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v3.22.2

Revenue (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue |
Disaggregation of Revenue Earned from Contracts with Customers | Management has determined that the substantial majority of the Company’s revenue is recognized at a point in time. The following tables represent the disaggregation of revenue earned from contracts with customers by product type and region for the three and six months ended June 30, 2022 and 2021 (in millions). The regional split of revenue shown in the tables below is based upon where transactions are initiated.
|  | Three Months Ended June 30, 2022 |
|  |  |  |  | Foreign |  |  |  |  |  |  |  |  |  |
|  | Consumer |  |  | Exchange |  |  |  |  |  |  |  |  |  |
|  | Money |  |  | and Payment |  |  | Consumer |  |  | Other |  |  |  |
|  | Transfers |  |  | Services(b) |  |  | Bill Payments |  |  | Services |  |  | Total |
Regions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 406.5 |  |  | $ | — |  |  | $ | 18.0 |  |  | $ | 14.4 |  |  | $ | 438.9 |
Europe and CIS |  |  | 273.1 |  |  |  | 20.7 |  |  |  | 5.6 |  |  |  | — |  |  |  | 299.4 |
Middle East, Africa, and South Asia |  |  | 158.9 |  |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 159.0 |
Latin America and the Caribbean |  |  | 94.1 |  |  |  | — |  |  |  | 27.3 |  |  |  | 2.4 |  |  |  | 123.8 |
East Asia and Oceania |  |  | 59.2 |  |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | 59.4 |
Revenues from contracts with customers |  | $ | 991.8 |  |  | $ | 20.7 |  |  | $ | 51.2 |  |  | $ | 16.8 |  |  | $ | 1,080.5 |
Other revenues (a) |  |  | 35.1 |  |  |  | 15.0 |  |  |  | 1.5 |  |  |  | 6.2 |  |  |  | 57.8 |
Total revenues |  | $ | 1,026.9 |  |  | $ | 35.7 |  |  | $ | 52.7 |  |  | $ | 23.0 |  |  | $ | 1,138.3 |
|  | Six Months Ended June 30, 2022 |
|  |  |  |  | Foreign |  |  |  |  |  |  |  |  |  |
|  | Consumer |  |  | Exchange |  |  |  |  |  |  |  |  |  |
|  | Money |  |  | and Payment |  |  | Consumer |  |  | Other |  |  |  |
|  | Transfers |  |  | Services(b) |  |  | Bill Payments |  |  | Services |  |  | Total |
Regions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 787.7 |  |  | $ | 17.9 |  |  | $ | 35.5 |  |  | $ | 28.6 |  |  | $ | 869.7 |
Europe and Russia/CIS |  |  | 556.9 |  |  |  | 54.4 |  |  |  | 9.1 |  |  |  | 0.1 |  |  |  | 620.5 |
Middle East, Africa, and South Asia |  |  | 321.2 |  |  |  | 0.4 |  |  |  | 0.2 |  |  |  | — |  |  |  | 321.8 |
Latin America and the Caribbean |  |  | 182.2 |  |  |  | 0.5 |  |  |  | 51.4 |  |  |  | 4.4 |  |  |  | 238.5 |
East Asia and Oceania |  |  | 120.6 |  |  |  | 12.5 |  |  |  | 0.5 |  |  |  | — |  |  |  | 133.6 |
Revenues from contracts with customers |  | $ | 1,968.6 |  |  | $ | 85.7 |  |  | $ | 96.7 |  |  | $ | 33.1 |  |  | $ | 2,184.1 |
Other revenues (a) |  |  | 57.3 |  |  |  | 39.1 |  |  |  | 2.4 |  |  |  | 11.1 |  |  |  | 109.9 |
Total revenues |  | $ | 2,025.9 |  |  | $ | 124.8 |  |  | $ | 99.1 |  |  | $ | 44.2 |  |  | $ | 2,294.0 |
