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Western Union Co (WU) stock

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NYSE: WU NYSE Transaction & Payment Processing Services Next results ~November 4, 2026

C+ Fundamentals grade

Western Union Co is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($26.53) is 4.28x the share price ($6.20); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($26.53) is 4.28x the share price ($6.20); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Western Union Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds209 adding, 288 cuttingOf 47 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Western Union files

Where Western Union Co stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.04bn, down 1.6% on a year earlier, faster than -2.3% a quarter earlier. That puts it 10 of 10 for growth among the business services, nec companies we cover. Free-cash-flow margin rose to 14.0% from 11.3% a year earlier. The diluted share count is down 5.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 5 financial-health checks.

Our model value for Western Union is under review, so past values are not shown until it is resolved.

Source: 10-Q filed July 30, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Western Union Co's trailing-twelve-month revenue fell 1.6% year on year, with a free-cash-flow margin of 14.0%. Where it stands out: stock pay as % of revenue of 1.0% ranks 3 of 30 transaction & payment processing services companies we cover. Where it lags: revenue growth of -1.6% ranks 26 of 30 transaction & payment processing services companies we cover.

Our discounted-cash-flow model values the business at ~$27 per share in the base case (~$18–$37 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 22.4% while net income fell 55.9%: a 78pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.6% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 1.6% over the last 12 months.
  • Gross margin slipping. Gross margin is down 2.1 points on a year ago.
  • Heavily shorted. 21.4% of the shares available to trade are sold short (6.4 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 20.8% over 90 days.

Latest results: FY2026 Q2

Filed July 30, 2026
Earnings per share
$0.31 against an average estimate of $0.42: missed by 26.3%
Revenue
$1.01bn, down 1.3% on a year earlier
Share reaction
-21.4% in the first session after the results on July 30, 2026, against +2.4% for the S&P 500
Guidance given
revenue (GAAP) - YoY % change growth 3% to 5% (full year 2026); revenue (Adjusted) - YoY % change growth 4% to 6% (full year 2026)
Next report
November 4, 2026; average EPS estimate $0.34

Western Union's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+1.3%
  • 1 month+4.8%
  • This year-25.9%
  • 1 year-24.2%
  • 5 years-47.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Operating margin
15.9%
Net margin
9.8%
EPS (TTM, diluted)
$1.24

Growth

Revenue growth
−1.6%
Change in growth rate
+0.6 pts
Share count change
−5.6%

Cash

Free cash flow (TTM)
$565M
FCF margin
14.0%
Stock pay % of revenue
1.0%

Earnings

Last results
July 30, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Deal
  5. Announcement
  6. Partnership
  7. Dividend
  8. Results
  9. Guidance
  10. Leadership
  11. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Western Union Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($26.53) is 4.28x the share price ($6.20); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Western Union Co's free cash flow after stock-based pay ( $575M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Western Union Co as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$27 ~$18–$37 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$14 ~$9.9–$28 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$40 ~$34–$49 Left out: out of range vs price (6.35x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Western Union Co with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$9.42$11.80$10.71$9.99$16.26$13.87$11.77$9.66$9.07$8.72$8.49$6.29
Market value$4.9bn$5.8bn$5.0bn$4.5bn$7.0bn$5.8bn$4.8bn$3.8bn$3.4bn$3.0bn$2.8bn$2.0bn
+ Net debt (− = net cash)$1.9bn$1.9bn$2.2bn$2.5bn$1.8bn$1.6bn$1.8bn$1.3bn$1.2bn$1.5bn$1.7bn$1.8bn
Enterprise value$6.8bn$7.7bn$7.2bn$7.0bn$8.8bn$7.4bn$6.6bn$5.1bn$4.6bn$4.5bn$4.4bn$3.8bn
Multiples
Price / sales 0.9x1.1x0.9x0.8x1.3x1.2x0.9x0.8x0.8x0.7x0.7x0.5x
Price / earnings 5.8x23.0x—5.3x6.6x7.7x6.0x4.1x5.4x3.2x5.6x5.1x
Price / free cash flow 5.0x6.0x7.4x6.6x8.1x6.8x4.8x6.8x4.4x8.1x5.5x3.5x
EV / EBITDA 4.9x10.3x9.8x5.0x7.4x6.2x5.6x5.5x5.4x5.8x5.6x5.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

69 /100

Moderate moat

How hard Western Union's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 8.1% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 40.5%, moving by 2.6 percentage points (standard deviation) across 8 years.

