See more : MERCK Kommanditgesellschaft auf Aktien (MRK.DE) Income Statement Analysis – Financial Results
Complete financial analysis of The Western Union Company (WU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Western Union Company, a leading company in the Financial – Credit Services industry within the Financial Services sector.
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The Western Union Company (WU)
Industry: Financial - Credit Services
Sector: Financial Services
Website: https://www.westernunion.com
About The Western Union Company
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. It also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. The company was founded in 1851 and is headquartered in Denver, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.36B | 4.48B | 5.07B | 4.84B | 5.29B | 5.59B | 5.52B | 5.42B | 5.48B | 5.61B | 5.54B | 5.66B | 5.49B | 5.19B | 5.08B | 5.28B | 4.90B | 4.47B | 3.99B | 3.55B | 3.15B | 2.74B | 2.31B |
| Cost of Revenue | 2.67B | 2.63B | 2.90B | 2.83B | 3.09B | 3.30B | 3.36B | 3.27B | 3.20B | 3.30B | 3.24B | 3.19B | 3.10B | 2.98B | 2.87B | 3.09B | 2.81B | 2.43B | 2.12B | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.69B | 1.85B | 2.17B | 2.01B | 2.21B | 2.29B | 2.17B | 2.15B | 2.28B | 2.31B | 2.31B | 2.47B | 2.39B | 2.21B | 2.21B | 2.19B | 2.09B | 2.04B | 1.87B | 3.55B | 3.15B | 2.74B | 2.31B |
| Gross Profit Ratio | 38.68% | 41.32% | 42.88% | 41.54% | 41.68% | 40.95% | 39.26% | 39.70% | 41.66% | 41.19% | 41.63% | 43.61% | 43.51% | 42.64% | 43.45% | 41.44% | 42.69% | 45.63% | 46.87% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.23 | 0.18 | 0.18 | 0.25 | 0.18 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 867.80M | 964.20M | 1.05B | 1.04B | 1.27B | 1.17B | 1.23B | 1.67B | 1.17B | 1.17B | 1.20B | 1.14B | 1.00B | 914.20M | 926.00M | 834.00M | 769.80M | 728.30M | 599.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -37.50M | -131.50M | 3.10M | 8.50M | 14.10M | 4.20M | 2.50M | -11.80M | -5.00M | 7.00M | 12.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.92B | -1.65B |
| Operating Expenses | 867.80M | 964.20M | 1.05B | 1.04B | 1.27B | 1.17B | 1.23B | 1.67B | 1.17B | 1.17B | 1.20B | 1.14B | 1.00B | 914.20M | 926.00M | 834.00M | 769.80M | 728.30M | 599.80M | 0.00 | 0.00 | -1.92B | -1.65B |
| Cost & Expenses | 3.54B | 3.59B | 3.95B | 3.87B | 4.36B | 4.47B | 4.59B | 4.94B | 4.37B | 4.47B | 4.43B | 4.33B | 4.11B | 3.89B | 3.80B | 3.93B | 3.58B | 3.16B | 2.72B | 0.00 | 0.00 | -1.92B | -1.65B |
| Interest Income | 15.60M | 13.90M | 1.40M | 3.20M | 6.30M | 4.80M | 4.90M | 3.50M | 10.90M | 11.50M | 9.40M | 5.50M | 5.20M | 2.80M | 9.40M | 45.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 105.30M | 101.00M | 105.50M | 118.50M | 152.00M | 149.60M | 142.10M | 152.50M | 167.90M | 176.60M | 195.60M | 179.60M | 181.90M | 169.90M | 157.90M | 171.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 183.60M | 3.57B | 3.90B | 3.82B | 4.23B | 4.60B | 4.72B | 4.48B | 270.20M | 271.90M | 262.80M | 246.10M | 192.60M | 175.90M | 154.20M | 144.00M | 123.90M | 103.50M | 79.50M | 0.00 | 0.00 | 1.92B | 92.90M |
| EBITDA | 1.03B | 1.11B | 1.32B | 1.22B | 1.30B | 1.38B | 1.29B | 1.37B | 1.39B | 1.44B | 1.45B | 1.62B | 1.51B | 1.36B | 1.35B | 1.40B | 1.45B | 1.41B | 1.35B | 3.55B | 3.15B | 2.74B | 2.41B |
| EBITDA Ratio | 23.65% | 23.35% | 24.63% | 24.80% | 22.80% | 25.15% | 21.89% | 13.88% | 25.14% | 25.30% | 25.02% | 28.14% | 28.82% | 28.48% | 28.45% | 29.24% | 29.30% | 31.62% | 32.55% | 100.00% | 100.00% | 100.00% | 104.01% |
