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Revenue (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Earned from Contracts with Customers The following tables represent the disaggregation of revenue earned from contracts with customers by product type and region for the three and nine months ended September 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 September 30, 2022

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

Other

 

 

 

 

 

 

Transfers

 

 

Services(b)

 

 

Bill Payments

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

383.6

 

 

$

—

 

 

$

17.2

 

 

$

15.2

 

 

$

416.0

 

Europe and CIS

 

 

251.3

 

 

 

26.0

 

 

 

6.0

 

 

 

—

 

 

 

283.3

 

Middle East, Africa, and South Asia

 

 

156.6

 

 

 

—

 

 

 

0.1

 

 

 

—

 

 

 

156.7

 

Latin America and the Caribbean

 

 

97.0

 

 

 

—

 

 

 

23.4

 

 

 

2.1

 

 

 

122.5

 

East Asia and Oceania

 

 

56.5

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

56.5

 

Revenues from contracts with customers

 

$

945.0

 

 

$

26.0

 

 

$

46.7

 

 

$

17.3

 

 

$

1,035.0

 

Other revenues (a)

 

 

37.4

 

 

 

16.6

 

 

 

1.2

 

 

 

(0.6

)

 

 

54.6

 

Total revenues

 

$

982.4

 

 

$

42.6

 

 

$

47.9

 

 

$

16.7

 

 

$

1,089.6

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

Other

 

 

 

 

 

 

Transfers

 

 

Services(b)

 

 

Bill Payments

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

1,171.3

 

 

$

17.9

 

 

$

52.7

 

 

$

43.8

 

 

$

1,285.7

 

Europe and Russia/CIS

 

 

808.2

 

 

 

80.4

 

 

 

15.1

 

 

 

0.1

 

 

 

903.8

 

Middle East, Africa, and South Asia

 

 

477.8

 

 

 

0.4

 

 

 

0.3

 

 

 

—

 

 

 

478.5

 

Latin America and the Caribbean

 

 

279.2

 

 

 

0.5

 

 

 

74.8

 

 

 

6.5

 

 

 

361.0

 

East Asia and Oceania

 

 

177.1

 

 

 

12.5

 

 

 

0.5

 

 

 

—

 

 

 

190.1

 

Revenues from contracts with customers

 

$

2,913.6

 

 

$

111.7

 

 

$

143.4

 

 

$

50.4

 

 

$

3,219.1

 

Other revenues (a)

 

 

94.7

 

 

 

55.7

 

 

 

3.6

 

 

 

10.5

 

 

 

164.5

 

Total revenues

 

$

3,008.3

 

 

$

167.4

 

 

$

147.0

 

 

$

60.9

 

 

$

3,383.6

 

 

 

 

Three Months Ended September 30, 2021

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

Other

 

 

 

 

 

 

Transfers

 

 

Services

 

 

Bill Payments

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

406.7

 

 

$

30.9

 

 

$

18.0

 

 

$

14.4

 

 

$

470.0

 

Europe and Russia/CIS

 

 

345.0

 

 

 

39.3

 

 

 

1.4

 

 

 

0.4

 

 

 

386.1

 

Middle East, Africa, and South Asia

 

 

165.8

 

 

 

0.5

 

 

 

0.2

 

 

 

—

 

 

 

166.5

 

Latin America and the Caribbean

 

 

97.5

 

 

 

0.9

 

 

 

20.2

 

 

 

1.7

 

 

 

120.3

 

East Asia and Oceania

 

 

69.2

 

 

 

17.9

 

 

 

0.3

 

 

 

—

 

 

 

87.4

 

Revenues from contracts with customers

 

$

1,084.2

 

 

$

89.5

 

 

$

40.1

 

 

$

16.5

 

 

$

1,230.3

 

Other revenues (a)

 

 

20.3

 

 

 

27.3

 

 

 

3.6

 

 

 

4.8

 

 

 

56.0

 

Total revenues

 

$

1,104.5

 

 

$

116.8

 

 

$

43.7

 

 

$

21.3

 

 

$

1,286.3

 

 

 

 

Nine Months Ended September 30, 2021

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

Other

 

 

 

 

 

 

Transfers

 

 

Services

 

 

Bill Payments

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

1,211.0

 

 

$

75.6

 

 

$

54.6

 

 

$

43.2

 

 

$

1,384.4

 

Europe and Russia/CIS

 

 

1,047.8

 

 

 

107.3

 

 

 

3.6

 

 

 

1.0

 

 

 

1,159.7

 

Middle East, Africa, and South Asia

 

 

492.2

 

 

 

1.5

 

 

 

0.4

 

 

 

—

 

 

 

494.1

 

Latin America and the Caribbean

 

 

276.7

 

 

 

2.5

 

 

 

56.8

 

 

 

5.6

 

 

 

341.6

 

East Asia and Oceania

 

 

204.0

 

 

 

51.1

 

 

 

0.8

 

 

 

—

 

 

 

255.9

 

Revenues from contracts with customers

 

$

3,231.7

 

 

$

238.0

 

 

$

116.2

 

 

$

49.8

 

 

$

3,635.7

 

Other revenues (a)

 

 

50.8

 

 

 

74.6

 

 

 

10.0

 

 

 

14.9

 

 

 

150.3

 

Total revenues

 

$

3,282.5

 

 

$

312.6

 

 

$

126.2

 

 

$

64.7

 

 

$

3,786.0

 

 

(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. During the third quarter of 2022, all parties agreed for the sale to be completed in three closings instead of two. The first closing occurred on March 1, 2022, the second is expected to occur in December 2022, and the third is expected in the first quarter of 2023. See Note 4 for further information regarding this transaction.