Western Union (WU) Financials

$8.52 -0.03 (-0.29%)

Closing price 08/28/2025 03:59 PM Eastern

Extended Trading

$8.50 -0.03 (-0.29%)

As of 04:30 AM Eastern

Annual Income Statements for Western Union

This table shows Western Union's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	838	253	-557	852	1,058	744	806	911	626	934
Consolidated Net Income / (Loss)	838	253	-557	852	1,058	744	806	911	626	934
Net Income / (Loss) Continuing Operations	838	253	-557	852	1,058	744	806	911	626	934
Total Pre-Tax Income	942	342	348	991	1,321	855	935	1,009	746	619
Total Revenue	5,485	5,270	5,524	5,590	5,665	4,835	4,965	4,623	4,270	4,090
Net Interest Income / (Expense)	0.00	-153	0.00	0.00	-152	0.00	-106	-101	-105	-120
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	153	0.00	0.00	152	0.00	106	101	105	120
Long-Term Debt Interest Expense	-	153	-	-	152	-	106	101	105	120
Total Non-Interest Income	5,485	5,423	5,524	5,590	5,817	4,835	5,071	4,724	4,375	4,210
Net Realized & Unrealized Capital Gains on Investments	1.20	-	-	0.00	525	-	0.00	248	18	0.00
Other Non-Interest Income	5,484	5,423	5,524	5,590	5,292	4,835	5,071	4,476	4,357	4,210
Total Non-Interest Expense	4,374	4,936	5,049	4,468	4,358	3,868	4,058	3,591	3,540	3,484
Other Operating Expenses	4,374	4,936	4,585	4,468	4,358	3,868	4,058	3,591	3,540	3,484
Nonoperating Income / (Expense), net	-169	7.20	-128	-131	15	-112	28	-24	16	13
Income Tax Expense	104	89	905	140	263	111	130	98	120	-316
Basic Earnings per Share	$1.63	$0.52	($1.19)	$1.89	$2.47	$1.81	$1.98	$2.35	$1.69	$2.75
Weighted Average Basic Shares Outstanding	512.60M	490.20M	467.90M	451.80M	427.60M	412.30M	406.80M	387.20M	370.80M	340M
Diluted Earnings per Share	$1.62	$0.51	($1.19)	$1.87	$2.46	$1.79	$1.97	$2.34	$1.68	$2.74
Weighted Average Diluted Shares Outstanding	516.70M	493.50M	467.90M	454.40M	430.90M	415.20M	408.90M	388.40M	371.80M	341.10M
Weighted Average Basic & Diluted Shares Outstanding	514M	486.90M	468.20M	450.70M	413.12M	410.92M	393.53M	373.65M	342.20M	337.93M
Cash Dividends to Common per Share	$0.62	$0.64	$0.70	$0.76	$0.80	$0.90	$0.94	$0.94	$0.94	$0.94

This table shows Western Union's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	174	249	152	176	171	127	143	141	265	386	124
Consolidated Net Income / (Loss)	174	249	152	176	171	127	143	141	265	386	124
Net Income / (Loss) Continuing Operations	174	249	152	176	171	127	143	141	265	386	124
Total Pre-Tax Income	194	217	181	216	204	144	170	165	136	148	147
Total Revenue	1,064	1,163	1,037	1,143	1,089	1,001	1,023	1,035	1,004	1,028	951
Net Interest Income / (Expense)	-25	-26	0.00	-27	-27	-51	-26	-31	-32	-30	-33
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	25	26	0.00	27	27	51	26	31	32	30	33
Long-Term Debt Interest Expense	25	26	-	27	27	-	26	31	32	30	33
Total Non-Interest Income	1,090	1,189	1,037	1,170	1,116	1,052	1,049	1,066	1,036	1,058	984
Net Realized & Unrealized Capital Gains on Investments	0.00	97	-	-	18	-	-	-	0.00	-	0.00
Other Non-Interest Income	1,090	1,092	1,037	1,170	1,098	1,052	1,049	1,066	1,036	1,058	984
Total Non-Interest Expense	858	940	832	927	887	893	857	876	871	880	806
Other Operating Expenses	858	940	832	927	887	893	857	876	871	880	806
Nonoperating Income / (Expense), net	-13	-5.80	-24	0.80	2.40	36	4.00	5.60	3.00	-	2.50
Income Tax Expense	20	-33	29	40	33	17	27	24	-129	-238	24
Basic Earnings per Share	$0.45	$0.65	$0.41	$0.47	$0.46	$0.35	$0.41	$0.42	$0.78	$1.14	$0.37
Weighted Average Basic Shares Outstanding	386.50M	387.20M	374.40M	375M	373.90M	370.80M	344.40M	338.60M	338.30M	340M	337.70M
Diluted Earnings per Share	$0.45	$0.65	$0.40	$0.47	$0.46	$0.35	$0.41	$0.41	$0.78	$1.14	$0.36
Weighted Average Diluted Shares Outstanding	387.60M	388.40M	375.50M	375.60M	375M	371.80M	345.70M	339.60M	339.50M	341.10M	339.20M
Weighted Average Basic & Diluted Shares Outstanding	386.17M	373.65M	374.47M	374.53M	364.36M	342.20M	338.34M	337.78M	337.80M	337.93M	330.53M
Cash Dividends to Common per Share	$0.24	-	$0.24	$0.24	$0.24	-	$0.24	$0.24	$0.24	-	$0.24

