The Western Union Company posted QQ2 2025 results with revenue of USD 1.026 billion, down 3.8% year-over-year and up 4.3% quarter-over-quarter. Gross profit reached USD 383.3 million, yielding a gross margin of 37.36%, while operating income was USD 192.7 million and EBITDA USD 236.6 million, corresponding to an EBITDA margin of approximately 23.1%. Net income totaled USD 122.1 million and basic earnings per share (EPS) stood at USD 0.37, implying a net income margin near 11.9%. The company generated negative net operating cash flow in the quarter (USD -0.3 million) and negative free cash flow of USD -7.8 million, but continues to carry a robust liquidity position with USD 1.02 billion of cash and cash equivalents and a net cash balance of roughly USD -1.02 billion on a net debt basis (i.e., net cash). The balance sheet shows sizeable intangible assets and goodwill (Goodwill USD 2.085B; Intangibles USD 332.1M) and elevated non‑current liabilities, underscoring a mature, highly regulated payments platform with substantial non-cash headwinds. Management commentary around QQ2 2025 emphasized steady core activity, discipline on cost structure, and a focus on digital/multi-channel remittance capabilities, though formal forward guidance remains limited in the data provided. Investors should weigh the durable cash generation and defensive value proposition against a backdrop of competitive pressures from fintechs and cross-border payment disruptors, regulatory risk, and macro sensitivity to remittance flows.