The Western Union Company
Financial Performance
Western Union Revenue & Financials
Revenue
$4.1B (FY2025)
Market Cap
$1.9B
Net Income
$499.6M
Employees
9,600
What is Western Union's revenue?
Western Union had $4.1B in revenue for fiscal year 2025, down 3.8% from 2024. Net income was $499.6M.
- Latest revenue
- $4.1B (FY2025)
- Year-over-year
- -3.8%
- Growth rate (CAGR)
- -3.2% over 9 years
- Peak revenue
- $5.6B (FY2018)
- Years of data
- 10
- Employees
- 9,600
- What is Western Union's operating income?
- Western Union reported operating income of $757.3M for fiscal year 2025. sec.gov
- How much profit does Western Union make?
- Western Union reported net income of $499.6M for fiscal year 2025. sec.gov
- How many employees does Western Union have?
- Western Union has about 9,600 employees.
Financial Analysis
Western Union's revenue fell from $5.07 billion in 2021 to $4.05 billion in 2025. Part of the drop came from selling Business Solutions and leaving Russia and Belarus in 2022. Net income was $499.6 million in 2025, down from $934.2 million in 2024. In 2026, Q1 revenue was $983 million, flat on a GAAP basis. Q2 revenue was about $1.0 billion, down 1%, with GAAP EPS of $0.24 against $0.37 a year earlier. Management blamed weaker Americas retail and the delayed Intermex close, and said it would cut costs harder in the second half of 2026.
Revenue Trend Analysis
YoY Change
-3.8%
9-Year CAGR
-3.2%
Peak Year
2018
Trend
Declining Trend
The Western Union Company has 10 full fiscal year figures on this page, compounding at -3.2% annually over 9 years. The most recent year saw a 3.8% decline versus the prior year. Annual revenue peaked in fiscal year 2018 at $5.6B. Of 9 comparable year-over-year steps, 3 showed growth and 6 showed a decline.
Annual revenue history
Click any row to see year details.
The Western Union Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $543.7M | $38.5M | $8.3B | $7.3B | $505.2M | Form 10-K |
| FY2024ended Dec 31, 2024 | $406.3M | $37.4M | $8.4B | $7.4B | $368.9M | Form 10-K |
| FY2023ended Dec 31, 2023 | $783.1M | $22.9M | $8.2B | $7.7B | $760.2M | Form 10-K |
| FY2022ended Dec 31, 2022 | $581.6M | $31.9M | $8.5B | $8B | $549.7M | Form 10-K |
| FY2021ended Dec 31, 2021 | $1B | $37.7M | $8.8B | $8.5B | $1B | Form 10-K |
| FY2020ended Dec 31, 2020 | $877.5M | $36.5M | $9.5B | $9.3B | $841M | Form 10-K |
| FY2019ended Dec 31, 2019 | $914.6M | $48.1M | $8.8B | $8.8B | $866.5M | Form 10-K |
| FY2018ended Dec 31, 2018 | $821.3M | $136.7M | $9B | $9.3B | $684.6M | Form 10-K |
| FY2017ended Dec 31, 2017 | $742M | $69.1M | $9.2B | $9.7B | $672.9M | Form 10-K |
| FY2016ended Dec 31, 2016 | $1B | $68.8M | $9.4B | $8.5B | $973.1M | Form 10-K |
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Western Union Revenue and Financial FAQ
What was Western Union's total revenue in fiscal year 2025?
In fiscal year 2025, Western Union generated $4.051 billion in total revenues, stabilizing its top-line performance as digital revenue growth offset mature retail retail market drag.
What is Western Union's operating margin and profitability profile?
Western Union consistently achieves robust GAAP operating margins between 18% and 20%, driven by mature network infrastructure and disciplined corporate expense management.
What is Western Union's dividend track record and payout yield?
Western Union is recognized for its high dividend yield (typically yielding 6% to 8%), returning hundreds of millions annually to shareholders through steady quarterly dividend distributions.
How much cross-border principal does Western Union move annually?
Western Union moves over $100 billion in cross-border consumer principal annually, serving as one of the largest private conduits of international remittances on Earth.
How did the divestiture of Western Union Business Solutions impact financials?
The sale of the B2B division generated approximately $910 million in gross proceeds between 2021 and 2023, which Western Union deployed toward paying down debt and repurchasing common shares.
What is Western Union's balance sheet debt and credit rating profile?
The company maintains an investment-grade balance sheet with roughly $2.5 billion in term debt and bonds, supported by predictable annual free cash flow exceeding $600 million.
How does foreign currency exchange rate volatility affect earnings?
Strengthening of the US dollar against emerging market recipient currencies creates transactional translation headwinds, though it often incentivizes migrants to send larger sums home.
How has Western Union's capital return policy evolved under current leadership?
Management maintains a balanced capital allocation strategy, dividing free cash flow between reinvestment in digital app engineering, dividend distributions, and opportunistic share repurchases.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Western Union Revenue & Financials." CorpDigest, https://corpdigest.com/company/western-union/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Western Union reported $4.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/western-union/financials" target="_blank" rel="noopener">CorpDigest — Western Union financials</a></div>Related Financial Audits
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