earnings
confidence high
sentiment neutral
materiality 0.65
Western Union Q3 rev $1.04B, down 6%; adj rev up 1% ex-Iraq; GAAP EPS $0.78 on IRS settlement
Western Union CO
2024-Q3 EPS reported
$1.61
revenue$3,151,500,000
- Q3 GAAP revenue $1.04B (-6%); adjusted revenue ex-Iraq up 1%; Branded Digital rev +8% (adj +9%), transactions +15%.
- GAAP EPS $0.78 (incl $0.40 IRS settlement benefit); adjusted EPS $0.46 vs $0.43 prior year.
- Consumer Services revenue +32% reported (+15% adj) driven by retail FX and media network; CMT transactions +3%.
- FY 2024 adjusted outlook reaffirmed: adj rev $4,150-4,225M, adj EPS $1.70-$1.80, adj op margin 19-21%.
- GAAP operating margin 15.9% vs 19.2% prior; adjusted 19.1% vs 19.6%, down on Iraq headwind and investments.