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Sep 30, 2022
Western Union Q3 2022 Earnings Report
Western Union's Q3 2022 performance declined compared to the previous year due to the suspension of operations in Russia and Belarus, and a decrease in digital business, but was in line with the company's prior outlook.
Key Takeaways
Western Union's Q3 2022 revenue was $1.1 billion, a 15% decline on a reported basis, or 6% on a constant currency basis excluding the contribution from Business Solutions, compared to the prior year period. GAAP EPS was $0.45, and adjusted EPS was $0.42. The company reaffirmed its full year financial outlook.
Q3 GAAP EPS was $0.45, while adjusted EPS was $0.42.
Revenue declined 15% on a reported basis, or 6% on a constant currency basis excluding the contribution from Business Solutions, compared to the prior year period.
C2C revenues declined 11% on a reported basis, or 8% constant currency, while transactions declined 12% compared to the prior year period.
Digital money transfer revenues declined 12% on a reported basis, or 9% constant currency, while transactions declined 20%.
Western Union
Western Union
Western Union Revenue by Segment
Revenue by Segment
Consumer Money Transfer Revenue
CapyFin.com Forward Guidance
The Company reaffirmed its full year 2022 financial outlook provided on August 3, 2022. The outlook assumes current macroeconomic conditions will continue for the remainder of the year.