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Side-by-side financial comparison of TKO Group Holdings (TKO) and Western Union CO (WU). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $982.7M, roughly 1.1× Western Union CO). Western Union CO runs the higher net margin — 6.6% vs -0.2%, a 6.8% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 0.0%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs -1.9%).
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
TKO vs WU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $982.7M |
| Net Profit | $-2.4M | $64.7M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | 12.5% |
| Net Margin | -0.2% | 6.6% |
| Revenue YoY | 61.6% | 0.0% |
| Net Profit YoY | -107.7% | -47.6% |
| EPS (diluted) | $-0.07 | $0.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $982.7M | ||
| Q4 25 | $1.0B | $972.0M | ||
| Q3 25 | $1.1B | $985.3M | ||
| Q2 25 | $1.3B | $983.6M | ||
| Q1 25 | $1.3B | $938.7M | ||
| Q4 24 | $642.2M | $1.0B | ||
| Q3 24 | $681.3M | $993.4M | ||
| Q2 24 | $851.2M | $1.0B |
| Q1 26 | — | $64.7M | ||
| Q4 25 | $-2.4M | $114.4M | ||
| Q3 25 | $41.0M | $139.6M | ||
| Q2 25 | $98.4M | $122.1M | ||
| Q1 25 | $58.4M | $123.5M | ||
| Q4 24 | $31.0M | $385.7M | ||
| Q3 24 | $23.1M | $264.8M | ||
| Q2 24 | $59.1M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 5.5% | 19.1% | ||
| Q3 25 | 15.4% | 20.5% | ||
| Q2 25 | 28.1% | 19.6% | ||
| Q1 25 | 18.7% | 18.9% | ||
| Q4 24 | 15.9% | 17.5% | ||
| Q3 24 | 20.0% | 16.6% | ||
| Q2 24 | 30.0% | 18.7% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | -0.2% | 11.8% | ||
| Q3 25 | 3.7% | 14.2% | ||
| Q2 25 | 7.5% | 12.4% | ||
| Q1 25 | 4.6% | 13.2% | ||
| Q4 24 | 4.8% | 37.9% | ||
| Q3 24 | 3.4% | 26.7% | ||
| Q2 24 | 6.9% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $-0.07 | $0.36 | ||
| Q3 25 | $0.47 | $0.43 | ||
| Q2 25 | $1.17 | $0.37 | ||
| Q1 25 | $0.69 | $0.36 | ||
| Q4 24 | $0.28 | $1.14 | ||
| Q3 24 | $0.28 | $0.78 | ||
| Q2 24 | $0.72 | $0.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.1M | $909.2M |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $3.7B | $910.5M |
| Total Assets | $15.5B | $8.1B |
| Debt / EquityLower = less leverage | 1.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $909.2M | ||
| Q4 25 | $831.1M | $1.2B | ||
| Q3 25 | $861.4M | $947.8M | ||
| Q2 25 | $535.1M | $1.0B | ||
| Q1 25 | $470.9M | $1.3B | ||
| Q4 24 | $525.6M | $1.5B | ||
| Q3 24 | $457.4M | $1.1B | ||
| Q2 24 | $277.5M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.8B | $2.5B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.7B | $2.1B |
| Q1 26 | — | $910.5M | ||
| Q4 25 | $3.7B | $957.8M | ||
| Q3 25 | $3.8B | $925.4M | ||
| Q2 25 | $4.3B | $883.6M | ||
| Q1 25 | $4.2B | $939.4M | ||
| Q4 24 | $4.1B | $968.9M | ||
| Q3 24 | $4.0B | $652.7M | ||
| Q2 24 | $4.0B | $440.8M |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $15.5B | $8.3B | ||
| Q3 25 | $15.5B | $7.8B | ||
| Q2 25 | $15.3B | $8.0B | ||
| Q1 25 | $15.0B | $8.3B | ||
| Q4 24 | $12.7B | $8.4B | ||
| Q3 24 | $12.8B | $7.7B | ||
| Q2 24 | $12.7B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 3.01× | ||
| Q3 25 | 0.98× | 2.70× | ||
| Q2 25 | 0.64× | 2.83× | ||
| Q1 25 | 0.66× | 2.61× | ||
| Q4 24 | 0.67× | 3.04× | ||
| Q3 24 | 0.67× | 3.29× | ||
| Q2 24 | 0.68× | 4.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $309.9M | $109.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | — | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $309.9M | $135.4M | ||
| Q3 25 | $416.8M | $260.4M | ||
| Q2 25 | $396.2M | $-300.0K | ||
| Q1 25 | $162.8M | $148.2M | ||
| Q4 24 | $56.8M | $134.0M | ||
| Q3 24 | $236.5M | $212.1M | ||
| Q2 24 | $230.7M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $115.5M | ||
| Q3 25 | — | $252.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $144.8M | ||
| Q4 24 | — | $119.7M | ||
| Q3 24 | — | $205.1M | ||
| Q2 24 | — | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | 10.16× | 1.87× | ||
| Q2 25 | 4.03× | -0.00× | ||
| Q1 25 | 2.79× | 1.20× | ||
| Q4 24 | 1.83× | 0.35× | ||
| Q3 24 | 10.22× | 0.80× | ||
| Q2 24 | 3.90× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
WU
Segment breakdown not available.
