(43.9) |
|
|
(25.0) |
Net cash used in investing activities |
|
|
(82.8) |
|
|
(203.0) |
Cash flows from financing activities |
|
|
|
|
|
|
Cash dividends and dividend equivalents paid |
|
|
(226.5) |
|
|
(234.6) |
Common stock repurchased |
|
|
(65.7) |
|
|
(208.5) |
Net proceeds from commercial paper |
|
|
7.0 |
|
|
100.0 |
Net (repayments of)/proceeds from credit facility borrowings |
|
|
(6.7) |
|
|
35.9 |
Net proceeds from issuance of borrowings |
|
|
607.7 |
|
|
— |
Principal payments on borrowings |
|
|
(600.0) |
|
|
(500.0) |
Net change in settlement obligations |
|
|
215.6 |
|
|
(129.5) |
Other financing activities |
|
|
1.6 |
|
|
(0.1) |
Net cash used in financing activities |
|
|
(67.0) |
|
|
(936.8) |
Net change in cash and cash equivalents, including settlement, and restricted cash |
|
|
171.4 |
|
|
(731.5) |
Cash and cash equivalents, including settlement, and restricted cash at beginning of period |
|
|
1,637.7 |
|
|
2,106.9 |
Cash and cash equivalents, including settlement, and restricted cash at end of period |
|
$ |
1,809.1 |
|
$ |
1,375.4 |
|
|
|
|
|
|
|
|
|
September 30, |
||||
|
|
2026 |
|
2025 |
||
Reconciliation of balance sheet cash and cash equivalents to cash flows: |
|
|
|
|
|
|
Cash and cash equivalents on balance sheet |
|
$ |
1,098.0 |
|
$ |
947.8 |
Settlement cash and cash equivalents |
|
|
710.5 |
|
|
424.8 |
Restricted cash in Other assets |
|
|
0.6 |
|
|
2.8 |
Cash and cash equivalents, including settlement, and restricted cash at end of period |
|
$ |
1,809.1 |
|
$ |
1,375.4 |
THE WESTERN UNION COMPANY
SUMMARY SEGMENT DATA
(Unaudited)
(in millions, unless indicated otherwise)
|
|
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
||||||||
|
|
September 30, |
|
|
|
September 30, |
|
|
||||||||
|
|
2026 |
|
2025 |
|
% Change |
|
2026 |
|
2025 |
|
% Change |
||||
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Money Transfer |
|
$ |
857.2 |
|
$ |
878.0 |
|
(2)% |
|
$ |
2,568.7 |
|
$ |
2,635.9 |
|
(3)% |
Consumer Services |
|
|
152.1 |
|
|
154.6 |
|
(2)% |
|
|
436.5 |
|
|
406.4 |
|
7% |
Total consolidated revenues |
|
$ |
1,009.3 |
|
$ |
1,032.6 |
|
(2)% |
|
$ |
3,005.2 |
|
$ |
3,042.3 |
|
(1)% |
Segment operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Money Transfer |
|
$ |
146.8 |
|
$ |
172.2 |
|
(15)% |
|
$ |
383.0 |
|
$ |
499.2 |
|
(23)% |
Consumer Services |
|
|
31.6 |
|
|
34.0 |
|
(7)% |
|
|
71.1 |
|
|
92.7 |
|
(23)% |
Total segment operating income |
|
|
178.4 |
|
|
206.2 |
|
(13)% |
|
|
454.1 |
|
|
591.9 |
|
(23)% |
Severance release/(costs) (a) |
|
|
(2.6) |
|
|
0.4 |
|
(f) |
|
|
(11.0) |
|
|
(9.5) |
|
16% |
Acquisition, separation, and integration costs (b) |
|
|
(4.7) |
|
|
(3.0) |
|
55% |
|
|
(11.6) |
|
|
(6.0) |
|
92% |
Amortization of acquisition-related intangible assets (c) |
|
|
(2.4) |
|
|
(1.0) |
|
(f) |
|
|
(6.0) |
|
|
(2.1) |
|
(f) |
Russia termination costs (d) |
|
|
(0.6) |
|
|
(0.7) |
|
2% |
|
|
(2.3) |
|
|
(2.3) |
|
2% |
Beyond efficiency program (e) |
|
|
(37.3) |
|
|
— |
|
(f) |
|
|
(37.3) |
|
|
— |
|
(f) |
Total consolidated operating income |
|
$ |
130.8 |
|
$ |
201.9 |
|
(35)% |
|
$ |
385.9 |
|
$ |
572.0 |
|
(33)% |
Segment operating income margin: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Money Transfer |
