EarningsQ2 2026 Earnings Report
MX:WU Q2 2026 EPS Results
Actual EPS$5.57
Consensus EPS$7.55
Beat/MissMissed by -$1.98
One Year Ago EPS$7.55
MX:WU Q2 2026 Revenue Results
Actual Revenue$18.19B
Expected Revenue$18.34B
Beat/MissMissed by -$143.88M
YoY Revenue Growth-1.15%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:WU Upcoming Earnings
Western Union's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:WU Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced: the company showed resilience in revenue (Q2 $1.0B, only -1% adj), transaction growth (+3% CMT; +25% branded digital transactions), improved cash generation (+45% YTD) and launched strategic initiatives (Beyond Efficiency, USDPT/DAN) aimed at long-term improvement. However, near-term profitability is under clear pressure — adjusted EPS fell to $0.31, adjusted operating margin was 15%, Americas retail and low-RPT digital mix (particularly Middle East partnerships and rapid payout-to-account migration) are compressing contribution profit per transaction, and signing bonuses / higher commissions are raising costs. Management has a concrete cost program and updated 2026 guidance but faces execution and regulatory risks (Intermex timing) while mix shifts persist.Company Guidance
Revenue Largely Stable at $1 Billion
GAAP revenue of $1.0 billion in Q2; adjusted revenue declined only 1% year-over-year, a meaningful improvement from down 5% last year, reflecting geographic diversification and resilient underlying demand.
Consumer Money Transfer Transaction Growth
Consumer money transfer (CMT) transactions grew 3% in the quarter (a 300-basis-point improvement from Q1 and a 600-basis-point improvement year-over-year), the highest transaction growth rate since Q2 2024.
Branded Digital Momentum
Branded digital transactions increased 25% in the quarter while branded digital adjusted revenue rose 6%; digital payout-to-account activity accelerated (management reported ~50%–55% growth), demonstrating strong engagement despite lower revenue-per-transaction in some corridors.
Consumer Services Expansion
Consumer Services adjusted revenue grew 12% in Q2 and the segment now represents ~15% of total revenue (up from 6% in 2022), driven by bill pay, travel money, and the anniversary of the EuroChain acquisition.
Improved Operating Cash Flow and Liquidity
Year-to-date operating cash flow of $214 million, up 45% versus prior year; cash on hand reported at ~$920 million with total liquidity ~ $2.7 billion, providing runway for strategic initiatives.
Cost-Reduction Program Launched (Beyond Efficiency)
Announced Beyond Efficiency program targeting $50 million of run-rate operating cost reductions by year-end and $200 million of run-rate savings by end of 2027, including closing redundant European wallets (~$6M–$8M run-rate savings), a 20% reduction in discretionary ops/tech work, increased AI adoption, regional operating alignment, and lower payout costs.
Digital-Asset Infrastructure Live
Launched USDPT (stablecoin) in May, introduced a USDPT treasury bridge, launched the Digital Asset Network (DAN), and rolled out a USDPT Stable Card — establishing core building blocks to improve settlement speed, liquidity management and open new revenue channels.
Updated Full-Year Guidance
Company updated 2026 guidance to adjusted revenue growth of 4%–6% inclusive of Intermex (modeled on a Sept. 1 close) and adjusted EPS guidance of $1.25–$1.35, expecting H2 EPS to be stronger than H1 driven by efficiencies, seasonality and new agent ramp.
MX:WU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed