THE WESTERN UNION COMPANY
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $4.21B | $4.36B | $4.48B | $5.07B | $4.84B | $5.29B | $5.59B |
| Cost of Revenue | $2.55B | $2.62B | $2.67B | $2.63B | $2.90B | $2.83B | $3.09B | $3.30B |
| Gross Profit | $1.50B | $1.59B | $1.69B | $1.85B | $2.17B | $2.01B | $2.21B | $2.29B |
| Gross Margin | 37.0% | 37.8% | 38.7% | 41.3% | 42.9% | 41.5% | 41.7% | 41.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $742.8M | $863.4M | $867.8M | $964.2M | $1.05B | $1.04B | $1.27B | $1.17B |
| Operating Income | $757.3M | $725.8M | $817.5M | $884.9M | $1.12B | $967.3M | $934.0M | $1.12B |
| Operating Margin | 18.7% | 17.2% | 18.8% | 19.8% | 22.1% | 20.0% | 17.6% | 20.1% |
| Interest Expense | $143.0M | $119.8M | $105.3M | $101.0M | $105.5M | $118.5M | $152.0M | $149.6M |
| Pretax Income | $625.7M | $618.6M | $745.8M | $1.01B | $935.4M | $855.1M | $1.32B | $991.4M |
| Income Tax Expense | $126.1M | $-315.6M | $119.8M | $98.0M | $129.6M | $110.8M | $263.1M | $139.5M |
| Net Income | $499.6M | $934.2M | $626.0M | $910.6M | $805.8M | $744.3M | $1.06B | $851.9M |
| Net Margin | 12.3% | 22.2% | 14.4% | 20.3% | 15.9% | 15.4% | 20.0% | 15.2% |
| EPS (Basic) | $1.53 | $2.75 | $1.69 | $2.35 | $1.98 | $1.81 | $2.47 | $1.89 |
| EPS (Diluted) | $1.52 | $2.74 | $1.68 | $2.34 | $1.97 | $1.79 | $2.46 | $1.87 |
| Shares Outstanding (Basic) | 326.6M | 340.0M | 370.8M | 387.2M | 406.8M | 412.3M | 427.6M | 451.8M |
| Shares Outstanding (Diluted) | 327.6M | 341.1M | 371.8M | 388.4M | 408.9M | 415.2M | 430.9M | 454.4M |
| Dividends Per Share | $0.94 | $0.94 | $0.94 | $0.94 | $0.94 | $0.90 | $0.80 | $0.76 |