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VOYA logoVoya Financial, Inc.(VOYA)Earnings, Financials & Key Ratios

VOYA•NYSE•Banking & Credit
$79.69
$7.39B mkt cap·12.6× P/E·Price updated May 7, 2026
SectorFinancial ServicesIndustryFinancial ConglomeratesSub-IndustryAsset and retirement managers
AboutVoya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services. This segment serves corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers. Its Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company's Health Solutions segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners to mid-sized and large businesses. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was incorporated in 1999 and is based in New York, New York.Show more
  • Net Interest Income-$117M+60.9%
  • Total Revenue$7.5B-6.9%
  • Net Income$654M-1.9%
  • Return on Equity10.03%-9.4%
  • Net Interest Margin-0.07%+64.1%
  • Efficiency Ratio48.36%+26.4%
  • ROA0.38%-8.2%
  • Equity / Assets3.94%+7.4%
  • Book Value per Share72.57+22.5%
  • Tangible BV/Share-2.13-104.9%
  • Debt/Equity0.30-50.2%
Technical→

VOYA Key Insights

Voya Financial, Inc. (VOYA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Efficient operations: 48.4% efficiency ratio
  • ✓Healthy dividend yield of 2.3%
  • ✓Share count reduced 4.3% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income
  • ✓Trading at only 1.1x book value

✗Weaknesses

  • ✗Weak NIM of -0.1%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VOYA Price & Volume

Voya Financial, Inc. (VOYA) stock price & volume — 10-year historical chart

Loading chart...

VOYA Growth Metrics

Voya Financial, Inc. (VOYA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-1.53%
5 Years-0.4%
3 Years8.12%
TTM-

Profit CAGR

10 Years4.83%
5 Years-
3 Years8.64%
TTM21.15%

EPS CAGR

10 Years13.38%
5 Years16.86%
3 Years13.7%
TTM30.38%

Return on Capital

10 Years0.4%
5 Years0.59%
3 Years0.37%
Last Year0.15%

VOYA Recent Earnings

Voya Financial, Inc. (VOYA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026
EPS
$2.26
Est $2.02
+11.9%
Revenue
$2.0B
Est $2.0B
+2.7%
Q1 2026
Feb 3, 2026
EPS
$1.94
Est $2.11
-8.1%
Revenue
$2.1B
Est $2.0B
+6.1%
Q4 2025
Nov 4, 2025
EPS
$2.45
Est $2.27
+7.9%
Revenue
$2.1B
Est $2.0B
+7.1%
Q3 2025
Aug 5, 2025
EPS
$2.40
Est $2.09
+14.8%
Revenue
$1.8B
Est $1.9B
-5.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$2.26vs $2.02+11.9%
$2.0Bvs $2.0B+2.7%
Q1 2026Feb 3, 2026
$1.94vs $2.11-8.1%
$2.1Bvs $2.0B+6.1%
Q4 2025Nov 4, 2025
$2.45vs $2.27+7.9%
$2.1Bvs $2.0B+7.1%
Q3 2025Aug 5, 2025
$2.40vs $2.09+14.8%
$1.8Bvs $1.9B-5.3%
Based on last 12 quarters of dataView full earnings history →

VOYA Peer Comparison

Voya Financial, Inc. (VOYA) competitors in Asset and retirement managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor21.67B100.0319.05-3.11%7.58%9.89%0.34
LNC logoLNCLincoln National CorporationDirect Competitor6.87B35.946.151.24%9.14%16.79%0.59
RGA logoRGAReinsurance Group of America, IncorporatedDirect Competitor13.95B212.8012.033.39%5.05%9.41%0.42
BHF logoBHFBrighthouse Financial, Inc.Direct Competitor3.53B61.6810.6542.16%-1.19%-1.06%0.46
EQH logoEQHEquitable Holdings, Inc.Direct Competitor12.07B42.88-8.88-6.21%-12.55%-49.32%3.67
PRU logoPRUPrudential Financial, Inc.Direct Competitor34.58B99.439.73-14.01%5.62%10.26%0.65
MET logoMETMetLife, Inc.Product Competitor51.39B78.8116.4210.22%4.7%12.72%0.70
AFL logoAFLAflac IncorporatedProduct Competitor58.52B113.5916.63-8.84%21%13.05%0.29

Compare VOYA vs Peers

Voya Financial, Inc. (VOYA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PFG

Most directly comparable listed peer for VOYA.

Scale Benchmark

vs BLK

Larger-name benchmark to compare VOYA against a more recognizable public peer.

