Western Union

Financial Services fintech money transfer payments

The Western Union Company promotes global economic opportunity and growth by bridging gaps in the financial services sector. Our growing product portfolio includes business solutions, consumer-to-consumer money transfer, bill-payment services and stored-value options such as prepaid cards. Online, by phone, from more than 100,000 ATMs and through more than 500,000 Agent locations worldwide, Western Union aims to move money anytime, anywhere and any way our customers choose, helping consumers and businesses grow.

Company Growth (employees)

Type

Public

Englewood, US

Size (employees)

10,000 (est)-6%

Website

westernunion.com

Western Union is headquartered in Englewood, US

Key People at Western Union

Hikmet Ersek

President, CEO and Director

Scott Coad

CTO

Raj Agrawal

EVP, CFO

Richard Williams

EVP & CHRO

Khalid Fellahi

SVP & GM, Western Union Digital

Kerry Agiasotis

SVP, President, Western Union Business Solutions

Odilon Almeida

EVP and President, Americas and European Union

Jean Farah

EVP and President, Middle East, Africa, Asia Pacific, Eastern Europe & CIS

John Dye

EVP, General Counsel and Secretary

David Thompson

EVP, Global Operations and Technology, CIO

Western Union Office Locations

Western Union has offices in Englewood, Vilnius, Gothenburg, San Jose and in 60 other locations

Englewood, US (HQ)

12500 East Belford Avenue

Show all (63)

Western Union Data and Metrics

Western Union Financial Metrics

Western Union's revenue was reported to be $1.3 b in Q1, 2017

Summary

USD

Western Union's current market capitalization is $9.3 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	5.2 b	5.5 b	5.7 b	5.5 b	5.6 b	5.5 b	5.4 b
Revenue growth, %		6%	3%	(2%)	1%	(2%)	(1%)
Cost of goods sold				3.2 b	3.3 b	3.2 b	3.3 b
Gross profit				2.3 b	2.3 b	2.3 b	2.2 b
Gross profit Margin, %				42%	41%	42%	40%
General and administrative expense							1.7 b
Operating expense total				4.4 b	4.7 b	4.4 b	4.9 b
EBIT				1.1 b	1.1 b	1.1 b	483.7 m
EBIT margin, %				20%	20%	20%	9%
Interest expense				195.6 m	176.6 m	167.9 m	152.5 m
Interest income				9.4 m	11.5 m	10.9 m	3.5 m
Pre tax profit				926.9 m	968.2 m	941.8 m	341.7 m
Income tax expense			142.9 m	128.5 m	115.8 m	104 m	88.5 m
Net Income				798.4 m	852.4 m	837.8 m	253.2 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	1.4 b	1.4 b	1.3 b	1.4 b	1.4 b	1.3 b	1.4 b	1.4 b	1.3 b
Cost of goods sold	827.8 m	840.5 m	771.8 m	799.4 m	817.2 m	779.4 m	821.9 m	822.9 m	800.5 m
Gross profit	577.8 m	600.4 m	549.1 m	584.2 m	582 m	518.3 m	553.8 m	554.9 m	501.9 m
Gross profit Margin, %	41%	42%	42%	42%	42%	40%	40%	40%	39%
General and administrative expense	299.5 m	286.3 m	276.8 m	333.4 m	277.5 m	259.7 m	293.5 m	276.6 m	262.4 m
Operating expense total	299.5 m	286.3 m	276.8 m	333.4 m	277.5 m	259.7 m	293.5 m	276.6 m	262.4 m
EBIT	278.3 m	314.1 m	272.3 m	250.8 m	304.5 m	258.6 m	260.3 m	278.3 m	239.5 m
EBIT margin, %	20%	22%	21%	18%	22%	20%	19%	20%	18%
Interest expense	(43.4 m)	(43.2 m)	(41.8 m)	(43.1 m)	(42.2 m)	(40.5 m)	(41 m)	(41.4 m)	(31.3 m)
Interest income	2.9 m	1.8 m	2.9 m	2.5 m	3 m	900 k	700 k	1.1 m	1.1 m
Pre tax profit	232.1 m	272.8 m	232.6 m	206.9 m	265.4 m	217.5 m	222.5 m	240 m	213.1 m
Income tax expense	38.3 m	38.7 m	28.7 m	17.6 m	33.1 m	31.8 m	16.9 m	23.1 m	51.4 m
Net Income	193.8 m	234.1 m	203.9 m	189.3 m	232.3 m	185.7 m	205.6 m	216.9 m	161.7 m

