earnings
confidence high
sentiment positive
materiality 0.75
Western Union Q3 revenue $1.10B (+7% adj.); EPS $0.46/$0.43; raises FY outlook
Western Union CO
2023-Q3 EPS reported
$1.33
revenue$3,304,700,000
- Q3 GAAP revenue $1.10B, up 7% adjusted constant currency; GAAP EPS $0.46, adjusted EPS $0.43, both +2% YoY.
- Branded digital revenue +3%, transactions +12% YoY; C2C transactions +5% (including Iraq +2% retail).
- GAAP operating margin 19.2% vs 21.3%; adjusted margin 19.6% vs 20.6% due to higher tech and variable costs.
- Full-year 2023 outlook improved: adjusted revenue 0% to 1%, GAAP EPS $1.67-$1.74, adjusted EPS $1.68-$1.75.
- YTD operating cash flow $519M; returned $363M to shareholders ($263M dividends, $100M buybacks).