Key Statistics and Reconciliation of Non-GAAP Measures
Western Union's management believes the non-GAAP financial A non-GAAP financial measure should not be considered in
measures presented within this presentation provide meaningful supplemental information regarding the Company's results to assist management, investors, analysts, and others in understanding the Company's financial results and to better analyze operating, profitability, and other financial performance trends in the Company's underlying business because they provide consistency and comparability to prior periods or eliminate currency volatility, increasing the comparability of the Company's underlying results and trends.
isolation or as a substitute for the most comparable GAAP financial measure. A non-GAAP financial measure reflects an additional way of viewing aspects of the Company's operations that, when viewed with the Company's GAAP results and the reconciliation to the corresponding GAAP financial measure, provides a more complete understanding of the Company's business. Users of the financial statements are encouraged to review the Company's financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included below, where not previously reconciled above.
Amounts included below are in millions, unless indicated otherwise.
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The Western Union Company published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 20:14:19 UTC.
The Western Union Company is a provider of cross-border, cross-currency money movement payments, and digital financial services. The Company operates through Consumer Money Transfer, Business Solutions, and Consumer Services. The Consumer Money Transfer segment facilitates money transfers that are sent from retail agent locations worldwide or through Websites and mobile devices. The Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium-sized enterprises, and other organizations and individuals. The segment's business is related to exchanges of currency at spot rates, which enables customers to make cross-currency payments, and also provide foreign currency forward and option contracts for customers to facilitate future payments. The Consumer Services segment includes its bill payment services, which facilitate payments from consumers, businesses, and other organizations.