This table details how cash moves in and out of Western Union's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-467	-438	-33	135	-403	318	-32	-70	-255	321
Net Cash From Operating Activities	1,071	1,042	742	821	915	878	1,045	582	783	406
Net Cash From Continuing Operating Activities	1,071	1,042	742	821	915	878	1,045	582	783	406
Net Income / (Loss) Continuing Operations	838	253	-557	852	1,058	744	806	911	626	934
Consolidated Net Income / (Loss)	838	253	-557	852	1,058	744	806	911	626	934
Depreciation Expense	68	74	77	77	80	61	50	43	39	37
Amortization Expense	203	189	186	188	178	164	159	141	145	142
Non-Cash Adjustments to Reconcile Net Income	24	-76	658	51	-438	160	209	-166	85	-125
Changes in Operating Assets and Liabilities, net	-61	601	379	-346	37	-252	-178	-347	-111	-582
Net Cash From Investing Activities	-286	-271	-205	-329	167	-374	192	526	-141	-16
Net Cash From Continuing Investing Activities	-286	-271	-205	-329	167	-374	192	526	-141	-16
Purchase of Property, Leasehold Improvements and Equipment	-144	-123	-102	-189	-81	-88	-107	-136	-111	-119
Purchase of Investment Securities	-120	-104	-335	-27	-5,818	-6,427	-629	-1,543	-499	-412
Divestitures	-	-	-	0.00	712	0.00	0.00	887	0.00	0.00
Sale and/or Maturity of Investments	100	63	232	37	5,401	6,210	1,036	1,389	506	526
Other Investing Activities, net	-123	-107	-	-150	-47	-69	-108	-72	-36	-12
Net Cash From Financing Activities	-1,252	-1,209	-571	-357	-1,484	-186	-1,270	-1,177	-897	-69
Net Cash From Continuing Financing Activities	-1,252	-1,209	-571	-357	-1,484	-186	-1,270	-1,177	-897	-69
Issuance of Debt	0.00	575	746	810	616	-165	1,087	-95	185	433
Repayment of Debt	-500	-1,005	-500	-424	-825	0.00	-1,164	-300	-300	0.00
Repurchase of Common Equity	-511	-502	-503	-412	-553	-240	-410	-370	-308	-186
Payment of Dividends	-317	-312	-326	-342	-341	-370	-382	-364	-349	-322
Other Financing Activities, Net	76	35	12	10	-382	589	-400	-48	-124	5.20
Cash Interest Paid	162	159	128	143	151	110	102	97	102	114
Cash Income Taxes Paid	93	68	-12	339	319	187	186	280	197	325

This table details how cash moves in and out of Western Union's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	188	-69	-38	-373	18	138	-245	-55	-58	679	-660
Net Cash From Operating Activities	216	59	137	127	255	265	94	-34	212	134	148
Net Cash From Continuing Operating Activities	216	59	137	127	255	265	94	-34	212	134	148
Net Income / (Loss) Continuing Operations	174	249	152	176	171	127	143	141	265	386	124
Consolidated Net Income / (Loss)	174	249	152	176	171	127	143	141	265	386	124
Depreciation Expense	9.20	11	10	9.90	9.80	9.20	9.20	9.50	8.90	9.80	9.50
Amortization Expense	36	35	36	36	36	36	37	37	34	34	32
Non-Cash Adjustments to Reconcile Net Income	21	-64	19	16	11	38	20	30	39	-215	34
Changes in Operating Assets and Liabilities, net	-24	-172	-80	-112	27	54	-115	-251	-135	-81	-51
Net Cash From Investing Activities	74	159	-36	-29	-11	-64	-6.30	-62	-66	118	-111
Net Cash From Continuing Investing Activities	74	159	-36	-29	-11	-64	-6.30	-62	-66	118	-111
Purchase of Property, Leasehold Improvements and Equipment	-31	-47	-26	-31	-26	-29	-33	-27	-23	-37	-23
Purchase of Investment Securities	-164	-484	-124	-73	-184	-119	-155	-118	-89	-51	-128
Sale and/or Maturity of Investments	301	713	145	77	199	86	184	85	50	207	41
Other Investing Activities, net	-32	-14	-31	-1.90	-1.40	-2.10	-2.40	-2.80	-4.50	-2.10	-1.60
Net Cash From Financing Activities	-102	-287	-139	-471	-226	-62	-333	41	-204	428	-697
Net Cash From Continuing Financing Activities	-102	-287	-139	-471	-226	-62	-333	41	-204	428	-697
Issuance of Debt	-85	5.00	-155	650	-505	195	35	95	-50	353	350
Repayment of Debt	-	-	0.00	-300	-	-	0.00	-	-	-	-500
Repurchase of Common Equity	-7.60	-177	-5.10	-0.90	-91	-211	-151	-30	-1.70	-3.70	-77
Payment of Dividends	-91	-89	-88	-91	-87	-83	-81	-82	-80	-80	-82
Other Financing Activities, Net	81	-27	109	-729	458	38	-137	58	-73	158	-388
Cash Interest Paid	17	32	17	34	22	29	21	34	27	31	24
Cash Income Taxes Paid	32	99	13	149	14	21	17	246	59	3.20	14

This table presents Western Union's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	9,449	9,420	9,231	8,997	8,759	9,496	8,824	8,496	8,199	8,371
Cash and Due from Banks	1,316	878	838	973	1,451	1,428	1,208	1,286	1,269	1,474
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	232	221	214	270	187	150	129	110	91	84
Goodwill	3,164	3,162	2,728	2,725	2,567	2,567	2,035	2,035	2,035	2,060
Intangible Assets	705	664	586	598	495	505	417	458	380	315
Other Assets	4,033	4,495	4,865	4,430	4,060	4,846	5,034	4,608	4,424	4,437
Total Liabilities & Shareholders' Equity	9,449	9,420	9,231	8,997	8,759	9,496	8,824	8,496	8,199	8,371
Total Liabilities	8,044	8,517	9,723	9,307	8,798	9,310	8,468	8,019	7,720	7,402
Other Short-Term Payables	607	1,130	719	565	602	501	450	464	453	408
Long-Term Debt	3,216	2,786	3,034	3,434	3,229	3,067	3,008	2,617	2,505	2,941
Other Long-Term Liabilities	4,222	4,602	5,971	5,308	4,967	5,742	5,009	4,938	4,762	4,053
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,405	902	-491	-310	-40	187	356	478	479	969
Total Preferred & Common Equity	1,405	902	-491	-310	-40	187	356	478	479	969
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,405	902	-491	-310	-40	187	356	478	479	969
Common Stock	572	646	702	760	845	889	945	1,000	1,035	1,074
Retained Earnings	977	419	-966	-839	-676	-543	-537	-354	-389	35
Accumulated Other Comprehensive Income / (Loss)	-144	-163	-228	-231	-209	-160	-52	-168	-167	-141

