Financial Data and Key Metrics - Revenue for Q3 2024 reached $1.040 billion, with adjusted revenue growth of 1% excluding Iraq, marking the second consecutive quarter of positive revenue growth [7][22] - Adjusted EPS was $0.46, up $0.03 compared to the same quarter last year, driven by higher revenues and operating profits from Iraq in the previous year [7][22] - Adjusted operating margins were 19.1%, slightly down from 19.6% last year, primarily due to elevated Iraq revenue in the prior year and strategic investments in Consumer Services [23] - Year-to-date adjusted operating margin was 19.2%, with adjusted EPS at $0.46 versus $0.43 last year, benefiting from higher adjusted revenue, lower share count, and a lower adjusted effective tax rate [24] Business Line Performance - Consumer Money Transfer (CMT) transactions grew 4% excluding Iraq, driven by the strength of the branded digital business and digital white label business [25] - Branded digital business accelerated with transaction growth of 15% and revenue growth of 9%, approaching double-digit growth aspirations [6][25] - Consumer Services segment saw 15% adjusted revenue growth, driven by expansion in FX business and Media Network business [6][17] - Retail business improved with debit card acceptance in Europe, showing transaction growth rates hundreds of basis points faster than cash-only agents [13][14] Market Performance - Latin America faced challenges due to geopolitical volatility, impacting intra-LACA migration and slowing transaction growth, particularly in the U.S. to Mexico corridor [8][54] - Europe, Middle East, and APAC regions improved, with revenue growth rates increasing by 500 to 1,000 basis points compared to Q2 [9][25] - Australia's branded digital performance was strong, reaching 25% revenue growth in Q3, driven by the new digital solution deployed in late 2022 [26] Company Strategy and Industry Competition - The company is executing its Evolve 2025 strategy, focusing on improving value proposition, expanding product offerings, and ensuring high-quality execution [4][5] - Two M&A transactions were signed, including the acquisition of Singaporean digital wallet business Dash and a digital wallet in Mexico, aimed at accelerating the company's mission to provide accessible financial solutions [18][20] - The company is investing in digital transformation, including improving the onboarding experience, marketing effectiveness, and user experience, which has translated into more customers, transactions, and revenue [10][11] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about the company's market position and progress in delivering strategic initiatives, with improving transaction trends across digital and retail businesses [21] - The company reaffirmed its 2024 adjusted outlook, expecting adjusted revenue in the range of $4.15 billion to $4.225 billion and adjusted EPS in the range of $1.70 to $1.80 [32] - The company is ahead of its original plan for the Evolve 2025 strategy, with better momentum in the retail business outside the U.S. and acceleration in Consumer Services [41][42] Other Important Information - The company entered into a settlement with the IRS, resolving one of two open disputes related to 2017 and 2018 tax returns, resulting in a $140 million noncash tax benefit and a $90 million cash payment [24] - Year-to-date, the company has returned $460 million to stockholders through dividends and share repurchases, maintaining a strong balance sheet with cash and cash equivalents of over $1 billion and debt of $2.6 billion [31] Q&A Session Summary Question: Impact of Latin America elections on Q4 guidance and U.S. election implications - The impact of Latin America elections is still fluid, but the company feels confident in its guidance for Q4 [34] - The U.S. election is not expected to have a dramatic effect on the business in the near to intermediate term, as the majority of clients are already in the U.S. and gainfully employed [35] Question: Spread between branded digital transactions and revenue growth - The spread between branded digital transactions and revenue growth widened due to the growth in payout to account transactions, which typically come at a lower revenue per transaction but are stickier customers [37] - The company targets a long-term spread of 200 to 300 basis points and is happy to keep it wide as it accelerates both revenue and transactions [38] Question: Progress towards Evolve 2025 targets and opportunities for further investment - The company is six months ahead of its original plan for the Evolve 2025 strategy, with better momentum in the retail business outside the U.S. and acceleration in Consumer Services [41] - The company is working on guidance for 2025 and plans to provide an outlook beyond 2025 in the second half of next year [44][45] Question: M&A strategy and vision for digital wallets in Singapore and Mexico - The company is focused on thoughtful and prudent deployments of capital to accelerate its strategy, with acquisitions providing access to licenses, technology, and local talent [47][48] - The acquisitions of digital wallets in Singapore and Mexico are expected to accelerate the company's ecosystem strategy and build on its momentum in key markets [18][20] Question: Retail business stability and growth drivers - The company is focused on improving operational excellence, agent network support, and customer experience at the point of sale to stabilize or grow the retail business [52] - Controlled distribution, including Western Union branded exclusive independent agents and own stores, is a key part of the strategy to achieve stable retail business [53] Question: Performance in North America, particularly U.S. to Mexico corridor - The slowdown in the U.S. to Latin America corridor, particularly Mexico, is largely macro in nature, with similar trends observed by competitors [54] - The slowdown in migration patterns in Latin America is impacting transaction growth rates, particularly in regions with high one-time customers [56] Question: Competitive environment and impact of competitor outages - The company saw some upticks in transaction volumes in markets where it competes directly with MoneyGram, but the outage did not fundamentally change the competitive environment [58] - The company remains vigilant in maintaining high-quality security and safety for its customers [58] Question: Debit card acceptance rollout and margin profile - The company is rolling out debit card acceptance in Europe and the U.S., with positive results in Europe showing higher principal per transaction and lower costs compared to cash-only transactions [69][72] - The company is monitoring the uplift in principal per transaction and transactions per location in the U.S. to determine if pricing adjustments are needed [73] Question: Expectations for Iraq in Q4 and revenue trends - The company expects Iraq revenue to be at the lower end of the $10 million to $30 million range in Q4, with volatility expected to continue [77] - The company is cautious about narrowing its public guidance due to the uncertainty in Iraq's revenue contribution [77] Question: Owned store strategy and expansion plans - The company is disciplined in selecting locations for owned stores to ensure sufficient revenue to cover fixed expenses and achieve critical mass in key markets [79] - The company is expanding its owned store network in Europe and Asia, with plans to add more locations in select countries [80] Question: Adjusted operating margins and guidance - The company has maintained a wide range for adjusted operating margins (19% to 21%) and does not expect to be at the upper end of the range, focusing instead on delivering revenue and EPS growth [83]

