Western Union reported third quarter 2026 GAAP revenue of $1.01 billion, a 2% year-over-year decline, missing analyst expectations. GAAP earnings per share fell to $0.25, down from $0.43 in the prior year, primarily due to lower revenues and costs associated with the "Beyond" efficiency program. Despite retail headwinds, the company saw continued momentum in its digital transition.
Key Highlights
- GAAP revenue of $1.01 billion missed the $1.02 billion estimate, though adjusted revenue contraction was narrower at 1%.
- Branded Digital revenue grew 8% on both a GAAP and adjusted basis, supported by a 21% surge in transaction volume.
- Consumer Money Transfer segment revenue fell 2%, as a slowdown in the North American retail business offset growth in digital channels.
- Full-year 2026 adjusted EPS guidance was updated to a range of $1.28 to $1.38, compared to the previously monitored range of $1.25 to $1.35.
- The Intermex acquisition remains pending regulatory reinstatement, with either party maintaining termination rights if not completed by November 10, 2026.