NYSE : WU
The Western Union Company — Financial statements
Financials · Credit Services · United States
Last price 6.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.92B
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Financial statements
The Western Union Company (WU) reported revenue of 4.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.04B | 4.05B | 4.21B | 4.36B | 4.48B | 5.07B |
| Cost of Revenue | 2.62B | 2.55B | 2.62B | 2.67B | 2.63B | 2.90B |
| Gross Profit | 1.42B | 1.50B | 1.59B | 1.69B | 1.85B | 2.17B |
| Selling, General & Admin | 763.50M | 731.90M | 844.50M | 867.80M | 964.20M | 1.06B |
| Operating Expenses | 763.50M | 731.90M | 844.50M | 867.80M | 964.20M | 1.06B |
| Operating Income | 653.20M | 768.20M | 744.70M | 817.50M | 884.90M | 1.11B |
| Interest Expense | -149.40M | -143.00M | -119.80M | -105.30M | -101.00M | -105.50M |
| Interest & Investment Income | 8.60M | 7.90M | 11.90M | 15.60M | 13.90M | 1.40M |
| Other Non Operating Income (Expenses) | 2.70M | 3.50M | 700.00K | -2.70M | -37.50M | 2.50M |
| EBT Excluding Unusual Items | 515.10M | 636.60M | 637.50M | 725.10M | 760.30M | 1.01B |
| Merger & Restructuring Charges | -10.90M | -10.90M | -4.10M | |||
| Gain (Loss) on Sale of Investments | 47.90M | |||||
| Gain (Loss) on Sale of Assets | 20.70M | 248.30M | ||||
| Asset Writedown | -14.80M | |||||
| Other Unusual Items | -124.10M | |||||
| Pretax Income | 504.20M | 625.70M | 618.60M | 745.80M | 1.01B | 935.40M |
| Income Tax Expense | 108.80M | 126.10M | -315.60M | 119.80M | 98.00M | 129.60M |
| Net Income | 395.40M | 499.60M | 934.20M | 626.00M | 910.60M | 805.80M |
| Net Income to Common | 395.40M | 499.60M | 934.20M | 626.00M | 910.60M | 805.80M |
| Shares Outstanding (Basic) | 316.85M | 326.60M | 340.00M | 370.80M | 387.20M | 406.80M |
| Shares Outstanding (Diluted) | 318.00M | 327.60M | 341.10M | 371.80M | 388.40M | 408.90M |
| EPS (Basic) | 1.25 | 1.53 | 2.75 | 1.69 | 2.35 | 1.98 |
| EPS (Diluted) | 1.24 | 1.52 | 2.74 | 1.68 | 2.34 | 1.97 |
| Free Cash Flow | 565.40M | 505.20M | 368.90M | 760.20M | 549.70M | 1.01B |
| Free Cash Flow Per Share | 1.78 | 1.54 | 1.08 | 2.04 | 1.42 | 2.46 |
| Dividend Per Share | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 | 0.94 |
| Gross Margin | 35.09% | 37.03% | 37.75% | 38.68% | 41.32% | 42.88% |
| Operating Margin | 16.18% | 18.96% | 17.69% | 18.76% | 19.77% | 21.95% |
| Profit Margin | 9.79% | 12.33% | 22.19% | 14.37% | 20.35% | 15.89% |
| Free Cash Flow Margin | 14.01% | 12.47% | 8.76% | 17.45% | 12.28% | 19.87% |
| EBITDA | 832.50M | 933.60M | 923.80M | 1.00B | 1.07B | 1.32B |
| EBITDA Margin | 20.62% | 23.05% | 21.95% | 22.98% | 23.88% | 26.06% |
| D&A For EBITDA | 179.30M | 165.40M | 179.10M | 183.60M | 183.80M | 208.20M |
| EBIT | 653.20M | 768.20M | 744.70M | 817.50M | 884.90M | 1.11B |