|
|
17% |
|
|
20% |
|
(3)% |
|
|
15% |
|
|
19% |
|
(4)% |
Consumer Services |
|
|
21% |
|
|
22% |
|
(1)% |
|
|
16% |
|
|
23% |
|
(7)% |
_________________________________________________
THE WESTERN UNION COMPANY
KEY STATISTICS
(Unaudited)
|
|
Notes* |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
Consolidated Metrics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues (GAAP) - YoY % change |
|
|
|
0% |
|
(5)% |
|
(4)% |
|
0% |
|
(1)% |
|
(2)% |
|
(1)% |
Adjusted revenues (non-GAAP) - YoY % change |
|
(a) |
|
(2)% |
|
(5)% |
|
(5)% |
|
(1)% |
|
(1)% |
|
(1)% |
|
(1)% |
Operating margin (GAAP) |
|
|
|
20% |
|
18% |
|
19% |
|
13% |
|
13% |
|
13% |
|
13% |
Adjusted operating margin (non-GAAP) |
|
(b) |
|
20% |
|
20% |
|
20% |
|
13% |
|
15% |
|
18% |
|
15% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Money Transfer (CMT) Segment Metrics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues (GAAP) - YoY % change |
|
|
|
(6)% |
|
(7)% |
|
(8)% |
|
(3)% |
|
(2)% |
|
(2)% |
|
(3)% |
Adjusted revenues (non-GAAP) - YoY % change |
|
(g) |
|
(7)% |
|
(9)% |
|
(8)% |
|
(6)% |
|
(3)% |
|
(2)% |
|
(4)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions (in millions) |
|
|
|
70.6 |
|
73.1 |
|
285.9 |
|
71.1 |
|
73.5 |
|
72.1 |
|
216.7 |
Transactions - YoY % change |
|
|
|
(3)% |
|
(2)% |
|
(1)% |
|
0% |
|
3% |
|
2% |
|
2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cross-border principal, as reported - YoY % change |
|
|
|
5% |
|
4% |
|
4% |
|
5% |
|
2% |
|
1% |
|
2% |
Cross-border principal (constant currency) - YoY % change |
|
(h) |
|
3% |
|
2% |
|
3% |
|
1% |
|
1% |
|
1% |
|
1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating margin |
|
|
|
20% |
|
20% |
|
19% |
|
13% |
|
15% |
|
17% |
|
15% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Branded Digital revenues (GAAP) - YoY % change[2] |
|
(gg) |
|
7% |
|
7% |
|
7% |
|
9% |
|
8% |
|
8% |
|
8% |
Branded Digital foreign currency translation and Argentina hyperinflation impact[1] |
|
(j) |
|
(1)% |
|
(1)% |
|
(1)% |
|
(3)% |
|
(1)% |
|
0% |
|
0% |
Adjusted Branded Digital revenues (non-GAAP) - YoY % change |
|
(gg) |
|
6% |
|
6% |
|
6% |
|
6% |
|
7% |
|
8% |
|
8% |
Branded Digital transactions - YoY % change |
|
(gg) |
|
12% |
|
13% |
|
12% |
|
21% |
|
27% |
|
21% |
|
23% |
THE WESTERN UNION COMPANY
KEY STATISTICS
(Unaudited)
|
|
Notes* |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
CMT Segment Regional Metrics - YoY % change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NA region revenues (GAAP) |
|
(aa), (bb) |
|
(12)% |
|
(13)% |
|
(11)% |
|
(11)% |
|
(9)% |
|
(7)% |
|
(9)% |
NA region foreign currency translation impact |
|
(j) |
|
0% |
|
0% |
|
1% |
|
1% |
|
1% |
|
1% |
|
1% |
Adjusted NA region revenues (non-GAAP) |
|
(aa), (bb) |
|
(12)% |
|
(13)% |
|
(10)% |
|
(10)% |
|
(8)% |
|
(6)% |
|
(8)% |
NA region transactions |
|
(aa), (bb) |
|
(8)% |
|
(6)% |
|
(6)% |
|
(5)% |
|
(5)% |
|
(4)% |
|
(5)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EU & CIS region revenues (GAAP) |
|
(aa), (cc) |
|
8% |
|
6% |
|
6% |
|
5% |
|
0% |
|
0% |
|
1% |
EU & CIS region foreign currency translation impact |
|
(j) |
|
(5)% |
|
(6)% |
|
(3)% |
|
(7)% |
|
(2)% |
|
0% |
|
(2)% |
