Western Union (WU) Operating Expenses (2009 - 2026)

Western Union (WU) posted quarterly Operating Expenses of $859.7 million for Q1 2026, up 6.64% year-over-year from $806.2 million in Q1 2025, and up 4.45% on a QoQ basis from $823.1 million in Q4 2025.

Western Union (WU) Operating Expenses (2009 - 2026) Analysis & Trends

Western Union (WU) has reported Operating Expenses for 18 consecutive years, with $859.7 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 6.64% year-over-year to $859.7 million; the TTM figure through Mar 2026 stood at $3.3 billion (down 2.51% YoY), while the FY2025 annual figure was $3.3 billion, down 5.47% from the prior year.
  • Operating Expenses came in at $859.7 million for Q1 2026 at Western Union, up from $823.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $940.3 million in Q4 2022, with the low at $806.2 million in Q1 2025.
  • Average Operating Expenses over 5 years is $868.7 million, with a median of $871.1 million recorded in 2024.
  • Across the five-year window, Operating Expenses fell 15.51% in 2022 and increased 6.64% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $940.3 million in 2022, then declined by 5.03% to $893.0 million in 2023, then decreased by 1.44% to $880.1 million in 2024, then fell by 6.48% to $823.1 million in 2025, then advanced by 4.45% to $859.7 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $859.7 million, $823.1 million, and $830.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 4.00 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 3.49 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 13.88 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 6.87 Bn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 950.34 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 891.92 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.24 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 422.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -363.39 Mn
10 Western Union 24.33 Mn -884.87 Mn 293.80 Mn 859.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 859.70 Mn
Dec 31, 2025 823.10 Mn
Sep 30, 2025 830.70 Mn
Jun 30, 2025 833.40 Mn
Mar 31, 2025 806.20 Mn
Dec 31, 2024 880.10 Mn
Sep 30, 2024 871.10 Mn
Jun 30, 2024 875.70 Mn
Mar 31, 2024 857.00 Mn
Dec 31, 2023 893.00 Mn
Sep 30, 2023 886.90 Mn
Jun 30, 2023 927.40 Mn
Mar 31, 2023 832.20 Mn
Dec 31, 2022 940.30 Mn
Sep 30, 2022 857.80 Mn
Jun 30, 2022 874.30 Mn
Mar 31, 2022 918.20 Mn
Dec 31, 2021 968.00 Mn
Sep 30, 2021 967.70 Mn
Jun 30, 2021 1.03 Bn