西联汇款 2025年度报告
Western Union Company Highlights FY25 Financial and Operational Highlights* $4B in Adjusted Revenue(1)$1.75 in Adjusted EPS(1) $4.1B in GAAP Revenue$1.52 in GAAP EPS For more information,see Western Union’sForm 10-K for thefiscal year endedDecember 31, 2025,filed with the Securitiesand ExchangeCommission (SEC) $530M Returned toStockholders in Dividendsand Share Buybacks Consumer ServicesRevenue up 32% Key Business Development Transactions• Completed acquisition of Eurochange to support growth of our Travel Money business•Entered into definitive agreement to acquire International Money Express, Inc.(“Intermex”), which is expected to close in Q2 2026 ExecutiveCompensation CorporateGovernance •Board leadership includes Executive Director (CEO)and Non-Executive Chair•Corporate Governance Committee; Audit Committee;Compliance Committee; and Compensation andBenefits Committee composed entirely ofindependent directors.•Corporate governance charters reflect strongcommitment to integrity, accountability, and thehighest ethical standards in earning and maintainingthe trust of our customers, partners, communities,and shareholders. •Compensation plan designed to support pay-for-performance alignment. •CD&A includes enhanced transparent disclosure,covering how performance supports long-term growthand shareholder value. •Compensation program is designed to attract andretain the executive talent needed to completemulti-year transformation of Western Union •Compensation and Benefits Committee engages anindependent compensation consultant to evaluatemarket pay practices across peer group in developingcompensation plan. •92%of the CEO’s compensation is performance-based and at-risk; on average,78%of the other NEOs’compensation is performance-based and at-risk andis directly tied to the metrics that drive shareholdervalue creation. StockholderEngagement In the past year, the Board, senior management, andthe investor relations, total rewards, and governanceteams have engaged with investors representingapproximately70%of our outstanding shares. •Changes to 2026 plan reflect shareholder feedbackafter extensive outreach and engagement. •Attended five premier investor conferences in 2025.•In November 2025, the company’s senior leadershipteam hosted an Investor Day in New York City thatwas attended by dozens of investors and analysts. For more information, see the CompensationDiscussion & Analysis section beginning on page 35. For more information see Corporate Governancesection on page 17. (1)See Annex B for a reconciliation of GAAP and Non-GAAP financial measures. *Information reflected as of, and for the fiscal year ended, December 31, 2025. 2025 Impact and Opportunities Business Performance Evolving Together& Beyond In November 2025, WesternUnion unveiled its Beyondstrategy focused on adigital-first approach toexpand trusted financialand consumer servicesthat is built on our globalbrand, deepening financialinclusion for underservedand migrant communitiesworldwide. Adjusted Revenue Growth Trends ($M)* *See Annex B for reconciliation of GAAP and non-GAAP financial measures. FY 2025 Financial Highlights in AdjustedRevenue*$4B Returned to StockholderThrough Dividends &Share Repurchases$530M Operating Margin*20% ConsumerServices adjustedrevenue growth* Progress Highlights since Evolve 2025 *See Annex B for reconciliation of GAAP and non-GAAP financial measures. Consumer Servicescontributes13%to the total revenuefrom 6% in 2022 Accounts Payoutshavedoubledsince 2022 from~35M to~70M CompletedFinal Paymentof$500Mtax obligation Maintainedstableadjusted EPSdespite revenueheadwinds Completed$150Mcost redeploymentprogram two yearsahead of schedule Connecting Communities 300+Payout Options 4.6BBank Accountsfor Payout ~130Currencies ~360KActive Locations +200Countries andTerritories +100MCustomers A Message fromDevin B. McGranahan,-.$ )/ǧ#$!3 0/$1ď!$ - Dear Fellow Stockholders:Last year was challenging for Western Union marked by market disruption, particularly in the Americas. Despite a nearly 5% revenuedecline, we delivered earnings per share within our original guid-ance, reflecting the strength of our diversified global businessmodel and disciplined execution. We completed payment for ourdeferred tax obligations while returning $530 million to stock-holders through our strong dividend and share repurchases. Building a Strong FoundationOur core strategic advantages are our brand and our scale. Over time, Western Union had relied on just these key elementsas the market evolved and the core business began to decline.Quite simply, the growth and innovation engine was not workinghard enough and our long-term prospects as a retail remittance-focused company were diminishing. Highlights of 2025 include closing our acquisition of Eurochangeand the subsequent rapid growth of our Travel Money business;our Consumer Services segment growing 32% in 2025; and ourplanned acquisition of Inte