| EBIT Margin | 16.18% | 18.96% | 17.69% | 18.76% | 19.77% | 21.95% |
| Effective Tax Rate | 21.58% | 20.15% | 16.06% | 9.72% | 13.86% | |
| Advertising Expenses | 177.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 919.80M | 1.23B | 1.47B | 1.27B | 1.29B | 1.21B |
| Cash & Short-Term Investments | 919.80M | 1.23B | 1.47B | 1.27B | 1.29B | 1.21B |
| Prepaid Expenses | 96.40M | 98.50M | 91.90M | |||
| Restricted Cash | 1.10M | 41.50M | ||||
| Other Current Assets | 221.10M | 217.50M | 238.60M | 199.30M | 454.00M | 1.45B |
| Total Current Assets | 1.14B | 1.55B | 1.81B | 1.56B | 1.78B | 2.66B |
| Property, Plant & Equipment | 91.80M | 290.20M | 245.30M | 218.00M | 109.60M | 129.40M |
| Long-Term Investments | 216.30M | 212.90M | 210.40M | 100.00M | ||
| Goodwill | 2.14B | 2.10B | 2.06B | 2.03B | 2.03B | 2.03B |
| Other Intangible Assets | 386.90M | 259.70M | 214.30M | 213.80M | 457.90M | 417.10M |
| Long-Term Deferred Tax Assets | 201.60M | 226.20M | 265.00M | |||
| Long-Term Deferred Charges | 96.60M | 101.10M | 166.40M | |||
| Other Long-Term Assets | 4.01B | 3.57B | 3.46B | 3.80B | 4.01B | 3.58B |
| Total Assets | 7.97B | 8.31B | 8.37B | 8.20B | 8.50B | 8.82B |
| Accounts Payable | 407.20M | 408.40M | 407.90M | 453.00M | 464.00M | 450.20M |
| Short-Term Debt | 245.10M | 434.90M | 364.90M | 180.00M | 275.00M | |
| Current Portion of Long-Term Debt | 500.00M | 300.00M | ||||
| Current Portion of Leases | 80.60M | |||||
| Current Income Taxes Payable | 62.70M | 74.70M | 272.20M | 659.50M | 725.30M | 870.70M |
| Other Current Liabilities | 3.40B | 3.49B | 3.36B | 3.70B | 3.68B | 3.68B |
| Total Current Liabilities | 4.12B | 4.49B | 4.54B | 5.18B | 5.35B | 5.27B |
| Long-Term Debt | 2.45B | 2.44B | 2.44B | 2.14B | 2.14B | 2.73B |
| Long-Term Leases | 145.10M | 191.20M | 162.30M | 161.30M | ||
| Long-Term Deferred Tax Liabilities | 152.20M | 153.20M | 155.60M | 147.60M | 158.50M | 203.80M |
| Other Long-Term Liabilities | 333.30M | 119.00M | 69.50M | 88.40M | 213.90M | 259.70M |
| Total Liabilities | 7.05B | 7.35B | 7.40B | 7.72B | 8.02B | 8.47B |
| Common Stock | 3.10M | 3.20M | 3.40M | 3.50M | 3.70M | 3.90M |
| Additional Paid-In Capital | 1.13B | 1.12B | 1.07B | 1.03B | 995.90M | 941.00M |
| Retained Earnings | -83.80M | -11.50M | 35.20M | -389.10M | -353.90M | -537.20M |
| Comprehensive Income & Other | -138.80M | -151.30M | -140.50M | -167.30M | -167.90M | -52.10M |
| Shareholders' Equity | 914.70M | 957.80M | 968.90M | 479.00M | 477.80M | 355.60M |
| Total Liabilities & Equity | 7.97B | 8.31B | 8.37B | 8.20B | 8.50B | 8.82B |
| Total Debt | 2.70B | 3.10B | 3.13B | 2.67B | 2.78B | 3.01B |
| Net Cash (Debt) | -1.78B | -1.87B | -1.66B | -1.40B | -1.49B | -1.80B |
| Net Cash Per Share | -5.59 | -5.71 | -4.86 | -3.76 | -3.84 | -4.40 |
| Filing Date Shares Outstanding | 311.88M | 313.45M | 337.93M | 342.20M | 373.65M | 393.53M |
