Filing Flows › Western Union (WU) › Q2 2026 › vs Q1 2026
Western Union (WU) Q2 2026 vs Q1 2026 (quarter over quarter)
Western Union's revenue rose $30.5M (+3%) from $983M in Q1 2026 to $1.0B in Q2 2026. The biggest changes: Consumer Money Transfers +$20.7M (+2%); Consumer Services +$9.8M (+7%). Operating margin 13.0% against 12.5% (+0.5 pts).
Western Union, Q2 2026: revenue $1.0B (-1% year over year), operating margin 13.0%, net earnings $76.7M, operating cash flow $105M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 12.5% | +0.5 pts |
| Net margin | 7.6% | 6.6% | +1.0 pts |
| Free cash flow margin | 9.3% | 10.4% | -1.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Consumer Money Transfers | $866M | $845M | $20.7M | +2% |
| Consumer Services | $147M | $137M | $9.8M | +7% |
| Revenue | $1.0B | $983M | $30.5M | +3% |
| Operating profit | $132M | $123M | $9.1M | +7% |
| Costs & expenses | $881M | $860M | $21.4M | +2% |
| Pre-tax earnings | $95.4M | $90.1M | $5.3M | +6% |
| Other expense, net | $36.7M | $32.9M | $3.8M | +12% |
| Cost of revenue | $677M | $655M | $21.8M | +3% |
| SG&A | $204M | $205M | −$400K | -0.2% |
| Net earnings | $76.7M | $64.7M | $12.0M | +19% |
| Income tax | $18.7M | $25.4M | −$6.7M | -26% |
| Depreciation & amortization | $49.3M | $46.7M | $2.6M | +6% |
| Share-based compensation | $7.9M | $8.9M | −$1.0M | -11% |
| Working capital & other | $29.0M | $11.3M | $17.7M | +157% |
| Operating cash flow | $105M | $109M | −$4.1M | -4% |
| Free cash flow (OCF − capex) | $94.6M | $103M | −$8.0M | -8% |
| Capital expenditures | $10.3M | $6.4M | $3.9M | +61% |
Questions
How much did Western Union's revenue grow quarter over quarter in Q2 2026?
Western Union's revenue rose $30.5M (+3%) from $983M in Q1 2026 to $1.0B in Q2 2026.
What drove Western Union's revenue change in Q2 2026?
Consumer Money Transfers +$20.7M (+2%); Consumer Services +$9.8M (+7%).