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Revenue (Tables)

6 Months Ended

Jun. 30, 2023

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 six months

ended June 30, 2023 and 2022 (in millions). The regional split of revenue shown in the tables below is based upon where transactions are initiated.


	Three Months Ended June 30, 2023
			Foreign
	Consumer		Exchange
	Money		and Payment		Other
	Transfers		Services(b)		Services		Total
Regions:
North America	$	372.3	$	—	$	33.8	$	406.1
Europe and CIS		246.0		6.5		4.7		257.2
Middle East, Africa, and South Asia		264.8		—		0.1		264.9
Latin America and the Caribbean		99.8		—		27.3		127.1
East Asia and Oceania		54.8		—		—		54.8
Revenues from contracts with customers	$	1,037.7	$	6.5	$	65.9	$	1,110.1
Other revenues (a)		34.5		7.8		17.6		59.9
Total revenues	$	1,072.2	$	14.3	$	83.5	$	1,170.0


	Three Months Ended June 30, 2022
			Foreign
	Consumer		Exchange
	Money		and Payment		Other
	Transfers		Services(b)		Services		Total
Regions:
North America	$	406.5	$	—	$	32.4	$	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		—		29.7		123.8
East Asia and Oceania		59.2		—		0.2		59.4
Revenues from contracts with customers	$	991.8	$	20.7	$	68.0	$	1,080.5
Other revenues (a)		35.1		15.0		7.7		57.8
Total revenues	$	1,026.9	$	35.7	$	75.7	$	1,138.3


	Six Months Ended June 30, 2023
			Foreign
	Consumer		Exchange
	Money		and Payment		Other
	Transfers		Services(b)		Services		Total
Regions:
North America	$	719.6	$	—	$	67.2	$	786.8
Europe and CIS		479.7		13.0		10.2		502.9
Middle East, Africa, and South Asia		434.1		—		0.2		434.3
Latin America and the Caribbean		199.5		—		55.5		255.0
East Asia and Oceania		110.1		—		—		110.1
Revenues from contracts with customers	$	1,943.0	$	13.0	$	133.1	$	2,089.1
Other revenues (a)		67.5		16.7		33.6		117.8
Total revenues	$	2,010.5	$	29.7	$	166.7	$	2,206.9


	Six Months Ended June 30, 2022
			Foreign
	Consumer		Exchange
	Money		and Payment		Other
	Transfers		Services(b)		Services		Total
Regions:
North America	$	787.7	$	17.9	$	64.1	$	869.7
Europe and CIS		556.9		54.4		9.2		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		55.8		238.5
East Asia and Oceania		120.6		12.5		0.5		133.6
Revenues from contracts with customers	$	1,968.6	$	85.7	$	129.8	$	2,184.1
Other revenues (a)		57.3		39.1		13.5		109.9
Total revenues	$	2,025.9	$	124.8	$	143.3	$	2,294.0

(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. The first closing occurred on March 1, 2022, the second occurred on December 31, 2022, and the final closing occurred on July 1, 2023. See Note 4 for further information regarding this transaction.