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 Openings59
Revenue (FY, 2018)$1.4 B(-9%)
Share Price (Nov 2020)$7.5 (+21%)
Cybersecurity ratingBMore

Key People/Management at MoneyGram

Alexander Holmes

Alexander Holmes

Chairman and Chief Executive Officer
Larry Angelilli

Larry Angelilli

Chief Financial Officer
Andres Villareal

Andres Villareal

Chief Compliance Officer
Robert L. Villaseñor

Robert L. Villaseñor

General Counsel and Corporate Secretary
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 (Q3, 2020)

323.2m

Net income (Q3, 2020)

10.9m

EBIT (Q3, 2020)

36.6m

Market capitalization (13-Nov-2020)

544.7m

Closing stock price (13-Nov-2020)

7.5

Cash (30-Sept-2020)

1.9b

EV

(507.7m)
MoneyGram's current market capitalization is $544.7 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
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

310.0m321.9m318.1m338.6m340.5m365.1m386.1m410.0m397.8m380.0m374.6m347.2m1.4b315.4m323.8m324.6m1.3b290.9m279.8m323.2m

Cost of goods sold

152.5m154.4m169.7m187.3m196.2m192.7m185.5m190.4m179.7m732.2m160.9m167.8m165.8m662.2m

Gross profit

186.1m186.1m195.4m198.8m213.8m205.1m194.5m184.2m167.5m715.4m154.5m156.0m158.8m622.9m

Gross profit Margin, %

55%55%54%51%52%52%51%49%48%49%49%48%49%48%
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
USDQ2, 2011

Financial Leverage

-40.5 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

MoneyGram Online and Social Media Presence

Embed Graph

MoneyGram Company Culture

  • CEO Rating

    C+

    70/100

  • Compensation

    A+

    95/100

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MoneyGram News and Updates

Thinking about buying stock in BioLineRx, Moneygram International, Hexo Corp, Acadia Healthcare, or LifeSci Acquisition?

NEW YORK, Oct. 30, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BLRX, MGI, HEXO, ACHC, and LSAC. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

MoneyGram Continues to Deliver Remarkable Momentum in Digital Business with Strong Growth in September

DALLAS, Oct. 13, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced another impressive month of digital growth in September. The Company delivered 161% year-over-year cross-border transaction...

MoneyGram to Release Third Quarter 2020 Results

DALLAS, Oct. 8, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) will announce its third quarter 2020 financial results on Friday, October 30, 2020. Alex Holmes, Chairman and Chief Executive Officer, Larry Angelilli, Chief Financial Officer, and Kamila Chytil, Chief...

MoneyGram Expands Digital Network and Mobile Wallet Capability by Integrating with Global Payment Network, Thunes

JOHANNESBURG and SINGAPORE, Aug. 26, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced a partnership with leading fintech payment network, Thunes, which will enable MoneyGram's customers to...

MoneyGram forms money transfer partnership with Airtel

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced a new partnership with Airtel Africa PLC, a leading provider of telecommunications and

Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2

With the $15.1 million in Q2, MoneyGram has so far received $43 million for providing liquidity for Ripple’s XRP-based settlement system.
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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 Andres Villareal.

  • 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 Green Dot, WorldRemit 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.