Adjusted EU & CIS region revenues (non-GAAP) |
|
(aa), (cc) |
|
3% |
|
0% |
|
3% |
|
(2)% |
|
(2)% |
|
0% |
|
(1)% |
EU & CIS region transactions |
|
(aa), (cc) |
|
4% |
|
1% |
|
5% |
|
(1)% |
|
(2)% |
|
1% |
|
(1)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MEASA region revenues (GAAP) |
|
(aa), (dd) |
|
(12)% |
|
(14)% |
|
(20)% |
|
1% |
|
13% |
|
6% |
|
7% |
MEASA region foreign currency translation impact |
|
(j) |
|
(1)% |
|
(1)% |
|
0% |
|
(1)% |
|
(1)% |
|
0% |
|
(1)% |
Adjusted MEASA region revenues (non-GAAP) |
|
(aa), (dd) |
|
(13)% |
|
(15)% |
|
(20)% |
|
0% |
|
12% |
|
6% |
|
6% |
MEASA region transactions |
|
(aa), (dd) |
|
3% |
|
2% |
|
1% |
|
22% |
|
44% |
|
29% |
|
31% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LACA region revenues (GAAP) |
|
(aa), (ee) |
|
(8)% |
|
(11)% |
|
(11)% |
|
(4)% |
|
(4)% |
|
(5)% |
|
(4)% |
LACA region foreign currency translation and Argentina hyperinflation impact[1] |
|
(j) |
|
0% |
|
(1)% |
|
1% |
|
(3)% |
|
(2)% |
|
(3)% |
|
(3)% |
Adjusted LACA region revenues (non-GAAP) |
|
(aa), (ee) |
|
(8)% |
|
(12)% |
|
(10)% |
|
(7)% |
|
(6)% |
|
(8)% |
|
(7)% |
LACA region transactions |
|
(aa), (ee) |
|
(7)% |
|
(8)% |
|
(7)% |
|
(8)% |
|
(10)% |
|
(12)% |
|
(10)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
APAC region revenues (GAAP) |
|
(aa), (ff) |
|
(8)% |
|
0% |
|
(4)% |
|
(3)% |
|
(7)% |
|
(4)% |
|
(5)% |
APAC region foreign currency translation impact |
|
(j) |
|
1% |
|
0% |
|
1% |
|
(2)% |
|
0% |
|
1% |
|
0% |
Adjusted APAC region revenues (non-GAAP) |
|
(aa), (ff) |
|
(7)% |
|
0% |
|
(3)% |
|
(5)% |
|
(7)% |
|
(3)% |
|
(5)% |
APAC region transactions |
|
(aa), (ff) |
|
7% |
|
8% |
|
9% |
|
(2)% |
|
1% |
|
0% |
|
0% |
THE WESTERN UNION COMPANY
KEY STATISTICS
(Unaudited)
|
|
Notes* |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
% of CMT Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NA region revenues |
|
(aa), (bb) |
|
37% |
|
37% |
|
38% |
|
35% |
|
36% |
|
35% |
|
36% |
EU & CIS region revenues |
|
(aa), (cc) |
|
30% |
|
30% |
|
29% |
|
30% |
|
30% |
|
31% |
|
30% |
MEASA region revenues |
|
(aa), (dd) |
|
16% |
|
16% |
|
16% |
|
18% |
|
18% |
|
17% |
|
18% |
LACA region revenues |
|
(aa), (ee) |
|
11% |
|
11% |
|
11% |
|
11% |
|
11% |
|
11% |
|
11% |
APAC region revenues |
|
(aa), (ff) |
|
6% |
|
6% |
|
6% |
|
6% |
|
5% |
|
6% |
|
5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Services (CS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues (GAAP) - YoY % change |
|
|
|
49% |
|
15% |
|
32% |
|
24% |
|
4% |
|
(2)% |
|
7% |
Adjusted revenues (non-GAAP) - YoY % change |
|
(i) |
|
49% |
|
26% |
|
29% |
|
33% |
|
12% |
|
5% |
|
15% |
Operating margin |
|
|
|
22% |
|
17% |
|
21% |
|
12% |
|
16% |
|
21% |
|
16% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of Total Company Revenue (GAAP) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Money Transfer segment revenues |
|
|
|
85% |
|
86% |
|
87% |
|
86% |
|
85% |
|
85% |
|
85% |
Consumer Services segment revenues |
|
|
|
15% |
|
14% |
|
13% |
|
14% |
|
15% |
|
15% |
|
15% |
* See the “Notes to Key Statistics” section of the press release for the applicable Note references and the reconciliation of non-GAAP financial measures, unless already reconciled herein.
