Co-movers

daily closes · 500dMethod

Moved together

VwithWU

×0.54co-movement · WU on V · 500d

r 0.36scale to r 0.75

Shared co-movers2with Vwith WU

CPAYCorpay, Inc.r 0.50r 0.41

GPNGlobal Payments Incr 0.56r 0.39

V, solidWU, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

VVisa Inc.

413.63+0.75%· post 413.65

Mkt cap$738.0BRevenue$11.6BQ3 FY26Revenue$40.0BFY25

WUWestern Union Co

6.15−0.96%· post 6.16

ClosedOct 30 '26

Mkt cap$1.9BRevenue$974MQ2 FY26Revenue$3.9BFY25

vs

Compare

ClosedOct 30 '26

VVisa Inc.

vs

WUWestern Union Co

413.63+0.75%post 413.65

Price

6.15−0.96%post 6.16

$738.0B

Mkt cap

$1.9B

Q3 FY26$11.6B

Revenue

$974MQ2 FY26

FY25$40.0B

Revenue

$3.9BFY25

V compared with WU: revenue, margins and what each company keeps, and the suppliers and customers both name