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VOYA FINANCIAL, INC. (VOYA) Financials

VOYA
Trailing 12 months to June 30, 2026
Revenue $8.2B +3.2% YoY
Net Income $608.0M +14.1% YoY
EPS (Diluted) $5.93 +17.9% YoY
Operating Cash Flow $1.2B -12.4% YoY
Market Cap $8.8B as of Oct 2, 2026
Price / Sales 1.1x on $8.2B revenue, trailing 12 months to June 30, 2026
Price / Earnings 14.4x on $608.0M net income, trailing 12 months to June 30, 2026
Price / Book 1.9x on $4.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VOYA SEC filings page.

VOYA FINANCIAL, INC. (VOYA) reported $8.2B in revenue over the twelve months to Jun 30, 2026, up 3.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VOYA FY2025

An asset-heavy financial model converts modest asset returns into recurring earnings while using debt reduction and investment cash flows to allocate capital.

Cash generation is stronger than reported profit: operating cash flow exceeded net income in each of FY2023-FY2025, reaching $1.29B against $654M of earnings in FY2025. But the shift in investing cash flow—from an inflow of $481M in FY2024 to an outflow of $1.37B in FY2025—shows that internally generated cash is being redeployed rather than simply retained.

Balance-sheet leverage eased materially in FY2025: debt-to-equity fell from 0.5x to 0.3x as long-term debt declined from $2.10B to $1.52B and equity increased to $4.95B. That combination points to a more conservative capital structure even as total liabilities remained about 96.1% of assets.

Revenue-based profitability needs asset context. FY2025 net margin was 8.0%, while return on assets was only 0.4%; the gap reflects a business carrying a very large asset base relative to revenue, so earnings efficiency cannot be judged from margins alone. Operating margin also recovered to 12.7% from 10.8% in FY2024, indicating improved operating performance without a comparable rise in asset productivity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

VOYA FINANCIAL, INC. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
5/7

VOYA FINANCIAL, INC. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.97x

For every $1 of reported earnings, VOYA FINANCIAL, INC. generates $1.97 in operating cash flow ($1.3B OCF vs $654.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.9B
YoY-4.3%
QoQ-6.6%

VOYA FINANCIAL, INC. generated $1.9B in revenue in Q2 2026. This represents a decrease of 4.3% from the same quarter a year earlier. Against the prior quarter it is down 6.6%.

Net Income
$94.0M
YoY-43.4%
QoQ-48.4%

VOYA FINANCIAL, INC. reported $94.0M in net income in Q2 2026. This represents a decrease of 43.4% from the same quarter a year earlier. Against the prior quarter it is down 48.4%.

EPS (Diluted)
$0.97
YoY-41.6%
QoQ-44.6%
5Y CAGR-22.8%
10Y CAGR+2.1%

VOYA FINANCIAL, INC. earned $0.97 per diluted share (EPS) in Q2 2026. This represents a decrease of 41.6% from the same quarter a year earlier. Against the prior quarter it is down 44.6%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$1.1B
YoY-17.9%
QoQ-0.5%

VOYA FINANCIAL, INC. held $1.1B in cash against $1.9B in long-term debt as of Q2 2026.

Dividends Per Share
$0.47
YoY+4.4%
QoQ0.0%
5Y CAGR+23.3%
10Y CAGR+47.0%

VOYA FINANCIAL, INC. paid $0.47 per share in dividends in Q2 2026. This represents an increase of 4.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
91M
YoY-6.0%
QoQ-0.1%
5Y CAGR-4.4%
10Y CAGR-7.6%

VOYA FINANCIAL, INC. had 91M shares outstanding in Q2 2026. This represents a decrease of 6.0% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin
5.0%
YoY-3.4pp
QoQ-4.0pp

VOYA FINANCIAL, INC.'s net profit margin was 5.0% in Q2 2026, showing the share of revenue converted to profit. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.

