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Dec 31, 2021
Western Union Q4 2021 Earnings Report
Reported fourth quarter and full year financial results, with digital money transfer revenue growing 22% for the full year and announcing a new $1 billion share repurchase authorization.
Key Takeaways
Western Union's Q4 2021 revenue increased by 1% to $1.3 billion, driven by digital money transfer and Business Solutions, although retail money transfer declined. GAAP EPS was $0.42, while adjusted EPS reached $0.64. The company announced a new $1 billion share repurchase program and a dividend of $0.235 per share.
Digital money transfer revenues increased 13% on a reported basis.
Western Union Business Solutions revenues increased 22% on a reported and constant currency basis.
GAAP operating margin in the quarter was 24.7%, compared to 17.9% in the prior year period.
Company returned $268 million to shareholders in the fourth quarter.
Western Union
Western Union
Western Union Revenue by Segment
Revenue by Segment
Consumer Money Transfer Revenue
CapyFin.com Forward Guidance
The Company expects the following financial outlook for full year 2022, which assumes no material change in macro-economic conditions.