10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 3.5% per year over the past 5 years.
Net income has grown slower than revenue (-7.7% vs -3.5% per year).
Operating margin has contracted, at 19.5% in the latest year.
Free cash flow has declined 9.7% per year over the past 5 years.
Financial health
Total debt ($2.9B) exceeds cash ($1.2B); net debt is $1.7B.
Total debt has grown faster than revenue (1.2% vs -3.5% per year).
Total debt is 3.8× EBITDA.
Shareholder returns
Dividends have been paid for 10 consecutive years, consuming 61.8% of earnings and 61.2% of free cash flow.
The dividend has declined 3.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.9B
$500M
34.3%
19.5%
$505M
$2.9B
$1.2B
2024
$4.0B
$934M
34.9%
18.0%
$369M
$3.0B
$1.5B
2023
$4.2B
$626M
35.7%
19.7%
$760M
$2.1B
$1.3B
2022
$4.3B
$911M
38.3%
20.8%
$550M
$2.5B
$1.3B
2021
$4.9B
$806M
40.5%
23.1%
$1.0B
$2.8B
$1.2B
2020
$4.6B
$744M
38.9%
20.9%
$841M
—
$1.4B
2019
$5.0B
$1.1B
38.7%
18.6%
$867M
—
$1.5B
2018
$5.4B
$852M
38.7%
20.8%
$685M
—
$973M
2017
—
-$557M
—
—
$673M
—
$838M
2016
—
$253M
—
—
$973M
—
$878M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$949M
$65M
31.0%
13.0%
$103M
$2.3B
$909M
Dec '25
$972M
$114M
33.6%
19.1%
$116M
$2.9B
$1.2B
Sep '25
$985M
$140M
34.7%
20.5%
$253M
$2.5B
$948M
Jun '25
$984M
$122M
34.6%
19.6%
-$8M
$2.5B
$1.0B
Mar '25
$939M
$124M
34.0%
18.9%
$145M
$2.5B
$1.3B
Dec '24
$1.0B
$386M
35.0%
17.5%
$120M
$3.0B
$1.5B
Sep '24
$993M
$265M
34.2%
16.6%
$205M
$2.1B
$1.1B
Jun '24
$1.0B
$141M
35.0%
18.7%
-$39M
$2.1B
$1.0B
Mar '24
$996M
$143M
35.6%
19.3%
$83M
$2.1B
$1.1B
Dec '23
$1.0B
$127M
35.4%
15.7%
$258M
$2.1B
$1.3B
Sep '23
$1.1B
$171M
34.7%
20.0%
$250M
$2.1B
$1.1B
Jun '23
$1.1B
$176M
37.0%
21.9%
$122M
$2.1B
$1.6B
Mar '23
$979M
$152M
35.7%
20.9%
$131M
$2.5B
$1.2B
Dec '22
$1.0B
$249M
34.2%
14.6%
$48M
$2.5B
$1.3B
Sep '22
$1.0B
$174M
38.4%
22.4%
$210M
$2.5B
$1.2B
Jun '22
$1.1B
$194M
39.6%
24.4%
$102M
$2.5B
$1.2B
Mar '22
$1.1B
$293M
40.5%
21.6%
$190M
$2.5B
$1.3B
Dec '21
$1.2B
$169M
41.8%
25.8%
$348M
$2.8B
$1.2B
Sep '21
$1.2B
$233M
41.5%
25.9%
$328M
$2.8B
$1.0B
Jun '21
$1.2B
$223M
39.1%
20.6%
$165M
$2.8B
$1.1B
Valuation over time
How the market has priced WU against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 3.8× (Mar '23) to 4.5× (Jun '26).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.6× (Jun '26).
The dividend yield has risen from 10.5% (Mar '23) to 13.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WU growing its revenue and profit?
Over the past 5 years, Western Union Co's revenue has declined 3.5% per year, and net income declined 7.7% per year. These are computed facts, not advice.
How much debt does WU have?
As of FY2025, Western Union Co reported $2.9B of total debt against $1.2B of cash.
What is WU's profit margin?
In FY2025, gross margin was 34.3%, operating margin 19.5%, and net margin 12.9%.
What is WU's P/E ratio?
As of Jun '26, Western Union Co traded at a price-to-earnings ratio of about 4.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.