| Operating Income | 817.50M | 884.90M | 1.12B | 967.30M | 934.00M | 1.12B | 473.40M | 483.70M | 1.11B | 1.14B | 1.11B | 1.33B | 1.39B | 1.30B | 1.28B | 1.36B | 1.32B | 1.31B | 1.27B | 3.55B | 3.15B | 823.50M | 663.40M |
| Operating Income Ratio | 18.76% | 19.77% | 22.15% | 20.01% | 17.65% | 20.07% | 8.57% | 8.92% | 20.23% | 20.34% | 19.98% | 23.48% | 25.22% | 25.04% | 25.23% | 25.65% | 26.98% | 29.34% | 31.83% | 100.00% | 100.00% | 30.02% | 28.66% |
| Total Other Income/Expenses | -71.70M | 123.70M | -187.70M | -112.20M | 387.40M | -130.70M | -128.30M | -145.30M | -167.60M | -172.30M | -180.50M | -161.20M | -110.40M | -154.90M | -151.20M | -116.30M | -99.60M | 23.70M | 74.90M | -13.50M | -3.15B | -24.20M | -1.10M |
| Income Before Tax | 745.80M | 1.01B | 935.40M | 855.10M | 1.32B | 991.40M | 347.50M | 341.70M | 941.80M | 968.20M | 926.90M | 1.17B | 1.27B | 1.15B | 1.13B | 1.24B | 1.22B | 1.34B | 1.34B | 0.00 | 0.00 | 799.30M | 662.30M |
| Income Before Tax Ratio | 17.12% | 22.54% | 18.45% | 17.69% | 24.97% | 17.74% | 6.29% | 6.30% | 17.17% | 17.27% | 16.73% | 20.63% | 23.21% | 22.05% | 22.26% | 23.45% | 24.95% | 29.87% | 33.70% | 0.00% | 0.00% | 29.14% | 28.62% |
| Income Tax Expense | 119.80M | 98.00M | 129.60M | 110.80M | 263.10M | 139.50M | 904.60M | 88.50M | 104.00M | 115.80M | 128.50M | 142.90M | 109.20M | 235.30M | 282.70M | 319.70M | 365.10M | 421.10M | 416.70M | -751.60M | -633.70M | 305.20M | 1.91B |
| Net Income | 626.00M | 910.60M | 805.80M | 744.30M | 1.06B | 851.90M | -557.10M | 253.20M | 837.80M | 852.40M | 798.40M | 1.03B | 1.17B | 909.90M | 848.80M | 919.00M | 857.30M | 914.00M | 927.40M | 751.60M | 633.70M | 494.10M | 407.90M |
| Net Income Ratio | 14.37% | 20.35% | 15.89% | 15.39% | 20.00% | 15.24% | -10.08% | 4.67% | 15.28% | 15.20% | 14.41% | 18.11% | 21.22% | 17.52% | 16.70% | 17.40% | 17.50% | 20.45% | 23.26% | 21.19% | 20.11% | 18.01% | 17.62% |
| EPS | 1.69 | 2.35 | 1.98 | 1.81 | 2.48 | 1.89 | -1.19 | 0.52 | 1.63 | 1.60 | 1.43 | 1.70 | 1.85 | 1.37 | 1.21 | 1.26 | 1.13 | 1.20 | 1.21 | 0.98 | 0.83 | 0.65 | 0.53 |
| EPS Diluted | 1.68 | 2.34 | 1.97 | 1.79 | 2.46 | 1.87 | -1.19 | 0.51 | 1.62 | 1.59 | 1.43 | 1.69 | 1.84 | 1.36 | 1.21 | 1.24 | 1.11 | 1.19 | 1.21 | 0.98 | 0.83 | 0.65 | 0.53 |
| Weighted Avg Shares Out | 370.80M | 387.20M | 406.80M | 412.30M | 427.60M | 451.80M | 467.90M | 490.20M | 512.60M | 533.40M | 556.60M | 604.90M | 630.60M | 666.50M | 698.90M | 730.10M | 760.20M | 764.50M | 763.90M | 763.90M | 763.90M | 760.15M | 763.90M |
| Weighted Avg Shares Out (Dil) | 371.80M | 388.40M | 408.90M | 415.20M | 430.90M | 454.40M | 467.90M | 493.50M | 516.70M | 536.80M | 559.70M | 607.40M | 634.20M | 668.90M | 701.00M | 738.20M | 772.90M | 768.60M | 763.90M | 763.90M | 763.90M | 760.15M | 763.90M |
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How did Western Union adapt to the decline of telegrams?
Western Union adapted to the decline of the telegram by focusing on money transfers, creating Western Union Internation Services LLC in 1963.
What were Western Union’s initial services?
Western Union didn’t start out as a fintech company. In fact, for the first 15 years of their existence, they were focused on sending telegrams. Western Union even installed the first transcontinental telegraph cable, allowing people on the east coast to communicate with the expanding Western United States.