  • Durability 11 / 20

    Operating margin has been a median 17.8%; its worst year was 7.7%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 14.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 23.1% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (74 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $1.0bn and EPS of $0.34 (range $0.30 to $0.37) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.27 −28% $4.0bn 0%
Next $1.50 +18% $4.3bn +7%

Next year's EPS estimate has moved −20.8% in 90 days, across 18 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −26.8% on 90 days ago. In the last 30 days, 0 analysts raised Western Union Co's forecast and 6 cut it.

Consensus EPS forecast Western Union Co, last 90 days
$1.20 $1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.73 Current fiscal year, 60 days ago: $1.29 Current fiscal year, 30 days ago: $1.29 Current fiscal year, 7 days ago: $1.27 Current fiscal year, Now: $1.27 $1.27 Next fiscal year, 90 days ago: $1.89 Next fiscal year, 60 days ago: $1.52 Next fiscal year, 30 days ago: $1.51 Next fiscal year, 7 days ago: $1.50 Next fiscal year, Now: $1.50 $1.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.73$1.89
60 days ago $1.29$1.52
30 days ago $1.29$1.51
7 days ago $1.27$1.50
Now $1.27$1.50

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.42 $0.31 −26.3%
Mar 2026 $0.39 $0.25 −36.4%
Dec 2025 $0.43 $0.45 +4.0%
Sept 2025 $0.43 $0.47 +9.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • Revenue (GAAP) - YoY % change full year 2026 3% growth to 5% growth GAAP
    “Revenue 2 3% to 5% 4% to 6%” source
  • Revenue (Adjusted) - YoY % change full year 2026 4% growth to 6% growth Non-GAAP
    “Revenue 2 3% to 5% 4% to 6%” source
  • Adjusted EPS full year 2026 $1.25 to $1.35 Non-GAAP
    “EPS 3 NA 4 $1.25 to $1.35” source
  • GAAP effective tax rate full year 2026 20% to 22% GAAP
    “The GAAP effective tax rate is expected to be 20% to 22% and the adjusted effective tax rate is expected to be 13% to 15%.” source
  • Adjusted effective tax rate full year 2026 13% to 15% Non-GAAP
    “The GAAP effective tax rate is expected to be 20% to 22% and the adjusted effective tax rate is expected to be 13% to 15%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Western Union Co's revenue by +4.1% next year and +3.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.8%, weight 56%) , management guidance (+7.9%, weight 19%) and the company's own record (+2.0%, weight 25%) . How the weights are set.

Analyst recommendations

18 analysts, Oct 2026
Buy16%
Hold1161%
Sell633%

Monthly trend

  1. Oct 2026114218
  2. Sep 2026105218
  3. Aug 2026115218
  4. Jul 2026105218

Counts of recommendations published by analysts covering Western Union Co, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
21.4%
of tradable shares
Days to cover
6.39
at average volume
Short interest, 1 month
+19%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.9%
of shares
Employees
9,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −24.2%

$8.30 on October 31, 2025 to $6.29

ThenNowEffect
Revenue (last 12 months) $4.1bn $4.0bn −1.6%
Net margin 21.8% 9.8% −55.1%
P/E multiple 3.1x 5.1x +62.0%
Share count 337m 318m +6.0%

Biggest factor: net margin.

