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Global money-transfer company enabling cross-border remittances via retail agents, banks and its digital app.
Global money-transfer company enabling cross-border remittances via retail agents, banks and its digital app.
Charges a fee on each transfer plus a margin on the currency exchange, and pays commissions to agent locations that take cash and pay it out. Retail agents carry the volume, but digital transfers, which cost less to process, are where growth is.
Moat: narrow (network effects, brand, distribution). Its vast worldwide agent-location network is difficult for digital-only rivals to fully replace.
Headquarters: Denver, Colorado, US · Founded: 1851 · Employees: 9,600
Size Western Union (WU) is a United States Financials company (Regional Banks) with a market value of $2.15B, the 1752nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.88 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against +6.4% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +2.9%); the operating margin is 16.8% (peer median 37.6%).
Valuation It trades at 2.35× book value against a peer median of 1.21× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 14.3%; Western Union delivers 44.0%, so the price asks less than the business earns today.
Credit Western Union has 4 bonds outstanding ($1.67B), rated BBB by the agencies and trading like BBB- at a weighted spread of 128 bp.
Short interest Short interest is 18.8% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.03B | $4.04B | $4.20B | $4.35B | $4.47B |
| Revenue growth | — | -4% | -3% | -3% | — |
| Gross profit | $1.23B | $1.33B | $1.40B | $1.50B | $1.66B |
| EBITDA | $855M | $950M | $905M | $1.00B | $1.09B |
| Net income | $395M | $500M | $934M | $626M | $911M |
| Free cash flow | $565M | $505M | $369M | $760M | $550M |
| Capital expenditure | $186M | $151M | $131M | $148M | $208M |
| Total debt | $2.70B | $3.10B | $3.13B | $2.67B | $2.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Western Union WU | $2.15B | -24% | -2% | 44% | 2.35× | 14.3% |
| Remitly Global RELY | $4.72B | -7% | +24% | 32% | 4.19× | 20.6% |
| Wise WSE | $13.2B | -23% | +20% | 27% | 5.94× | 61.2% |
| PayPal PYPL | $49.2B | +31% | +5% | 24% | 2.54× | 24.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WU | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | -0.7% | 2nd highest of 21 |
| 6-month return | -24.1% | +6.4% | lowest of 21 |
| Return on equity | 44.0% | 9.7% | highest of 21 |
| Price / book | 2.35× | 1.21× | 2nd most expensive of 21 |
| Trailing P/E | 5.5× | 12.1× | 3rd cheapest of 21 |
| ROE the price implies | 14.3% | 10.2% | 3rd most demanding of 20 |
| ROE delivered | 44.0% | 9.8% | highest of 20 |
| Bond spread | 128 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Western Union WU | United States | $2.15B | -24% | -2% | 44% | 2.35× | 14.3% | 44.0% |
| Bank of N.T. Butterfield & Son Limited (The) NTB | United States | $2.15B | -3% | 0% | 21% | 1.94× | 12.0% | 21.1% |
| 1st Source SRCE | United States | $2.09B | +18% | +4% | 14% | 1.59× | 10.5% | 13.9% |
| Enterprise Financial Services EFSC | United States | $2.21B | +4% | +2% | 10% | 1.20× | 10.2% | 9.6% |
| Hilltop HTH | United States | $2.07B | -4% | -2% | 7% | 0.98× | 9.1% | 6.6% |
| Bank of Zhengzhou 6196.HK | Hong Kong | $2.06B | -14% | -3% | 3% | 0.15× | 3.5% | n/a |
| First Commonwealth Financial FCF | United States | $2.03B | +13% | +4% | 11% | 1.37× | 10.4% | 11.4% |
| Juroku Financial Group,Inc 7380.T | Japan | $2.30B | 0% | +16% | 6% | 0.70× | 6.3% | 6.1% |
| City Union Bank CUB.NS | India | $2.31B | +8% | +22% | 14% | 1.94× | 29.8% | 14.1% |
| First Busey BUSE | United States | $2.33B | +8% | +17% | 10% | 1.03× | 8.8% | 9.8% |
| Bancorp TBBK | United States | $1.97B | -15% | -7% | 33% | 2.96× | 26.3% | 33.0% |
| San-in Godo Bank 8381.T | Japan | $1.95B | +5% | +27% | 8% | 0.91× | 5.9% | 8.1% |
| Banco di Desio e della Brianza BDB.MI | Italy | $2.37B | +80% | +2% | 9% | 1.41× | 12.0% | 9.0% |
| Wuxi Rural Commercial Bank 600908.SS | China | $1.94B | +3% | -5% | 10% | 0.54× | 2.8% | 10.1% |
| Merchants Bancorp MBIN | United States | $2.38B | +12% | 0% | 14% | 1.23× | 12.6% | 13.6% |
| German American Bancorp GABC | United States | $1.88B | +15% | +12% | 13% | 1.63× | 11.0% | 12.8% |
| Dah Sing Banking 2356.HK | Hong Kong | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% | 7.5% |
| Stock Yards Bancorp SYBT | United States | $2.46B | +10% | +10% | 32% | 2.17× | n/a | 32.4% |
| Qingdao Rural Commercial Bank 002958.SZ | China | $2.47B | -2% | -9% | 8% | 0.41× | 2.5% | 7.9% |
| Dime Commercial Bancshares DCOM | United States | $1.85B | +13% | +14% | 9% | 1.39× | 12.4% | 9.4% |
| North Pacific Bank 8524.T | Japan | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% | 7.1% |
Western Union has 4 bonds outstanding with $1.67B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 5.98%, a spread of 128 bp over government bonds.