[1] Beginning with the second quarter of 2025, the Company no longer adjusts for the estimated impact of Argentinian hyperinflation in its non-GAAP revenue results, as inflation in the country has moderated significantly - from over 200% in recent years to less than 50% since the second quarter of 2025.
[2] Beginning with the second quarter of 2026, Branded Digital revenues and transactions include digital wallet remittances. As a result, percentages for the second quarter of 2026 differ from those previously disclosed.
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
Western Union’s management believes the non-GAAP financial measures presented within this press release and related tables provide meaningful supplemental information regarding the Company’s results to assist management, investors, analysts, and others in understanding the Company’s financial results and to better analyze operating, profitability, and other financial performance trends in the Company’s underlying business because they provide consistency and comparability to prior periods or eliminate currency volatility, increasing the comparability of the Company's underlying results and trends.
A non-GAAP financial measure should not be considered in isolation or as a substitute for the most comparable GAAP financial measure. A non-GAAP financial measure reflects an additional way of viewing aspects of the Company’s operations that, when viewed with the Company’s GAAP results and the reconciliation to the corresponding GAAP financial measure, provides a more complete understanding of the Company’s business. Users of the financial statements are encouraged to review the Company’s financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included below, where not previously reconciled above.
|
|
|
Notes |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
|||||||
|
Consolidated Metrics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Revenues (GAAP) |
|
|
|
$ |
1,032.6 |
|
$ |
1,008.4 |
|
$ |
4,050.7 |
|
$ |
982.7 |
|
$ |
1,013.2 |
|
$ |
1,009.3 |
|
$ |
3,005.2 |
|
Foreign currency translation and Argentina hyperinflation impact[1] |
|
(j) |
|
|
(15.1) |
|
|
(4.1) |
|
|
(37.6) |
|
|
(12.7) |
|
|
2.5 |
|
|
10.4 |
|
|
0.2 |
|
Revenues, constant currency, net of Argentina hyperinflation[1] (non-GAAP) |
|
|
|
$ |
1,017.5 |
|
$ |
1,004.3 |
|
$ |
4,013.1 |
|
$ |
970.0 |
|
$ |
1,015.7 |
|
$ |
1,019.7 |
|
$ |
3,005.4 |
|
Less Iraq revenues (GAAP) |
|
(p) |
|
|
(2.2) |
|
|
(2.3) |
|
|
(15.8) |
|
|
(6.5) |
|
|
(10.3) |
|
|
(11.9) |
|
|
(28.7) |
|
Adjusted revenues, excluding Iraq (non-GAAP) |
|
|
|
$ |
1,015.3 |
|
$ |
1,002.0 |
|
$ |
3,997.3 |
|
$ |
963.5 |
|
$ |
1,005.4 |
|
$ |
1,007.8 |
|
$ |
2,976.7 |
|
Prior year revenues (GAAP) |
|
|
|
$ |
1,036.0 |
|
$ |
1,058.2 |
|
$ |
4,209.7 |
|
$ |
983.6 |
|
$ |
1,026.1 |
|
$ |
1,032.6 |
|
$ |
3,042.3 |
|
Less prior year revenues from Iraq (GAAP) |
|
(p) |
|
|
(9.5) |
|
|
(6.6) |
|
|
(115.3) |
|
|
(6.6) |
|
|
(4.7) |
|
|
(2.2) |
|
|
(13.5) |
|
Adjusted prior year revenues, excluding Iraq (non-GAAP) |
