Western Union reports 12% drop in first-quarter profit amid immigration policy impact
Updated
Updated · The Wall Street Journal · Apr 24
Western Union reports 12% drop in first-quarter profit amid immigration policy impact
10 articles · Updated · The Wall Street Journal · Apr 24
Net income fell to $64.7 million, or 20 cents per share, missing analyst expectations, while shares dropped to $8.26.
Remittances to markets like Mexico, Ecuador, and Guatemala declined due to U.S. immigration policy, though trends are stabilizing in some regions.
Despite ongoing challenges, Western Union maintained its full-year guidance, projecting nonadjusted revenue growth of 5% to 8% and adjusted earnings between $1.75 and $1.85 per share.
As cash remittances shrink, can Western Union's digital push outpace growing fintech competition?
How will the massive Intermex acquisition reshape the Americas remittance market amid new pressures?
Beyond profits, what new financial risks do U.S. migrant workers now face daily?
What are the hidden economic costs for Latin American nations losing vital remittance income?
Will stablecoins and digital wallets become the new standard for sending money abroad?