Macroeconomic And Geopolitical ChallengesAn increasingly negative political and macro environment for Western Union as immigrant deportations pressure US remittances sent abroad, which could persist as a headwind and add to existing competitive pressures.
Regulatory And Tax ImpactsManagement estimates about 20% of total revenue is exposed to the 2026 tax change, which will charge consumers a 1% tax on remittances.
Revenue And Earnings PressureRevenue came in below consensus with weakness in North America CMT, more acutely in retail than digital.