Western Union
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.
Western Union was founded in 1851 and is headquartered in Englewood, US
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Key People/Management at Western Union
Hikmet Ersek
President, CEO, Director
Raj Agrawal
Executive Vice President, Chief Financial Officer
Odilon Almeida
President, Western Union Global Money Transfer
Jean Farah
President, Global Payments
Sheri Rhodes
Executive Vice President, Chief Technology Officer
Caroline Tsai
Executive Vice President, General Counsel and Corporate Secretary
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Western Union Office Locations
Western Union has offices in Istanbul, Glasgow, Hanover, Pensacola and in 59 other locations
Englewood, US (HQ)
12500 East Belford Avenue
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Western Union Financials and Metrics
Western Union Financials
Western Union's revenue was reported to be $5.42 b in FY, 2016 which is a 1.1% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2017) | 1.4 b |
Gross profit (Q2, 2017) | 536 m |
Gross profit margin (Q2, 2017), % | 38.9% |
Net income (Q2, 2017) | 166.5 m |
EBIT (Q2, 2017) | 214.8 m |
Market capitalization (18-Jun-2018) | 9.6 b |
Closing share price (18-Jun-2018) | 20.8 |
Western Union's current market capitalization is $9.6 b.
- Source: SEC Filings
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 |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.4 b | 1.4 b | 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 | 1.4 b |
Cost of goods sold | 818.2 m | 797.2 m | 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 | 842.9 m |
Gross profit | 590.6 m | 553.6 m | 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 | 536 m |
Gross profit Margin, % | 42% | 41% | 41% | 42% | 42% | 42% | 42% | 40% | 40% | 40% | 39% | 39% |
- Source: SEC Filings
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 |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.7 b | 1.7 b | 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 | 1.1 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 | 3.2 b | 3.2 b | 3.2 b | |
Total Assets | 9.9 b | 9.9 b | 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 | 9.4 b | 9.2 b |
Accounts Payable | 599.1 m | 574.4 m | 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 | 523.8 m |
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) |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 214.4 m | 203 m | 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 | |
Interest Paid | 23 m |
Western Union Revenue Breakdown
Western Union revenue breakdown by business segment: 7.3% from Business Solutions, 11.5% from Consumer-to-Business, 79.4% from Consumer-to-Consumer and 1.9% from Other
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Western Union Online and Social Media Presence
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Western Union News and Updates
May 10, 2018
Western Union has gone all in on their chatbot — learn why (VB Live)
VB LIVE: Chatbots are the most accessible way to leverage AI, and major brands are demonstrating how they can create powerful, engaging human-to-AI experiences and transform customer service.
April 05, 2018
Western Union: Better Than Ever
January 22, 2018
Western Union CEO: Moving Money Is About Connecting People
Hikmet Ersek knows just how important the service his company offers is to people all around the world.
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