Western Union trades at a discount with 11% yield despite revenue drop from U.S. immigration policy.

Western Union is currently trading at a significant discount, offering an approximately 11% dividend yield and a low adjusted price-to-earnings ratio of around 5x. Despite a 5% revenue decline due to U.S. immigration policy changes, the company maintained strong 20% profit margins through cost-saving measures in Q4. Growth in European and CIS markets, along with steady Middle East revenue, is expected to offset some of the U.S. impacts. The main risk is the potential disruption of its retail agent network as it transitions to a digital asset platform backed by stablecoins. Earnings for Q1 2026 are projected to be slightly lower than the previous year but align with market expectations.