The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed Apr 28, 2023. Its latest SEC filing is a 15-12G from Jun 12, 2023.
10-Q for Q1 FY2023, filed Apr 28, 2023
The sections below describe the company as of the FY2022 annual report.
Transfers money across borders for consumers sending funds to family and friends, and provides bill-payment services to consumers.
10-K for FY2022, filed Feb 24, 2023MoneyGram International, Inc. (together with our subsidiaries, "MoneyGram," the "Company," "we," "us" and "our") is a global leader in…View ↗
The GFT segment is our primary revenue driver, providing global money transfer services and bill payment services principally as an…View ↗
Bill Payment Services — Bill payment revenues are generated primarily from fees charged to consumers for each transaction completed. Our…View ↗
Consumers pay transaction fees and currency-exchange spreads for money transfers when they send money; bill-payment fees are charged for each completed payment. Money order fees are charged when an agent sells the order, while official-check services are billed monthly to financial institutions.
10-K for FY2022, filed Feb 24, 2023Money transfer fee revenue — The Company earns money transfer revenues primarily from consumer transaction fees and the management of…View ↗
Bill payment services fee revenue — Bill payment revenues are earned primarily from fees charged to consumers for each transaction…View ↗
Money order fee revenue — Consumers use our money orders to make payments in lieu of cash or personal checks. We generate revenue from…View ↗
Official check outsourcing services fee revenue — Official checks are used by consumers where a payee requires a check drawn on a bank.…View ↗
10-K for FY2022, filed Feb 24, 2023
FY2022 revenue by reportable segment ↗$1.3B
10-K for FY2022, filed Feb 25, 2023
$1.3B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Global Funds Transfer
Mix
10-K for FY2022, filed Feb 24, 2023 |
94%
FY2019: 92%
|
Global Funds Transfer, FY2022
$1.2B Sources
|
Mix |
|
Financial Paper Products
Mix
10-K for FY2022, filed Feb 24, 2023 |
6.4%
FY2019: 7.9%
|
Financial Paper Products, FY2022
$84.2M Sources
|
Mix |
Consumers send money through MoneyGram’s digital channels and third-party agents, including retailers, post offices and financial institutions. Financial institutions buy official-check services, while agents and financial institutions distribute money orders.
10-K for FY2022, filed Feb 24, 2023The GFT segment is our primary revenue driver, providing global money transfer services and bill payment services principally as an…View ↗
We offer money transfer services through our Digital Channel which includes MGO (our direct-to-consumer business), digital partners, direct…View ↗
Our FPP segment provides money orders to consumers through our agents and financial institutions located throughout the U.S. and Puerto…View ↗
Official Check Outsourcing Services — Official checks are used by consumers where a payee requires a check drawn on a bank. Financial…View ↗
10-K for FY2022, filed Feb 24, 2023
During 2022, 2021 and 2020, our 10 largest agents accounted for 24%, 26% and 30%, respectively, of total revenue and 24%, 26% and 31%…View ↗
Yes. It kept 3 cents of every revenue dollar as net income in FY2022 and turned 2 cents into free cash flow.
10-K for FY2022, filed Feb 25, 2023
$93.2MView ↗
10-K for FY2022, filed Feb 25, 2023
$34.2MView ↗
10-K for FY2022, filed Feb 25, 2023
$31.9MView ↗
10-Q for Q1 FY2023, filed Apr 28, 2023
Open tableView ↗
8-K, filed Jun 1, 2023
At the effective time of the Merger (the “Effective Time”), pursuant to the terms of the Merger Agreement and upon the filing of a…View ↗
Shrank. Revenue fell 9% in 4 years, from $1.4B in FY2018 to $1.3B in FY2022, about 2% a year.
Competes with Western Union, Walmart, and U.S. Postal Service
10-K for FY2022, filed Feb 24, 2023Our competitors include a small number of large money transfer and bill payment providers, financial institutions, banks and a large number…View ↗
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