WU Western Union margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 55

Gross margin

34.1%

Operating margin

14.2%

EBITDA margin

19.2%

Net margin

8.3%

At present, Western Union reports a gross margin of 34.1%, an operating margin of 14.2%, an EBITDA margin of 19.2%, and a net margin of 8.3%. Each available margin weakened from the same period last year. Net margin recorded the strongest contraction, falling by 10.5 percentage points.

WU margin history

Gross, operating, EBITDA and net margin trends

Western Union's margins averaged 37.08% gross, 17.33% operating, 22.03% EBITDA, and 15.37% 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 10.5 percentage points. The other available margins also declined.

Gross margin expansion

-3.3pp

Operating margin expansion

-4.1pp

EBITDA margin expansion

-3.4pp

Net margin expansion

-10.5pp

WU Gross margin

The average gross margin for Western Union was 37.08% across the past 3 years. As of the latest period, the current gross margin for Western Union is 34.1%, 3 percentage points below its three-year average. The gross margin for Western Union moved between 34.1% in Sep 2026 and 38.7% in Dec 2023.

WU Operating margin

Across the last 3 years, Western Union's operating margin came to 17.33%. The current operating margin stands at 14.2%, 3.1 percentage points below its three-year average. Operating margin was highest at 18.8% in Dec 2023 and lowest at 14.2% in Sep 2026.

WU EBITDA margin

In the last 3 years, Western Union had an average EBITDA margin of 22.03%. The latest EBITDA margin for Western Union is 19.2%, 2.8 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 19.2% at its lowest in Sep 2026.

WU Net margin

Across the last 3 years, Western Union's net margin stood at 15.37%. The current net margin stands at 8.3%, 7.1 percentage points below its three-year average. Net margin was highest at 22.2% in Dec 2024 and lowest at 8.3% in Sep 2026.

WU margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 34.1%, WU stands below the Financial Services sector, the industry and its peers average. Looking at its Financial Services sector average of 83.5%, Western Union's gross margin is 59% lower.

WU margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Western Union's gross margin?

For the period ending Sep 30, 2026, WU recorded a gross margin of 34.1%.

What is Western Union's operating margin?

For the period ending Sep 30, 2026, WU recorded an operating margin of 14.2%.

What is Western Union's EBITDA margin?

As of Sep 30, 2026, WU has an EBITDA margin of 19.2%.

What is Western Union's net margin?

For the period ending Sep 30, 2026, WU recorded a net margin of 8.3%.

What are the average margins of WU?

Over the last 3 years, Western Union's margins averaged 37.1% gross, 17.3% operating, 22.0% EBITDA, and 15.4% 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 34.1% gross in Sep 2026, 14.2% operating in Sep 2026, 19.2% EBITDA in Sep 2026, and 8.3% net in Sep 2026.