OverviewSuggest Edit

MoneyGram is a global financial technology company providing money transfer and payment services. The company operates in two segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services primarily to unbanked and underbanked consumers, utilizing a variety of proprietary point-of-sale platforms. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions and offers official check outsourcing services to financial institutions. 

TypePublic
Founded1940
HQDallas, US
Websitemoneygram.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2018)2,436(-17%)
Job Openings29
Revenue (FY, 2018)$1.4 B(-9%)
Share Price (May 2020)$2.4 (+8%)

Key People/Management at MoneyGram

Alexander Holmes

Alexander Holmes

Chairman and Chief Executive Officer
Larry Angelilli

Larry Angelilli

Chief Financial Officer
Robert L. Villaseñor

Robert L. Villaseñor

General Counsel and Corporate Secretary
Andres Villareal

Andres Villareal

Chief Compliance Officer
Kamila Chytil

Kamila Chytil

Chief Operating Officer
Grant Lines

Grant Lines

Chief Revenue Officer
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MoneyGram Office Locations

MoneyGram has offices in Dallas, Denver, Minneapolis, Brussels and in 14 other locations
Dallas, US (HQ)
2828 N Harwood St
Denver, US
3940 S Teller St
Minneapolis, US
6701 Parkway Cir
Brussels, BE
Joseph Stevensstraat 7
São Paulo, BR
Av. Bernardino de Campos, 98 - Andar: 6 - Sala 5 - Paraíso
Vancouver, CA
510 W Georgia St
Show all (18)

MoneyGram Financials and Metrics

MoneyGram Revenue

Embed Graph
View revenue for all periods
MoneyGram's revenue was reported to be $1.45 b in FY, 2018 which is a 9.6% decrease from the previous period.
USD

Revenue (Q1, 2020)

290.9m

Net income (Q1, 2020)

(21.5m)

EBIT (Q1, 2020)

13.1m

Market capitalization (29-May-2020)

154.8m

Closing stock price (29-May-2020)

2.4

Cash (31-Mar-2020)

1.5b

EV

(467.8m)
MoneyGram's current market capitalization is $154.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

1.6b1.6b1.4b

Revenue growth, %

(2%)(10%)

Cost of goods sold

795.6m772.2m732.2m

Gross profit

834.8m829.9m715.4m
Quarterly
Annual
USDFY, 2011FY, 2012FY, 2016FY, 2017FY, 2018

Net Income

59.4m(49.3m)16.3m(29.8m)(24.0m)

Depreciation and Amortization

46.1m43.4m79.9m75.1m76.3m

Accounts Payable

33.2m(3.5m)

Cash From Operating Activities

188.1m(56.1m)118.2m132.5m29.3m
USDY, 2020

EV/EBIT

-35.7 x

EV/CFO

17.7 x

Financial Leverage

-14.6 x
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MoneyGram Operating Metrics

FY, 2016Jan, 2017Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Countries

200 200 200 200 200 200 200 200 200 200 200

Languages

27 27 27

Locations

350 k350 k350 k350 k350 k350 k350 k350 k350 k350 k350 k350 k

Partners

850 800 750
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MoneyGram Acquisitions / Subsidiaries

Company NameDateDeal Size
Nexxo FinancialSeptember 09, 2014
Ferrum Trust
MIL Overseas Limited
MIL Overseas Nigeria Limited
Money Globe Payment Institution S.A.
MoneyGram Consulting (Shanghai) Co. Ltd.
MoneyGram India Private Limited
MoneyGram International B.V.
MoneyGram International Holdings Limited
MoneyGram International Limited
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MoneyGram Revenue Breakdown

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MoneyGram revenue breakdown by business segment: 6.9% from Financial Paper Products revenue and 93.1% from Global Funds Transfer revenue

MoneyGram revenue breakdown by geographic segment: 51.4% from United States and 48.6% from International

MoneyGram Online and Social Media Presence

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MoneyGram Company Culture

  • CEO Rating

    C+

    70/100

  • Compensation

    A+

    95/100

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MoneyGram News and Updates

MoneyGram Direct-to-Consumer Digital Business Growth Continues to Accelerate

DALLAS, March 17, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today reported nearly 60% year-over-year transaction growth for MoneyGram Online year-to-date through February – an acceleration from the...

Coronavirus Could Drive Digital Payments At MoneyGram

MoneyGram's shift to digital payments could pick up thanks to coronavirus.

MoneyGram International Reports Fourth Quarter and Full Year 2019 Financial Results

DALLAS, Feb. 24, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its fourth quarter and full year ending December 31, 2019. Fourth Quarter Business Update MoneyGram's business transformation continued to accelerate, demonstrated by the...

MoneyGram introduces FastSend for payments to mobile phone numbers

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money...

Brink's takes $9 million equity stake in MoneyGram

The Brink’s Company (NYSE: BCO), the global leader in total cash management, today announced that it...

Brink’s Announces Investment in MoneyGram

RICHMOND, Va., Feb. 06, 2020 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE: BCO), the global leader in total cash management, today announced that it has invested $9 million in MoneyGram International, Inc. (NASDAQ: MGI), one of the world’s largest money transfer companies. This equity investment …
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MoneyGram Frequently Asked Questions

  • When was MoneyGram founded?

    MoneyGram was founded in 1940.

  • Who are MoneyGram key executives?

    MoneyGram's key executives are Alexander Holmes, Larry Angelilli and Robert L. Villaseñor.

  • How many employees does MoneyGram have?

    MoneyGram has 2,436 employees.

  • What is MoneyGram revenue?

    Latest MoneyGram annual revenue is $1.4 b.

  • What is MoneyGram revenue per employee?

    Latest MoneyGram revenue per employee is $594.3 k.

  • Who are MoneyGram competitors?

    Competitors of MoneyGram include Western Union, PayPal and TransferWise.

  • Where is MoneyGram headquarters?

    MoneyGram headquarters is located at 2828 N Harwood St, Dallas.

  • Where are MoneyGram offices?

    MoneyGram has offices in Dallas, Denver, Minneapolis, Brussels and in 14 other locations.

  • How many offices does MoneyGram have?

    MoneyGram has 18 offices.