The Western Union Company (WU) Income Statement
WU 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWU revenue and net income
Where WU's revenue goes
2025Each bar shows an amount and its share of revenue. WU kept 12.4% of revenue as net income.
WU profit margins
WU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.0% | −3.3% | −3.5% | −3.0% |
| Gross profit | −27.0% | −14.4% | −10.4% | −6.6% |
| Operating income | +8.0% | −3.9% | −4.1% | −3.4% |
| Net income | −46.5% | −18.1% | −7.7% | −5.0% |
| EPS (diluted) | 0.0% | −0.2% | −1.3% | +0.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WU quarterly EPS vs estimates
Western Union beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.35).
WU income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.04B | $4.21B | $4.36B | $4.48B | $5.07B | $4.83B | $5.29B | $5.59B | $5.52B | $5.42B |
| Cost of revenue | $2.88B | $2.62B | $2.67B | $2.63B | $2.90B | $2.83B | $3.09B | $3.30B | $3.35B | $3.27B |
| Gross profit | $1.16B | $1.59B | $1.69B | $1.85B | $2.17B | $2.01B | $2.21B | $2.29B | $2.17B | $2.16B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $742.8M | $863.4M | $890.2M | $964.2M | $1.05B | $1.04B | $1.27B | $1.17B | $1.23B | $1.67B |
| Total operating expenses | $375.5M | $863.4M | $867.8M | $964.2M | $1.05B | $1.04B | $1.27B | $1.17B | $1.70B | $1.67B |
| Operating income | $784.2M | $725.8M | $817.5M | $884.9M | $1.12B | $967.3M | $934.0M | $1.12B | $473.4M | $483.7M |
| Interest income | $7.9M | $11.9M | $17.6M | $87.1M | $1.4M | $3.2M | $6.3M | $4.8M | $4.9M | $3.5M |
| Interest expense | $143.2M | $119.8M | $105.3M | $101.0M | $105.5M | $118.5M | $152.0M | $149.6M | $142.1M | $152.5M |
| Income before taxes | $625.7M | $618.6M | $745.8M | $1.01B | $935.4M | $855.1M | $1.32B | $991.4M | $347.5M | $341.7M |
| Income taxes | $126.1M | −$315.6M | $119.8M | $98.0M | $129.6M | $110.8M | $263.1M | $139.5M | $904.6M | $88.5M |
| Net income | $499.6M | $934.2M | $626.0M | $910.6M | $805.8M | $744.3M | $1.06B | $851.9M | −$557.1M | $253.2M |
| EBITDA | $934.3M | $917.5M | $817.5M | $1.29B | $1.25B | $1.20B | $1.73B | $1.41B | $752.5M | $757.4M |
| EPS (diluted) | $1.75 | $1.75 | $1.74 | $1.76 | $2.19 | $1.87 | $1.71 | $1.92 | $1.79 | $1.70 |
| Gross margin | 28.7% | 37.8% | 38.7% | 41.3% | 42.9% | 41.5% | 41.7% | 41.0% | 39.3% | 39.8% |
| Operating margin | 19.4% | 17.2% | 18.8% | 19.8% | 22.1% | 20.0% | 17.6% | 20.1% | 8.6% | 8.9% |
| Net margin | 12.4% | 22.2% | 14.4% | 20.3% | 15.9% | 15.4% | 20.0% | 15.2% | −10.1% | 4.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $982.7M | $1.01B | $1.03B | $1.03B | $983.6M | $1.06B | $1.04B | $1.07B | $1.05B | $1.05B | $1.10B |
| Cost of revenue | $676.7M | $654.9M | $729.4M | $643.2M | $642.8M | $619.2M | $661.7M | $653.6M | $663.9M | $641.3M | $656.1M | $687.2M |
| Gross profit | $336.5M | $327.8M | $276.6M | $389.4M | $383.3M | $364.4M | $396.5M | $382.4M | $402.5M | $407.8M | $396.2M | $410.6M |
| Sales, general & admin | $204.4M | $204.8M | $177.7M | $187.5M | $190.6M | $187.0M | $218.4M | $217.5M | $211.8M | $215.7M | $236.9M | $199.7M |
