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%)
Job Openings68
Revenue (FY, 2020)$1.2 B(-15%)
Share Price (Jun 2021)$9.7
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, 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

MoneyGram's revenue was reported to be $1.22 b in FY, 2020
USD

Revenue (Q1, 2021)

310.1m

Gross profit (Q1, 2021)

160.2m

Gross profit margin (Q1, 2021), %

51.7%

Net income (Q1, 2021)

(15.4m)

EBIT (Q1, 2021)

8.4m

Market capitalization (11-Jun-2021)

759.5m

Closing stock price (11-Jun-2021)

9.7

Cash (31-Mar-2021)

2.0b

EV

(380.9m)
MoneyGram's current market capitalization is $759.5 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Revenue

1.6b1.6b1.4b1.2b

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, 2018FY, 2020

Net Income

59.4m(49.3m)16.3m(29.8m)(24.0m)(7.9m)

Depreciation and Amortization

46.1m43.4m79.9m75.1m76.3m64.4m

Accounts Payable

33.2m(3.5m)29.3m

Cash From Operating Activities

188.1m(56.1m)118.2m132.5m29.3m97.3m
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

200200200200200200200200200200200

Languages

272727

Locations

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

Partners

850800750
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
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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

85/100

SecurityScorecard logo

MoneyGram Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

MoneyGram Online and Social Media Presence

Embed Graph

MoneyGram Company Culture

  • Overall Culture

    A

    80/100

  • CEO Rating

    C+

    67/100

  • Compensation

    A+

    97/100

Learn more on Comparably

MoneyGram News and Updates

MoneyGram Announces $100,000,000 At-The-Market Equity Offering Program

DALLAS, June 7, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company") announced today that it has established an "at-the-market" equity offering program (the "ATM Program") under which it may offer and sell, from time to time, shares of its common...

MoneyGram is re-entering the crypto scene with a Coinme partnership

Summary List Placement MoneyGram partnered with cryptocurrency exchange and ATM operator Coinme so its users can buy Bitcoin with cash or convert holdings into a cash withdrawal from MoneyGram locations throughout the US. The partnership is set to expand into additional markets in the second half of…

MoneyGram locations to let customers buy and sell bitcoin with cash

MoneyGram is working with cryptocurrency cash exchange Coinme to enable the cash funding and payout of digital currency purchases and sales.

MoneyGram International Reports First Quarter 2021 Results

DALLAS, May 6, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its first quarter ended March 31, 2021. First Quarter 2021 Business Highlights "Our customer-centric strategy helped drive a strong start to the year with money transfer...

MoneyGram partners Sigue on payments-as-a-service

MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced a partnership with Sigue Corporation, a leading U.S. based transnational P2P and B2B payment company.

MoneyGram International, Inc.. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm

Investors with losses are encouraged to contact the firm before April 30, 2021; click here to submit trade information Investors with losses are encouraged to contact the firm before April 30, 2021; click here to submit trade information
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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 $1.2 b.

  • What is MoneyGram revenue per employee?

    Latest MoneyGram revenue per employee is $499.7 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.