Peer Set

Compare Top 5

vs PFG, LNC, RGA, BHF

VOYA Income Statement

Voya Financial, Inc. (VOYA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income-264M-264M-212M-186M-224M-183M-298M-299M-117M-209M
NII Growth %32.31%0%19.7%12.26%-20.43%18.3%-62.84%-0.34%60.87%129.47%
Net Interest Margin %-0.12%-0.17%-0.13%-0.1%-0.13%-0.12%-0.19%-0.18%-0.07%-0.12%
Interest Income0000000000
Interest Expense264M264M212M186M224M183M298M299M117M209M
Loan Loss Provision4.1B3.86B4.14B4.46B-3.35B2.78B3.36B3.87B3.49B-29M
Non-Interest Income7.23B7.16B7.48B7.65B4.23B5.93B7.35B8.05B7.5B1.87B
Non-Interest Income %100%100%100%100%100%100%100%100%100%100%
Total Revenue
7.23B▲ 0%
7.16B▼ 0.9%
7.48B▲ 4.4%
7.65B▲ 2.3%
4.23B▼ 44.7%
5.93B▲ 40.2%
7.35B▲ 23.9%
8.05B▲ 9.6%
7.5B▼ 6.9%
1.87B▲ 0%
Revenue Growth %-17.74%-0.94%4.43%2.29%-44.7%40.19%23.91%9.55%-6.88%-300%
Non-Interest Expense2.48B2.52B2.55B2.65B4.58B2.54B3.01B3.08B3.63B798M
Efficiency Ratio34.31%35.19%34.13%34.7%108.37%42.87%40.99%38.25%48.36%42.63%
Operating Income
385M▲ 0%
521M▲ 35.3%
574M▲ 10.2%
352M▼ 38.7%
2.78B▲ 688.9%
428M▼ 84.6%
678M▲ 58.4%
799M▲ 17.8%
261M▼ 67.3%
894M▲ 0%
Operating Margin %5.33%7.28%7.68%4.6%65.65%7.22%9.23%9.93%3.48%47.76%
Operating Income Growth %3750%35.32%10.17%-38.68%688.92%-84.59%58.41%17.85%-67.33%-
Pretax Income
385M▲ 0%
521M▲ 35.3%
574M▲ 10.2%
352M▼ 38.7%
2.78B▲ 688.9%
428M▼ 84.6%
678M▲ 58.4%
799M▲ 17.8%
837M▲ 4.8%
894M▲ 0%
Pretax Margin %5.33%7.28%7.68%4.6%65.65%7.22%9.23%9.93%11.17%47.76%
Income Tax687M39M-217M-18M-98M-5M-51M57M104M117M
Effective Tax Rate %178.44%7.49%-37.8%-5.11%-3.53%-1.17%-7.52%7.13%12.43%13.09%
Net Income
-2.99B▲ 0%
762M▲ 125.5%
-360M▼ 147.2%
-206M▲ 42.8%
2.11B▲ 1126.2%
510M▼ 75.9%
625M▲ 22.5%
667M▲ 6.7%
654M▼ 1.9%
693M▲ 0%
Net Margin %-41.39%10.64%-4.81%-2.69%49.98%8.6%8.51%8.29%8.72%37.02%
Net Income Growth %-814.98%125.47%-147.24%42.78%1126.21%-75.88%22.55%6.72%-1.95%21.15%
Net Income (Continuing)-302M482M791M370M2.88B433M729M742M733M777M
EPS (Diluted)
-16.25▲ 0%
4.53▲ 127.9%
5.43▲ 19.9%
2.90▼ 46.6%
16.52▲ 469.7%
4.30▼ 74.0%
5.41▲ 25.8%
6.17▲ 14.0%
6.32▲ 2.4%
7.14▲ 0%
EPS Growth %-896.93%127.88%19.87%-46.59%469.66%-73.97%25.81%14.05%2.43%30.38%
EPS (Basic)-16.945.335.43-1.2417.924.715.746.316.39-
Diluted Shares Outstanding184.1M168.2M141M127.4M125.8M110.2M108.8M101.4M97M97M

