MoneyGram International provides money transfer and payment services in the United States and internationally. 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 under banked consumers. Its bill payment services allow consumers to make bill payments, pay routine bills, or load and reload prepaid debit cards to various billers in the credit card, mortgage, auto finance, telecommunications, corrections, satellite, health care, utilities, property management, prepaid card, and collections industries. The Financial Paper Products segment provides money orders to consumers through its retail and financial institution locations; and offers official check services to financial institutions. 

Employee Rating

3.1More
TypePublic
HQDallas, US
Founded1926
Size (employees)2,936 (est)
Websiteglobal.moneygram.com
MoneyGram was founded in 1926 and is headquartered in Dallas, US
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Key People/Management at MoneyGram

Alex Holmes

Alex Holmes

CEO
Larry Angelilli

Larry Angelilli

CFO
Joann Chatfield

Joann Chatfield

Chief Marketing Officer
Aaron Henry

Aaron Henry

EVP, General Counsel & Corporate Secretary
Wayne McGurk

Wayne McGurk

Chief Information Officer
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MoneyGram Office Locations

MoneyGram has offices in Dallas, Sacramento, Istanbul, Aachen and in 60 other locations
Dallas, (HQ)
2828 North Harwood Street
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MoneyGram Financials and Metrics

MoneyGram Revenue

MoneyGram's revenue was reported to be $1.43 b in FY, 2015 which is a 1.4% decrease from the previous period.
USD

EBIT (Q2, 2018)

10.0m

Market capitalization (12-Dec-2018)

105.7m

Closing stock price (12-Dec-2018)

1.9

Cash (31-Dec-2017)

190.0m
MoneyGram's current market capitalization is $105.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

1.5b1.5b1.4b

Revenue growth, %

(1%)(1%)

EBIT

177.9m71.4m16.2m

EBIT margin, %

12%5%1%
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q1, 2015Q2, 2015Q2, 2016Q3, 2016Q2, 2017Q1, 2018

Revenue

383.0m358.0m330.6m358.8m383.7m383.1m410.0m380.0m

Sales and marketing expense

66.2m74.7m87.8m74.4m72.4m

Operating expense total

334.9m328.9m374.5m367.5m356.9m

EBIT

48.1m37.0m1.7m(15.7m)16.2m26.2m
Annual
usdY, 2011Y, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

Cash

211.7m227.9m318.8m250.6m157.2m190.0m

Accounts Receivable

Inventories

PP&E

134.8m165.6m201.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

175.2m151.6m148.6m173.1m127.4m145.1m

PP&E

125.9m133.6m140.0m145.5m174.7m192.0m198.1m196.8m201.3m204.8m212.1m

Goodwill

431.8m434.9m440.3m442.1m442.1m442.2m442.2m442.2m442.2m

Total Assets

4.9b4.8b4.6b4.6b4.5b4.3b4.3b4.4b4.4b4.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

52.4m72.1m(76.9m)16.3m

Depreciation and Amortization

50.7m55.5m66.1m79.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Net Income

22.5m39.0m25.6m(3.0m)(72.0m)4.9m(1.1m)9.1m8.8m15.0m

Depreciation and Amortization

12.5m13.6m14.8m32.0m16.8m41.6m60.2m18.3m

Accounts Payable

158.3m161.1m170.4m150.9m

Cash From Operating Activities

50.5m90.7m139.0m(46.0m)54.8m31.7m84.5m(9.6m)
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MoneyGram Operating Metrics

FY, 2014FY, 2015FY, 2016Jan, 2017Q1, 2017Q2, 2017

Countries

200 200 200 200 200

Debit Card Programs

400 400 400

Languages

27 27 27 27 27

Locations

350 k350 k350 k350 k350 k350 k
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MoneyGram Revenue Breakdown

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MoneyGram revenue breakdown by business segment: 95.3% from Global Funds Transfer revenue and 4.7% from Other

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MoneyGram Online and Social Media Presence

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MoneyGram News and Updates

MoneyGram Launches Mobile App in U.S. and 14 Additional Countries

DALLAS, Dec. 10, 2018 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) announced today its new mobile app is now available for consumers in the U.S., the company's largest send market, and 14 additional countries. The MoneyGram mobile app (IOS and Android) offers convenient features like biometric ...

MONEYGRAM LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In MoneyGram International, Inc. To Contact The Firm

NEW YORK, Nov. 29, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in MoneyGram International, Inc. ("MoneyGram" or the "Company") (NASDAQ:MGI) of the January 14, 2019 deadline to seek the role of lead plaintiff in a federal securities...

MoneyGram Continues Expansion of Digital Channels

DALLAS, Nov. 27, 2018 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) today announced its award-winning MoneyGram.com platform is now available in seven new countries. Customers in Estonia, Finland, Latvia, Lithuania, Malta, Slovakia and Switzerland can send money anytime to over two billion bank ...

RM LAW Announces Class Action Lawsuit Against MoneyGram International, Inc.

BERWYN, Pa., Nov. 27, 2018 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company") securities between February 11, 2014 and November 8,...

MoneyGram Warns Consumers to Stay Alert for Three Common Scams on Cyber Monday

DALLAS, Nov. 26, 2018 /PRNewswire/ -- As shoppers gear up for the holidays, cybercriminals are making preparations to steal their money. Online fraud attempts are expected to increase 14%* during the peak of the 2018 holiday shopping season. MoneyGram (NASDAQ:MGI), a leading financial...
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MoneyGram Company Life and Culture

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MoneyGram Frequently Asked Questions

  • When was MoneyGram founded?

    MoneyGram was founded in 1926.

  • Who are MoneyGram key executives?

    MoneyGram's key executives are Alex Holmes, Larry Angelilli and Joann Chatfield.

  • How many employees does MoneyGram have?

    MoneyGram has 2,936 employees.

  • Who are MoneyGram competitors?

    Competitors of MoneyGram include Loomis, Ant Financial and WorldRemit.

  • Where is MoneyGram headquarters?

    MoneyGram headquarters is located at 2828 North Harwood Street, Dallas.

  • Where are MoneyGram offices?

    MoneyGram has offices in Dallas, Sacramento, Istanbul, Aachen and in 60 other locations.

  • How many offices does MoneyGram have?

    MoneyGram has 64 offices.