| Total Common Shares Outstanding | 311.80M | 315.70M | 337.90M | 350.50M | 373.50M | 393.80M |
| Working Capital | -2.97B | -2.94B | -2.73B | -3.62B | -3.57B | -2.61B |
| Book Value Per Share | 2.93 | 3.03 | 2.87 | 1.37 | 1.28 | 0.90 |
| Tangible Book Value | -1.61B | -1.40B | -1.30B | -1.77B | -2.01B | -2.10B |
| Tangible Book Value Per Share | -5.16 | -4.44 | -3.86 | -5.05 | -5.39 | -5.32 |
| Machinery | 439.50M | 416.40M | 408.60M | |||
| Construction In Progress | 700.00K | |||||
| Leasehold Improvements | 127.50M | 122.70M | 121.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 395.40M | 499.60M | 934.20M | 626.00M | 910.60M | 805.80M |
| Depreciation & Amortization | 179.30M | 165.40M | 179.10M | 183.60M | 183.80M | 208.20M |
| Loss (Gain) From Sale of Assets | -18.00M | -254.80M | ||||
| Loss (Gain) From Sale of Investments | -47.90M | |||||
| Other Operating Activities | 139.40M | 159.70M | -125.30M | 102.90M | 88.70M | 256.80M |
| Change in Accounts Payable | -12.90M | -39.40M | -46.40M | -22.40M | 42.60M | -24.80M |
| Change in Income Taxes | 8.90M | -197.30M | -394.60M | -68.10M | -152.70M | -56.20M |
| Change in Other Net Operating Assets | -100.40M | -44.30M | -140.70M | -20.90M | -236.60M | -96.60M |
| Operating Cash Flow | 609.70M | 543.70M | 406.30M | 783.10M | 581.60M | 1.05B |
| Capital Expenditures | -44.30M | -38.50M | -37.40M | -22.90M | -31.90M | -37.70M |
| Cash Acquisitions | -200.00M | |||||
| Divestitures | 887.20M | 50.90M | ||||
| Sale (Purchase) of Intangibles | -141.30M | -112.30M | -93.20M | -124.90M | -176.30M | -176.90M |
| Investment in Securities | 34.30M | -70.30M | 129.50M | 10.70M | -171.00M | 552.00M |
| Other Investing Activities | -26.70M | -9.20M | -15.20M | -3.70M | 17.50M | 3.70M |
| Investing Cash Flow | -178.00M | -230.30M | -16.30M | -140.80M | 525.50M | 192.00M |
| Short-Term Debt Issued | 392.00M | 184.90M | 195.00M | |||
| Long-Term Debt Issued | 29.10M | 798.10M | 891.70M | |||
| Total Debt Issued | 737.80M | 421.10M | 798.10M | 184.90M | 1.09B | |
| Short-Term Debt Repaid | -364.90M | -95.00M | ||||
| Long-Term Debt Repaid | -500.00M | -300.00M | -300.00M | -1.15B | ||
| Total Debt Repaid | -792.20M | -500.00M | -364.90M | -300.00M | -395.00M | -1.15B |
| Net Debt Issued (Repaid) | -54.40M | -78.90M | 433.20M | -115.10M | -395.00M | -63.30M |
| Issuance of Common Stock | 200.00K | 9.50M | 11.60M | |||
| Repurchase of Common Stock | -142.40M | -234.60M | -186.20M | -308.40M | -369.90M | -409.90M |
| Common Dividends Paid | -302.70M | -309.00M | -321.50M | -349.00M | -364.20M | -381.60M |
| Other Financing Activities | 25.70M | -160.10M | 5.20M | -124.50M | -57.70M | -426.30M |
| Financing Cash Flow | -473.80M | -782.60M | -69.30M | -896.80M | -1.18B | -1.27B |
| Net Cash Flow | -42.10M | -469.20M | 320.70M | -254.50M | -70.20M | -32.20M |
