Western Union WU
NYSE WU
$6.17 -0.36 (-5.51%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%