|
|
|
$ |
1,026.5 |
|
$ |
1,051.6 |
|
$ |
4,094.4 |
|
$ |
977.0 |
|
$ |
1,021.4 |
|
$ |
1,030.4 |
|
$ |
3,028.8 |
|
Revenues (GAAP) - YoY % change |
|
|
|
|
0% |
|
|
(5)% |
|
|
(4)% |
|
|
0% |
|
|
(1)% |
|
|
(2)% |
|
|
(1)% |
|
Adjusted revenues (non-GAAP) - YoY % change |
|
|
|
|
(2)% |
|
|
(5)% |
|
|
(5)% |
|
|
(1)% |
|
|
(1)% |
|
|
(1)% |
|
|
(1)% |
|
Adjusted revenues, excluding Iraq (non-GAAP) - YoY % change |
|
|
|
|
(1)% |
|
|
(5)% |
|
|
(2)% |
|
|
(1)% |
|
|
(2)% |
|
|
(2)% |
|
|
(2)% |
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
|
|
|
Notes |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
|||||||
|
Consolidated Metrics cont. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(b) |
Operating income (GAAP) |
|
|
|
$ |
201.9 |
|
$ |
185.3 |
|
$ |
757.3 |
|
$ |
123.0 |
|
$ |
132.1 |
|
$ |
130.8 |
|
$ |
385.9 |
|
Acquisition, separation, and integration costs |
|
(l) |
|
|
3.0 |
|
|
4.9 |
|
|
10.9 |
|
|
2.1 |
|
|
4.8 |
|
|
4.7 |
|
|
11.6 |
|
Amortization of acquisition-related intangible assets |
|
(m) |
|
|
1.0 |
|
|
1.3 |
|
|
3.4 |
|
|
1.2 |
|
|
2.4 |
|
|
2.4 |
|
|
6.0 |
|
Severance costs/(release) |
|
(q) |
|
|
(0.4) |
|
|
6.3 |
|
|
15.8 |
|
|
(0.5) |
|
|
8.9 |
|
|
2.6 |
|
|
11.0 |
|
Russia termination costs |
|
(n) |
|
|
0.7 |
|
|
0.8 |
|
|
3.1 |
|
|
0.9 |
|
|
0.8 |
|
|
0.6 |
|
|
2.3 |
|
Beyond efficiency program |
|
(s) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
37.3 |
|
|
37.3 |
|
Adjusted operating income (non-GAAP) |
|
|
|
$ |
206.2 |
|
$ |
198.6 |
|
$ |
790.5 |
|
$ |
126.7 |
|
$ |
149.0 |
|
$ |
178.4 |
|
$ |
454.1 |
|
Operating margin (GAAP) |
|
|
|
|
20% |
|
|
18% |
|
|
19% |
|
|
13% |
|
|
13% |
|
|
13% |
|
|
13% |
|
Adjusted operating margin (non-GAAP) |
|
|
|
|
20% |
|
|
20% |
|
|
20% |
|
|
13% |
|
|
15% |
|
|
18% |
|
|
15% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) |
Net income (GAAP) |
|
|
|
$ |
139.6 |
|
$ |
114.4 |
|
$ |
499.6 |
|
$ |
64.7 |
|
$ |
76.7 |
|
$ |
78.0 |
|
$ |
219.4 |
|
Acquisition, separation, and integration costs |
|
(l) |
|
|
3.0 |
|
|
4.9 |
|
|
10.9 |
|
|
2.1 |
|
|
4.8 |
|
|
4.7 |
|
|
11.6 |
|
Amortization of acquisition-related intangible assets |
|
(m) |
|
|
1.0 |
|
|
1.3 |
|
|
3.4 |
|
|
1.2 |
|
|
2.4 |
|
|
2.4 |
|
|
6.0 |
|
Severance costs/(release) |
|
(q) |
|
|
(0.4) |
|
|
6.3 |
|
|
15.8 |
|
|
(0.5) |
|
|
8.9 |
|
|
2.6 |
|
|
11.0 |
|
Russia termination costs and currency remeasurement |
|
(n) |
|
|
0.9 |
|
|
0.7 |
|
|
2.4 |
|
|
1.0 |
|
|
0.7 |
|
|
0.6 |
|
|
2.3 |
|
Beyond efficiency program |
|
(s) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
37.3 |
|
|
37.3 |
|
IRS settlement |
|
(o) |
|
|
(3.5) |
|
|
9.4 |
|
|
5.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Non-cash tax impacts of international reorganization |
|
(r) |
|
|
11.5 |
|
|
10.2 |
|
|
43.2 |
|
|
11.7 |
|
|
6.6 |
|
|
15.0 |
|
|
33.3 |
|
Income tax benefit from other adjustments |
|
(l), (m), (n), (q), (s) |
|
|
(0.9) |
|
|
(2.5) |
|
|
(6.6) |
|
|
(0.7) |
|
|
(3.7) |
|
|
(10.1) |
|
|
(14.5) |
|
Adjusted net income (non-GAAP) |
|
|
|
$ |
151.2 |
|
$ |
144.7 |
