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Revenue (Tables)
 6 Months Ended
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.