Source: SEC Filings

Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	1.7 b	2.2 b	1.4 b	1.8 b	2.1 b	1.8 b	1.3 b	877.5 m
Accounts Receivable								8.4 m
PP&E					209.9 m	206.4 m	231.8 m	220.5 m
Goodwill					3.2 b	3.2 b	3.2 b	3.2 b
Total Assets					10.1 b	9.9 b	9.5 b	9.4 b
Accounts Payable								13.2 m
Total Debt					4.2 b	3.7 b	3.2 b	2.8 b
Total Liabilities								8.5 b
Additional Paid-in Capital					390.9 m	445.4 m	566.5 m	640.9 m
Retained Earnings					877.3 m	968.7 m	977.3 m	419.3 m
Total Equity					1.1 b	1.3 b	1.4 b	902.2 m
Debt to Equity Ratio					3.8 x	2.9 x	2.3 x	3.1 x
Debt to Assets Ratio					0.4 x	0.4 x	0.3 x	0.3 x
Financial Leverage					9.2 x	7.6 x	6.7 x	10.4 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	1.6 b	1.7 b	1.8 b	1.6 b	1.4 b	1.2 b	1.2 b	1.3 b	1.3 b
Goodwill	3.2 b	3.2 b	3.2 b	3.2 b	3.2 b	3.2 b	3.2 b	3.2 b	3.2 b
Total Assets	9.9 b	9.8 b	10.4 b	10.1 b	9.8 b	9.4 b	9.4 b	9.5 b	9.5 b
Accounts Payable	553.6 m	596.1 m	580.4 m	587.8 m	648 m	579 m	512.4 m	557.4 m	973.7 m
Additional Paid-in Capital	417.3 m	429.2 m	490.9 m	541.6 m	556.1 m	585.3 m	597.3 m	628.7 m	659.7 m
Retained Earnings	810.1 m	856.2 m	931.9 m	884.2 m	912.3 m	827.9 m	877.2 m	930.9 m	259.7 m
Total Equity	1.1 b	1.2 b	1.3 b	1.3 b	1.3 b	1.2 b	1.3 b	1.4 b	750.3 m
Financial Leverage	9.2 x	8.3 x	7.7 x	7.7 x	7.3 x	7.6 x	7.1 x	6.9 x	12.6 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	798.4 m	852.4 m	837.8 m	253.2 m
Depreciation and Amortization				74.2 m
Cash From Operating Activities	1.1 b	1 b	1.1 b	1 b
Purchases of PP&E	(80.2 m)	(67.8 m)	(94.4 m)	(68.8 m)
Cash From Investing Activities	(341.3 m)	(89.4 m)	(286.4 m)	(271.1 m)
Long-term Borrowings	(300 m)	(500 m)	(500 m)	(1 b)
Dividends Paid	(277.2 m)	(265.2 m)	(316.5 m)	(312.2 m)
Cash From Financing Activities	(450.7 m)	(1.2 b)	(1.3 b)	(1.2 b)
Interest Paid	193.7 m	170.8 m	161.8 m	159 m
Income Taxes Paid	158 m	179.4 m	92.8 m	68.4 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	193.8 m	234.1 m	203.9 m	189.3 m	232.3 m	185.7 m	205.6 m	216.9 m	161.7 m

Ratios

USD	Y, 2017
Revenue/Employee	130.2 k
Financial Leverage	12.6 x

Western Union Market Value History

Western Union Job Categories

Western Union Median Salaries

Source: 161 public H-1B filings from Western Union

Market Position of Western Union

Competitors

PayPal

Technology - Public

American Express Company

Financial Services - Public

Navient

Financial Services - Public

Capital One

Financial Services - Public

Compare competitors

Western Union

Company Growth (employees)

Key People at Western Union

Hikmet Ersek

Scott Coad

Raj Agrawal

Richard Williams

Khalid Fellahi

Kerry Agiasotis

Odilon Almeida

Jean Farah

John Dye

David Thompson

Western Union Office Locations

Western Union Data and Metrics

Western Union Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (21-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

PP&E

Goodwill

Total Assets

Accounts Payable

Total Debt

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Goodwill

Total Assets

Accounts Payable

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Cash From Operating Activities

Purchases of PP&E