|
$ |
574.6 |
|
$ |
79.5 |
|
$ |
96.4 |
|
$ |
130.5 |
|
$ |
306.4 |
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
|
|
|
Notes |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
|||||||
|
Consolidated Metrics cont. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d) |
Net income (GAAP) |
|
|
|
$ |
139.6 |
|
$ |
114.4 |
|
$ |
499.6 |
|
$ |
64.7 |
|
$ |
76.7 |
|
$ |
78.0 |
|
$ |
219.4 |
|
Provision for income taxes |
|
|
|
|
28.0 |
|
|
36.7 |
|
|
126.1 |
|
|
25.4 |
|
|
18.7 |
|
|
18.1 |
|
|
62.2 |
|
Interest income |
|
|
|
|
(2.4) |
|
|
(2.0) |
|
|
(7.9) |
|
|
(2.0) |
|
|
(2.2) |
|
|
(2.6) |
|
|
(6.8) |
|
Interest expense |
|
|
|
|
37.0 |
|
|
36.7 |
|
|
143.0 |
|
|
36.2 |
|
|
39.5 |
|
|
38.4 |
|
|
114.1 |
|
Depreciation and amortization (not included in amortization of acquisition-related intangible assets) |
|
|
|
|
41.3 |
|
|
42.0 |
|
|
165.4 |
|
|
45.5 |
|
|
46.9 |
|
|
47.2 |
|
|
139.6 |
|
Stock-based compensation expense |
|
(t) |
|
|
9.9 |
|
|
14.6 |
|
|
46.6 |
|
|
11.3 |
|
|
8.1 |
|
|
8.7 |
|
|
28.1 |
|
Other income, net |
|
|
|
|
(0.3) |
|
|
(0.5) |
|
|
(3.5) |
|
|
(1.3) |
|
|
(0.6) |
|
|
(1.1) |
|
|
(3.0) |
|
Acquisition, separation, and integration costs |
|
(l) |
|
|
3.0 |
|
|
4.9 |
|
|
10.9 |
|
|
2.1 |
|
|
4.8 |
|
|
4.7 |
|
|
11.6 |
|
Amortization of acquisition-related intangible assets |
|
(m) |
|
|
1.0 |
|
|
1.3 |
|
|
3.4 |
|
|
1.2 |
|
|
2.4 |
|
|
2.4 |
|
|
6.0 |
|
Severance costs/(release) |
|
(q) |
|
|
(0.4) |
|
|
6.3 |
|
|
15.8 |
|
|
(0.5) |
|
|
8.9 |
|
|
2.6 |
|
|
11.0 |
|
Russia termination costs |
|
(n) |
|
|
0.7 |
|
|
0.8 |
|
|
3.1 |
|
|
0.9 |
|
|
0.8 |
|
|
0.6 |
|
|
2.3 |
|
Beyond efficiency program |
|
(s) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
37.3 |
|
|
37.3 |
|
Adjusted EBITDA (non-GAAP) |
|
(k) |
|
$ |
257.4 |
|
$ |
255.2 |
|
$ |
1,002.5 |
|
$ |
183.5 |
|
$ |
204.0 |
|
$ |
234.3 |
|
$ |
621.8 |
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
|
|
|
Notes |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
|||||||
|
Consolidated Metrics cont. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) |
Effective tax rate (GAAP) |
|
|
|
|
17% |
|
|
24% |
|
|
20% |
|
|
28% |
|
|
20% |
|
|
19% |
|
|
22% |
|
IRS settlement |
|
(o) |
|
|
2% |
|
|
(6)% |
|
|
(1)% |
|
|
0% |
|
|
0% |
|
|
0% |
|
|
0% |
|
Non-cash tax impacts of international reorganization |
|
(r) |
|
|
(7)% |
|
|
(7)% |
|
|
(7)% |
|
|
(13)% |
|
|
(7)% |
|
|
(16)% |
|
|
(12)% |
|
Other adjustments |
|
(l), (m), (n), (q), (s) |
|
|
0% |
|
|
1% |
|
|
1% |
|
|
0% |
|
|
1% |
|
|
6% |
|
|
2% |
|
Adjusted effective tax rate (non-GAAP) |
|
|
|
|
12% |
|
|
12% |
|
|
13% |
|
|
15% |
|
|
14% |
|
|
9% |
|
|
12% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(f) |
Diluted earnings per share (GAAP) ($- dollars) |
|
|
|
$ |
0.43 |
|
$ |
0.36 |
|
$ |
1.52 |
|
$ |
0.20 |
|
$ |
0.24 |
|
$ |
0.25 |
|
$ |
0.70 |
|
Pretax impacts from the following: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition, separation, and integration costs |
|
(l) |
|
|
0.01 |
|
|
0.02 |
|
|
0.03 |
|
|
0.01 |
|
|
0.02 |
|
|