Last 3 years −28.2%

$8.76 on November 3, 2023 to $6.29

ThenNowEffect
Revenue (last 12 months) $4.4bn $4.0bn −8.0%
Net margin 17.1% 9.8% −42.8%
P/E multiple 4.4x 5.1x +14.0%
Share count 381m 318m +19.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WU−15%−18%−6%−4%−3%−26%
Industry peers (median)−19%−35%+8%+13%−26%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WU50%50%67%42%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WU−39%−35%−30%−21%−28%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 66% from February 10, 2020 to September 30, 2026. Getting back needed a 191% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.90 – $9.38
From 52-week high
−32.9%
vs 50-day average
−1.7%
vs 200-day average
−17.5%
Volatility (1 year)
37%
Beta vs S&P 500
0.36

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.5%
After a week
3 up, 9 down
typical move ±6.2%
After a month
3 up, 9 down
typical move ±6.4%
Results releasedNext dayS&P 500 next day5 days21 days
July 30, 2026 −21.4% +2.4% −11.5% −10.5%
April 24, 2026 +0.4% +0.9% −1.3% −11.6%
February 20, 2026 −2.4% −0.3% +2.0% −0.2%
October 23, 2025 +10.3% +1.4% +15.9% +3.6%
July 28, 2025 −5.7% −0.3% −6.4% 0.0%
April 23, 2025 +1.8% +3.7% −0.9% −3.7%
February 4, 2025 +7.2% +1.1% −0.1% +7.7%
October 23, 2024 −3.8% −0.7% −6.9% −6.4%
July 30, 2024 −7.7% +1.1% −10.7% −6.0%
April 24, 2024 −0.8% −0.4% −2.3% −4.6%
February 6, 2024 −4.5% +1.1% +1.7% +13.6%
October 25, 2023 −12.1% −2.6% −14.2% −9.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Western Union Co in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Western Union Co
$4B $4.1B $4.2B $4.3B $4.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $4.4B Revenue (TTM), FY23 Q4: $4.4B Revenue (TTM), FY24 Q1: $4.4B Revenue (TTM), FY24 Q2: $4.3B Revenue (TTM), FY24 Q3: $4.2B Revenue (TTM), FY24 Q4: $4.2B Revenue (TTM), FY25 Q1: $4.1B Revenue (TTM), FY25 Q2: $4.1B Revenue (TTM), FY25 Q3: $4.1B Revenue (TTM), FY25 Q4: $4.1B Revenue (TTM), FY26 Q1: $4B Revenue (TTM), FY26 Q2: $4B $4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $4.4B
FY23 Q4 $4.4B
FY24 Q1 $4.4B
FY24 Q2 $4.3B
FY24 Q3 $4.2B
FY24 Q4 $4.2B
FY25 Q1 $4.1B
FY25 Q2 $4.1B
FY25 Q3 $4.1B
FY25 Q4 $4.1B
FY26 Q1 $4B
FY26 Q2 $4B
Revenue growth, TTM YoY Western Union Co
