Western Union Full Year 2024 Earnings: EPS Beats Expectations

Western Union (NYSE:WU) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.21b (down 3.4% from FY 2023).
• Net income: US$934.2m (up 49% from FY 2023).
• Profit margin: 22% (up from 14% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$2.75 (up from US$1.69 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Western Union EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 39%.

The primary driver behind last 12 months revenue was the Consumer Money Transfer segment contributing a total revenue of US$3.80b (90% of total revenue). Notably, cost of sales worth US$2.62b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$863.4m (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$208.4m. Explore how WU's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

Be aware that Western Union is showing 4 warning signs in our investment analysis and 3 of those are potentially serious...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.