0.01 |
|
|
0.04 |
|
Amortization of acquisition-related intangible assets |
|
(m) |
|
|
— |
|
|
— |
|
|
0.01 |
|
|
— |
|
|
0.01 |
|
|
0.01 |
|
|
0.02 |
|
Severance costs |
|
(q) |
|
|
— |
|
|
0.02 |
|
|
0.05 |
|
|
— |
|
|
0.03 |
|
|
0.01 |
|
|
0.03 |
|
Russia termination costs and currency remeasurement |
|
(n) |
|
|
— |
|
|
— |
|
|
0.01 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Beyond efficiency program |
|
(s) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.12 |
|
|
0.12 |
|
Income tax expense/(benefit) impacts from the following: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IRS settlement |
|
(o) |
|
|
(0.01) |
|
|
0.03 |
|
|
0.02 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Non-cash tax impacts of international reorganization |
|
(r) |
|
|
0.04 |
|
|
0.03 |
|
|
0.13 |
|
|
0.04 |
|
|
0.02 |
|
|
0.05 |
|
|
0.11 |
|
Other adjustments |
|
(l), (m), (n), (q), (s) |
|
|
— |
|
|
(0.01) |
|
|
(0.02) |
|
|
— |
|
|
(0.01) |
|
|
(0.03) |
|
|
(0.05) |
|
Adjusted diluted earnings per share (non-GAAP) ($- dollars) |
|
|
|
$ |
0.47 |
|
$ |
0.45 |
|
$ |
1.75 |
|
$ |
0.25 |
|
$ |
0.31 |
|
$ |
0.42 |
|
$ |
0.97 |
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
|
|
|
Notes |
|
3Q25 |
|
4Q25 |
|
FY2025 |
|
1Q26 |
|
2Q26 |
|
3Q26 |
|
YTD 3Q26 |
|||||||
|
CMT Segment Metrics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(g) |
Revenues (GAAP) |
|
|
|
$ |
878.0 |
|
$ |
871.5 |
|
$ |
3,507.4 |
|
$ |
845.4 |
|
$ |
866.1 |
|
$ |
857.2 |
|
$ |
2,568.7 |
|
Foreign currency translation and Argentina hyperinflation impact[1] |
|
(j) |
|
|
(15.5) |
|
|
(17.2) |
|
|
(27.0) |
|
|
(22.4) |
|
|
(8.7) |
|
|
0.6 |
|
|
(30.5) |
|
Revenues, constant currency, net of Argentina hyperinflation[1] (non-GAAP) |
|
|
|
|
862.5 |
|
|
854.3 |
|
|
3,480.4 |
|
|
823.0 |
|
|
857.4 |
|
|
857.8 |
|
|
2,538.2 |
|
Less Iraq revenues (GAAP) |
|
(p) |
|
|
(2.2) |
|
|
(2.3) |
|
|
(15.8) |
|
|
(6.5) |
|
|
(10.3) |
|
|
(11.9) |
|
|
(28.7) |
|
Adjusted revenues, excluding Iraq (non-GAAP) |
|
|
|
$ |
860.3 |
|
$ |
852.0 |
|
$ |
3,464.6 |
|
$ |
816.5 |
|
$ |
847.1 |
|
$ |
845.9 |
|
$ |
2,509.5 |
|
Prior year revenues (GAAP) |
|
|
|
$ |
932.2 |
|
$ |
938.8 |
|
$ |
3,798.0 |
|
$ |
872.9 |
|
$ |
885.0 |
|
$ |
878.0 |
|
$ |
2,635.9 |
|
Less prior year revenues from Iraq (GAAP) |
|
(p) |
|
|
(9.5) |
|
|
(6.6) |
|
|
(115.3) |
|
|
(6.6) |
|
|
(4.7) |
|
|
(2.2) |
|
|
(13.5) |
|
Adjusted prior year revenues, excluding Iraq (non-GAAP) |
|
|
|
$ |
922.7 |
|
$ |
932.2 |
|
$ |
3,682.7 |
|
$ |
866.3 |
|
$ |
880.3 |
|
$ |
875.8 |
|
$ |
2,622.4 |
|
Revenues (GAAP) - YoY % change |
|
|
|
|
(6)% |
|
|
(7)% |
|
|
(8)% |
|
|
(3)% |
|
|
(2)% |
|
|
(2)% |
|
|
(3)% |
|
Adjusted revenues (non-GAAP) - YoY % change |
|
|
|
|
(7)% |
|
|
(9)% |
|
|
(8)% |
|
|
(6)% |
|
|
(3)% |
|
|
(2)% |
|
|
(4)% |
|
Adjusted revenues, excluding Iraq (non-GAAP) - YoY % change |
|
|
|
|
(7)% |
|
|
(9)% |
|
|
(6)% |
|
|
(6)% |
|
|
(4)% |
|
|
(3)% |
|
|
(4)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(h) |
Cross-border principal, as reported ($- billions) |
|
|
|
$ |