-6% -4% -2% 0% 2% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -5.8% Revenue growth, TTM YoY, FY23 Q4: -2.6% Revenue growth, TTM YoY, FY24 Q1: 0.3% Revenue growth, TTM YoY, FY24 Q2: -2.8% Revenue growth, TTM YoY, FY24 Q3: -4.4% Revenue growth, TTM YoY, FY24 Q4: -3.4% Revenue growth, TTM YoY, FY25 Q1: -5.1% Revenue growth, TTM YoY, FY25 Q2: -3.8% Revenue growth, TTM YoY, FY25 Q3: -2.5% Revenue growth, TTM YoY, FY25 Q4: -3.8% Revenue growth, TTM YoY, FY26 Q1: -2.3% Revenue growth, TTM YoY, FY26 Q2: -1.6% -1.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -5.8%
FY23 Q4 -2.6%
FY24 Q1 0.3%
FY24 Q2 -2.8%
FY24 Q3 -4.4%
FY24 Q4 -3.4%
FY25 Q1 -5.1%
FY25 Q2 -3.8%
FY25 Q3 -2.5%
FY25 Q4 -3.8%
FY26 Q1 -2.3%
FY26 Q2 -1.6%
Operating margin (TTM) Western Union Co
15% 16% 17% 18% 19% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 18.4% Operating margin (TTM), FY23 Q4: 18.8% Operating margin (TTM), FY24 Q1: 18.4% Operating margin (TTM), FY24 Q2: 17.7% Operating margin (TTM), FY24 Q3: 16.8% Operating margin (TTM), FY24 Q4: 17.2% Operating margin (TTM), FY25 Q1: 17.2% Operating margin (TTM), FY25 Q2: 17.4% Operating margin (TTM), FY25 Q3: 18.3% Operating margin (TTM), FY25 Q4: 18.7% Operating margin (TTM), FY26 Q1: 17.4% Operating margin (TTM), FY26 Q2: 15.9% 15.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 18.4%
FY23 Q4 18.8%
FY24 Q1 18.4%
FY24 Q2 17.7%
FY24 Q3 16.8%
FY24 Q4 17.2%
FY25 Q1 17.2%
FY25 Q2 17.4%
FY25 Q3 18.3%
FY25 Q4 18.7%
FY26 Q1 17.4%
FY26 Q2 15.9%
FCF margin (TTM) Western Union Co
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 12.5% FCF margin (TTM), FY23 Q4: 17.4% FCF margin (TTM), FY24 Q1: 16.3% FCF margin (TTM), FY24 Q2: 12.9% FCF margin (TTM), FY24 Q3: 12.1% FCF margin (TTM), FY24 Q4: 8.8% FCF margin (TTM), FY25 Q1: 10.4% FCF margin (TTM), FY25 Q2: 11.3% FCF margin (TTM), FY25 Q3: 12.4% FCF margin (TTM), FY25 Q4: 12.5% FCF margin (TTM), FY26 Q1: 11.4% FCF margin (TTM), FY26 Q2: 14.0% 14.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 12.5%
FY23 Q4 17.4%
FY24 Q1 16.3%
FY24 Q2 12.9%
FY24 Q3 12.1%
FY24 Q4 8.8%
FY25 Q1 10.4%
FY25 Q2 11.3%
FY25 Q3 12.4%
FY25 Q4 12.5%
FY26 Q1 11.4%
FY26 Q2 14.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Western Union took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.1B
  2. Cost of revenue $2.6B · 63.0%
  3. Gross profit $1.5B · 37.0%
  4. Selling, general and admin $743M · 18.3%
  5. Operating income $757M · 18.7%
  6. Income tax $126M · 3.1%
  7. Interest and other $132M · 3.2%
  8. Net income $500M · 12.3%

