The Western Union Company (0LVJ.L) Q3 2024 Earnings Report

The Western Union Company reported Q3 2024 revenue of $1.036 billion, down 5.63% year-over-year and 2.85% quarter-over-quarter, with a gross profit of $382.4 million and a gross margin of 32.71%. Operating income stood at $164.9 million (margin 15.92%), and EBITDA reached $210.9 million (EBITDA margin 20.36%). Net income was $264.8 million, yielding a net margin of 25.56% and an EPS of $0.78. Notably, the company benefited from a negative income tax expense of $129.1 million, which boosted reported net income and earnings per share, underscoring one-off tax dynamics rather than underlying operating leverage. Free cash flow generated was $184.8 million, reflecting a cash conversion that supports a robust balance sheet and moderate capital returns.

Cash and cash equivalents plus short-term investments totaled $2.937 billion, reinforcing liquidity against ongoing competitive and regulatory headwinds in the technology-enabled payments space. Total debt stood at $2.587 billion with net debt of $1.1619 billion, yielding a solid liquidity profile and a manageable leverage footprint. The dividend payout remained an important part of total shareholder return (dividend yield approximately 1.96% and payout ratio around 30%), while share repurchases were modest. The combination of durable cash generation and a strengthened liquidity position underpins a constructive intermediate-term investment stance, even as revenue growth remains a challenge in a highly competitive, regulated market.

Management commentary (when available) emphasized continued focus on efficiency, cost discipline, and expanding high-value offerings within Consumer-to-Consumer and Business Solutions segments. While no formal forward guidance was disclosed in the data provided, the company’s cash-flow productivity and balance sheet strength are important cushions against near-term volatility and could support selective investments in digital capabilities and SME payments going forward.