Western Union Stock Earnings Reports

Western Union reported a solid Q3 2025 despite difficult macro conditions, with adjusted revenue (ex-Iraq) down ~1% and adjusted EPS of $0.47 (vs. $0.46 LY). Key positives: branded digital delivered its 8th consecutive quarter of mid-single-digit or better revenue growth (transactions +12%, adj. revenue +6%), digital now represents over 40% of principal moved and >55% of money transactions are digital. Payout-to-account continues to scale (account payouts now >50% of digital principal and grew ~40% in the quarter). Consumer Services grew 49% (helped materially by the Eurochange acquisition) and Travel Money is scaling rapidly (now ~$100M revenue, expected ~$150M in 2026). Operating discipline yielded industry-leading adjusted operating margin (~20%) and strong cash generation (>$400M YTD); the company returned >$120M to shareholders in the quarter and ~$400M YTD. Headwinds remain in North America retail—notably U.S. to Mexico corridor weakness tied to migration/policy changes—though management sees signs of stabilization and expects modest retail improvement into Q4. The company is advancing its digital wallet rollout (0.5M+ wallets live in seven countries), piloting stablecoin-enabled treasury solutions, and plans to integrate the Intermex acquisition to accelerate its U.S. retail strategy. 2025 guidance was reaffirmed: adjusted revenue $4.035B–$4.135B (management expects near the low end), adjusted operating margin 19%–21%, and adjusted EPS $1.65–$1.75 (management expects the upper end). Overall, the business is transforming toward a more digital, omnichannel model with diversified growth drivers (digital, consumer services, travel money) and continued cost discipline.