VOYA Balance Sheet

Voya Financial, Inc. (VOYA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments50.23B3.87B40.98B45.4B35.37B28.41B26.71B25.7B1.23B58.05B
Cash & Due from Banks1.44B1.57B1.25B1.72B1.57B1.01B1.12B1.51B1.23B969M
Short Term Investments48.8B37.02B39.73B43.68B33.8B27.4B25.59B24.18B00
Total Investments68.51B52.41B11.4B11.68B11.49B12.09B11.74B55.36B0146.59B
Investments Growth %2.48%-23.5%-78.24%2.4%-1.58%5.17%-2.87%371.54%-100%469.08%
Long-Term Investments54.78B15.39B-28.33B-32B-22.3B-15.31B-13.85B31.18B0213.8B
Accounts Receivables7.63B3.84B3.73B3.56B13.63B12.43B11.98B11.28B10.71B10.61B
Goodwill & Intangibles3.37B2.97B00169M957M1.6B1.58B7.25B94M
Goodwill000072M327M748M748M094M
Intangible Assets3.37B2.97B0097M630M857M832M7.25B0
PP&E (Net)0000000000
Other Assets96.41B88.49B151.16B162.37B143.41B117.91B128.48B92.01B159.67B15.17B
Total Current Assets4.62B1.54B44.71B48.96B49B40.83B38.69B36.98B11.94B11.58B
Total Non-Current Assets154.56B106.85B124.28B131.56B122.26B105.77B118.4B126.91B166.92B161.85B
Total Assets
222.53B▲ 0%
154.39B▼ 30.6%
168.99B▲ 9.5%
180.52B▲ 6.8%
171.26B▼ 5.1%
146.61B▼ 14.4%
157.09B▲ 7.1%
163.89B▲ 4.3%
178.86B▲ 9.1%
173.43B▲ 0%
Asset Growth %3.7%-30.62%9.46%6.82%-5.13%-14.4%7.15%4.33%9.13%28.13%
Return on Assets (ROA)-1.37%0.4%-0.22%-0.12%1.2%0.32%0.41%0.42%0.38%0.39%
Accounts Payable0000000000
Total Debt4.51B3.68B3.52B3.83B3.48B3.47B3.43B3.6B2.1B2.5B
Net Debt3.07B2.11B2.27B2.1B1.9B2.46B2.31B2.09B876M1.53B
Long-Term Debt4.17B3.68B3.52B3.83B3.48B3.33B3.43B3.2B1.52B1.91B
Short-Term Debt337M1M1M1M1M141M1M399M586M587M
Other Liabilities206.55B141.76B155.31B165.51B157.97B138.14B147.6B154.28B169.72B164.81B
Total Current Liabilities755M41M1M1M1M141M1M399M586M281M
Total Non-Current Liabilities210.72B145.44B158.83B169.34B161.44B141.47B151.03B157.48B171.23B166.73B
Total Liabilities211.49B145.45B158.83B169.34B161.44B141.61B151.03B157.88B171.82B166.73B
Total Equity
11.04B▲ 0%
9.01B▼ 18.4%
10.16B▲ 12.8%
11.18B▲ 10.0%
9.82B▼ 12.1%
5B▼ 49.1%
6.05B▲ 21.1%
6.01B▼ 0.8%
7.04B▲ 17.2%
6.71B▲ 0%
Equity Growth %-20.97%-18.43%12.84%10.01%-12.14%-49.12%21.13%-0.76%17.18%41.87%
Equity / Assets (Capital Ratio)4.96%5.83%6.01%6.19%5.73%3.41%3.85%3.67%3.94%3.87%
Return on Equity (ROE)-23.93%7.6%-3.76%-1.93%20.13%6.88%11.31%11.06%10.03%10.12%
Book Value per Share59.9653.5472.0687.7478.0745.3455.6359.2472.5769.13
Tangible BV per Share41.6335.8672.0687.7476.7236.6640.8843.66-2.1368.16
Common Stock3M3M2M2M1M1M1M1M1M1M
Additional Paid-in Capital23.82B24.32B11.18B11.18B7.54B6.64B6.14B6.27B6.36B6.39B
Retained Earnings-12.72B-11.73B-4.72B-4.96B-1.31B-201M505M954M1.39B1.51B
Accumulated OCI2.73B607M3.33B4.9B2.1B-3.06B-2.4B-2.46B-1.79B-2.06B
Treasury Stock-3.83B-4.98B-460M-1.02B-80M-39M-56M-754M-1.01B-1.19B
Preferred Stock0000000000

