Western Union Posts Lower 1Q Profit, Says Americas Retail Business Facing Pressure

Dow Jones04-24 20:00

By Nicholas G. Miller

Western Union reported lower first-quarter profit and said that its Americas retail business was facing macro headwinds.

The company posted net income of $64.7 million, or 20 cents a share, compared with $123.5 million, or 36 cents a share, the year before.

Adjusted earnings were 25 cents a share. Analysts polled by FactSet expected 39 cents a share.

The company said profit was affected by lower fixed cost coverage in owned locations, timing of vendor incentives and higher costs associated with new strategic partnerships, as well as a large foreign currency loss and a higher tax rate.

"First quarter results reflect the continued challenges in our Americas retail business as well as a few discrete items affecting the quarter," said Chief Executive Devin McGranahan.

Revenue came in at $982.7 million, compared with $983.6 million the year prior. Wall Street expected $960.6 million.

The company reiterated its full-year guidance for non-adjusted revenue growth of 5% to 8% and adjusted earnings of $1.75 to $1.85 a share. Analysts see full-year adjusted earnings of $1.79 a share.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 24, 2026 08:00 ET (12:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts polled by FactSet expected 39 cents a share. \n\n\n  The company said profit was affected by lower fixed cost coverage in owned locations, timing of vendor incentives and higher costs associated with new strategic partnerships, as well as a large foreign currency loss and a higher tax rate. \n\n\n  \"First quarter results reflect the continued challenges in our Americas retail business as well as a few discrete items affecting the quarter,\" said Chief Executive Devin McGranahan. \n\n\n  Revenue came in at $982.7 million, compared with $983.6 million the year prior. Wall Street expected $960.6 million. \n\n\n  The company reiterated its full-year guidance for non-adjusted revenue growth of 5% to 8% and adjusted earnings of $1.75 to $1.85 a share. Analysts see full-year adjusted earnings of $1.79 a share. \n\n\n \n\n\n  Write to Nicholas G. 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