Shares of revenue. Source: Western Union's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 5,084 5,193 5,491 5,665 5,542 5,607 5,484 5,423 5,524 5,590 5,292 4,835 5,071 4,476 4,357 4,210 4,051 4,037
Gross profit — — — — — — — 2,156 2,171 2,289 2,206 2,009 2,174 1,849 1,685 1,589 1,500 1,417
EBITDA 1,437 1,476 1,578 1,576 1,370 1,412 1,380 750 739 1,387 1,192 1,193 1,173 928 857 763 793 677
Operating income 1,283 1,300 1,385 1,330 1,107 1,141 1,109 487 476 1,122 934 967 1,123 885 818 726 757 642
Net income 849 910 1,165 1,026 798 852 838 253 −557 852 1,058 744 806 911 626 934 500 395
Diluted EPS $1.21 $1.36 $1.84 $1.69 $1.43 $1.59 $1.62 $0.51 −$1.19 $1.87 $2.46 $1.79 $1.97 $2.34 $1.68 $2.74 $1.52 $1.24
Growth (year on year)
Revenue −3.8% +2.1% +5.8% +3.2% −2.2% +1.2% −2.2% −1.1% +1.9% +1.2% −5.3% −8.6% +4.9% −11.7% −2.6% −3.4% −3.8% −1.6%
EBITDA −4.1% +2.7% +6.9% −0.1% −13.1% +3.1% −2.3% −45.6% −1.5% +87.7% −14.1% +0.1% −1.7% −20.9% −7.7% −10.9% +3.8% −9.8%
Operating income −5.3% +1.4% +6.5% −4.0% −16.7% +3.0% −2.7% −56.1% −2.3% +135.8% −16.8% +3.6% +16.1% −21.2% −7.6% −11.2% +4.3% −9.9%
Net income −7.6% +7.2% +28.1% −12.0% −22.2% +6.8% −1.7% −69.8% −320.0% — +24.2% −29.7% +8.3% +13.0% −31.3% +49.2% −46.5% −55.9%
Diluted EPS −2.4% +12.4% +35.3% −8.2% −15.4% +11.2% +1.9% −68.5% −333.3% — +31.6% −27.2% +10.1% +18.8% −28.2% +63.1% −44.5% −53.2%
Margins
Gross margin — — — — — — — 39.8% 39.3% 41.0% 41.7% 41.5% 42.9% 41.3% 38.7% 37.8% 37.0% 35.1%
EBITDA margin 28.3% 28.4% 28.7% 27.8% 24.7% 25.2% 25.2% 13.8% 13.4% 24.8% 22.5% 24.7% 23.1% 20.7% 19.7% 18.1% 19.6% 16.8%
Operating margin 25.2% 25.0% 25.2% 23.5% 20.0% 20.3% 20.2% 9.0% 8.6% 20.1% 17.6% 20.0% 22.1% 19.8% 18.8% 17.2% 18.7% 15.9%
Net margin 16.7% 17.5% 21.2% 18.1% 14.4% 15.2% 15.3% 4.7% −10.1% 15.2% 20.0% 15.4% 15.9% 20.3% 14.4% 22.2% 12.3% 9.8%
Free-cash-flow margin 22.8% 18.1% 20.4% 19.8% 18.2% 17.4% 17.8% 17.9% 12.2% 12.2% 16.4% 17.4% 19.9% 12.3% 17.4% 8.8% 12.5% 14.0%
Cash flow
Cash from operations 1,218 994 1,175 1,185 1,089 1,046 1,071 1,042 742 821 915 878 1,045 582 783 406 544 610
Capital spending 60 53 53 61 80 68 94 69 69 137 48 37 38 32 23 37 39 44
Free cash flow 1,158 941 1,122 1,124 1,008 978 977 973 673 685 867 841 1,008 550 760 369 505 565
Stock-based pay 32 36 31 34 35 40 42 42 44 48 49 42 44 46 36 39 47 41
Free cash flow after stock pay 1,127 905 1,091 1,090 974 938 935 931 629 637 818 799 963 504 724 330 459 524
Balance sheet
Cash 1,685 2,157 1,371 1,777 2,073 1,783 1,316 878 838 973 1,451 1,428 1,208 1,286 1,269 1,474 1,234 920
Total debt 3,049 3,290 3,583 4,029 4,213 3,720 3,216 2,786 3,034 3,434 3,229 3,067 3,008 2,617 2,505 2,950 2,885 2,697
Net debt (negative = net cash) 1,363 1,133 2,212 2,253 2,140 1,937 1,900 1,909 2,195 2,460 1,779 1,639 1,800 1,331 1,236 1,476 1,651 1,777
Diluted shares 701m 669m 634m 607m 560m 537m 517m 494m 468m 454m 431m 415m 409m 388m 372m 341m 328m 318m
Returned to shareholders
Dividends 41 165 194 254 277 265 317 312 326 342 341 370 382 364 349 322 309 303
Buybacks 400 581 804 767 400 495 511 502 503 412 553 240 410 370 308 186 235 142
Total returned 441 747 998 1,021 677 761 828 814 828 754 893 610 792 734 657 508 544 445

