Shift4 Payments vs Western Union
Shift4 Payments and Western Union are similar in size: $4.18bn and $4.05bn of revenue in their latest fiscal years. Shift4 Payments grew faster (25.5% against -3.8%). Western Union kept more of each dollar of sales as profit: a net margin of 12.3% against 2.8%. Western Union carries less debt relative to equity (301.2% against 318.2%).
| Latest fiscal year | Shift4 PaymentsFOUR, 2025 | Western UnionWU, 2025 |
|---|---|---|
| Revenue | $4.18bn | $4.05bn |
| Revenue growth | 25.5% | -3.8% |
| Net income | $119m | $500m |
| Operating margin | 8.4% | 18.7% |
| Net margin | 2.8% | 12.3% |
| Return on equity | 10.6% | 51.9% |
| Free cash flow | $624m | $505m |
| Cash | $964m | $1.23bn |
| Total debt | $4.59bn | $2.88bn |
| Debt to equity | 318.2% | 301.2% |
| Dividend per share | — | $0.94 |
| Dividend yield | — | 15.4% |
| Share buybacks | $453m | $235m |
| Employees | 6,300 | — |
| Market value | $55.4m | $1.95bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 17 (Weak) | 69 (Moderate) |
| Insider trades, 12 months | 6 buys, 4 sales | 1 buys, 4 sales |