b UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32903 THE WESTERN UNION COMPANY (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorpor ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Western Union Reports First Quarter 2024 Results • Q1 GAAP revenue of $1.05 billion, up 1% on a reported basis, or up 3% on an adjusted basis • Q1 GAAP EPS of $0.41, up 3% or adjusted EPS of $0.45, up 5% • Consumer Money Transfer transactions grew 6% in Q1 led by 13% growth in Branded Digital transactions • Branded Digital revenue grew 9% on reported and adjusted basis • Raised 2024 full year guidance for revenue and EPS DENVER, April 24, 2024 – The Western Union Company ( ...

Core Viewpoint - Western Union is expected to report a decline in earnings and revenues for the first quarter of 2024, with earnings per share estimated at 40 cents, a 7% decrease from the previous year, and revenues projected at $1 billion, reflecting a 2.7% drop from the same quarter last year [2]. Group 1: Earnings Estimates - The Zacks Consensus Estimate for Western Union's first-quarter earnings per share is pegged at 40 cents, indicating a decline of 7% from the year-ago quarter's reported figure [2]. - The consensus mark for revenues is pegged at $1 billion, suggesting a 2.7% fall from the year-ago quarter's reported number [2]. Group 2: Earnings Surprise History - Western Union's bottom line has beaten estimates in each of the trailing four quarters, with an average surprise of 20.11% [3]. Group 3: Revenue Factors - Revenues in the first quarter are expected to benefit from the strength of the digital business and a stable retail business, driven by favorable transaction trends [4]. - The APAC region is likely to have contributed positively to Western Union's digital business through new customer gains and solid digital conversion rates [4]. - However, revenues in the Consumer Money Transfer (CMT) segment are expected to decline due to weakness in Europe, the Commonwealth of Independent States, and North America, although this may be offset by growth in the Middle East, Africa, South Asia, and Latin America [4]. Group 4: Segment Performance - The Zacks Consensus Estimate for the CMT unit's revenues is pegged at $921 million, indicating a 1.8% decline from the year-ago quarter's reported figure [5]. - The Consumer Services segment is expected to see revenue growth driven by retail money orders, bill payments, prepaid cards, lending products, and foreign currency exchange, with revenues estimated at $87 million, a 4.8% rise from the year-ago quarter [5]. Group 5: Cost Management - Western Union's margins are likely to improve due to cost-curbing initiatives, with total operating costs expected to decline by 1% year over year in the first quarter [6]. Group 6: Earnings Prediction Model - The current model does not predict an earnings beat for Western Union, as the Earnings ESP is 0.00% and the Zacks Rank is 4 (Sell) [7][8].

DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) and the Western Union Foundation are proud to recognize Arian Hajihassani as our CEO Scholar of the Year, the organization’s highest scholarship award for the 2023-2024 school year. Hajihassani is a first-generation university student studying biochemistry and mathematics at Duquesne University in Pittsburgh. Driven by an insatiable desire to learn and make meaningful contributions to cancer treatment and prevention, Hajihassani has already de ...

Core Viewpoint - Western Union reported a strong performance in Q4 2023, with adjusted EPS beating estimates and total revenues showing resilience despite a decline in certain segments [2][8]. Financial Performance - Adjusted EPS for Q4 2023 was 37 cents, exceeding the Zacks Consensus Estimate by 2.8% and reflecting a year-over-year increase of 15.6% [2]. - Total revenues for Q4 2023 were $1.05 billion, a decline of 3.7% year over year but a growth of 3% on a constant-currency basis, surpassing estimates by 4.8% [2]. - Adjusted operating margin improved to 16.1%, up 30 basis points year over year, aided by cost-saving measures and favorable currency changes [3]. Segment Performance - The Consumer Money Transfer (CMT) segment generated revenues of $975.5 million, down 1% year over year but beating estimates by 4.3%. Transactions in this segment increased by 5.2% year over year [4]. - The Consumer Services (CS) segment reported revenues of $76.8 million, a decline of 1% year over year, with operating income down 25% to $20.4 million [5]. Balance Sheet - As of December 31, 2023, Western Union had cash and cash equivalents of $1.27 billion, a slight decrease from $1.29 billion at the end of 2022. Total assets declined to $8.2 billion from $8.5 billion [6]. - Total stockholders' equity increased to $479 million from $477.8 million as of December 31, 2022 [7]. Full-Year Update - For the full year 2023, adjusted revenues were $4.5 billion, a 0.6% increase year over year, while total expenses decreased by 1% to $3.5 billion. Adjusted EPS for the year was $1.74, down 1.1% [8]. Capital Deployment - In 2023, Western Union returned $646 million to shareholders through dividends and share buybacks, with a dividend of 23.5 cents per share approved for Q1 2024 [9]. 2024 Guidance - The company anticipates adjusted revenues between $4.1 billion and $4.2 billion for 2024, indicating a decline of 7.2% from 2022. Adjusted EPS is expected to range from $1.65 to $1.75 [10]. - The company projects double-digit growth in the Consumer Services segment for 2024 and expects revenues from Iraq to be between $50 million and $100 million [10]. Market Position - Western Union has a subpar Growth Score of D and a Momentum Score of F, but a strong Value Score of A, placing it in the top quintile for value investment strategies [11]. - The stock has an aggregate VGM Score of C, indicating a balanced performance across different investment strategies [11].

FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32903 THE WESTERN UNION COMPANY Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR (Exact name of registrant as specified in its charter) Registrant's telephone number, includ ...

BanCoppel account holders will be able to receive up to USD $2,999 per day and USD $3,000 per month in remittances MEXICO CITY, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BanCoppel and Western Union today announced a new service for customers in Mexico to receive remittances digitally. Through the BanCoppel mobile app, which is available for Android and iOS, customers who receive cash remittances up to USD $2,999 per day and USD $3,000 per calendar month from abroad will be able to deposit them in their BanCoppel ba ...

The Western Union Company (WU) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 37 cents, which beat the Zacks Consensus Estimate by 2.8%. The bottom line rose 15.6% year over year.Total revenues declined 3.7% year over year on a reported basis or grew 3% on a constant-currency basis to $1.05 billion. The top line beat the Zacks Consensus Estimate by 4.8%.The better-than-expected quarterly earnings were due to strength in the branded digital business, growth in transactions, disciplined exp ...

The Western Union Company (NYSE:WU) Q4 2023 Earnings Conference Call February 6, 2024 4:30 PM ET Company Participants Tom Hadley - Head of Investor Relations Devin McGranahan - Chief Executive Officer Matt Cagwin - Chief Financial Officer Conference Call Participants Will Nance - Goldman Sachs Andrew Schmidt - Citi Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Ken Suchoski - Autonomous Tyler DuPont - Bank of America Operator Good day and welcome to the Western Union Fourth Quarter 2023 Results C ...

Western Union’s latest results showed increased traction in digital channels, and management pointed to omnichannel efforts as a key avenue of promise in the months and years ahead.The fourth quarter supplementals show that there was 5% growth in consumer money transfer transactions, with 13% growth in branded digital transactions, and branded digital revenue growth was 4%. Consumer money transfers at retail locations were up 0.2%.CEO Devin McGranahan said on the conference call with analysts that “It has b ...