Second Quarter 2017 Earnings Report
Operating Margin Q2
18.9%
15.6%
*
21.7%
.
20.2%*
Q2 2016
Q2 2017 Q2 2016 Q2 2017
GAAP
GAAP
Adjusted
Adjusted
Operating margin
•
GAAP margin includes the $49
million legal matter accrual and $35
million of WU Way expenses in the
current quarter, and $2 million of
WU Way expenses and $15 million
of expenses related to the
settlement with federal and state
governments in the prior year
period
Adjusted margin increased primarily
due to benefits from timing of
marketing spending and lower
commission expense
*Note: See appendix for reconciliation of Non-GAAP to GAAP financial measures.
The state regulator matter accrual, WU Way related expenses, and the federal and state government settlement are not included in the
operating segment results.
WESTERN WU
UNION
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