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WU

The Western Union Company

WU

The Western Union Company • NYSE
$8.79 ▲ 1.38% (+0.12)
Market Cap $2.79 B
52w High $11.95
52w Low $7.85
Dividend Yield 0.94%
P/E 3.82
Volume 3.47M
Outstanding Shares 317.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.033B ▲ $187.5M ▼ $139.6M ▲ 13.519% ▲ $0.43 ▲ $243.2M ▲
Q2-2025 $1.026B ▲ $190.6M ▲ $122.1M ▼ 11.899% ▼ $0.37 $236.6M ▲
Q1-2025 $983.6M ▼ $187M ▼ $123.5M ▼ 12.556% ▼ $0.37 ▼ $221.8M ▲
Q4-2024 $1.058B ▲ $218.4M ▲ $385.7M ▲ 36.449% ▲ $1.13 ▲ $221.5M ▲
Q3-2024 $1.036B $217.5M $264.8M 25.56% $0.78 $210.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.822B ▼ $7.784B ▼ $6.859B ▼ $925.4M ▲
Q2-2025 $2.857B ▼ $7.984B ▼ $7.101B ▼ $883.6M ▼
Q1-2025 $2.887B ▼ $8.338B ▼ $7.399B ▼ $939.4M ▼
Q4-2024 $3.438B ▲ $8.37B ▲ $7.402B ▲ $968.9M ▲
Q3-2024 $2.937B $7.676B $7.023B $652.7M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $139.6M ▲ $260.4M ▲ $-25.6M ▲ $-263.9M ▼ $-29.1M ▲ $170.6M ▲
Q2-2025 $122.1M ▼ $-300K ▼ $-66.3M ▲ $23.7M ▲ $-42.9M ▲ $-7.8M ▼
Q1-2025 $123.5M ▼ $148.2M ▲ $-111.1M ▼ $-696.6M ▼ $-659.5M ▼ $123.8M ▲
Q4-2024 $385.7M ▲ $134M ▼ $117.8M ▲ $427.5M ▲ $679.3M ▲ $95.2M ▼
Q3-2024 $264.8M $212.1M $-65.7M $-204.2M $-57.8M $184.8M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Consumer Money Transfers
Consumer Money Transfers
 $1.90Bn ▲$870.00M ▼$890.00M ▲$880.00M ▼
Consumer Services
Consumer Services
 $210.00M ▲$110.00M ▼$140.00M ▲$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Western Union’s revenue has been slowly drifting down over the past few years, which shows the core money transfer business is under pressure. At the same time, profit margins have narrowed from earlier levels, reflecting competitive fee pressure and the cost of transforming the business. The notable exception is the most recent year, where profit rebounded even though sales slipped again. That suggests better cost control, a shift toward higher-margin digital activity, or one‑time benefits. Still, the big picture is a mature business with modest growth prospects and an ongoing need to defend profitability in a changing market.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable in size, with total assets edging down slightly over time rather than growing. Cash on hand has generally stayed healthy, giving the company flexibility, even though it moves up and down year to year. Debt remains meaningful, so leverage is still a key feature of the capital structure. Equity has been very thin historically but has improved recently, which is a positive sign for balance-sheet strength. Overall, this is not a distressed profile, but it is not a fortress either; it relies on steady cash generation and disciplined capital returns to stay comfortable.

Cash Flow

Cash Flow Western Union consistently generates positive free cash flow, which is a major strength. The business does not require heavy spending on physical assets, so a good share of operating cash can be used for debt service, dividends, buybacks, or investment in digital initiatives. However, cash flow from operations has been noticeably stronger in some years than in others. The latest year shows weaker cash generation than the earlier peak years, even though accounting profit improved. That points to working capital swings or timing effects and highlights that cash conversion is solid but not flawless.

Competitive Edge

Competitive Edge The company’s main edge is its massive global payout network and long-established brand trust, especially among customers who still rely on cash and have limited access to banking. Its compliance and regulatory infrastructure is another important barrier that makes it harder for new entrants to operate at the same global scale. At the same time, the moat is under pressure. Digital‑only competitors are targeting the same corridors with lower fees and slick user experiences. Western Union’s response is to lean on its “clicks and bricks” model—combining physical locations with digital channels—and to sell its cross‑border platform to banks and partners. The competitive position is still strong but clearly more contested than in the past.

Innovation and R&D

Innovation and R&D Western Union is investing heavily in modernizing how it moves money, with a clear tilt toward digital. Its mobile app, web platform, and real‑time payout capabilities are central to this shift, aiming to keep existing customers while attracting younger, more digital users. The company is also leaning into AI and machine learning for fraud prevention, compliance, and efficiency, and using low‑code tools to speed up product development. Partnerships with firms like Plaid and Tencent extend its reach into open banking and super‑app ecosystems. Longer term, experiments with digital currencies and broader digital banking services show a willingness to adapt the business model, not just the technology stack.

Summary

Western Union looks like a mature, cash‑generative business in the middle of a difficult transition. Revenue and traditional margins have been slowly eroding, but the company still produces solid free cash flow and has recently improved its reported profitability and book equity position. Its core strengths—global reach, brand trust, and regulatory know‑how—remain valuable, particularly for serving cash‑based and underbanked customers. The main strategic question is how successfully it can grow and monetize its digital offerings before fee pressure and new fintech competitors chip away too much of its legacy business. Execution of its digital and “Evolve 2025” strategy, and the quality of its cash flows during that shift, are the key factors to watch.

NEWS

November 20, 2025 · 12:19 PM UTC

International Money Express Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of International Money Express, Inc. - IMXI

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November 6, 2025 · 8:02 AM UTC

Western Union Introduces “Beyond” Strategy and Provides Medium-Term Financial Outlook at Investor Day

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October 28, 2025 · 1:15 PM UTC

Western Union Announces USDPT Stablecoin on Solana and Digital Asset Network

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October 27, 2025 · 4:05 PM UTC

Western Union to Webcast 2025 Investor Day Live on November 6, 2025

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October 23, 2025 · 4:05 PM UTC

Western Union Reports Third Quarter 2025 Results

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