Annual revenue of Western Union 2009-2023
Western Union's revenue in 2023 decreased by nearly three percent compared to 2022, a recovery from the biggest decline recorded by the remittance company. This decreased is based on a reported basis. Analysts reported that the closing of operations in Russia and Belarus, due to the war in Ukraine, impacted Western Union's revenue by roughly two percentage points in 2022. Another reason for the revenue decline was growing inflation in Argentina, which impacted the company by approximately one percentage point.