Western Union (WU) Gross Margin (2009 - 2026)

Western Union (WU) posted quarterly Gross Margin of 30.97% for Q1 2026, down 608.0% year-over-year from 6.1% in Q1 2025, and up 35.12% on a QoQ basis from 22.92% in Q4 2025.

Western Union (WU) Gross Margin (2009 - 2026) Analysis & Trends

Western Union (WU) has reported Gross Margin for 18 consecutive years, with 30.97% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Gross Margin fell 608.0% year-over-year to 30.97%; the TTM figure through Mar 2026 stood at 31.12% (down 553.0% YoY), while the FY2025 annual figure was 34.26%, down 349.0% from the prior year.
  • Gross Margin came in at 30.97% for Q1 2026 at Western Union, up from 22.92% in the prior quarter.
  • The five-year high for Gross Margin was 42.63% in Q2 2022, with the low at 21.76% in Q4 2022.
  • Average Gross Margin over 5 years is 35.17%, with a median of 35.7% recorded in 2023.
  • Across the five-year window, Gross Margin plunged 2008 bps in 2022 and jumped 1366 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 21.76% in 2022, then surged by 63 bps to 35.42% in 2023, then climbed by 6 bps to 37.47% in 2024, then plunged by 39 bps to 22.92% in 2025, then surged by 35 bps to 30.97% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 30.97%, 22.92%, and 34.72% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Visa 587.74 Bn 575.34 Bn - -
2 Mastercard 465.55 Bn 455.34 Bn - -
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 92.17%
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 93.80%
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 78.22%
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 84.45%
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 94.24%
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 97.03%
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn 71.98%
10 Western Union 24.33 Mn -884.87 Mn 293.80 Mn 30.97%

Historic Data

Download Data
DateValue
Mar 31, 2026 30.97%
Dec 31, 2025 22.92%
Sep 30, 2025 34.72%
Jun 30, 2025 34.65%
Mar 31, 2025 37.05%
Dec 31, 2024 37.47%
Sep 30, 2024 34.21%
Jun 30, 2024 37.74%
Mar 31, 2024 38.87%
Dec 31, 2023 35.42%
Sep 30, 2023 34.73%
Jun 30, 2023 37.04%
Mar 31, 2023 35.70%
Dec 31, 2022 21.76%
Sep 30, 2022 41.51%
Jun 30, 2022 42.63%
Mar 31, 2022 40.48%
Dec 31, 2021 41.84%
Sep 30, 2021 44.02%
Jun 30, 2021 41.46%