This table presents Western Union's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	8,901	8,234	8,487	7,914	8,053	7,971	7,676	8,338
Cash and Due from Banks	1,176	1,229	1,586	1,138	1,107	1,033	1,098	1,289
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	112	103	96	91	89	83	87	77
Goodwill	2,035	2,035	2,035	2,035	2,050	2,056	2,061	2,060
Intangible Assets	466	440	430	407	369	347	331	300
Other Assets	5,112	4,427	4,340	4,243	4,440	4,452	4,099	4,612
Total Liabilities & Shareholders' Equity	8,901	8,234	8,487	7,914	8,053	7,971	7,676	8,338
Total Liabilities	8,373	7,681	7,861	7,300	7,655	7,531	7,023	7,399
Other Short-Term Payables	436	409	418	433	393	377	426	376
Long-Term Debt	2,611	2,463	2,813	2,309	2,540	2,636	2,587	2,791
Other Long-Term Liabilities	5,326	4,809	4,630	4,558	4,722	4,518	4,010	4,231
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	528	553	627	614	398	441	653	939
Total Preferred & Common Equity	528	553	627	614	398	441	653	939
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	528	553	627	614	398	441	653	939
Common Stock	987	1,008	1,017	1,027	1,044	1,054	1,064	1,085
Retained Earnings	-337	-297	-210	-229	-485	-451	-270	-3.40
Accumulated Other Comprehensive Income / (Loss)	-121	-158	-180	-184	-161	-162	-142	-142

