Credit and interest ratespositive · 4 filings
“As of March 31, 2026, borrowings of $800 million under our Term Loan Facility were subject to floating interest rates.”10-Q · Apr 24, 2026 ↗
The Western Union Company
WU
Market read
The Western Union Company's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
What changed
- Revenue increased 1.1% versus the comparable filing period.
- Operating margin fell 5.9 percentage points.
Company-0.6% todayVolume comparison unavailable
Market group0 of 14 activeMixed Sector Exposure · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- WU's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if WU's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 1.1% versus the comparable filing period.
- Operating cash flow covered net income at 1.68x, improving versus the comparable period.
Evidence that challenges
- Operating margin fell 5.9 percentage points.
- Net income decreased 47.6% versus the comparable filing period.
- Net margin fell 6.3 percentage points.
What would clarify the read
- WU's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements75
Verified relationships4
Evidence supporting the case
- Operating margin changed +1.5 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.09x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Latest annual revenue changed -3.7% year over year.
- Net margin changed -10.3 percentage points in the latest annual period.
Questions before a position
- P/E is 54% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 38% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
6.896m-29.9%12m-20.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.9B+5.2%$1.97-1.5%
2022-12-31$4.3B-12.6%$2.34-5.0%
2023-12-31$4.2B-2.3%$1.68-4.3%
2024-12-31$4.0B-3.1%$2.74-8.3%
2025-12-31$3.9B-3.7%$1.52-4.0%
What management says matters
Persistent and emerging business drivers
Macroeconomic conditionsmixed · 4 filings
“For the three months ended March 31, 2026, the revenue decline in LACA was primarily driven by decreases in Mexico and Brazil and was also impacted by broader geopolitical and macroeconomic conditions.”10-Q · Apr 24, 2026 ↗
Legal and regulatory exposurepositive · 3 filings
“This transaction is expected to close in the second quarter of 2026, subject to the satisfaction of customary closing conditions, including receipt of remaining regulatory approvals.”10-Q · Apr 24, 2026 ↗
Pricing and mixmixed · 3 filings
“The region was impacted by declines in transactions sent from the United States to Mexico and within the United States, as well as broader geopolitical and macroeconomic conditions, evolving migration patterns across the Americas, a reduction in active agent…”10-K · Feb 20, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.6× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
6.89-0.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WU. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-24 against the comparable filing from 2025-04-23.
OperationscautiousEvidence score -1
liquidityconstructiveEvidence score +1
valuationdiscount
What improved
- Revenue increased 1.1% versus the comparable filing period.
- Operating cash flow covered net income at 1.68x, improving versus the comparable period.
What weakened
- Operating margin fell 5.9 percentage points.
- Net income decreased 47.6% versus the comparable filing period.
- Net margin fell 6.3 percentage points.
Filing receipts
“For the three months ended March 31, 2026 relative to the corresponding period in the prior year, Consumer Services GAAP and Adjusted revenues increased primarily due to revenue growth in our travel money and check acceptance services, including the benefit from Eurochange and other immaterial acquisitions, and growth in our cash-based bill payments services offered at retail locations in Argentina.”
“33 Total Other Expense, Net Total other expense, net increased for the three months ended March 31, 2026, when compared to the corresponding period in the prior year, primarily due to an increase in interest expense associated with our commercial paper borrowings.”
“For the three months ended March 31, 2026, cost of services increased compared to the corresponding period in the prior year primarily due to an increase in employee-related and other expenses associated with our Eurochange Limited (“Eurochange”) acquisition and other immaterial acquisitions that expanded our Company-operated locations, in addition to increases in direct transactional expenses including credit losses, agent commissions, and bank fees.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind WU
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
IMXIInternational Money Express, Inc.investeeApr 24, 2026 ▾
“Acquisition On August 10, 2025, we entered into an agreement to purchase the entire share capital of International Money Express, Inc.”
Depended on by
IMXIInternational Money Express, Inc.competitorMay 11, 2026 ▾
“We compete with larger companies, such as Western Union, MoneyGram, Remitly and Euronet, and a number of other smaller money services business (“MSB”) entities.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WU is currently a Follower in the organic co-movement group Mixed Sector Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.