Return on Equity
2.0%
YoY-1.6pp
QoQ-1.9pp

VOYA FINANCIAL, INC.'s ROE was 2.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$150.0M
QoQ0.0%
5Y CAGR+1.8%
10Y CAGR-5.6%

VOYA FINANCIAL, INC. spent $150.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. It is unchanged from the prior quarter.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

VOYA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VOYA quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$1.9B-4.3%$2.0B+3.1%$2.1B+5.0%$2.1B+8.8%$2.0B-2.6%$2.0B-4.0%$2.0B+10.5%$2.0B+7.3%
Income Tax$16.0M-40.7%$35.0M+59.1%$20.0M+2100.0%$35.0M+94.4%$27.0M-34.1%$22.0M+2300.0%-$1.0M+94.1%$18.0M+124.3%
Net Income$94.0M-43.4%$182.0M+16.7%$140.0M+44.3%$192.0M+68.4%$166.0M-19.0%$156.0M-37.8%$97.0M-20.5%$114.0M-56.5%
EPS (Basic)$0.99-41.4%$1.78+22.8%$1.44+45.5%$1.82+82.0%$1.69-15.5%$1.45-36.7%$0.99-11.6%$1.00-57.4%
EPS (Diluted)$0.97-41.6%$1.75+23.2%$1.41+45.4%$1.80+83.7%$1.66-15.3%$1.42-36.6%$0.97-12.6%$0.98-57.2%
Diluted Shares (Avg)92M-5.5%95M-3.4%N/A97M-3.0%98M-4.5%98M-6.4%N/A100M-7.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense.

VOYA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VOYA quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$182.9B+6.1%$173.4B+5.8%$178.9B+9.1%$177.4B+6.3%$172.4B+6.9%$163.9B+1.4%$163.9B+4.3%$166.9B+11.8%
Cash & Equivalents$1.1B-17.9%$1.1B+7.9%$1.3B-11.0%$1.3B-17.4%$1.3B+11.9%$1.0B-14.1%$1.5B+35.4%$1.5B+68.5%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$342.0M+5.9%$344.0M-3.6%$378.0M+4.7%$341.0M+0.6%$323.0M+8.8%$357.0M+5.3%$361.0M+6.5%$339.0M
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$804.0M0.0%$804.0M0.0%$804.0M+7.5%$804.0M+7.5%$804.0M+7.5%$804.0M+7.5%$748.0M0.0%$748.0M0.0%
Total Liabilities$176.3B+6.3%$166.7B+5.8%$171.8B+8.8%$170.4B+6.2%$165.9B+6.7%$157.6B+1.2%$157.9B+4.5%$160.4B+11.1%
Long-Term Debt$1.9B+17.7%$1.9B-9.0%$1.5B-27.8%$1.5B-27.8%$1.7B-2.9%$2.1B+23.2%$2.1B+0.3%$2.1B+0.4%
Total Equity$4.7B+1.2%$4.7B+6.3%$5.0B+23.7%$5.0B+5.0%$4.6B+14.5%$4.4B+5.5%$4.0B-4.5%$4.7B+50.9%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities, Retained Earnings.

VOYA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VOYA quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$503.0M-32.2%-$36.0M+79.9%$557.0M+605.1%$168.0M-76.6%$742.0M+134.8%-$179.0M-177.5%$79.0M-78.3%$719.0M+78.4%
Stock-Based Compensation$24.0M+33.3%$35.0M+25.0%N/A$9.0M-60.9%$18.0M-21.7%$28.0M-28.2%N/A$23.0M+9.5%
Investing Cash Flow$724.0M+238.2%-$352.0M-243.7%-$372.0M-1517.4%-$718.0M-47.7%-$524.0M-469.6%$245.0M-77.4%-$23.0M-102.8%-$486.0M-213.0%
Financing Cash Flow-$1.2B-1424.7%$130.0M+122.8%-$113.0M-29.9%$505.0M+282.6%$93.0M+142.3%-$570.0M+54.6%-$87.0M+91.3%$132.0M+110.4%
Dividends Paid-$40.0M0.0%$44.0M+2.3%$45.0M+4.7%$130.0M+195.5%-$40.0M-193.0%$43.0M+4.9%$43.0M+2.4%$44.0M+4.8%
Share Buybacks$150.0M$150.0M$100.0M-16.7%$100.0M-41.9%$0-100.0%$0-100.0%$120.0M-23.6%$172.0M+244.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.

