Western Union WU
NYSE WU
$6.11 -0.23 (-3.63%)
At close: Oct 9, 2026 · 4:00 PM EDT

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

Updated

Western Union's Gross Margin came in at 33.21% for Q2 2026, down 4.14 percentage points from 37.36% a year earlier and down 0.15 percentage points from the prior quarter.

Analysis

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

Over the trailing twelve months to Jun 30, 2026, Western Union reported Gross Margin of 35.09%, down 2.11 percentage points year-over-year; for FY2025, it came in at 37.03%, down 0.72 percentage points from FY2024.

  • Gross Margin has declined in each of the last four years, with a five-year change of -4.51 percentage points (FY2020 to FY2025).
  • Going back by year, Gross Margin was 37.75% in FY2024 (-0.93 pp), 38.68% in FY2023 (-2.64 pp), 41.32% in FY2022 (-1.56 pp) and 42.88% in FY2021 (+1.34 pp).
  • The Q2 2026 figure represents the lowest quarterly Gross Margin in data going back to Q1 2009.
  • Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -1.42 percentage points over the last eight quarters.
  • The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 4.02 percentage points), and the weakest in Q4 2022 (a drop of 6.69 percentage points).
  • Business Quant data shows WU's Gross Margin at 33.36% (Q1 2026), 36.00% (Q4 2025) and 37.71% (Q3 2025) in the three quarters before Q2 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Visa 687.36 Bn 630.68 Bn - -
2 Mastercard 513.04 Bn 472.96 Bn - -
3 Wise 14.65 Bn 14.65 Bn - -
4 Remitly Global 5.11 Bn 2.76 Bn 307.34 Mn 62.07%
5 Western Union 1.91 Bn -2.11 Bn 336.50 Mn 33.21%
6 International Money Express 382.67 Mn -237.48 Mn - -
7 Currenc 167.21 Mn -59.72 Mn 3.70 Mn 42.74%
8 Sentage Holdings 4.88 Mn 4.88 Mn - -
9 American Express 208.01 Bn -160.24 Mn - -
10 Capital One Financial 122.27 Bn 122.27 Bn - -
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%
API Access

Western Union Gross Margin API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=gross-margin&ticker=WU&period=max&api_key=YOUR_API_KEY