This table displays calculated financial ratios and metrics derived from Western Union's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.04%	-3.91%	4.82%	1.19%	1.34%	-14.65%	2.69%	-6.90%	-7.64%	-4.21%
EBITDA Growth	11.93%	-56.71%	23.59%	87.74%	12.80%	-23.74%	-6.45%	8.96%	-24.85%	-14.08%
EBIT Growth	15.48%	-69.88%	42.24%	135.83%	16.44%	-25.97%	-6.15%	13.70%	-29.26%	-17.01%
NOPAT Growth	16.69%	-74.91%	-407.74%	226.41%	8.53%	-19.54%	-7.12%	19.17%	-34.23%	49.32%
Net Income Growth	-1.71%	-69.78%	-320.02%	252.92%	24.23%	-29.67%	8.26%	13.01%	-31.25%	49.23%
EPS Growth	1.89%	-68.52%	-333.33%	257.14%	31.55%	-27.24%	10.06%	18.78%	-28.21%	63.10%
Operating Cash Flow Growth	2.41%	-2.73%	-28.78%	10.69%	11.36%	-4.06%	19.12%	-44.36%	34.65%	-48.12%
Free Cash Flow Firm Growth	21.37%	-14.96%	-67.53%	-0.21%	156.35%	-20.66%	-13.64%	78.81%	-39.74%	-101.51%
Invested Capital Growth	-7.97%	-20.18%	-31.07%	22.88%	2.11%	2.01%	3.39%	-8.01%	-3.59%	31.04%
Revenue Q/Q Growth	2.64%	-3.05%	3.81%	-2.46%	-3.53%	1.63%	-0.26%	-2.04%	-3.65%	-1.46%
EBITDA Q/Q Growth	14.63%	-55.76%	35.82%	43.68%	-9.26%	9.46%	-4.62%	3.36%	-11.22%	-5.91%
EBIT Q/Q Growth	18.92%	-69.15%	69.02%	59.53%	-10.78%	13.36%	-4.81%	4.15%	-13.53%	-7.28%
NOPAT Q/Q Growth	17.50%	-74.45%	-487.25%	233.12%	-14.45%	19.88%	-3.96%	10.23%	-20.66%	27.48%
Net Income Q/Q Growth	-1.09%	-69.14%	-366.81%	277.07%	-6.76%	5.94%	-1.02%	9.71%	-16.35%	38.30%
EPS Q/Q Growth	0.00%	-69.09%	-353.19%	288.89%	-5.75%	5.92%	-0.51%	10.90%	-15.15%	40.51%
Operating Cash Flow Q/Q Growth	-0.34%	-4.31%	15.38%	-1.92%	-5.53%	5.10%	6.89%	-34.04%	35.53%	-24.31%
Free Cash Flow Firm Q/Q Growth	53.59%	-0.71%	-32.35%	-40.12%	12.11%	-5.94%	-3.57%	29.54%	-26.81%	-102.72%
Invested Capital Q/Q Growth	-4.35%	-20.04%	-40.08%	8.48%	-1.19%	4.84%	4.43%	-1.42%	2.08%	20.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	25.17%	11.34%	13.37%	24.81%	27.61%	24.67%	22.48%	26.30%	21.40%	19.20%
EBIT Margin	20.25%	6.35%	8.61%	20.07%	23.07%	20.01%	18.28%	22.33%	17.10%	14.82%
Profit (Net Income) Margin	15.27%	4.80%	-10.08%	15.24%	18.68%	15.39%	16.23%	19.70%	14.66%	22.84%
Tax Burden Percent	88.96%	74.10%	-160.32%	85.93%	80.09%	87.04%	86.15%	90.28%	83.94%	151.02%
Interest Burden Percent	84.80%	102.15%	73.03%	88.35%	101.13%	88.40%	103.04%	97.71%	102.14%	102.08%
Effective Tax Rate	11.04%	25.90%	260.32%	14.07%	19.91%	12.96%	13.86%	9.72%	16.06%	-51.02%
Return on Invested Capital (ROIC)	20.49%	5.97%	-24.49%	34.03%	33.15%	26.13%	23.63%	28.86%	20.17%	26.55%
ROIC Less NNEP Spread (ROIC-NNEP)	16.16%	6.14%	-17.42%	30.56%	33.50%	23.03%	24.42%	28.10%	20.68%	27.25%
Return on Net Nonoperating Assets (RNNOA)	41.44%	15.98%	-246.74%	-246.69%	-639.10%	985.83%	273.60%	189.67%	110.69%	102.49%
Return on Equity (ROE)	61.94%	21.95%	-271.23%	-212.66%	-605.95%	1,011.96%	297.23%	218.53%	130.85%	129.04%
Cash Return on Invested Capital (CROIC)	28.79%	28.41%	12.30%	13.50%	31.06%	24.15%	20.30%	37.20%	23.82%	-0.32%
Operating Return on Assets (OROA)	11.49%	3.55%	5.10%	12.31%	14.72%	10.60%	9.91%	11.92%	8.75%	7.31%
Return on Assets (ROA)	8.66%	2.68%	-5.97%	9.35%	11.92%	8.15%	8.80%	10.52%	7.50%	11.28%
Return on Common Equity (ROCE)	61.94%	21.95%	-271.23%	-212.66%	-605.95%	1,011.96%	297.23%	218.53%	130.85%	129.04%
Return on Equity Simple (ROE_SIMPLE)	59.63%	28.06%	113.37%	-274.98%	-2,679.24%	398.87%	226.60%	190.58%	130.69%	96.42%
Net Operating Profit after Tax (NOPAT)	988	248	-763	964	1,046	842	782	932	613	915
NOPAT Margin	18.01%	4.70%	-13.81%	17.25%	18.47%	17.41%	15.75%	20.16%	14.35%	22.38%
Net Nonoperating Expense Percent (NNEP)	4.33%	-0.18%	-7.07%	3.47%	-0.36%	3.10%	-0.78%	0.76%	-0.51%	-0.70%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.75%	93.65%	91.39%	79.93%	76.93%	79.99%	81.72%	77.67%	82.90%	85.18%
Earnings before Interest and Taxes (EBIT)	1,111	335	476	1,122	1,307	967	908	1,032	730	606
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,381	598	739	1,387	1,564	1,193	1,116	1,216	914	785
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.29	8.04	0.00	0.00	0.00	38.74	16.87	9.49	8.38	3.70
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.10	1.38	1.13	1.00	1.53	1.50	1.21	0.98	0.94	0.88
Price to Earnings (P/E)	7.20	28.65	0.00	6.58	8.17	9.71	7.45	4.98	6.41	3.83
Dividend Yield	5.19%	4.28%	5.16%	6.00%	3.88%	5.12%	6.30%	8.00%	8.53%	8.87%
Earnings Yield	13.89%	3.49%	0.00%	15.20%	12.24%	10.30%	13.43%	20.08%	15.59%	26.09%
Enterprise Value to Invested Capital (EV/IC)	1.72	2.48	3.32	2.58	3.27	2.73	2.32	1.90	1.76	1.29
Enterprise Value to Revenue (EV/Rev)	1.45	1.74	1.53	1.44	1.84	1.83	1.57	1.27	1.23	1.23
Enterprise Value to EBITDA (EV/EBITDA)	5.75	15.33	11.41	5.82	6.66	7.43	6.99	4.82	5.75	6.43
Enterprise Value to EBIT (EV/EBIT)	7.14	27.39	17.72	7.19	7.98	9.17	8.59	5.68	7.19	8.33