VOYA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VOYA quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin5.0%-3.4pp9.0%+1.0pp6.6%+1.8pp9.0%+3.2pp8.4%-1.7pp7.9%-4.3pp4.8%-1.9pp5.8%-8.5pp
Return on Equity2.0%-1.6pp3.9%+0.4pp2.8%+0.4pp3.9%+1.4pp3.6%-1.5pp3.6%-2.5pp2.4%-0.5pp2.4%-6.0pp
Return on Assets0.1%-0.1pp0.1%0.0pp0.1%0.0pp0.1%0.0pp0.1%0.0pp0.1%-0.1pp0.1%0.0pp0.1%-0.1pp
Debt-to-Equity0.42+0.1x0.41-0.1x0.31-0.2x0.31-0.1x0.36-0.1x0.48+0.1x0.530.0x0.45-0.2x
Asset Turnover0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
VOYA FINANCIAL, INC. VOYA FY2025 $8.2B $654.0M 8.0% $8.8B —
Freedom Holding Corp. FRHC FY2026 $2.2B $153.3M 7.0% $11.1B 25/100
HILLTOP HOLDINGS INC. HTH FY2025 $1.3B $166.0M 13.0% $2.2B 20/100
ORIX Corporation IX FY2012 $11.8B $1.0B 8.8% $38.9B —
LendingTree, Inc. TREE FY2025 $1.1B $151.0M 13.5% $344.7M 14/100
Dun & Bradstreet Holdings, Inc. DNB FY2024 $2.4B -$28.6M -1.2% $4.1B 46/100

Frequently Asked Questions

What is VOYA FINANCIAL, INC.'s annual revenue?

VOYA FINANCIAL, INC. (VOYA) reported $8.2B in total revenue for fiscal year 2025. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is VOYA FINANCIAL, INC.'s revenue growing?

VOYA FINANCIAL, INC. (VOYA) revenue grew by 1.7% year-over-year, from $8.1B to $8.2B in fiscal year 2025.

Is VOYA FINANCIAL, INC. profitable?

Yes, VOYA FINANCIAL, INC. (VOYA) reported a net income of $654.0M in fiscal year 2025, with a net profit margin of 8.0%.

VOYA FINANCIAL, INC. (VOYA) reported diluted earnings per share of $6.29 for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, VOYA FINANCIAL, INC. (VOYA) had $1.3B in cash and equivalents against $1.5B in long-term debt.

VOYA FINANCIAL, INC. (VOYA) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

VOYA FINANCIAL, INC. (VOYA) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, VOYA FINANCIAL, INC. (VOYA) paid $1.82 per share in dividends during fiscal year 2025.

VOYA FINANCIAL, INC. (VOYA) has a return on equity of 13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

VOYA FINANCIAL, INC. (VOYA) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

VOYA FINANCIAL, INC. (VOYA) had $178.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, VOYA FINANCIAL, INC. (VOYA) spent $200.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

VOYA FINANCIAL, INC. (VOYA) had 93M shares outstanding as of fiscal year 2025.

VOYA FINANCIAL, INC. (VOYA) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

VOYA FINANCIAL, INC. (VOYA) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

VOYA FINANCIAL, INC. (VOYA) trades at 14.4x earnings, its market capitalization divided by net income of $608.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $8.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

VOYA FINANCIAL, INC. (VOYA) trades at 1.1x sales, its market capitalization divided by revenue of $8.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.8B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

VOYA FINANCIAL, INC. (VOYA) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

VOYA FINANCIAL, INC. (VOYA) has an earnings quality ratio of 1.97x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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