The Western Union Company is an American financial service and communications company. The Company manages its business around the consumers and businesses it serves and the types of services it offers. Each of Western Union's three segments addresses a different combination of customer groups, distribution networks, and services offered. Its segments are Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company's Сonsumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. The Consumer-to-Business segment provides options to make one-time or recurring payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers and government agencies. Its Business Solutions operating segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.
Company Growth (employees)
Western Union was founded in 1851 and 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 61 other locations
Englewood, US (HQ)
12500 East Belford Avenue
Western Union Data and Metrics
Western Union Financial Metrics
Western Union's revenue was reported to be $1.3 b in Q1, 2017
USD
Revenue (Q1, 2017) | 1.3 b |
Gross profit (Q1, 2017) | 501.9 m |
Gross profit margin (Q1, 2017), % | 39% |
Net income (Q1, 2017) | 161.7 m |
EBIT (Q1, 2017) | 239.5 m |
Market capitalization (22-Sep-2017) | 9 b |
Cash (31-Mar-2017) | 1.3 b |
Western Union's current market capitalization is $9 b.
- Source: SEC Filings
| 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 |
| 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% |
- Source: SEC Filings
| 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 |
| 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 |
| 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) |
| 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 |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 130.2 k |
Financial Leverage | 12.6 x |
Western Union Market Value History
Western Union Revenue Breakdown
Western Union Median Salaries
Source: 161 public H-1B filings from Western Union
