Western Union (WU) Gross Margin (2009 - 2026)
Western Union (WU) posted Gross Margin of 33.21% for Q2 2026, little changed on a QoQ basis from 33.36% in Q1 2026, and down 414.0% year-over-year from 10.58% in Q2 2025.
Analysis
Western Union (WU) Gross Margin (2009 - 2026) Analysis & Trends
Western Union has reported Gross Margin for 18 years, with the latest figure at 33.21% in Q2 2026.
- On a quarterly basis, Gross Margin fell 414.0% year-over-year to 33.21% in Q2 2026; TTM through Jun 2026 was 35.09%, a 211.0% decrease from a year earlier, with the FY2025 full-year figure at 37.03%, down 72.0% from the prior year.
- Gross Margin was 33.21% for Q2 2026 at Western Union, roughly flat from 33.36% in the prior quarter.
- The five-year high for Gross Margin was 43.32% in Q1 2022, with the low at 33.21% in Q2 2026.
- Average Gross Margin over 5 years is 38.08%, with a median of 37.64% recorded in 2022.
- The largest YoY upside for Gross Margin was 166 bps in 2022 against a maximum downside of 669 bps in 2022.
- Over 5 years, Gross Margin stood at 37.63% in 2022, then climbed by 0 bps to 37.65% in 2023, then decreased by 0 bps to 37.47% in 2024, then decreased by 4 bps to 36.0% in 2025, then dropped by 8 bps to 33.21% in 2026.
- The last three Gross Margin figures came in at 33.21% (Q2 2026), 33.36% (Q1 2026), and 36.0% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wise | 14.14 Bn | 14.14 Bn | - | - |
| 2 | Remitly Global | 4.64 Bn | 3.97 Bn | 333.98 Mn | 67.45% |
| 3 | Western Union | 1.92 Bn | 1.00 Bn | 336.50 Mn | 33.21% |
| 4 | International Money Express | 364.55 Mn | 213.91 Mn | - | - |
| 5 | Currenc | 196.10 Mn | 141.78 Mn | 3.70 Mn | 42.74% |
| 6 | Sentage Holdings | 4.77 Mn | 4.77 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.21% |
| Mar 31, 2026 | 33.36% |
| Dec 31, 2025 | 36.00% |
| Sep 30, 2025 | 37.71% |
| Jun 30, 2025 | 37.36% |
| Mar 31, 2025 | 37.05% |
| Dec 31, 2024 | 37.47% |
| Sep 30, 2024 | 36.91% |
| Jun 30, 2024 | 37.74% |
| Mar 31, 2024 | 38.87% |
| Dec 31, 2023 | 37.65% |
| Sep 30, 2023 | 37.40% |
| Jun 30, 2023 | 40.26% |
| Mar 31, 2023 | 39.29% |
| Dec 31, 2022 | 37.63% |
| Sep 30, 2022 | 41.51% |
| Jun 30, 2022 | 42.63% |
| Mar 31, 2022 | 43.32% |
| Dec 31, 2021 | 44.33% |
| Sep 30, 2021 | 44.02% |