Business
Western Union Reports First Quarter 2026 Results
DENVER--(BUSINESS WIRE)--The Western Union Company (the “Company” or “Western Union”) (NYSE: WU) today reported first quarter 2026 financial results. The Compan
About this update from Western Union Company (the)
[{"type":"text","content":" DENVER--(BUSINESS WIRE)--The Western Union Company (the “Company” or “Western Union”) (NYSE: WU) today reported first quarter 2026 financial results. The Company’s first-quarter revenue of $983 million was flat relative to the prior year period on a GAAP basis, while adjusted revenue decreased 1%. The change in adjusted revenue was largely driven by growth in our Consumer Services and Branded Digital businesses, offset by macro pressure in the Americas retail business. \"First quarter results reflect the continued challenges in our Americas retail business as well as a few discrete items affecting the quarter,\" said Devin McGranahan, President and Chief Executive Officer. \"Looking ahead, the pending acquisition of Intermex is expected to strengthen our retail capabilities in the Americas, our stablecoin launch will modernize our payment systems, and continued investment in our digital channel is preparing us for a more digitally-focused future.\" First quarter GAAP EPS was $0.20, down from $0.36 in the prior year period. Adjusted EPS was $0.25 in the first quarter, down from $0.41 in the prior year period. GAAP and Adjusted EPS in the current year period were affected by a combination of largely anticipated items, including lower fixed cost coverage in our owned locations, timing of vendor incentives, and higher costs associated with new strategic partnerships, as well as a few discrete items, including a large foreign currency loss and a higher tax rate in the quarter. Q1 Business Results Consumer Services segment revenue grew 24% on a GAAP basis, or 33% on an adjusted basis compared to the prior year period, driven by the expansion of our Travel Money business, which included the acquisition of Eurochange Limited, and higher revenues from our bill payment business. Branded Digital revenue increased 9% on a GAAP basis, and 6% on an adjusted basis, with transaction growth of 21% compared to the prior year period. The Branded Digital business represented 32% and 42% of total Consumer Money Transfer (“CMT”) revenues and transactions in the first quarter, respectively. CMT segment revenue decreased 3%, on a GAAP basis, while transactions were flat compared to the prior year period, and on an adjusted basis, revenues declined 6% compared to the prior year period. Q1 Financial Results GAAP and adjusted operating margin in the quar...