Company
The Western Union Company
Headquarters: Denver, CO, United States
Founded: 1851
Employees: 10,500
CEO: Mr. Devin B. McGranahan
Market Cap
$4.20 Billion
USD as of July 1, 2024
The Western Union Company Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| American Express | $169.49 B |
| PayPal | $62.39 B |
| Capital One Financial Corporation | $51.94 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. It also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. The company was founded in 1851 and is headquartered in Denver, Colorado.
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Stocks & Indices
The Western Union Company has the following listings and related stock indices.
Stock: NYSE: WU wb_incandescent
Stock: FSX: W3U wb_incandescent
Stock: XETR: W3U wb_incandescent
Product & Services
Wire transfersMoney ordersMoney transfersBill payTransfer trackingPrice estimation
Key People
Founder(s): Ezra Cornell
Jeffrey A. Joerres (Chairman) Devin Mc Granahan (President and CEO)
Financials
Revenue: US$5.6 billion (2018)
Operating income: US$1.1 billion (2018)
Net income: US$851.9 million (2018)
Total assets: US$9.0 billion (2018)
Total equity: US$−309.8 million (2018)