earnings
confidence high
sentiment positive
materiality 0.75
Western Union Q1 revenue $1.05B (+1%), EPS $0.41; raises 2024 guidance
Western Union CO
2024-Q1 EPS reported
$0.41
revenue$1,049,100,000
- GAAP revenue $1.05B (+1% reported, +3% adjusted); GAAP EPS $0.41 (+3%), adjusted EPS $0.45 (+5%).
- Consumer Money Transfer transactions +6%, Branded Digital revenue +9% and transactions +13%.
- Raised full-year 2024 GAAP revenue outlook to $4.125B-$4.200B (from $4.075B-$4.175B) and GAAP EPS to $1.62-$1.72 (from $1.57-$1.67).
- Adjusted operating margin 19.7% vs 20.5% a year ago; GAAP operating margin 18.3% vs 19.7%.
- Branded Digital now 23% of CMT revenue and 31% of CMT transactions.