Enterprise Value to NOPAT (EV/NOPAT)	8.03	36.97	0.00	8.37	9.96	10.53	9.97	6.30	8.57	5.52
Enterprise Value to Operating Cash Flow (EV/OCF)	7.41	8.79	11.36	9.82	11.40	10.11	7.46	10.09	6.70	12.42
Enterprise Value to Free Cash Flow (EV/FCFF)	5.72	7.76	21.99	21.09	10.63	11.40	11.61	4.88	7.25	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.29	3.09	-6.17	-11.08	-81.75	16.44	8.46	5.48	5.23	3.04
Long-Term Debt to Equity	2.29	3.09	-6.17	-11.08	-81.75	16.44	8.46	5.48	5.23	3.04
Financial Leverage	2.56	2.60	14.17	-8.07	-19.08	42.80	11.21	6.75	5.35	3.76
Leverage Ratio	7.15	8.18	45.40	-22.75	-50.83	124.10	33.79	20.78	17.45	11.44
Compound Leverage Factor	6.06	8.35	33.16	-20.10	-51.41	109.70	34.82	20.31	17.82	11.68
Debt to Total Capital	69.60%	75.54%	119.33%	109.92%	101.24%	94.27%	89.43%	84.56%	83.95%	75.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	69.60%	75.54%	119.33%	109.92%	101.24%	94.27%	89.43%	84.56%	83.95%	75.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.40%	24.46%	-19.33%	-9.92%	-1.24%	5.73%	10.57%	15.44%	16.05%	24.78%
Debt to EBITDA	2.33	4.66	4.11	2.48	2.06	2.57	2.70	2.15	2.74	3.75
Net Debt to EBITDA	1.38	3.19	2.97	1.77	1.14	1.37	1.61	1.09	1.35	1.87
Long-Term Debt to EBITDA	2.33	4.66	4.11	2.48	2.06	2.57	2.70	2.15	2.74	3.75
Debt to NOPAT	3.26	11.24	-3.98	3.56	3.09	3.64	3.85	2.81	4.09	3.21
Net Debt to NOPAT	1.92	7.70	-2.88	2.55	1.70	1.95	2.30	1.43	2.02	1.60
Long-Term Debt to NOPAT	3.26	11.24	-3.98	3.56	3.09	3.64	3.85	2.81	4.09	3.21
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,388	1,180	383	383	981	778	672	1,201	724	-11
Operating Cash Flow to CapEx	745.37%	850.53%	725.32%	435.24%	1,127.74%	1,000.57%	976.00%	426.71%	702.96%	342.00%
Free Cash Flow to Firm to Interest Expense	0.00	7.74	0.00	0.00	6.45	0.00	6.37	11.89	6.87	-0.09
Operating Cash Flow to Interest Expense	0.00	6.83	0.00	0.00	6.02	0.00	9.91	5.76	7.44	3.39
Operating Cash Flow Less CapEx to Interest Expense	0.00	6.03	0.00	0.00	5.48	0.00	8.89	4.41	6.38	2.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.56	0.59	0.61	0.64	0.53	0.54	0.53	0.51	0.49
Fixed Asset Turnover	25.03	23.30	25.42	23.07	24.77	28.67	35.49	38.68	42.48	46.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,621	3,688	2,542	3,124	3,190	3,254	3,364	3,095	2,984	3,910
Invested Capital Turnover	1.14	1.27	1.77	1.97	1.79	1.50	1.50	1.43	1.40	1.19
Increase / (Decrease) in Invested Capital	-400	-933	-1,146	582	66	64	110	-269	-111	926
Enterprise Value (EV)	7,934	9,162	8,430	8,067	10,423	8,868	7,800	5,866	5,250	5,047
Market Capitalization	6,034	7,254	6,234	5,606	8,644	7,229	6,000	4,535	4,014	3,581
Book Value per Share	$2.78	$1.86	($1.07)	($0.70)	($0.09)	$0.45	$0.88	$1.24	$1.31	$2.87
Tangible Book Value per Share	($4.88)	($6.03)	($8.29)	($8.20)	($7.40)	($7.02)	($5.21)	($5.22)	($5.31)	($4.16)
Total Capital	4,621	3,688	2,542	3,124	3,190	3,254	3,364	3,095	2,984	3,910
Total Debt	3,216	2,786	3,034	3,434	3,229	3,067	3,008	2,617	2,505	2,941
Total Long-Term Debt	3,216	2,786	3,034	3,434	3,229	3,067	3,008	2,617	2,505	2,941
Net Debt	1,900	1,909	2,195	2,460	1,779	1,639	1,800	1,331	1,236	1,467
Capital Expenditures (CapEx)	144	123	102	189	81	88	107	136	111	119
Net Nonoperating Expense (NNE)	150	-5.34	-206	112	-12	98	-24	21	-13	-19
Net Nonoperating Obligations (NNO)	3,216	2,786	3,034	3,434	3,229	3,067	3,008	2,617	2,505	2,941
Total Depreciation and Amortization (D&A)	270	263	263	265	258	226	208	184	184	179
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.47	$1.81	$1.98	$2.35	$1.69	$2.75
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	427.60M	412.30M	406.80M	387.20M	370.80M	340M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.46	$1.79	$1.97	$2.34	$1.68	$2.74
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	430.90M	415.20M	408.90M	388.40M	371.80M	341.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.47	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	413.12M	410.92M	393.53M	373.65M	342.20M	337.93M
Normalized Net Operating Profit after Tax (NOPAT)	988	248	658	964	1,046	842	782	932	613	424
Normalized NOPAT Margin	18.01%	4.70%	11.91%	17.25%	18.47%	17.41%	15.75%	20.16%	14.35%	10.37%
Pre Tax Income Margin	17.17%	6.48%	6.29%	17.74%	23.33%	17.69%	18.84%	21.82%	17.47%	15.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	2.19	0.00	0.00	8.60	0.00	8.60	10.22	6.93	5.06
NOPAT to Interest Expense	0.00	1.63	0.00	0.00	6.88	0.00	7.41	9.23	5.82	7.64
EBIT Less CapEx to Interest Expense	0.00	1.39	0.00	0.00	8.06	0.00	7.59	8.87	5.88	4.07
NOPAT Less CapEx to Interest Expense	0.00	0.82	0.00	0.00	6.35	0.00	6.40	7.88	4.76	6.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.78%	123.30%	-58.45%	40.11%	32.20%	49.75%	47.36%	40.00%	55.75%	34.41%
Augmented Payout Ratio	98.81%	321.41%	-148.70%	88.52%	84.42%	81.96%	98.23%	80.62%	105.02%	54.35%

