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Western Union vs MSCI: WU and MSCI compared
Western Union is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $892M for MSCI (Q3 2026). MSCI is growing faster (+12% against -2% a year earlier). MSCI is more profitable, with an operating margin of 56.3% against 13.0%.
Where the money goes: WU and MSCI
Western Union (WU) · Q3 2026
Western Union, Q3 2026: revenue $1.0B (-2% year over year), operating margin 13.0%, net earnings $78.0M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
MSCI (MSCI) · Q3 2026
MSCI, Q3 2026: revenue $892M (+12% year over year), operating margin 56.3%, net earnings $351M, operating cash flow $436M. The chart follows the revenue to costs, profit and cash.
| Western Union (WU) | MSCI (MSCI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.0B | $892M |
| Revenue growth, Y/Y | -2% | +12% |
| Operating margin | 13.0% | 56.3% |
| Net earnings | $78.0M | $351M |
| Net margin | 7.7% | 39.3% |
| Operating cash flow | $107M | $436M |
| Free cash flow | $99.9M | $423M |
| Market value | $2.2B | $46.3B |
| P/E | 6.6× | 33.9× |
| Analysts’ mean target | $6.73 | $684.12 |
Where the revenue comes from
Western Union
- Consumer Money Transfers: $857M (85%)
- Consumer Services: $152M (15%)
Questions
Which is bigger, Western Union or MSCI?
Western Union is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $892M for MSCI (Q3 2026).
Is Western Union or MSCI growing faster?
MSCI is growing faster (+12% against -2% a year earlier).
Which is more profitable, Western Union or MSCI?
MSCI is more profitable, with an operating margin of 56.3% against 13.0%.
More: Western Union earnings · how Western Union makes money · MSCI earnings · how MSCI makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.