Western Union CO SEC 10-Q Report

Western Union CO, a global leader in cross-border, cross-currency money movement and payments, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, highlighting key metrics and future outlooks.

Financial Highlights

Revenues: Western Union reported revenues of $1,032.6 million for the third quarter of 2025, remaining flat compared to the same period last year. The slight decrease in constant currency revenues was attributed to foreign currency translation and the impact of Argentina's hyperinflation.

Operating Income: The company achieved an operating income of $201.9 million, marking a 22% increase from the prior year. This growth was driven by a reduction in selling, general, and administrative expenses.

Net Income: Net income for the quarter was $139.6 million, a decrease of 47% compared to the previous year. The decline was primarily due to a higher effective tax rate following the settlement of IRS examinations in the prior year.

Basic Earnings per Share: Basic earnings per share were $0.43, reflecting a 45% decrease from the prior year, consistent with the decline in net income.

Diluted Earnings per Share: Diluted earnings per share also stood at $0.43, mirroring the 45% decrease from the previous year.

Business Highlights

Revenue Segments:

• The Consumer Money Transfer segment generated $878.0 million in revenue for the three months ended September 30, 2025, and $2,635.9 million for the nine months ended September 30, 2025.
• The Consumer Services segment contributed $154.6 million and $406.4 million for the same periods, respectively.

Geographical Performance:

• For the three months ended September 30, 2025:
  • North America led the Consumer Money Transfer segment with $315.0 million in revenue.
  • Europe and CIS followed with $255.1 million.
  • The Middle East, Africa, and South Asia generated $134.4 million.
  • Latin America and the Caribbean contributed $94.2 million.
  • Asia Pacific regions added $48.0 million.
• For the nine months ended September 30, 2025:
  • North America generated $979.5 million in Consumer Money Transfer revenue.
  • Europe and CIS contributed $737.8 million.
  • The Middle East, Africa, and South Asia brought in $411.4 million.
  • Latin America and the Caribbean added $280.9 million.
  • Asia Pacific regions contributed $144.9 million.

Operational Efficiency:

• Cost of services decreased by 2% for the three months ended September 30, 2025, primarily due to reductions in agent commissions and technology expenses, despite increased expenses from expanding Company-owned locations.
• Selling, general, and administrative expenses decreased by 14% for the same period, driven by reduced advertising costs and lower employee compensation expenses.

Future Outlook:

• The acquisition of International Money Express, Inc. (Intermex) is expected to close in mid-2026, which is anticipated to strengthen Western Union's retail offering in the United States and expand market coverage in high-potential geographies.
• Management anticipates that the acquisition of Intermex will accelerate digital new customer acquisition, enhancing Western Union's competitive position in the money transfer market.

SEC Filing: Western Union CO [ WU ] - 10-Q - Oct. 27, 2025