Voya Financial, Inc. (VOYA)

Voya Financial Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	8,166	8,189	8,050	7,348	5,930	4,174
Revenue Growth	3.16%	1.73%	9.55%	23.91%	42.07%	-45.43%
Operating Income Operating Income Growth	986	1,084	1,098	1,023	611	3,309
Net Income Net Income Growth	567	613	626	589	474	2,334
Earnings Per Share EPS Growth	5.94	6.29	6.17	5.42	4.30	18.56
EPS Growth	18.67%	1.94%	13.84%	26.05%	-76.83%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Retirement Adjusted Operating Retirement Adjusted Operating Growth	3,339	3,341	2,905	2,776	2,778	3,236
Investment Management Adjusted Operating Investment Management Adjusted Operating Growth	1,053	1,030	982	916	756	783
Employee Benefits Adjusted Operating Employee Benefits Adjusted Operating Growth	3,350	3,348	3,577	3,082	2,582	2,394
Corporate Adjusted Operating Corporate Adjusted Operating Growth	22	19	23	48	67	100

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,008	1,228	1,399	937	919	1,402
Total Debt Total Debt Growth	4,577	4,850	5,277	4,771	3,913	3,988
Net Cash (Debt) Net Cash Growth	-3,569	-3,622	-3,878	-3,834	-2,994	-2,586
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-37.47	-37.19	-38.24	-35.24	-27.17	-20.56

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1,192	1,288	1,345	1,638	1,352	22
Free Cash Flow Free Cash Flow Growth	1,192	1,288	1,345	1,638	1,352	22
Free Cash Flow Growth	-12.42%	-4.24%	-17.89%	21.15%	6045.45%	-98.39%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	12.07%	13.24%	13.64%	13.92%	10.30%	79.28%
Pretax Margin	9.06%	10.22%	9.93%	9.23%	7.22%	73.91%
Profit Margin	6.94%	7.49%	7.78%	8.02%	7.99%	55.92%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.880	1.820	1.700	1.200	0.800	0.695
Dividend Per Share Growth	4.44%	7.06%	41.67%	50.00%	15.11%	15.83%
Dividend Yield	1.98%	2.49%	2.58%	1.76%	1.41%	1.15%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	16.01	11.56	10.58	12.94	12.61	3.15
Forward PE	9.01	7.75	8.43	8.61	8.42	10.60
PS Ratio	1.06	0.87	0.82	1.04	1.01	1.76

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 11, 2026

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