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $920m of cash against $2.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 274% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 773% to 274% over five years.
  • A year's operating cash flow covers at least 20% of debt $610m of operating cash flow against $2.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $642m against $149m of interest.

From Western Union Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$142M
Dividends (TTM)
$303M
Returned to shareholders
79%
of free cash flow
Buybacks, last 3 fiscal years
$729M
Diluted share count
−5.6%
year over year
Total shareholder yield
22.7%
dividends 15.4% + buybacks 7.3% of market value
Dividend payout ratio
77%
of net income paid out
Sales & admin spending
19.2%
of revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated WU AFRM EEFT FOUR CPAY WEX Median
Revenue, last 12 months $4.0bn $4.3bn $4.4bn $4.8bn $5.0bn $2.9bn $1.6bn
Revenue growth, last 12 months −1.6% 32.2% 5.8% 32.4% 20.4% 9.7% 9.3%
Revenue growth, 3-year average −2.7% 39.0% 7.5% 28.2% 11.5% 4.8% 7.9%
Revenue growth, latest quarter −1.3% 33.0% 3.2% 34.1% 21.5% 12.8% 14.0%
Gross margin 35.1% — 41.4% 20.1% — 60.4% 45.0%
Operating margin 15.9% 9.8% 11.5% 8.1% 43.7% 26.6% 9.8%
Operating margin, 3-year average 17.0% −6.5% 12.2% 7.0% 44.3% 25.8% 11.1%
Net margin 9.8% 45.3% 6.6% 2.2% 22.7% 14.0% 6.1%
Cash from operations / revenue 15.1% 28.9% 9.2% 12.4% 36.8% −4.3% 18.4%
Free-cash-flow margin 14.0% 23.3% 6.1% 12.0% 32.6% −12.8% 16.1%
Free-cash-flow margin, 3-year average 12.7% 18.2% 11.4% 13.1% 41.4% 9.5% 16.3%
Stock pay / revenue 1.0% 7.2% 1.4% 1.8% 2.3% 4.5% 2.2%
Change in share count −5.6% 2.3% 1.8% — −3.3% −6.1% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth -1.6% 9.7% 26 of 30
Change in growth rate Growth +0.6pp -0.3pp 11 of 30
Gross margin Profitability 35.1% 51.7% 9 of 11
Operating margin Profitability 15.9% 9.8% 11 of 29
Net margin Profitability 9.8% 6.6% 13 of 30
Free-cash-flow margin Cash generation 14.0% 18.4% 16 of 25
Stock pay as % of revenue Cash generation 1.0% 2.3% 3 of 30
Long-term debt as % of assets Balance sheet 31.5% 25.3% 11 of 19
Change in share count Balance sheet -5.6% -1.7% 8 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Consumer Money Transfers $3.4B ▼ 7.6%
Consumer Services $473M ▲ 38.5%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue YoY
Outside the US $2.6B ▼ 0.9%
North America Member $1.4B ▼ 10.2%
United States $1.4B ▼ 8.7%
Europe and Cis $1.1B ▲ 13.2%
Latin America and Caribbean $571M ▲ 2.4%
Middle East Africa and South Asia $544M ▼ 18.3%
Asia Pacific $196M ▼ 3.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From Western Union Co's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.3B
Institutions reporting
478
Shares held vs prior quarter
▼ 2.7%
Positions opened / closed
75 / 101