27.2 |
|
$ |
27.7 |
|
$ |
107.4 |
|
$ |
27.0 |
|
$ |
27.2 |
|
$ |
27.3 |
|
$ |
81.5 |
|
Foreign currency translation impact |
|
(j) |
|
|
(0.5) |
|
|
(0.6) |
|
|
(1.1) |
|
|
(0.9) |
|
|
(0.3) |
|
|
0.1 |
|
|
(1.1) |
|
Cross-border principal, constant currency ($- billions) |
|
|
|
$ |
26.7 |
|
$ |
27.1 |
|
$ |
106.3 |
|
$ |
26.1 |
|
$ |
26.9 |
|
$ |
27.4 |
|
$ |
80.4 |
|
Prior year cross-border principal, as reported ($- billions) |
|
|
|
$ |
25.9 |
|
$ |
26.5 |
|
$ |
102.9 |
|
$ |
25.8 |
|
$ |
26.7 |
|
$ |
27.2 |
|
$ |
79.7 |
|
Cross-border principal, as reported - YoY % change |
|
|
|
|
5% |
|
|
4% |
|
|
4% |
|
|
5% |
|
|
2% |
|
|
1% |
|
|
2% |
|
Cross-border principal, constant currency - YoY % change |
|
|
|
|
3% |
|
|
2% |
|
|
3% |
|
|
1% |
|
|
1% |
|
|
1% |
|
|
1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CS Segment Metrics |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
Revenues (GAAP) |
|
|
|
$ |
154.6 |
|
$ |
136.9 |
|
$ |
543.3 |
|
$ |
137.3 |
|
$ |
147.1 |
|
$ |
152.1 |
|
$ |
436.5 |
|
Foreign currency translation and Argentina hyperinflation impact[1] |
|
(j) |
|
|
0.4 |
|
|
13.1 |
|
|
(10.5) |
|
|
9.8 |
|
|
11.2 |
|
|
9.7 |
|
|
30.7 |
|
Revenues, constant currency, net of Argentina hyperinflation[1] (non-GAAP) |
|
|
|
$ |
155.0 |
|
$ |
150.0 |
|
$ |
532.8 |
|
$ |
147.1 |
|
$ |
158.3 |
|
$ |
161.8 |
|
$ |
467.2 |
|
Prior year revenues (GAAP) |
|
|
|
$ |
103.8 |
|
$ |
119.4 |
|
$ |
411.7 |
|
$ |
110.7 |
|
$ |
141.1 |
|
$ |
154.6 |
|
$ |
406.4 |
|
Revenues (GAAP) - YoY % change |
|
|
|
|
49% |
|
|
15% |
|
|
32% |
|
|
24% |
|
|
4% |
|
|
(2)% |
|
|
7% |
|
Adjusted revenues (non-GAAP) - YoY % change |
|
|
|
|
49% |
|
|
26% |
|
|
29% |
|
|
33% |
|
|
12% |
|
|
5% |
|
|
15% |
[1] Beginning with the second quarter of 2025, the Company no longer adjusts for the estimated impact of Argentinian hyperinflation in its non-GAAP revenue results, as inflation in the country has moderated significantly - from over 200% in recent years to less than 50% since the second quarter of 2025.
THE WESTERN UNION COMPANY
NOTES TO KEY STATISTICS
(Unaudited)
(in millions, unless indicated otherwise)
2026 Consolidated Outlook Metrics |
|
|
|
|
|
|
|
|
|
|
Notes |
|
Range |
||||
Revenues (GAAP) - YoY % change (Including Intermex) |
|
|
|
|
0% |
|
|
1% |
Foreign currency translation impact |
|
(j) |
|
|
0% |
|
|
0% |
Revenues, adjusted (non-GAAP) - YoY % change (Including Intermex) |
|
|
|
|
0% |
|
|
1% |
|
|
|
|
|
|
|
|
|
Revenues (GAAP) - YoY % change (Excluding Intermex) |
|
|
|
|
(2)% |
|
|
(1)% |
Foreign currency translation impact |
|
(j) |
|
|
0% |
|
|
0% |
Revenues, adjusted (non-GAAP) - YoY % change (Excluding Intermex) |
|
|
|
|
(2)% |
|
|
(1)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Range |
||||
Effective tax rate (GAAP) |
|
|
|
|
20% |
|
|
22% |
Non-cash tax impacts of international reorganization |
|
(r) |
|
|
(12)% |
|
|
(12)% |
Other adjustments |
|
(l), (m), (n), (q), (s) |
|
|
2% |
|
|
2% |
Effective tax rate, adjusted (non-GAAP) |
|
|
|
|
10% |
|
|
12% |
Non-GAAP related notes:
Other notes: