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Western Union (WU) Financials

Western Union logo
$8.38 +0.02 (+0.18%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$8.40 +0.02 (+0.18%)
As of 05/22/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Western Union

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 838 253 -557 852 1,058 744 806 911 626 934 500
Consolidated Net Income / (Loss)		 838 253 -557 852 1,058 744 806 911 626 934 500
Net Income / (Loss) Continuing Operations		 838 253 -557 852 1,058 744 806 911 626 934 500
Total Pre-Tax Income 		942 342 348 991 1,321 855 935 1,009 746 619 626
Total Revenue		 5,485 5,270 5,524 5,590 5,665 4,835 4,965 4,623 4,270 4,090 3,908
Net Interest Income / (Expense)		 0.00 -153 0.00 0.00 -152 0.00 -106 -101 -105 -120 -143
Total Interest Income		 0.00 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 0.00 106 101 105 120 143
Long-Term Debt Interest Expense		 - 153 - - 152 - 106 101 105 120 143
Total Non-Interest Income		 5,485 5,423 5,524 5,590 5,817 4,835 5,071 4,724 4,375 4,210 4,051
Net Realized & Unrealized Capital Gains on Investments		 1.20 - - 0.00 525 - 0.00 248 18 0.00 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 4,051
Total Non-Interest Expense		 4,374 4,936 5,049 4,468 4,358 3,868 4,058 3,591 3,540 3,484 3,293
Other Operating Expenses		 4,374 4,936 4,585 4,468 4,358 3,868 4,058 3,591 3,540 3,484 3,293
Nonoperating Income / (Expense), net		 -169 7.20 -128 -131 15 -112 28 -24 16 13 11
Income Tax Expense		 104 89 905 140 263 111 130 98 120 -316 126
Basic Earnings per Share		 $1.63 $0.52 ($1.19) $1.89 $2.47 $1.81 $1.98 $2.35 $1.69 $2.75 $1.53
Weighted Average Basic Shares Outstanding		 512.60M 490.20M 467.90M 451.80M 427.60M 412.30M 406.80M 387.20M 370.80M 340M 326.60M
Diluted Earnings per Share		 $1.62 $0.51 ($1.19) $1.87 $2.46 $1.79 $1.97 $2.34 $1.68 $2.74 $1.52
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 327.60M
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 313.45M
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 $0.94

Quarterly Income Statements for Western Union

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 171 127 143 141 265 386 124 122 140 114 65
Consolidated Net Income / (Loss)		 171 127 143 141 265 386 124 122 140 114 65
Net Income / (Loss) Continuing Operations		 171 127 143 141 265 386 124 122 140 114 65
Total Pre-Tax Income 		204 144 170 165 136 148 147 160 168 151 90
Total Revenue		 1,089 1,001 1,023 1,035 1,004 1,028 951 989 996 972 947
Net Interest Income / (Expense)		 -27 -51 -26 -31 -32 -30 -33 -37 -37 -37 -36
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 27 51 26 31 32 30 33 37 37 37 36
Long-Term Debt Interest Expense		 27 - 26 31 32 30 33 37 37 37 36
Total Non-Interest Income		 1,116 1,052 1,049 1,066 1,036 1,058 984 1,026 1,033 1,008 983
Net Realized & Unrealized Capital Gains on Investments		 18 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Other Non-Interest Income		 1,098 1,052 1,049 1,066 1,036 1,058 984 1,026 1,033 1,008 983
Total Non-Interest Expense		 887 893 857 876 871 880 806 833 831 823 860
Other Operating Expenses		 887 893 857 876 871 880 806 833 831 823 860
Nonoperating Income / (Expense), net		 2.40 36 4.00 5.60 3.00 - 2.50 3.70 2.70 2.50 3.30
Income Tax Expense		 33 17 27 24 -129 -238 24 38 28 37 25
Basic Earnings per Share		 $0.46 $0.35 $0.41 $0.42 $0.78 $1.14 $0.37 $0.37 $0.43 $0.36 $0.21
Weighted Average Basic Shares Outstanding		 373.90M 370.80M 344.40M 338.60M 338.30M 340M 337.70M 328.90M 322.10M 326.60M 314.80M
Diluted Earnings per Share		 $0.46 $0.35 $0.41 $0.41 $0.78 $1.14 $0.36 $0.37 $0.43 $0.36 $0.20
Weighted Average Diluted Shares Outstanding		 375M 371.80M 345.70M 339.60M 339.50M 341.10M 339.20M 329.60M 322.80M 327.60M 316.80M
Weighted Average Basic & Diluted Shares Outstanding		 364.36M 342.20M 338.34M 337.78M 337.80M 337.93M 330.53M 322.97M 317.84M 313.45M 312.44M
Cash Dividends to Common per Share		 $0.24 - $0.24 $0.24 $0.24 - $0.24 $0.24 $0.24 - $0.24

Annual Cash Flow Statements for Western Union

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -467 -438 -33 135 -403 318 -32 -70 -255 321 -469
Net Cash From Operating Activities		 1,071 1,042 742 821 915 878 1,045 582 783 406 544
Net Cash From Continuing Operating Activities		 1,071 1,042 742 821 915 878 1,045 582 783 406 544
Net Income / (Loss) Continuing Operations		 838 253 -557 852 1,058 744 806 911 626 934 500
Consolidated Net Income / (Loss)		 838 253 -557 852 1,058 744 806 911 626 934 500
Depreciation Expense		 68 74 77 77 80 61 50 43 39 37 35
Amortization Expense		 203 189 186 188 178 164 159 141 145 142 130
Non-Cash Adjustments to Reconcile Net Income		 24 -76 658 51 -438 160 209 -166 85 -125 160
Changes in Operating Assets and Liabilities, net		 -61 601 379 -346 37 -252 -178 -347 -111 -582 -281
Net Cash From Investing Activities		 -286 -271 -205 -329 167 -374 192 526 -141 -16 -230
Net Cash From Continuing Investing Activities		 -286 -271 -205 -329 167 -374 192 526 -141 -16 -230
Purchase of Property, Leasehold Improvements and Equipment		 -144 -123 -102 -189 -81 -88 -107 -136 -111 -119 -124
Purchase of Investment Securities		 -120 -104 -335 -27 -5,818 -6,427 -629 -1,543 -499 -412 -266
Sale and/or Maturity of Investments		 100 63 232 37 5,401 6,210 1,036 1,389 506 526 186
Other Investing Activities, net		 -123 -107 - -150 -47 -69 -108 -72 -36 -12 -27
Net Cash From Financing Activities		 -1,252 -1,209 -571 -357 -1,484 -186 -1,270 -1,177 -897 -69 -783
Net Cash From Continuing Financing Activities		 -1,252 -1,209 -571 -357 -1,484 -186 -1,270 -1,177 -897 -69 -783
Issuance of Debt		 0.00 575 746 810 616 -165 1,087 -95 185 433 421
Repayment of Debt		 -500 -1,005 -500 -424 -825 0.00 -1,164 -300 -300 0.00 -500
Repurchase of Common Equity		 -511 -502 -503 -412 -553 -240 -410 -370 -308 -186 -235
Payment of Dividends		 -317 -312 -326 -342 -341 -370 -382 -364 -349 -322 -309
Other Financing Activities, Net		 76 35 12 10 -382 589 -400 -48 -124 5.20 -160
Cash Interest Paid		 162 159 128 143 151 110 102 97 102 114 148
Cash Income Taxes Paid		 93 68 -12 339 319 187 186 280 197 325 296

Quarterly Cash Flow Statements for Western Union

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 18 138 -245 -55 -58 679 -660 -43 -29 262 -155
Net Cash From Operating Activities		 255 265 94 -34 212 134 148 -0.30 260 135 109
Net Cash From Continuing Operating Activities		 255 265 94 -34 212 134 148 -0.30 260 135 109
Net Income / (Loss) Continuing Operations		 171 127 143 141 265 386 124 122 140 114 65
Consolidated Net Income / (Loss)		 171 127 143 141 265 386 124 122 140 114 65
Depreciation Expense		 9.80 9.20 9.20 9.50 8.90 9.80 9.50 8.70 8.60 8.40 8.50
Amortization Expense		 36 36 37 37 34 34 32 32 33 34 38
Non-Cash Adjustments to Reconcile Net Income		 11 38 20 30 39 -215 34 50 40 36 36
Changes in Operating Assets and Liabilities, net		 27 54 -115 -251 -135 -81 -51 -213 40 -57 -39
Net Cash From Investing Activities		 -11 -64 -6.30 -62 -66 118 -111 -66 -26 -27 -56
Net Cash From Continuing Investing Activities		 -11 -64 -6.30 -62 -66 118 -111 -66 -26 -27 -56
Purchase of Property, Leasehold Improvements and Equipment		 -26 -29 -33 -27 -23 -37 -23 -26 -31 -43 -26
Purchase of Investment Securities		 -184 -119 -155 -118 -89 -51 -128 -86 -42 -9.80 -42
Sale and/or Maturity of Investments		 199 86 184 85 50 207 41 48 64 33 33
Other Investing Activities, net		 -1.40 -2.10 -2.40 -2.80 -4.50 -2.10 -1.60 -2.60 -16 -7.10 -21
Net Cash From Financing Activities		 -226 -62 -333 41 -204 428 -697 24 -264 154 -208
Net Cash From Continuing Financing Activities		 -226 -62 -333 41 -204 428 -697 24 -264 154 -208
Issuance of Debt		 -505 195 35 95 -50 353 350 -57 -158 285 354
Repayment of Debt		 - - 0.00 - - - -500 - - - -608
Repurchase of Common Equity		 -91 -211 -151 -30 -1.70 -3.70 -77 -80 -52 -26 -53
Payment of Dividends		 -87 -83 -81 -82 -80 -80 -82 -77 -76 -74 -79
Other Financing Activities, Net		 458 38 -137 58 -73 158 -388 237 22 -31 178
Cash Interest Paid		 22 29 21 34 27 31 24 44 29 51 27
Cash Income Taxes Paid		 14 21 17 246 59 3.20 14 251 13 18 26

Annual Balance Sheets for Western Union

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 2025
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 12/31/2025
Total Assets		 9,449 9,420 9,231 8,997 8,759 9,496 8,824 8,496 8,199 8,371 8,306
Cash and Due from Banks		 1,316 878 838 973 1,451 1,428 1,208 1,286 1,269 1,474 1,234
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 0.00
Premises and Equipment, Net		 232 221 214 270 187 150 129 110 91 84 95
Goodwill		 3,164 3,162 2,728 2,725 2,567 2,567 2,035 2,035 2,035 2,060 2,099
Intangible Assets		 705 664 586 598 495 505 417 458 380 315 356
Other Assets		 4,033 4,495 4,865 4,430 4,060 4,846 5,034 4,608 4,424 4,437 4,522
Total Liabilities & Shareholders' Equity		 9,449 9,420 9,231 8,997 8,759 9,496 8,824 8,496 8,199 8,371 8,306
Total Liabilities		 8,044 8,517 9,723 9,307 8,798 9,310 8,468 8,019 7,720 7,402 7,348
Other Short-Term Payables		 607 1,130 719 565 602 501 450 464 453 408 408
Long-Term Debt		 3,216 2,786 3,034 3,434 3,229 3,067 3,008 2,617 2,505 2,941 2,878
Other Long-Term Liabilities		 4,222 4,602 5,971 5,308 4,967 5,742 5,009 4,938 4,762 4,053 4,062
Commitments & Contingencies		 0.00 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 -40 187 356 478 479 969 958
Total Preferred & Common Equity		 1,405 902 -491 -310 -40 187 356 478 479 969 958
Preferred Stock		 0.00 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 -40 187 356 478 479 969 958
Common Stock		 572 646 702 760 845 889 945 1,000 1,035 1,074 1,121
Retained Earnings		 977 419 -966 -839 -676 -543 -537 -354 -389 35 -12
Accumulated Other Comprehensive Income / (Loss)		 -144 -163 -228 -231 -209 -160 -52 -168 -167 -141 -151

Quarterly Balance Sheets for Western Union

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 8,901 8,234 8,487 7,914 8,053 7,971 7,676 8,338 7,984 7,784 8,100
Cash and Due from Banks		 1,176 1,229 1,586 1,138 1,107 1,033 1,098 1,289 1,020 948 909
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 0.00
Premises and Equipment, Net		 112 103 96 91 89 83 87 77 81 79 92
Goodwill		 2,035 2,035 2,035 2,035 2,050 2,056 2,061 2,060 2,085 2,088 2,104
Intangible Assets		 466 440 430 407 369 347 331 300 332 363 389
Other Assets		 5,112 4,427 4,340 4,243 4,440 4,452 4,099 4,612 4,467 4,307 4,606
Total Liabilities & Shareholders' Equity		 8,901 8,234 8,487 7,914 8,053 7,971 7,676 8,338 7,984 7,784 8,100
Total Liabilities		 8,373 7,681 7,861 7,300 7,655 7,531 7,023 7,399 7,101 6,859 7,190
Other Short-Term Payables		 436 409 418 433 393 377 426 376 388 430 411
Long-Term Debt		 2,611 2,463 2,813 2,309 2,540 2,636 2,587 2,791 2,749 2,592 2,623
Other Long-Term Liabilities		 5,326 4,809 4,630 4,558 4,722 4,518 4,010 4,231 3,964 3,837 4,156
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 528 553 627 614 398 441 653 939 884 925 911
Total Preferred & Common Equity		 528 553 627 614 398 441 653 939 884 925 911
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 528 553 627 614 398 441 653 939 884 925 911
Common Stock		 987 1,008 1,017 1,027 1,044 1,054 1,064 1,085 1,096 1,106 1,129
Retained Earnings		 -337 -297 -210 -229 -485 -451 -270 -3.40 -35 -24 -77
Accumulated Other Comprehensive Income / (Loss)		 -121 -158 -180 -184 -161 -162 -142 -142 -177 -156 -142

Annual Metrics And Ratios for Western Union

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $1.53
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 326.60M
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 $1.52
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 327.60M
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 $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 313.45M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Western Union

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 313,454,809.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 313,454,809.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.29% -13.90% -1.34% -9.42% -7.81% 2.68% -7.04% -4.43% -0.82% - -0.47%
EBITDA Growth		 -1.39% -43.00% -15.40% -21.34% -29.12% 24.82% -12.18% -4.62% 17.36% - -28.49%
EBIT Growth		 -2.27% -51.42% -18.91% -25.97% -34.27% 36.76% -12.77% -2.26% 24.27% - -40.06%
NOPAT Growth		 -8.89% -62.83% -18.83% -22.40% 53.23% 305.22% -12.87% -12.44% -46.96% - -48.66%
Net Income Growth		 -1.67% -49.08% -5.99% -19.98% 54.85% 203.70% -13.45% -13.40% -47.28% - -47.61%
EPS Growth		 2.22% -46.15% 2.50% -12.77% 69.57% 225.71% -12.20% -9.76% -44.87% - -44.44%
Operating Cash Flow Growth		 18.09% 346.79% -31.54% -126.68% -16.69% -49.34% 57.66% 99.11% 22.77% - -26.45%
Free Cash Flow Firm Growth		 44.21% -60.76% 398.30% 514.72% -114.98% -362.10% -409.77% -187.54% -143.88% - 138.63%
Invested Capital Growth		 -6.90% -3.59% -2.56% -10.55% 10.84% 31.04% 26.97% 18.08% 8.59% - -5.28%
Revenue Q/Q Growth		 -4.74% -8.06% -6.00% 1.20% -3.04% 2.39% -7.47% 4.04% 0.63% - -2.59%
EBITDA Q/Q Growth		 -5.20% -38.24% -11.56% -3.25% -14.58% 8.76% -2.30% 5.09% 5.10% - -29.96%
EBIT Q/Q Growth		 -6.35% -46.51% -15.00% -3.86% -16.85% 11.30% -1.96% 7.73% 5.71% - -41.59%
NOPAT Q/Q Growth		 -3.74% -43.68% -19.05% -2.24% 90.09% 48.95% -68.52% -1.76% 15.16% - -44.60%
Net Income Q/Q Growth		 -2.95% -25.73% 12.36% -1.19% 87.80% 45.66% -67.98% -1.13% 14.33% - -43.44%
EPS Q/Q Growth		 -2.13% -23.91% 17.14% 0.00% 90.24% 46.15% -68.42% 2.78% 16.22% - -44.44%
Operating Cash Flow Q/Q Growth		 100.95% 3.89% -64.46% -135.96% 727.51% -36.82% 10.60% -100.20% 86,900.00% - -19.50%
Free Cash Flow Firm Q/Q Growth		 420.39% -46.53% -23.48% 130.39% -111.57% -835.69% -24.19% 34.89% 67.76% - 38.92%
Invested Capital Q/Q Growth		 -15.03% 2.08% -1.52% 4.71% 5.29% 20.69% -4.58% -2.62% -3.17% - -7.87%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 22.77% 15.29% 20.78% 19.87% 17.50% 18.59% 19.63% 19.83% 20.71% - 14.10%
EBIT Margin		 18.54% 10.79% 16.23% 15.42% 13.22% 14.37% 15.23% 15.77% 16.56% - 9.17%
Profit (Net Income) Margin		 15.71% 12.69% 13.95% 13.62% 26.38% 37.53% 12.99% 12.34% 14.02% - 6.84%
Tax Burden Percent		 83.70% 88.13% 83.94% 85.35% 195.14% 261.14% 83.84% 76.46% 83.29% - 71.81%
Interest Burden Percent		 101.19% 133.43% 102.41% 103.51% 102.26% 100.00% 101.73% 102.37% 101.64% - 103.80%
Effective Tax Rate		 16.30% 11.87% 16.06% 14.65% -95.14% -161.14% 16.16% 23.54% 16.71% - 28.19%
Return on Invested Capital (ROIC)		 22.69% 13.36% 19.87% 17.10% 34.75% 44.53% 15.38% 14.27% 16.19% - 7.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 22.77% 14.60% 20.01% 17.28% 34.99% 44.53% 15.46% 14.38% 16.27% - 7.16%
Return on Net Nonoperating Assets (RNNOA)		 98.12% 78.16% 105.28% 88.22% 135.28% 167.47% 61.64% 58.46% 53.40% - 20.97%
Return on Equity (ROE)		 120.81% 91.52% 125.16% 105.32% 170.03% 212.00% 77.02% 72.73% 69.59% - 28.05%
Cash Return on Invested Capital (CROIC)		 32.63% 23.82% 24.56% 30.02% 13.02% -0.32% 3.16% 9.72% 14.26% - 17.30%
Operating Return on Assets (OROA)		 9.77% 5.52% 8.65% 7.93% 7.04% 7.09% 7.46% 7.85% 8.49% - 4.36%
Return on Assets (ROA)		 8.28% 6.49% 7.44% 7.01% 14.05% 18.53% 6.37% 6.14% 7.19% - 3.25%
Return on Common Equity (ROCE)		 120.81% 91.52% 125.16% 105.32% 170.03% 212.00% 77.02% 72.73% 69.59% - 28.05%
Return on Equity Simple (ROE_SIMPLE)		 121.97% 0.00% 155.04% 131.96% 103.49% 0.00% 97.40% 101.41% 83.30% - 48.41%
Net Operating Profit after Tax (NOPAT)		 169 95 139 136 259 386 121 119 137 - 62
NOPAT Margin		 15.52% 9.51% 13.62% 13.16% 25.80% 37.53% 12.77% 12.05% 13.80% - 6.59%
Net Nonoperating Expense Percent (NNEP)		 -0.08% -1.24% -0.13% -0.18% -0.24% 0.00% -0.08% -0.11% -0.09% - -0.09%
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		 81.46% 89.21% 83.77% 84.58% 86.78% 85.63% 84.77% 84.23% 83.44% - 90.83%
Earnings before Interest and Taxes (EBIT)		 202 108 166 160 133 148 145 156 165 - 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 248 153 213 206 176 191 187 196 206 - 134
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 7.46 8.38 12.56 9.38 6.17 3.70 3.81 3.15 2.79 - 3.01
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)		 1.03 0.94 1.15 0.98 0.97 0.88 0.89 0.70 0.65 - 0.70
Price to Earnings (P/E)		 6.11 6.41 8.10 7.11 5.97 3.83 3.91 3.11 3.35 - 6.21
Dividend Yield		 7.70% 8.53% 6.85% 7.69% 7.88% 8.87% 8.88% 11.16% 11.76% - 10.77%
Earnings Yield		 16.36% 15.59% 12.34% 14.07% 16.76% 26.09% 25.59% 32.20% 29.87% - 16.11%
Enterprise Value to Invested Capital (EV/IC)		 1.97 1.76 2.19 1.86 1.70 1.29 1.36 1.24 1.20 - 1.26
Enterprise Value to Revenue (EV/Rev)		 1.30 1.23 1.48 1.35 1.33 1.23 1.26 1.14 1.07 - 1.14
Enterprise Value to EBITDA (EV/EBITDA)		 5.58 5.75 6.68 6.33 6.61 6.43 6.69 6.02 5.42 - 6.13
Enterprise Value to EBIT (EV/EBIT)		 6.80 7.19 8.26 7.94 8.44 8.33 8.68 7.76 6.89 - 8.00
Enterprise Value to NOPAT (EV/NOPAT)		 7.44 8.57 9.84 9.33 7.69 5.52 5.65 5.12 5.56 - 10.32
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.94 6.70 8.69 9.90 10.28 12.42 11.03 9.13 7.79 - 8.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.81 7.25 8.80 5.87 13.76 0.00 48.15 13.85 8.77 - 7.08
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.76 5.23 6.38 5.98 3.96 3.04 2.97 3.11 2.80 - 2.88
Long-Term Debt to Equity		 3.76 5.23 6.38 5.98 3.96 3.04 2.97 3.11 2.80 - 2.88
Financial Leverage		 4.31 5.35 5.26 5.11 3.87 3.76 3.99 4.07 3.28 - 2.93
Leverage Ratio		 14.73 17.45 17.13 15.42 12.31 11.44 12.26 12.05 9.80 - 8.89
Compound Leverage Factor		 14.90 23.28 17.54 15.96 12.59 11.44 12.47 12.33 9.96 - 9.22
Debt to Total Capital		 79.01% 83.95% 86.46% 85.67% 79.85% 75.22% 74.82% 75.68% 73.69% - 74.23%
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		 79.01% 83.95% 86.46% 85.67% 79.85% 75.22% 74.82% 75.68% 73.69% - 74.23%
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		 20.99% 16.05% 13.54% 14.33% 20.15% 24.78% 25.18% 24.32% 26.31% - 25.77%
Debt to EBITDA		 2.24 2.74 2.64 2.91 3.10 3.75 3.68 3.67 3.32 - 3.61
Net Debt to EBITDA		 1.14 1.35 1.49 1.77 1.78 1.87 1.98 2.31 2.11 - 2.36
Long-Term Debt to EBITDA		 2.24 2.74 2.64 2.91 3.10 3.75 3.68 3.67 3.32 - 3.61
Debt to NOPAT		 2.99 4.09 3.89 4.29 3.60 3.21 3.11 3.12 3.41 - 6.08
Net Debt to NOPAT		 1.52 2.02 2.19 2.61 2.07 1.60 1.67 1.96 2.16 - 3.97
Long-Term Debt to NOPAT		 2.99 4.09 3.89 4.29 3.60 3.21 3.11 3.12 3.41 - 6.08
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)		 386 206 217 499 -58 -540 -671 -437 -141 - 259
Operating Cash Flow to CapEx		 990.66% 928.07% 287.46% -127.07% 930.26% 365.12% 650.00% -1.14% 831.95% - 417.62%
Free Cash Flow to Firm to Interest Expense		 14.28 4.02 8.30 16.05 -1.79 -17.78 -20.59 -11.91 -3.81 - 7.16
Operating Cash Flow to Interest Expense		 9.43 5.16 3.60 -1.09 6.59 4.41 4.55 -0.01 7.04 - 3.01
Operating Cash Flow Less CapEx to Interest Expense		 8.48 4.60 2.35 -1.94 5.88 3.20 3.85 -0.73 6.19 - 2.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.53 0.51 0.53 0.51 0.53 0.49 0.49 0.50 0.51 - 0.47
Fixed Asset Turnover		 43.70 42.48 45.31 47.35 46.77 46.58 48.53 48.62 47.76 - 46.33
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,923 2,984 2,938 3,077 3,239 3,910 3,731 3,633 3,518 - 3,534
Invested Capital Turnover		 1.46 1.40 1.46 1.30 1.35 1.19 1.21 1.18 1.17 - 1.07
Increase / (Decrease) in Invested Capital		 -217 -111 -77 -363 317 926 793 556 278 - -197
Enterprise Value (EV)		 5,746 5,250 6,431 5,737 5,519 5,047 5,078 4,513 4,225 - 4,451
Market Capitalization		 4,575 4,014 4,998 4,134 4,030 3,581 3,575 2,783 2,581 - 2,736
Book Value per Share		 $1.64 $1.31 $1.16 $1.30 $1.93 $2.87 $2.78 $2.67 $2.87 - $2.90
Tangible Book Value per Share		 ($4.88) ($5.31) ($5.87) ($5.80) ($5.15) ($4.16) ($4.20) ($4.64) ($4.72) - ($5.05)
Total Capital		 2,923 2,984 2,938 3,077 3,239 3,910 3,731 3,633 3,518 - 3,534
Total Debt		 2,309 2,505 2,540 2,636 2,587 2,941 2,791 2,749 2,592 - 2,623
Total Long-Term Debt		 2,309 2,505 2,540 2,636 2,587 2,941 2,791 2,749 2,592 - 2,623
Net Debt		 1,171 1,236 1,434 1,603 1,489 1,467 1,502 1,730 1,644 - 1,714
Capital Expenditures (CapEx)		 26 29 33 27 23 37 23 26 31 - 26
Net Nonoperating Expense (NNE)		 -2.01 -32 -3.36 -4.78 -5.85 0.00 -2.10 -2.83 -2.25 - -2.37
Net Nonoperating Obligations (NNO)		 2,309 2,505 2,540 2,636 2,587 2,941 2,791 2,749 2,592 - 2,623
Total Depreciation and Amortization (D&A)		 46 45 47 46 43 43 42 40 41 - 47
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.46 $0.35 $0.41 $0.42 $0.78 $1.14 $0.37 $0.37 $0.43 $0.36 $0.21
Adjusted Weighted Average Basic Shares Outstanding		 373.90M 370.80M 344.40M 338.60M 338.30M 340M 337.70M 328.90M 322.10M 326.60M 314.80M
Adjusted Diluted Earnings per Share		 $0.46 $0.35 $0.41 $0.41 $0.78 $1.14 $0.36 $0.37 $0.43 $0.36 $0.20
Adjusted Weighted Average Diluted Shares Outstanding		 375M 371.80M 345.70M 339.60M 339.50M 341.10M 339.20M 329.60M 322.80M 327.60M 316.80M
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		 364.36M 342.20M 338.34M 337.78M 337.80M 337.93M 330.53M 322.97M 317.84M 313.45M 312.44M
Normalized Net Operating Profit after Tax (NOPAT)		 169 95 139 136 93 103 121 119 137 - 62
Normalized NOPAT Margin		 15.52% 9.51% 13.62% 13.16% 9.25% 10.06% 12.77% 12.05% 13.80% - 6.59%
Pre Tax Income Margin		 18.76% 14.40% 16.62% 15.96% 13.52% 14.37% 15.49% 16.14% 16.83% - 9.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.48 2.11 6.36 5.13 4.12 4.86 4.44 4.25 4.46 - 2.40
NOPAT to Interest Expense		 6.26 1.86 5.34 4.38 8.04 12.69 3.72 3.25 3.71 - 1.72
EBIT Less CapEx to Interest Expense		 6.53 1.55 5.11 4.28 3.41 3.65 3.74 3.53 3.61 - 1.68
NOPAT Less CapEx to Interest Expense		 5.31 1.30 4.09 3.52 7.33 11.48 3.02 2.53 2.87 - 1.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 47.39% 55.75% 55.34% 57.18% 48.10% 34.41% 35.33% 35.52% 40.76% - 69.44%
Augmented Payout Ratio		 83.99% 105.02% 128.92% 140.24% 106.40% 54.35% 47.61% 53.55% 68.28% - 117.26%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Western Union’s quarterly financials for the last four years, focused on the most important trends a retail investor should watch. The items are organized to highlight positives first, then neutral observations, then potential drawbacks.

  • Cash flow from operations improved in Q4 2025: Net cash from continuing operating activities was $135.4 million and the net change in cash was a positive $262.3 million, signaling stronger near-term liquidity.
  • Access to capital via debt issuance in 2025: The company issued debt in Q4 2025 ($285.2 million) and previously in Q1 2025 ($350.0 million), with net continuing financing activities of $154.2 million in Q4 2025, indicating solid financing options.
  • Steady quarterly dividend payments around $75–$82 million: Dividends were consistently paid across 2024–2025 (e.g., Q4 2025: $74.4 million; Q3 2025: $75.5 million; Q2 2025: $76.8 million; Q1 2025: $82.3 million), supporting shareholder income expectations.
  • Revenue generally holds in a narrow range in 2025: Total revenue sits around $0.95–$1.00 billion each quarter (Q4 2025: $971.7M; Q3 2025: $995.6M; Q2 2025: $989.4M; Q1 2025: $951.0M), indicating stable top-line performance.
  • Debt load remains substantial but relatively stable: Long-term debt runs in the mid-$2.4B to $2.8B range across 2025, implying ongoing leverage but a consistent balance sheet structure.
  • Total assets are sizable and mostly funded by liabilities: Total assets sit around $7.7B–$8.4B in 2025, with liabilities and equity reflecting a heavy-liability model typical of the business.
  • Accumulated other comprehensive income (AOCI) remains negative: AOCI values are negative (e.g., around −$156M to −$177M in 2025), reducing reported equity but common for timing and hedging effects.
  • Investing cash outflows are meaningful and persistent: Net cash from continuing investing activities was negative in multiple quarters of 2025 (Q1 2025: −$111.1M; Q2 2025: −$66.3M; Q3 2025: −$25.6M; Q4 2025: −$27.3M), indicating ongoing capital allocation activity.
  • Near-term liquidity was pressured in several 2025 quarters: Net change in cash was negative in Q1–Q3 2025 (e.g., Q1: −$65.9M; Q2: −$42.9M; Q3: −$29.1M) before the rebound in Q4 2025, signaling periodic liquidity pressure.
  • Interest expense remains a cash outflow: Long-term debt interest expense ran in the low-to-mid $30M range per quarter (e.g., Q4 2025: $36.7M), contributing to ongoing financing costs.
05/25/26 07:32 PM ETAI Generated. May Contain Errors.

Western Union Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Western Union's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Western Union's net income appears to be on an upward trend, with a most recent value of $499.60 million in 2025, falling from $837.80 million in 2015. The previous period was $934.20 million in 2024. View Western Union's forecast to see where analysts expect Western Union to go next.

Over the last 10 years, Western Union's total revenue changed from $5.48 billion in 2015 to $3.91 billion in 2025, a change of -28.8%.

Western Union's total liabilities were at $7.35 billion at the end of 2025, a 0.7% decrease from 2024, and a 8.7% decrease since 2015.

In the past 10 years, Western Union's cash and equivalents has ranged from $838.20 million in 2017 to $1.47 billion in 2024, and is currently $1.23 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:WU last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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