VOYA Cash Flow Statement

Voya Financial, Inc. (VOYA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations1.58B1.87B1.31B1.36B22M1.35B1.64B911M1.29B1.29B
Operating CF Growth %-57.15%18.08%-29.87%3.97%-98.38%6045.45%21.15%-44.38%41.38%743.13%
Net Income-2.77B907M-310M-49M3.13B510M625M667M654M693M
Depreciation & Amortization0000000000
Deferred Taxes814M-81M-318M-9M410M0037M00
Other Non-Cash Items3.07B1.07B1.03B88M-3.29B1.14B315M112M124M936M
Working Capital Changes355M-120M806M1.24B-317M-300M698M95M510M160M
Cash from Investing-2.43B-282M-1.25B-2.46B-327M-1.95B2.53B-141M-1.37B-1.97B
Purchase of Investments-6.49B-7.57B-6.54B-6.95B-8.11B-12.21B-6.41B-7M-12.93B-7.48B
Sale/Maturity of Investments7.23B6.92B6.64B5.65B7.17B10.34B9.36B35M11.32B5.63B
Net Investment Activity740M-654M105M-1.3B-937M-1.88B2.95B28M-1.61B-1.85B
Acquisitions-80M371M-997M-707M-467M-2M-584M-60M224M-1.19B
Other Investing-3.09B1M-363M-457M1.08B-65M166M-109M18M1.07B
Cash from Financing-349M-1.76B-121M1.7B-265M28M-4.06B-759M-85M615M
Dividends Paid-8M-6M-72M-112M-116M-119M-163M-209M-219M-176M
Share Repurchases-923M-1.02B-1.14B-516M-1.11B-750M-369M-640M-200M-350M
Stock Issued3M3M3M4M4M7M06M5M5M
Net Stock Activity-920M-1.02B-1.13B-512M-1.11B-743M-369M-634M-195M-345M
Debt Issuance (Net)1000K-1000K1000K-1000K-1000K1000K-1000K1000K-1000K-1000K
Other Financing539M-783M701M2.6B1.19B560M-3.17B-44M832M1.01B
Net Change in Cash
-1.2B▲ 0%
-178M▲ 85.1%
-66M▲ 62.9%
603M▲ 1013.6%
-570M▼ 194.5%
-566M▲ 0.7%
111M▲ 119.6%
11M▼ 90.1%
-166M▼ 1609.1%
80M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning2.91B1.72B1.54B1.54B2.14B1.57B1.01B206M1.51B1.35B
Cash at End1.72B1.54B1.47B2.14B1.57B1.01B1.12B217M1.35B1.09B
Interest Paid174M180M159M154M157M131M113M103M00
Income Taxes Paid01M003M14M4M5M00
Free Cash Flow
1.58B▲ 0%
1.87B▲ 18.1%
1.31B▼ 29.9%
1.36B▲ 4.0%
22M▼ 98.4%
1.35B▲ 6045.5%
1.64B▲ 21.2%
911M▼ 44.4%
1.29B▲ 41.4%
1.43B▲ 0%
FCF Growth %-57.15%18.08%-29.87%3.97%-98.38%6045.45%21.15%-44.38%41.38%53.05%

VOYA Banking Ratios

Voya Financial, Inc. (VOYA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)-23.93%7.6%-3.76%-1.93%20.13%6.88%11.31%11.06%10.03%10.12%
Return on Assets (ROA)-1.37%0.4%-0.22%-0.12%1.2%0.32%0.41%0.42%0.38%0.39%
Net Interest Margin-0.12%-0.17%-0.13%-0.1%-0.13%-0.12%-0.19%-0.18%-0.07%-0.12%
Efficiency Ratio34.31%35.19%34.13%34.7%108.37%42.87%40.99%38.25%48.36%42.63%
Equity / Assets4.96%5.83%6.01%6.19%5.73%3.41%3.85%3.67%3.94%3.87%
Book Value / Share59.9653.5472.0687.7478.0745.3455.6359.2472.5769.13
NII Growth32.31%0%19.7%12.26%-20.43%18.3%-62.84%-0.34%60.87%32.36%
Dividend Payout-0.79%--3.78%16.27%20.32%25.19%27.22%19.48%

VOYA SEC Filings & Documents

Voya Financial, Inc. (VOYA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Apr 8, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

VOYA Frequently Asked Questions

Voya Financial, Inc. (VOYA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Voya Financial, Inc. (VOYA) saw revenue decline by 6.9% over the past year.

Yes, Voya Financial, Inc. (VOYA) is profitable, generating $693.0M in net income for fiscal year 2025 (8.7% net margin).

Dividend & Returns

Yes, Voya Financial, Inc. (VOYA) pays a dividend with a yield of 2.30%. This makes it attractive for income-focused investors.

Voya Financial, Inc. (VOYA) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

Industry Metrics

Voya Financial, Inc. (VOYA) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.

Voya Financial, Inc. (VOYA) has an efficiency ratio of 48.4%. This is excellent, indicating strong cost control.

Explore More VOYA

Voya Financial, Inc. (VOYA) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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