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Sep 30, 2023
Western Union Q3 2023 Earnings Report
Reported third quarter results, exceeding expectations driven by revenue growth from Iraqi monetary policy change and positive global branded digital revenue growth.
Key Takeaways
Western Union's third-quarter revenue reached $1.10 billion, a 1% increase on a reported basis, or 7% on an adjusted basis. GAAP EPS was $0.46, and adjusted EPS was $0.43, both increasing 2% year-over-year. The company improved its full-year 2023 outlook.
Q3 GAAP revenue of $1.10 billion grew 1% on a reported basis, or 7% on an adjusted basis.
Q3 GAAP EPS of $0.46 and Q3 adjusted EPS of $0.43 both increased 2% year-over-year.
Branded Digital business achieved 3% revenue growth in Q3 on double-digit transaction growth.
Company improves full-year 2023 outlook.
Western Union
Western Union
Western Union Revenue by Segment
Revenue by Segment
Consumer Money Transfer Revenue
CapyFin.com Forward Guidance
The company improved its 2023 full-year revenue and EPS outlook. The outlook assumes no material changes in macroeconomic conditions, including changes in foreign currencies or Argentinian inflation.
Positive Outlook
- Revenue: (4%) to (3%)
- Adjusted revenue: 0% to 1%
- Operating Margin: 18% to 20%
- Adjusted Operating Margin 19% to 21%
- EPS $1.67 to $1.74