Western Union Co (N:WU)
Business Focus: Transaction & Payment Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7001 East Belleview Avenue DENVER CO 80237 |
| Tel: | 1-866-4055012 |
| Website: | https://corporate.westernunion.com |
| IR: | See website |
| Key People | ||
| Devin B. Mcgranahan President, Chief Executive Officer, Director | Matthew Cagwin Chief Financial Officer | Giovanni Angelini President, Europe and Africa |
| Andrew Walker Chief Operating Officer | Benjamin Adams Chief Legal Officer, Interim Chief People Officer | Cherie Axelrod Chief Enterprise Risk Officer |
| Business Overview |
| The Western Union Company is a provider of cross-border, cross-currency money movement payments, and digital financial services. The Company operates through Consumer Money Transfer, Business Solutions, and Consumer Services. The Consumer Money Transfer segment facilitates money transfers that are sent from retail agent locations worldwide or through Websites and mobile devices. The Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium-sized enterprises, and other organizations and individuals. The segment's business is related to exchanges of currency at spot rates, which enables customers to make cross-currency payments, and also provide foreign currency forward and option contracts for customers to facilitate future payments. The Consumer Services segment includes its bill payment services, which facilitate payments from consumers, businesses, and other organizations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Western Union Co revenues decreased 3% to $4.36B. Net income decreased 31% to $626M. Revenues reflect United States segment decrease of 4% to $1.51B, International segment decrease of 2% to $2.85B. Net income also reflects Gain on divestiture of business decrease of 93% to $18M (income), Interest Expense increase of 4% to $105.3M (expense). Dividend per share remained flat at $0.94. |
| Employees: | 9,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,593M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,357M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,031M as of Dec 31, 2023 |
| Net annual income (TTM): | $626.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $322.70M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,236M as of Dec 31, 2023 |
| Shares outstanding: | 340,367,279 as of Mar 20, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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