This table displays calculated financial ratios and metrics derived from Western Union's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.56%	-7.66%	-19.14%	2.65%	2.29%	-13.90%	-1.34%	-9.42%	-7.81%	2.68%	-7.04%
EBITDA Growth	-26.96%	17.24%	-38.84%	-8.28%	-1.39%	-43.00%	-15.40%	-21.34%	-29.12%	24.82%	-12.18%
EBIT Growth	-29.46%	22.68%	-43.78%	-9.87%	-2.27%	-51.42%	-18.91%	-25.97%	-34.27%	36.76%	-12.77%
NOPAT Growth	-20.67%	51.46%	-41.77%	-10.65%	-8.89%	-62.83%	-18.83%	-22.40%	53.23%	305.22%	-12.87%
Net Income Growth	-25.27%	47.75%	-48.24%	-9.18%	-1.67%	-49.08%	-5.99%	-19.98%	54.85%	203.70%	-13.45%
EPS Growth	-21.05%	54.76%	-45.95%	-6.00%	2.22%	-46.15%	2.50%	-12.77%	69.57%	225.71%	-12.20%
Operating Cash Flow Growth	-35.93%	-83.52%	-31.35%	18.63%	18.09%	346.79%	-31.54%	-126.68%	-16.69%	-49.34%	57.66%
Free Cash Flow Firm Growth	130.07%	792.46%	-94.93%	-135.82%	44.21%	-60.76%	398.30%	514.72%	-114.98%	-362.10%	-409.77%
Invested Capital Growth	-2.54%	-8.01%	4.44%	9.41%	-6.90%	-3.59%	-2.56%	-10.55%	10.84%	31.04%	26.97%
Revenue Q/Q Growth	-4.41%	9.23%	-10.81%	10.23%	-4.74%	-8.06%	-6.00%	1.20%	-3.04%	2.39%	-7.47%
EBITDA Q/Q Growth	-11.82%	6.84%	-6.44%	4.06%	-5.20%	-38.24%	-11.56%	-3.25%	-14.58%	8.76%	-2.30%
EBIT Q/Q Growth	-13.63%	7.60%	-7.92%	5.32%	-6.35%	-46.51%	-15.00%	-3.86%	-16.85%	11.30%	-1.96%
NOPAT Q/Q Growth	-5.59%	38.06%	-32.96%	2.26%	-3.74%	-43.68%	-19.05%	-2.24%	90.09%	48.95%	-68.52%
Net Income Q/Q Growth	-10.36%	43.42%	-39.13%	16.07%	-2.95%	-25.73%	12.36%	-1.19%	87.80%	45.66%	-67.98%
EPS Q/Q Growth	-10.00%	44.44%	-38.46%	17.50%	-2.13%	-23.91%	17.14%	0.00%	90.24%	46.15%	-68.42%
Operating Cash Flow Q/Q Growth	101.87%	-72.54%	131.93%	-7.72%	100.95%	3.89%	-64.46%	-135.96%	727.51%	-36.82%	10.60%
Free Cash Flow Firm Q/Q Growth	-20.41%	96.53%	-91.73%	-376.82%	420.39%	-46.53%	-23.48%	130.39%	-111.57%	-835.69%	-24.19%
Invested Capital Q/Q Growth	-0.14%	-1.42%	-2.56%	14.06%	-15.03%	2.08%	-1.52%	4.71%	5.29%	20.69%	-4.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	23.62%	23.10%	24.24%	22.88%	22.77%	15.29%	20.78%	19.87%	17.50%	18.59%	19.63%
EBIT Margin	19.41%	19.12%	19.74%	18.86%	18.54%	10.79%	16.23%	15.42%	13.22%	14.37%	15.23%
Profit (Net Income) Margin	16.34%	21.45%	14.64%	15.42%	15.71%	12.69%	13.95%	13.62%	26.38%	37.53%	12.99%
Tax Burden Percent	89.78%	115.20%	83.87%	81.42%	83.70%	88.13%	83.94%	85.35%	195.14%	261.14%	83.84%
Interest Burden Percent	93.76%	97.39%	88.42%	100.37%	101.19%	133.43%	102.41%	103.51%	102.26%	100.00%	101.73%
Effective Tax Rate	10.22%	-15.20%	16.13%	18.58%	16.30%	11.87%	16.06%	14.65%	-95.14%	-161.14%	16.16%
Return on Invested Capital (ROIC)	25.86%	31.53%	24.56%	20.56%	22.69%	13.36%	19.87%	17.10%	34.75%	44.53%	15.38%
ROIC Less NNEP Spread (ROIC-NNEP)	25.43%	31.29%	23.76%	20.59%	22.77%	14.60%	20.01%	17.28%	34.99%	44.53%	15.46%
Return on Net Nonoperating Assets (RNNOA)	154.94%	211.22%	131.11%	105.51%	98.12%	78.16%	105.28%	88.22%	135.28%	167.47%	61.64%
Return on Equity (ROE)	180.80%	242.76%	155.67%	126.07%	120.81%	91.52%	125.16%	105.32%	170.03%	212.00%	77.02%
Cash Return on Invested Capital (CROIC)	29.16%	37.20%	23.15%	15.01%	32.63%	23.82%	24.56%	30.02%	13.02%	-0.32%	3.16%
Operating Return on Assets (OROA)	10.31%	10.21%	10.34%	9.62%	9.77%	5.52%	8.65%	7.93%	7.04%	7.09%	7.46%
Return on Assets (ROA)	8.68%	11.45%	7.66%	7.87%	8.28%	6.49%	7.44%	7.01%	14.05%	18.53%	6.37%
Return on Common Equity (ROCE)	180.80%	242.76%	155.67%	126.07%	120.81%	91.52%	125.16%	105.32%	170.03%	212.00%	77.02%
Return on Equity Simple (ROE_SIMPLE)	157.11%	0.00%	139.13%	119.92%	121.97%	0.00%	155.04%	131.96%	103.49%	0.00%	97.40%
Net Operating Profit after Tax (NOPAT)	185	256	172	176	169	95	139	136	259	386	121
NOPAT Margin	17.43%	22.03%	16.56%	15.36%	15.52%	9.51%	13.62%	13.16%	25.80%	37.53%	12.77%
Net Nonoperating Expense Percent (NNEP)	0.42%	0.24%	0.80%	-0.02%	-0.08%	-1.24%	-0.13%	-0.18%	-0.24%	0.00%	-0.08%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	80.59%	80.88%	80.26%	81.14%	81.46%	89.21%	83.77%	84.58%	86.78%	85.63%	84.77%
Earnings before Interest and Taxes (EBIT)	207	222	205	216	202	108	166	160	133	148	145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	251	269	251	262	248	153	213	206	176	191	187
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.62	9.49	6.85	6.51	7.46	8.38	12.56	9.38	6.17	3.70	3.81
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.97	0.98	0.87	0.93	1.03	0.94	1.15	0.98	0.97	0.88	0.89
Price to Earnings (P/E)	5.49	4.98	4.93	5.43	6.11	6.41	8.10	7.11	5.97	3.83	3.91
Dividend Yield	7.96%	8.00%	9.27%	8.64%	7.70%	8.53%	6.85%	7.69%	7.88%	8.87%	8.88%
Earnings Yield	18.23%	20.08%	20.30%	18.43%	16.36%	15.59%	12.34%	14.07%	16.76%	26.09%	25.59%
Enterprise Value to Invested Capital (EV/IC)	1.91	1.90	1.67	1.54	1.97	1.76	2.19	1.86	1.70	1.29	1.36
Enterprise Value to Revenue (EV/Rev)	1.27	1.27	1.15	1.20	1.30	1.23	1.48	1.35	1.33	1.23	1.26
Enterprise Value to EBITDA (EV/EBITDA)	5.09	4.82	4.76	5.13	5.58	5.75	6.68	6.33	6.61	6.43	6.69
Enterprise Value to EBIT (EV/EBIT)	6.04	5.68	5.76	6.25	6.80	7.19	8.26	7.94	8.44	8.33	8.68
