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, TX, US
Websitemoneygram.com
Employee Ratings3.2
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2018)2,436(-17%)
Revenue (FY, 2018)$1.4 B(-9%)
Share Price (Feb 2021)$10.9
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
Show more

MoneyGram Office Locations

MoneyGram has offices in Dallas, Denver, Minneapolis, Brussels and in 14 other locations
Dallas, TX, US (HQ)
2828 N Harwood St
Denver, CO, US
3940 S Teller St
Minneapolis, MN, 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 (19-Feb-2021)

788.4m

Closing stock price (19-Feb-2021)

10.9

Cash (30-Sept-2020)

1.9b

EV

(264.0m)
MoneyGram's current market capitalization is $788.4 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
Show all financial metrics

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
Show all operating metrics

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
Show more

MoneyGram Revenue Breakdown

Embed Graph

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

84/100

SecurityScorecard logo

MoneyGram Online and Social Media Presence

Embed Graph

MoneyGram Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    97/100

Learn more on Comparably

MoneyGram News and Updates

Moneygram extends debit deposit programme in EU with support from Checkout.com

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the expansion of its Visa debit card deposit service across Europe.

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

MoneyGram Mobile App Demand and Customer Retention Powers Digital P2P Transaction Growth in November

DALLAS, Dec. 9, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced the Company delivered 136% year-over-year cross-border transaction growth and 135% year-over-year revenue growth for November...

Tesco Bank and MoneyGram tweak pricing structure

The partnership between Tesco Bank and MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, has been further enhanced by the launch of a new, simplified pricing structure for international money transfers.

Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram

It is its first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.

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....
Show more

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.