| Free Cash Flow | 565.40M | 505.20M | 368.90M | 760.20M | 549.70M | 1.01B |
| Free Cash Flow Margin | 14.01% | 12.47% | 8.76% | 17.45% | 12.28% | 19.87% |
| Free Cash Flow Per Share | 1.78 | 1.54 | 1.08 | 2.04 | 1.42 | 2.46 |
| Levered Free Cash Flow | 357.27M | 403.05M | -340.34M | 670.02M | 1.34B | -889.39M |
| Unlevered Free Cash Flow | 450.65M | 492.43M | -265.46M | 735.84M | 1.40B | -823.45M |
| Cash Interest Paid | 148.00M | 147.50M | 114.00M | 102.40M | 97.20M | 101.60M |
| Cash Income Tax Paid | 74.40M | 295.70M | 324.90M | 197.40M | 279.80M | 185.90M |
| Change in Working Capital | -104.40M | -281.00M | -581.70M | -111.40M | -346.70M | -177.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.98B | 2.96B | 3.58B | 4.34B | 5.32B | 7.17B |
| Enterprise Value | 3.75B | 4.60B | 5.07B | 5.51B | 6.75B | 9.02B |
| Last Close Price | 6.16 | 8.49 | 8.72 | 9.07 | 9.66 | 11.77 |
| PE Ratio | 5.10 | 5.92 | 3.83 | 6.94 | 5.84 | 8.90 |
| Forward PE | 4.47 | 5.31 | 5.93 | 7.33 | 8.95 | 8.22 |
| PS Ratio | 0.49 | 0.73 | 0.85 | 1.00 | 1.19 | 1.41 |
| PB Ratio | 2.10 | 3.09 | 3.70 | 9.07 | 11.13 | 20.17 |
| P/FCF Ratio | 3.48 | 5.86 | 9.71 | 5.71 | 9.67 | 7.12 |
| P/OCF Ratio | 3.23 | 5.44 | 8.81 | 5.55 | 9.14 | 6.86 |
| PEG Ratio | 2.86 | 1.47 | 22.05 | 10.00 | 0.88 | |
| EV/Sales Ratio | 0.93 | 1.14 | 1.20 | 1.27 | 1.51 | 1.78 |
| EV/EBITDA Ratio | 4.50 | 4.93 | 5.49 | 5.51 | 6.32 | 6.83 |
| EV/EBIT Ratio | 5.73 | 5.99 | 6.81 | 6.75 | 7.63 | 8.10 |
| EV/FCF Ratio | 6.62 | 9.11 | 13.74 | 7.25 | 12.28 | 8.95 |
| Debt / Equity Ratio | 2.95 | 3.24 | 3.23 | 5.57 | 5.81 | 8.46 |
| Debt / EBITDA Ratio | 2.99 | 3.10 | 3.21 | 2.57 | 2.51 | 2.28 |
| Debt / FCF Ratio | 4.77 | 6.14 | 8.49 | 3.51 | 5.05 | 2.99 |
| Net Debt / Equity Ratio | 1.94 | 1.95 | 1.71 | 2.92 | 3.12 | 5.06 |
| Net Debt / EBITDA Ratio | 2.13 | 2.00 | 1.79 | 1.40 | 1.40 | 1.36 |
| Net Debt / FCF Ratio | 3.14 | 3.70 | 4.49 | 1.84 | 2.71 | 1.79 |
| Asset Turnover | 0.51 | 0.49 | 0.51 | 0.52 | 0.52 | 0.55 |
| Quick Ratio | 0.22 | 0.28 | 0.32 | 0.24 | 0.24 | 0.23 |
| Current Ratio | 0.28 | 0.34 | 0.40 | 0.30 | 0.33 | 0.51 |
| Return on Equity (ROE) | 43.97% | 51.86% | 129.04% | 130.85% | 218.53% | 297.23% |
| Return on Assets (ROA) | 5.12% | 5.76% | 5.62% | 6.12% | 6.39% | 7.60% |
| Return on Invested Capital (ROIC) | 19.27% | 22.49% | 33.07% | 35.67% | 38.73% | 45.49% |
| Return on Capital Employed (ROCE) | 17.00% | 20.10% | 19.50% | 27.10% | 28.10% | 31.30% |
| Earnings Yield | 19.63% | 16.88% | 26.09% | 14.41% | 17.12% | 11.24% |
| FCF Yield | 28.73% | 17.07% | 10.30% | 17.50% | 10.34% | 14.05% |
| Dividend Yield | 14.85% | 10.03% | 8.87% | 7.59% | 6.60% | 5.16% |
| Payout Ratio | 75.55% | 61.85% | 34.41% | 55.75% | 40.00% | 47.36% |
| Buyback Yield / Dilution | 5.64% | 3.96% | 8.26% | 4.27% | 5.01% | 1.52% |
| Total Shareholder Return | 20.54% | 13.99% | 17.13% | 11.86% | 11.62% | 6.68% |