WU Western Union margins

Relative Growth: Rel. Growth: 16

Relative Strength: Rel. Strength: 15

Relative Valuation: Rel. Valuation: 90

Relative Profitability: Rel. Profitability: 59

Gross margin

35.1%

Operating margin

15.9%

EBITDA margin

20.6%

Net margin

9.8%

At present, Western Union reports a gross margin of 35.1%, an operating margin of 15.9%, an EBITDA margin of 20.6%, and a net margin of 9.8%. Each available margin weakened from the same period last year. Net margin recorded the strongest contraction, falling by 12 percentage points.

WU margin history

Gross, operating, EBITDA and net margin trends

Western Union's margins averaged 37.35% gross, 17.62% operating, 22.28% EBITDA, and 16.01% net during the last 3 years. Currently, all four current margins are below their three-year averages.

WU margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in net margin, which fell by 12 percentage points. The other available margins also declined.

Gross margin expansion

-2.1pp

Operating margin expansion

-1.5pp

EBITDA margin expansion

-1.1pp

Net margin expansion

-12pp

WU Gross margin

The average gross margin for Western Union was 37.35% across the past 3 years. As of the latest period, the current gross margin for Western Union is 35.1%, 2.3 percentage points below its three-year average. The gross margin for Western Union moved between 35.1% in Jun 2026 and 38.7% in Dec 2023.

WU Operating margin

Across the last 3 years, Western Union's operating margin came to 17.62%. The current operating margin stands at 15.9%, 1.7 percentage points below its three-year average. Operating margin was highest at 18.8% in Dec 2023 and lowest at 15.9% in Jun 2026.

WU EBITDA margin

In the last 3 years, Western Union had an average EBITDA margin of 22.28%. The latest EBITDA margin for Western Union is 20.6%, 1.7 percentage points below its three-year average. Looking back over the last 3 years, Western Union's EBITDA margin reached 23.7% at its highest point in Dec 2023 and 20.6% at its lowest in Jun 2026.

WU Net margin

Across the last 3 years, Western Union's net margin stood at 16.01%. The current net margin stands at 9.8%, 6.2 percentage points below its three-year average. Net margin was highest at 22.2% in Dec 2024 and lowest at 9.8% in Jun 2026.

WU margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 35.1%, WU stands below the Financial Services sector, the industry and its peers average. Looking at its Financial Services sector average of 83.9%, Western Union's gross margin is 58% lower.

WU margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Western Union's gross margin?

For the period ending Jun 30, 2026, WU recorded a gross margin of 35.1%.

What is Western Union's operating margin?

For the period ending Jun 30, 2026, WU recorded an operating margin of 15.9%.

What is Western Union's EBITDA margin?

As of Jun 30, 2026, WU has an EBITDA margin of 20.6%.

What is Western Union's net margin?

For the period ending Jun 30, 2026, WU recorded a net margin of 9.8%.

What are the average margins of WU?

Over the last 3 years, Western Union's margins averaged 37.4% gross, 17.6% operating, 22.3% EBITDA, and 16.0% net.

What are the highest historical margins of WU?

Over this 5-year history, WU peaked at 43.6% gross in Jun 2022, 23.4% operating in Jun 2022, 28.9% EBITDA in Dec 2022, and 22.2% net in Dec 2024.

What are the lowest historical margins of WU?

Western Union's lowest recorded margins during the past 5 years were 35.1% gross in Jun 2026, 15.9% operating in Jun 2026, 20.6% EBITDA in Jun 2026, and 9.8% net in Jun 2026.