Western Union Q3 2023 Earnings Report
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
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income