Western Union's operating margin decreased by two percentage points in Q2 2024, when compared to the same quarter a year before. The money transfer company lost revenue, and invested money in a new technology and marketing strategy called “Evolve 2025”. Remittances – cross-border money transfers, typically from migrants to family and friends back home – are forecast to keep growing after 2022 but at a slower pace than before.
Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024
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Statista, & US Securities and Exchange Commission. (July 30, 2024). Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/
Statista, und US Securities and Exchange Commission. "Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024." Chart. July 30, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/
Statista, US Securities and Exchange Commission. (2024). Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/
Statista, and US Securities and Exchange Commission. "Operating Margin of Western Union from 1st Quarter 2009 to 2nd Quarter 2024." Statista, Statista Inc., 30 Jul 2024, https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/
Statista & US Securities and Exchange Commission, Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024 Statista, https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/ (last visited August 24, 2024)
Operating margin of Western Union from 1st quarter 2009 to 2nd quarter 2024 [Graph], Statista, & US Securities and Exchange Commission, July 30, 2024. [Online]. Available: https://www.statista.com/statistics/1416363/western-union-quarterly-operating-margin/