Western Union (WU) reported $1.04 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.6%. EPS of $0.46 for the same period compares to $0.43 a year ago.The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.44, the EPS surprise was +4.55%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Western Union (WU) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this money transfer company would post earnings of $0.44 per share when it actually produced earnings of $0.44, delivering no surprise.Over the last four quarters, the company ...

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 September 30, 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 Incorp ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Western Union Reports Third Quarter 2024 Results • Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% • Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% • Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis • Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 DENVER, October 23, 2024 – The Western Union Company (the "Company" or "Western Union") ...

Analysts on Wall Street project that Western Union (WU) will announce quarterly earnings of $0.44 per share in its forthcoming report, representing an increase of 2.3% year over year. Revenues are projected to reach $1.03 billion, declining 5.9% from the same quarter last year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company ...

Western Union (NYSE: WU ) faces significant challenges from upstart competitors and has struggled to arrest falling revenues. Despite this, cash-flow remains strong, and the company has an enduring position with customers that should persist for many years toI manage a handful of portfolios, all of which have outperformed the S&P 500 index since inception in 2020. I like to evaluate businesses as a business - not a stock ticker - and invest when I judge the market to have significantly mispriced them. I hav ...

The Western Union Company (WU) stock is currently trading at a notable discount relative to the Zacks Financial Transaction Services industry. With a forward 12-month price-to-earnings (P/E) ratio of 6.39X, it sits well below the industry average of 22.86X. The company has a Value Score of A. Image Source: Zacks Investment ResearchIn comparison, majorpayment companies such as Mastercard Incorporated (MA) and Visa Inc. (V) are way costlier at 30.59X and 24.63X, respectively.While a discount valuation often p ...

Western Union (NYSE: WU ) is a financial services business that trades at an alluring 8% dividend. Naturally, one wonders why a stock would trade at such a yield. In my view, it's because Western Union is a declining business, gradually choked out by the rise ofMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand th ...

The Western Union Company (WU) inked a deal with the Open Finance company, Khipu, enabling customers to transfer money digitally using any bank account in Chile.The agreement incorporates Khipu's technology into Western Union's mobile app and website. Earlier, customers paying through a bank account had to leave the Western Union app or website and log into their bank's platform to complete the payment. This step is now removed as a result of the latest integration, allowing the entire transaction to be com ...