Enterprise Value to NOPAT (EV/NOPAT)	7.08	6.30	6.19	6.71	7.44	8.57	9.84	9.33	7.69	5.52	5.65
Enterprise Value to Operating Cash Flow (EV/OCF)	6.79	10.09	9.68	9.84	9.94	6.70	8.69	9.90	10.28	12.42	11.03
Enterprise Value to Free Cash Flow (EV/FCFF)	6.46	4.88	7.35	10.73	5.81	7.25	8.80	5.87	13.76	0.00	48.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.94	5.48	4.46	4.49	3.76	5.23	6.38	5.98	3.96	3.04	2.97
Long-Term Debt to Equity	4.94	5.48	4.46	4.49	3.76	5.23	6.38	5.98	3.96	3.04	2.97
Financial Leverage	6.09	6.75	5.52	5.13	4.31	5.35	5.26	5.11	3.87	3.76	3.99
Leverage Ratio	19.82	20.78	18.47	16.07	14.73	17.45	17.13	15.42	12.31	11.44	12.26
Compound Leverage Factor	18.58	20.24	16.33	16.13	14.90	23.28	17.54	15.96	12.59	11.44	12.47
Debt to Total Capital	83.17%	84.56%	81.67%	81.79%	79.01%	83.95%	86.46%	85.67%	79.85%	75.22%	74.82%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	83.17%	84.56%	81.67%	81.79%	79.01%	83.95%	86.46%	85.67%	79.85%	75.22%	74.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	16.83%	15.44%	18.33%	18.21%	20.99%	16.05%	13.54%	14.33%	20.15%	24.78%	25.18%
Debt to EBITDA	2.22	2.15	2.33	2.72	2.24	2.74	2.64	2.91	3.10	3.75	3.68
Net Debt to EBITDA	1.22	1.09	1.17	1.19	1.14	1.35	1.49	1.77	1.78	1.87	1.98
Long-Term Debt to EBITDA	2.22	2.15	2.33	2.72	2.24	2.74	2.64	2.91	3.10	3.75	3.68
Debt to NOPAT	3.09	2.81	3.04	3.56	2.99	4.09	3.89	4.29	3.60	3.21	3.11
Net Debt to NOPAT	1.70	1.43	1.52	1.55	1.52	2.02	2.19	2.61	2.07	1.60	1.67
Long-Term Debt to NOPAT	3.09	2.81	3.04	3.56	2.99	4.09	3.89	4.29	3.60	3.21	3.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	267	525	43	-120	386	206	217	499	-58	-540	-671
Operating Cash Flow to CapEx	693.25%	125.42%	520.08%	411.36%	990.66%	928.07%	287.46%	-127.07%	930.26%	365.12%	650.00%
Free Cash Flow to Firm to Interest Expense	10.61	20.06	0.00	-4.46	14.28	4.02	8.30	16.05	-1.79	-17.78	-20.59
Operating Cash Flow to Interest Expense	8.56	2.26	0.00	4.69	9.43	5.16	3.60	-1.09	6.59	4.41	4.55
Operating Cash Flow Less CapEx to Interest Expense	7.32	0.46	0.00	3.55	8.48	4.60	2.35	-1.94	5.88	3.20	3.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.53	0.52	0.51	0.53	0.51	0.53	0.51	0.53	0.49	0.49
Fixed Asset Turnover	38.76	38.68	38.74	41.59	43.70	42.48	45.31	47.35	46.77	46.58	48.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,139	3,095	3,016	3,440	2,923	2,984	2,938	3,077	3,239	3,910	3,731
Invested Capital Turnover	1.48	1.43	1.48	1.34	1.46	1.40	1.46	1.30	1.35	1.19	1.21
Increase / (Decrease) in Invested Capital	-82	-269	128	296	-217	-111	-77	-363	317	926	793
Enterprise Value (EV)	5,989	5,866	5,023	5,303	5,746	5,250	6,431	5,737	5,519	5,047	5,078
Market Capitalization	4,554	4,535	3,789	4,076	4,575	4,014	4,998	4,134	4,030	3,581	3,575
Book Value per Share	$1.37	$1.24	$1.48	$1.67	$1.64	$1.31	$1.16	$1.30	$1.93	$2.87	$2.78
Tangible Book Value per Share	($5.11)	($5.22)	($5.14)	($4.91)	($4.88)	($5.31)	($5.87)	($5.80)	($5.15)	($4.16)	($4.20)
Total Capital	3,139	3,095	3,016	3,440	2,923	2,984	2,938	3,077	3,239	3,910	3,731
Total Debt	2,611	2,617	2,463	2,813	2,309	2,505	2,540	2,636	2,587	2,941	2,791
Total Long-Term Debt	2,611	2,617	2,463	2,813	2,309	2,505	2,540	2,636	2,587	2,941	2,791
Net Debt	1,435	1,331	1,234	1,227	1,171	1,236	1,434	1,603	1,489	1,467	1,502
Capital Expenditures (CapEx)	31	47	26	31	26	29	33	27	23	37	23
Net Nonoperating Expense (NNE)	12	6.68	20	-0.65	-2.01	-32	-3.36	-4.78	-5.85	0.00	-2.10
Net Nonoperating Obligations (NNO)	2,611	2,617	2,463	2,813	2,309	2,505	2,540	2,636	2,587	2,941	2,791
Total Depreciation and Amortization (D&A)	45	46	47	46	46	45	47	46	43	43	42
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.65	$0.41	$0.47	$0.46	$0.35	$0.41	$0.42	$0.78	$1.14	$0.37
Adjusted Weighted Average Basic Shares Outstanding	386.50M	387.20M	374.40M	375M	373.90M	370.80M	344.40M	338.60M	338.30M	340M	337.70M
Adjusted Diluted Earnings per Share	$0.45	$0.65	$0.40	$0.47	$0.46	$0.35	$0.41	$0.41	$0.78	$1.14	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	387.60M	388.40M	375.50M	375.60M	375M	371.80M	345.70M	339.60M	339.50M	341.10M	339.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	386.17M	373.65M	374.47M	374.53M	364.36M	342.20M	338.34M	337.78M	337.80M	337.93M	330.53M
Normalized Net Operating Profit after Tax (NOPAT)	185	156	172	176	169	95	139	136	93	103	121
Normalized NOPAT Margin	17.43%	13.38%	16.56%	15.36%	15.52%	9.51%	13.62%	13.16%	9.25%	10.06%	12.77%
Pre Tax Income Margin	18.20%	18.62%	17.46%	18.93%	18.76%	14.40%	16.62%	15.96%	13.52%	14.37%	15.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.20	8.48	0.00	7.99	7.48	2.11	6.36	5.13	4.12	4.86	4.44
NOPAT to Interest Expense	7.36	9.77	0.00	6.50	6.26	1.86	5.34	4.38	8.04	12.69	3.72
EBIT Less CapEx to Interest Expense	6.96	6.68	0.00	6.84	6.53	1.55	5.11	4.28	3.41	3.65	3.74
NOPAT Less CapEx to Interest Expense	6.13	7.97	0.00	5.36	5.31	1.30	4.09	3.52	7.33	11.48	3.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.39%	40.00%	46.87%	47.66%	47.39%	55.75%	55.34%	57.18%	48.10%	34.41%	35.33%
Augmented Payout Ratio	88.63%	80.62%	75.56%	73.01%	83.99%	105.02%	128.92%	140.24%	106.40%	54.35%	47.61%

