Western Union's revenue in 2023 decreased by nearly three percent compared to 2022, a recovery from the biggest decline recorded by the remittance company. This decreased is based on a reported basis. Analysts reported that the closing of operations in Russia and Belarus, due to the war in Ukraine, impacted Western Union's revenue by roughly two percentage points in 2022. Another reason for the revenue decline was growing inflation in Argentina, which impacted the company by approximately one percentage point.
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Statista, & U.S. Securities and Exchange Commission. (February 22, 2024). Revenue of Western Union from 2009 to 2023 [Graph]. In Statista. Retrieved November 12, 2024, from https://www.statista.com/statistics/1103918/western-union-revenue/
Statista, und U.S. Securities and Exchange Commission. "Revenue of Western Union from 2009 to 2023." Chart. February 22, 2024. Statista. Accessed November 12, 2024. https://www.statista.com/statistics/1103918/western-union-revenue/
Statista, U.S. Securities and Exchange Commission. (2024). Revenue of Western Union from 2009 to 2023. Statista. Statista Inc.. Accessed: November 12, 2024. https://www.statista.com/statistics/1103918/western-union-revenue/
Statista, and U.S. Securities and Exchange Commission. "Revenue of Western Union from 2009 to 2023." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/1103918/western-union-revenue/
Statista & U.S. Securities and Exchange Commission, Revenue of Western Union from 2009 to 2023 Statista, https://www.statista.com/statistics/1103918/western-union-revenue/ (last visited November 12, 2024)
Revenue of Western Union from 2009 to 2023 [Graph], Statista, & U.S. Securities and Exchange Commission, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/1103918/western-union-revenue/
