Western Union Q1 revenue $1.04B (-10% YoY); GAAP EPS $0.40, down 46%; reaffirms 2023 outlook

Western Union CO

2023-Q1 EPS reported $0.40 revenue$1,036,900,000

Q1 revenue $1.04B, down 10% reported (1% constant currency adj.); C2C transactions down 6%.
GAAP EPS $0.40 (-46% YoY); Adjusted EPS $0.43 (-16% YoY); GAAP operating margin 19.7%.
Branded digital transactions up 7% globally; new branded digital customers up 14% (U.S. outbound +21%).
Reaffirms 2023 adjusted outlook: revenue down 4%-2%, EPS $1.55-$1.65, operating margin 19%-21%.
Cash from ops $137M vs $200M prior year; returned $88M in dividends during Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Western Union CO updated its the first quarter of 2023 guidance (reaffirmed).

Period: the first quarter of 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2023, The Western Union Company (the “Company”) issued a press release relating to the Company’s earnings for the first quarter of 2023 (the “Earnings Release”).

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41 earnings releases filed in the last 30 days. Browse all earnings releases →

Western Union CO filing history →

Source: SEC EDGAR

accession 0000950170-23-016669

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