Key Financial Trends

Western Union (NYSE: WU) has experienced various financial trends over the last several quarters ending Q1 2025. Here's a summary based on their quarterly financial statements, highlighting key positive, neutral, and negative factors:

Consistent profitability: Western Union reported net income continuing operations of $123.5 million in Q1 2025, maintaining profitability despite some quarter-to-quarter fluctuations.
Stable non-interest income: Other non-interest income remains strong, at $983.6 million in Q1 2025, reflecting ongoing core business strength outside of interest earnings.
Positive pre-tax income: Pre-tax income stands at $147.3 million in Q1 2025, close to Q4 2024 levels, showing operational profitability despite lower revenues than some previous quarters.
Operating cash flow generation: Net cash from operating activities amounted to $148.2 million in Q1 2025, indicating good cash generation from core operations.
Investment in property and equipment remains controlled: Capex was $22.8 million in Q1 2025, generally stable compared to recent quarters.
Stable share count and payouts: Weighted average diluted shares outstanding remained close to 330-340 million, while cash dividends per share held steady at $0.235, showing consistency in capital return policies.
Rising debt levels: Long-term debt rose from approximately $2.5 billion in early 2023 to $2.79 billion in Q1 2025, which bears monitoring for interest burden impact.
Equity base gradually improving: Total common equity increased from $553 million in Q1 2023 to $939 million in Q1 2025, reflecting accumulation of earnings offsetting some comprehensive losses.
Declining revenue trend: Total revenue decreased to $951 million in Q1 2025 from $1.03 billion in Q4 2024, showing some pressure on top-line growth.
Rising interest expense and net interest costs: Long-term debt interest expense rose to $32.6 million in Q1 2025 from about $26 million a year earlier, negatively impacting net interest income which is a net expense of $32.6 million in Q1 2025.
Heavy financing outflows: Net cash used in financing activities amounted to approximately $697 million in Q1 2025, driven by large debt repayments and equity repurchases.
Growing operating expenses: Other operating expenses climbed to $806 million in Q1 2025, limiting margin expansion prospects.

Summary: Western Union continues generating solid profitability and operating cash flow, supported by strong non-interest income. However, the company faces pressure from rising interest costs related to long-term debt, declining revenue, and significant outflows from financing activities. Equity levels are improving, but the increasing debt and operating expenses may constrain margin growth. Investors should watch these expense trends alongside Western Union’s ability to sustain core income streams to gauge future performance.

08/29/25 05:58 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Western Union's Financials

When does Western Union's fiscal year end?

According to the most recent income statement we have on file, Western Union's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Western Union's net income changed over the last 9 years?

Western Union's net income appears to be on an upward trend, with a most recent value of $934.20 million in 2024, rising from $837.80 million in 2015. The previous period was $626 million in 2023. View Western Union's forecast to see where analysts expect Western Union to go next.

How has Western Union's revenue changed over the last 9 years?

Over the last 9 years, Western Union's total revenue changed from $5.48 billion in 2015 to $4.09 billion in 2024, a change of -25.4%.

How much debt does Western Union have?

Western Union's total liabilities were at $7.40 billion at the end of 2024, a 4.1% decrease from 2023, and a 8.0% decrease since 2015.

How much cash does Western Union have?

In the past 9 years, Western Union's cash and equivalents has ranged from $838.20 million in 2017 to $1.47 billion in 2024, and is currently $1.47 billion as of their latest financial filing in 2024.

How has Western Union's book value per share changed over the last 9 years?

Over the last 9 years, Western Union's book value per share changed from 2.78 in 2015 to 2.87 in 2024, a change of 3.2%.

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This page (NYSE:WU) was last updated on 8/29/2025 by MarketBeat.com Staff

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Western Union (WU) Financials

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Western Union (WU) Financials

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