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Mar 31, 2022
Western Union Q1 2022 Earnings Report
Reported a revenue decline of 4% and GAAP EPS of $0.74, with adjusted EPS at $0.51. The financial outlook was revised due to the suspension of services in Russia and Belarus.
Key Takeaways
Western Union reported a revenue decline of 4% to $1.2 billion, impacted by a decline in retail money transfer and the suspension of services in Russia and Belarus. GAAP EPS was $0.74, while adjusted EPS was $0.51. The company updated its full-year financial outlook due to the service suspensions.
Consumer-to-Consumer revenues decreased by 5% on a reported basis, with transactions declining by 4%.
Digital money transfer revenues increased by 5% and represented 25% of total C2C revenues.
The company completed the first closing of its divestiture of Business Solutions on March 1, 2022.
GAAP operating margin was 20.5%, and the adjusted operating margin was 21.8%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company updated its full year 2022 financial outlook due to suspension of operations in Russia and Belarus and other related impacts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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