Top buyers and sellers, Q2 2026: 209 institutions bought and 288 sold ; the biggest buyer was Blackrock, Inc (+6.5M shares) and the biggest seller Ranmore Fund Management Ltd (−5.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $242M 31.4M 10.5% ▲ 26.2%
Vanguard Portfolio Management LLC $138M 17.9M 6.0% ▼ 1.0%
Schroder Investment Management Group $134M 17.3M 5.8% ▲ 3.2%
Capital Research Global Investors $113M 14.7M 4.9% ▲ 0.2%
Vanguard Capital Management LLC $108M 14.0M 4.7% ▼ 1.2%
State Street Corp $87.1M 11.3M 3.8% ▲ 0.3%
Charles Schwab Investment Management Inc $86.6M 11.2M 3.7% ▲ 2.6%
LSV Asset Management $84.5M 11.0M 3.7% ▲ 9.6%
Allianz Asset Management Gmbh $81M 10.4M 3.5% ▲ 0.5%
AQR Capital Management LLC $76.7M 10.1M 3.3% ▼ 5.5%
Geode Capital Management, LLC $63.6M 8.3M 2.8% ▲ 3.3%
Dimensional Fund Advisors LP $59.1M 7.7M 2.6% ▼ 2.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Western Union Co's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $89,500 1 trade by 1 insider, last 12 months Insider sales History → $240,863 4 trades by 2 insiders · 0% under pre-set plans
Net ▼ $151,363 net selling
Insider Date Trade Shares Price Value
Adams Benjamin Carlton Chief Legal Officer May 1, 2026 Sell 3,184 $9.23 $29,388
Adams Benjamin Carlton Chief Legal Officer May 1, 2026 Sell 4,148 $9.22 $38,245
Adams Benjamin Carlton Chief Legal Officer May 1, 2026 Sell 12,592 $9.24 $116,350
Angelini Giovanni President Europe, Africa, MEPA April 28, 2026 Sell 6,000 $9.48 $56,880
Angelini Giovanni President Europe, Africa, MEPA November 10, 2025 Buy 10,000 $8.95 $89,500

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Western Union Co disclosed in the last 12 months; 6 earlier trades on record.

  • Kathy E. Manning(D-NC 6):Sale (full), $1,001 - $15,000, traded June 13, 2024, filed July 6, 2024
  • Peter Meijer(R-MI 3):Sale (full), $1,001 - $15,000, traded February 16, 2021, filed March 16, 2021
  • Lois Frankel(D-FL 21):Sale (partial), $1,001 - $15,000, traded May 9, 2019, filed May 21, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 30, 2026 estimated from the company's past filing pattern, not announced

  • July 30, 2026
  • April 24, 2026
  • February 20, 2026
  • October 23, 2025
  • July 28, 2025
  • April 23, 2025

Recent SEC filings

Data status

When each part of this page on Western Union Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Western Union Co in brief

What does Western Union Co do?
Western Union Co is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is Western Union Co's stock ticker?
Western Union Co trades under the ticker WU on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Western Union Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Western Union Co reported revenue of $4B, 1.6% lower than a year earlier, according to its SEC filings.
What is Western Union Co's free cash flow?
Western Union Co's free-cash-flow margin is 14.0% of revenue over the trailing twelve months, ranking 16 of the 25 transaction & payment processing services companies we cover.
Who are Western Union Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Schroder Investment Management Group. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Western Union Co buying back stock, and does it pay a dividend?
Western Union Co spent $142M on share repurchases over the trailing twelve months, and its diluted share count fell 5.6% over the year.
What is Western Union Co's market cap?
On November 2, 2026, Western Union Co's market capitalisation was about $2B, with a price-to-earnings ratio of 5.1 and net debt of $1.8B. Market figures come from third-party market data and may be delayed.
Does Western Union Co pay a dividend?
Yes: Western Union Co paid $303M in dividends over the trailing twelve months, a dividend yield of 15.43% and a payout ratio of 76.6%.
How much debt does Western Union Co have?
Western Union Co's debt-to-equity ratio is 274.4%, from its latest balance sheet (773.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Western Union Co's competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Western Union Co are Affirm Holdings, Inc., Euronet Worldwide, Inc., Shift4 Payments, Inc., Corpay and WEX Inc. The side-by-side comparison below sets their revenue, margins and growth against Western Union Co's.
Are insiders buying or selling Western Union Co stock?
Over the last 12 months, Western Union Co's directors and officers reported 1 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Western Union Co's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Western Union Co announces its own schedule.