Western Union (WU) Gross Margin (2009 - 2026)
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.
Powered by 
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
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% |
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_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();