Recent Updates — WU
The Western Union Company filed a new Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to its proposed merger with International Money Express. The initial HSR waiting period expired on October 6, 2025, requiring a new filing after one year. The company has requested early termination of the new 30-day waiting period. Additionally, the California Department of Financial Protection and Innovation suspended its approval pending further review, and reinstatement is not expected before October 6, 2026. The merger remains subject to HSR clearance and DFPI approval. The Western Union Company operates in the financial services industry, providing money transfer and payment services.
The Western Union Company provided an update on its pending acquisition of International Money Express (IMXI). The company received regulatory approval from the New York State Department of Financial Services (NYDFS) following the execution of an Assurance of Discontinuance with the Office of the Attorney General. Under this agreement, Western Union committed to maintaining a specific retail footprint in New York, limiting price changes for remittances to certain Latin American and Caribbean countries, and obtaining prior approval for future acquisitions for three years post-closing. Conversely, the California Department of Financial Protection and Innovation suspended its previously granted approval extension on August 13, 2026, citing a need for further review after six months had passed since the original grant. Western Union intends to engage with California regulators to seek reinstatement and remains committed to closing the transaction promptly upon resolution.
The Western Union Company reported second quarter 2026 financial results, posting GAAP revenue of $1.0 billion, a 1% decline on both reported and adjusted bases compared to the prior year period. Consumer Services revenue grew 4% (12% adjusted), while Branded Digital revenue increased 7% (6% adjusted). Conversely, Consumer Money Transfer segment revenue decreased 2%. GAAP diluted EPS was $0.24, down from $0.37 in the prior year, with adjusted EPS at $0.31 versus $0.42 previously. The company updated its full-year 2026 outlook, forecasting adjusted revenue growth of 4% to 6% and adjusted EPS between $1.25 and $1.35. Management cited a slowdown in Americas retail business and delayed synergies from the pending Intermex acquisition as drivers for margin pressure. The Western Union Company operates in the global financial services industry, providing cross-border money movement, payments, and digital financial services.
Benjamin Adams, Executive Vice President and Chief Legal Officer, notified the company of his intention to participate in a Voluntary Retirement Program and depart from his position effective November 2, 2026. The retirement benefits package includes six months of base salary, a prorated 2026 target annual incentive award, and continued vesting of outstanding equity awards. Western Union is a global provider of money transfer and communications services.
The Western Union Company entered into a First Amendment to its existing Delayed Draw Term Loan Credit Agreement, dated January 9, 2026, to extend the Commitment Period to November 10, 2026. The amendment is between the Company and its participating banks, with Bank of America, N.A. acting as the administrative agent. The Western Union Company operates in the financial services industry, providing money transfer and payment services.