Filing Flows › Western Union (WU) › Q2 2026 › vs Q2 2025
Western Union (WU) Q2 2026 vs Q2 2025 (year over year)
Western Union's revenue fell $12.9M (-1%) from $1.0B in Q2 2025 to $1.0B in Q2 2026. The biggest changes: Consumer Money Transfers −$18.9M (-2%); Consumer Services +$6.0M (+4%). Operating margin 13.0% against 18.8% (-5.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 18.8% | -5.7 pts |
| Net margin | 7.6% | 11.9% | -4.3 pts |
| Free cash flow margin | 9.3% | -0.8% | +10.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Consumer Money Transfers | $866M | $885M | −$18.9M | -2% |
| Consumer Services | $147M | $141M | $6.0M | +4% |
| Revenue | $1.0B | $1.0B | −$12.9M | -1% |
| Operating profit | $132M | $193M | −$60.6M | -31% |
| Costs & expenses | $881M | $833M | $47.7M | +6% |
| Pre-tax earnings | $95.4M | $160M | −$64.3M | -40% |
| Other expense, net | $36.7M | $33.0M | $3.7M | +11% |
| Cost of revenue | $677M | $643M | $33.9M | +5% |
| SG&A | $204M | $191M | $13.8M | +7% |
| Net earnings | $76.7M | $122M | −$45.4M | -37% |
| Income tax | $18.7M | $37.6M | −$18.9M | -50% |
| Depreciation & amortization | $49.3M | $40.2M | $9.1M | +23% |
| Share-based compensation | $7.9M | $11.5M | −$3.6M | -31% |
| Working capital & other | $29.0M | $174M | −$145M | -83% |
| Operating cash flow | $105M | −$300K | $105M | — |
| Free cash flow (OCF − capex) | $94.6M | −$7.8M | $102M | — |
| Capital expenditures | $10.3M | $7.5M | $2.8M | +37% |
Questions
How much did Western Union's revenue grow year over year in Q2 2026?
Western Union's revenue fell $12.9M (-1%) from $1.0B in Q2 2025 to $1.0B in Q2 2026.
What drove Western Union's revenue change in Q2 2026?
Consumer Money Transfers −$18.9M (-2%); Consumer Services +$6.0M (+4%).