|  | Three Months Ended June 30, 2021 |
|  |  |  |  | Foreign |  |  |  |  |  |  |  |  |  |
|  | Consumer |  |  | Exchange |  |  |  |  |  |  |  |  |  |
|  | Money |  |  | and Payment |  |  | Consumer |  |  | Other |  |  |  |
|  | Transfers |  |  | Services |  |  | Bill Payments |  |  | Services |  |  | Total |
Regions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 417.7 |  |  | $ | 23.5 |  |  | $ | 18.0 |  |  | $ | 14.3 |  |  | $ | 473.5 |
Europe and Russia/CIS |  |  | 364.1 |  |  |  | 33.7 |  |  |  | 1.1 |  |  |  | 0.2 |  |  |  | 399.1 |
Middle East, Africa, and South Asia |  |  | 166.7 |  |  |  | 0.5 |  |  |  | 0.1 |  |  |  | — |  |  |  | 167.3 |
Latin America and the Caribbean |  |  | 92.5 |  |  |  | 0.8 |  |  |  | 18.9 |  |  |  | 2.1 |  |  |  | 114.3 |
East Asia and Oceania |  |  | 68.1 |  |  |  | 16.6 |  |  |  | 0.2 |  |  |  | — |  |  |  | 84.9 |
Revenues from contracts with customers |  | $ | 1,109.1 |  |  | $ | 75.1 |  |  | $ | 38.3 |  |  | $ | 16.6 |  |  | $ | 1,239.1 |
Other revenues (a) |  |  | 18.0 |  |  |  | 24.2 |  |  |  | 3.4 |  |  |  | 5.0 |  |  |  | 50.6 |
Total revenues |  | $ | 1,127.1 |  |  | $ | 99.3 |  |  | $ | 41.7 |  |  | $ | 21.6 |  |  | $ | 1,289.7 |
|  | Six Months Ended June 30, 2021 |
|  |  |  |  | Foreign |  |  |  |  |  |  |  |  |  |
|  | Consumer |  |  | Exchange |  |  |  |  |  |  |  |  |  |
|  | Money |  |  | and Payment |  |  | Consumer |  |  | Other |  |  |  |
|  | Transfers |  |  | Services |  |  | Bill Payments |  |  | Services |  |  | Total |
Regions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 804.3 |  |  | $ | 44.7 |  |  | $ | 36.6 |  |  | $ | 28.8 |  |  | $ | 914.4 |
Europe and Russia/CIS |  |  | 702.8 |  |  |  | 68.0 |  |  |  | 2.2 |  |  |  | 0.6 |  |  |  | 773.6 |
Middle East, Africa, and South Asia |  |  | 326.4 |  |  |  | 1.0 |  |  |  | 0.2 |  |  |  | — |  |  |  | 327.6 |
Latin America and the Caribbean |  |  | 179.2 |  |  |  | 1.6 |  |  |  | 36.6 |  |  |  | 3.9 |  |  |  | 221.3 |
East Asia and Oceania |  |  | 134.8 |  |  |  | 33.2 |  |  |  | 0.5 |  |  |  | — |  |  |  | 168.5 |
Revenues from contracts with customers |  | $ | 2,147.5 |  |  | $ | 148.5 |  |  | $ | 76.1 |  |  | $ | 33.3 |  |  | $ | 2,405.4 |
Other revenues (a) |  |  | 30.5 |  |  |  | 47.3 |  |  |  | 6.4 |  |  |  | 10.1 |  |  |  | 94.3 |
Total revenues |  | $ | 2,178.0 |  |  | $ | 195.8 |  |  | $ | 82.5 |  |  | $ | 43.4 |  |  | $ | 2,499.7 |
(a) Includes revenue from the sale of derivative financial instruments, investment income generated on settlement assets primarily related to money transfer and money order services, and other sources. (b) On August 4, 2021, the Company entered into an agreement to sell its Business Solutions business to Goldfinch Partners LLC and the Baupost Group LLC. The sale will be completed in two closings, the first of which occurred on March 1, 2022. See Note 4 for more information.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
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