| Total operating expenses | $204.4M | $204.8M | $79.9M | $187.5M | $190.6M | $187.0M | $218.4M | $217.5M | $211.8M | $215.7M | $236.9M | $199.7M |
| Operating income | $132.1M | $123.0M | $196.7M | $201.9M | $192.7M | $177.4M | $178.1M | $164.9M | $190.7M | $192.1M | $159.3M | $210.9M |
| Interest income | $2.2M | $2.0M | $2.0M | $2.4M | $1.8M | $1.7M | $2.3M | $2.8M | $3.7M | $3.1M | $4.6M | $3.6M |
| Interest expense | $39.5M | $36.2M | $101.7M | $175.6M | $36.7M | $32.6M | $30.4M | $32.2M | $31.1M | $26.1M | $26.3M | $27.0M |
| Income before taxes | $95.4M | $90.1M | $151.1M | $167.6M | $159.7M | $147.3M | $147.7M | $135.7M | $165.2M | $170.0M | $144.1M | $204.3M |
| Income taxes | $18.7M | $25.4M | $36.7M | $28.0M | $37.6M | $23.8M | −$238.0M | −$129.1M | $24.2M | $27.3M | $17.1M | $33.3M |
| Net income | $76.7M | $64.7M | $114.4M | $139.6M | $122.1M | $123.5M | $385.7M | $264.8M | $141.0M | $142.7M | $127.0M | $171.0M |
| EBITDA | $184.2M | $173.0M | $230.0M | $245.9M | $236.6M | $221.8M | $221.5M | $210.9M | $242.4M | $242.7M | $215.5M | $277.3M |
| EPS (diluted) | $0.31 | $0.25 | $0.45 | $0.47 | $0.42 | $0.41 | $0.40 | $0.46 | $0.44 | $0.45 | $0.37 | $0.43 |
| Gross margin | 33.2% | 33.4% | 27.5% | 37.7% | 37.4% | 37.0% | 37.5% | 36.9% | 37.7% | 38.9% | 37.7% | 37.4% |
| Operating margin | 13.0% | 12.5% | 19.6% | 19.6% | 18.8% | 18.0% | 16.8% | 15.9% | 17.9% | 18.3% | 15.1% | 19.2% |
| Net margin | 7.6% | 6.6% | 11.4% | 13.5% | 11.9% | 12.6% | 36.4% | 25.6% | 13.2% | 13.6% | 12.1% | 15.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WU's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WU financial results
In fiscal year 2025 (ended December 31, 2025), Western Union reported revenue of $4.0 billion, down 4.0% from the year before. It had net income of $499.6 million (down 46.5%), a net profit margin of 12.4%. Diluted earnings per share came to $1.75. Over five years revenue grew at an average rate of −3.5% a year.
See the WU stock overview for the latest quote and news, or the WU chart for price history and technical indicators.
WU income statement FAQ
What is Western Union's annual revenue?
Western Union reported total revenue of $4.0 billion for fiscal year 2025, which ended on December 31, 2025. That was down 4.0% from $4.2 billion the previous year.
Is Western Union profitable?
Yes. Western Union reported net income of $499.6 million in fiscal 2025, a net profit margin of 12.4%; its operating margin was 19.4%.
What is Western Union's gross margin?
Western Union's gross margin was 28.7% in fiscal 2025: for every $100 of revenue, Western Union kept $29 after the direct cost of its products and services.
How fast is Western Union growing?
Revenue grew −3.5% a year on average over the last five fiscal years, from $4.8 billion to $4.0 billion.
What are Western Union's earnings per share?
Western Union earned $1.75 per diluted share in fiscal 2025, compared with $1.75 a year earlier.
When will Western Union report its next earnings?
Western Union is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Western Union's fiscal year end?
Western Union's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.