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Revenue (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024 and 2023 (in millions). The regional split of revenue shown in the tables below is based upon where transactions are initiated.

 

Three Months Ended June 30, 2024

 

 

Consumer

 

 

 

 

 

 

 

 

Money

 

 

Consumer

 

 

 

 

 

Transfer

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

North America

 

$

376.3

 

 

$

37.2

 

 

$

413.5

 

Europe and CIS

 

 

233.9

 

 

 

16.9

 

 

 

250.8

 

Middle East, Africa, and South Asia

 

 

168.5

 

 

 

0.1

 

 

 

168.6

 

Latin America and the Caribbean

 

 

107.6

 

 

 

30.4

 

 

 

138.0

 

Asia Pacific

 

 

49.8

 

 

 

 

 

 

49.8

 

Revenues from contracts with customers

 

$

936.1

 

 

$

84.6

 

 

$

1,020.7

 

Other revenues (a)

 

 

28.9

 

 

 

16.8

 

 

 

45.7

 

Total revenues

 

$

965.0

 

 

$

101.4

 

 

$

1,066.4

 

 

 

Three Months Ended June 30, 2023

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

 

 

 

Transfer

 

 

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

 

Asia Pacific

 

 

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

 

 

 

Six Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

 

 

Money

 

 

Consumer

 

 

 

 

 

Transfer

 

 

Services

 

 

Total

 

Regions:

 

 

 

 

 

 

 

 

 

North America

 

$

730.8

 

 

$

76.6

 

 

$

807.4

 

Europe and CIS

 

 

458.3

 

 

 

21.4

 

 

 

479.7

 

Middle East, Africa, and South Asia

 

 

360.8

 

 

 

0.2

 

 

 

361.0

 

Latin America and the Caribbean

 

 

215.1

 

 

 

53.5

 

 

 

268.6

 

Asia Pacific

 

 

99.7

 

 

 

 

 

 

99.7

 

Revenues from contracts with customers

 

$

1,864.7

 

 

$

151.7

 

 

$

2,016.4

 

Other revenues (a)

 

 

62.3

 

 

 

36.8

 

 

 

99.1

 

Total revenues

 

$

1,927.0

 

 

$

188.5

 

 

$

2,115.5

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

Consumer

 

 

Exchange

 

 

 

 

 

 

 

 

Money

 

 

and Payment

 

 

Consumer

 

 

 

 

 

Transfer

 

 

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

 

Asia Pacific

 

 

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

 

________________________________________

(a)
Includes revenue from investment income generated on settlement assets primarily related to money transfer and money order services, impacts from the Company's foreign currency cash flow hedges, and other sources.
(b)
On August 4, 2021, the Company entered into an agreement to sell its Business Solutions business, and the final closing for this transaction occurred on July 1, 2023.