Western Union Q4 2022 Earnings Report
Key Takeaways
Western Union reported a 15% decrease in Q4 GAAP revenue to $1.1 billion, but GAAP EPS increased by 55% year-over-year to $0.65. Adjusted EPS decreased by 50% year-over-year to $0.32. The company saw growth in new U.S. outbound branded digital customers, which grew 30% during the quarter. The C2C revenues declined 11% on a reported basis, while transactions declined 12% compared to the prior year period.
Q4 GAAP revenue of $1.1 billion, down 15% on a reported basis, or 6% on an adjusted basis.
GAAP EPS of $0.65, an increase of 55% year-over-year; Adjusted EPS of $0.32, a decrease of 50% year-over-year.
New U.S. outbound branded digital customers grew 30% during the fourth quarter.
The Board of Directors approved the quarterly dividend of $0.235 per common share, payable March 31, 2023.
Western Union
Western Union
Western Union Revenue by Segment
Western Union Revenue by Geographic Location
Forward Guidance
The Company reaffirmed its 2023 adjusted full year financial outlook provided on October 20, 2022. The outlook assumes no material changes in macroeconomic conditions, including changes in foreign currencies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income