Voya Financial, Inc. logo

Voya Financial, Inc.

VOYA

NYSEFinancial ServicesInsurance - Life

Previous close

$97.76

+$0.27 · +0.28%

Aug 21, 4:00 PM ET

Pre-market

$97.01

−$0.75 · -0.77%

Aug 24, 8:24 AM ET

VOYA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

92

Deep Value

Momentum

65

Gaining

Sentiment

71

Bullish

Risk resilience

83

Low Risk

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Company profile

Company website

Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits. The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees. This segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services. This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional clients and individual customers. The Employee Benefits segment offers various insurance products comprising stop loss, group life, group disability, whole and term life, critical illness, accident, and hospital indemnity insurance. This segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors, financial intermediaries, and institutional clients through its direct sales force, consultant channel, intermediary partners, banks, broker-dealers, and independent financial advisers. 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 founded in 1975 and is based in New York, New York.

Industry
Insurance - Life
Sector
Financial Services
Headquarters
US
CEO
Heather Lavallee
Listed since
May 2, 2013
Employees
11,000

Market position

Day range

Current $97.76

52-week range

Current $97.76

Open
$98.24
Previous close
$97.49
Volume
725.08K
0.61× average
Average volume
1.2M
Average daily volume
Market cap
8.86B USD
Beta
0.89
Market reference 1
50-day average
$96.6862
+1.11% above average
200-day average
$80.0498
+22.12% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.03B USD
P/E (TTM)
16.38×
P/B (TTM)
P/S (TTM)
2.35×
EV / EBITDA
30.75×
Earnings yield
9.15%
Free cash flow yield
18.01%
Dividend yield
1.90%

Profitability & efficiency

Gross margin
96.89%
Operating margin
19.64%
Net margin
16.14%
Return on equity
13.20%
Return on assets
0.37%
Return on invested capital
0.13%

Financial health

Debt / equity
0.84×
Current ratio
20.38×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends191%123%55%-14%Gross margin, FY2021: 174.02%Gross margin, FY2022: 50.08%Gross margin, FY2023: 50.22%Gross margin, FY2024: 48.17%Gross margin, FY2025: 51.84%Operating margin, FY2021: 65.65%Operating margin, FY2022: 7.22%Operating margin, FY2023: 9.23%Operating margin, FY2024: 9.93%Operating margin, FY2025: 3.48%Net margin, FY2021: 49.98%Net margin, FY2022: 8.60%Net margin, FY2023: 8.51%Net margin, FY2024: 8.29%Net margin, FY2025: 8.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 174.02%. Gross margin FY2022 50.08%. Gross margin FY2023 50.22%. Gross margin FY2024 48.17%. Gross margin FY2025 51.84%. Operating margin FY2021 65.65%. Operating margin FY2022 7.22%. Operating margin FY2023 9.23%. Operating margin FY2024 9.93%. Operating margin FY2025 3.48%. Net margin FY2021 49.98%. Net margin FY2022 8.60%. Net margin FY2023 8.51%. Net margin FY2024 8.29%. Net margin FY2025 8.72%.

Income trends

Revenue

7.5B USD-6.88%

Operating income

261M USD-67.33%

Net income

654M USD-1.95%
Income trends across reported periods8.83B USD5.71B USD2.6B USD−517.9M USDRevenue, FY2021: 4.23B USDRevenue, FY2022: 5.93B USDRevenue, FY2023: 7.35B USDRevenue, FY2024: 8.05B USDRevenue, FY2025: 7.5B USDOperating income, FY2021: 2.78B USDOperating income, FY2022: 428M USDOperating income, FY2023: 678M USDOperating income, FY2024: 799M USDOperating income, FY2025: 261M USDNet income, FY2021: 2.11B USDNet income, FY2022: 510M USDNet income, FY2023: 625M USDNet income, FY2024: 667M USDNet income, FY2025: 654M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.23B USD. Revenue FY2022 5.93B USD. Revenue FY2023 7.35B USD. Revenue FY2024 8.05B USD. Revenue FY2025 7.5B USD. Operating income FY2021 2.78B USD. Operating income FY2022 428M USD. Operating income FY2023 678M USD. Operating income FY2024 799M USD. Operating income FY2025 261M USD. Net income FY2021 2.11B USD. Net income FY2022 510M USD. Net income FY2023 625M USD. Net income FY2024 667M USD. Net income FY2025 654M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.5B USD8.05B USD7.35B USD5.93B USD4.23B USD
Cost of goods sold3.61B USD4.17B USD3.66B USD2.96B USD−3.13B USD
Gross profit3.89B USD3.88B USD3.69B USD2.97B USD7.36B USD
Selling, general, and administrative3.08B USD3.01B USD2.54B USD
Operating expenses3.63B USD3.08B USD3.01B USD2.54B USD4.58B USD
Interest expense117M USD299M USD298M USD183M USD224M USD
Operating income261M USD799M USD678M USD428M USD2.78B USD
Net income654M USD667M USD625M USD510M USD2.11B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+2.57%
11 comparable reports
Latest EPS result
1.51
Estimate 1.98 · Miss by 23.74%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.662.241.821.4Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.5, estimate 2.15, surprise -30.23%, Miss. Q2 2025, reported May 6, 2025: actual 2.15, estimate 1.59, surprise +35.22%, Beat. Q3 2025, reported Aug 5, 2025: actual 2.4, estimate 2.09, surprise +14.83%, Beat. Q4 2025, reported Nov 4, 2025: actual 2.45, estimate 2.27, surprise +7.93%, Beat. Q1 2026, reported Feb 3, 2026: actual 1.94, estimate 2.11, surprise -8.06%, Miss. Q2 2026, reported May 5, 2026: actual 2.26, estimate 2.02, surprise +11.88%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.51, estimate 1.98, surprise -23.74%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 2.56, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.21B2.06B1.91B1.75BQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.97B USD, estimate 1.89B USD, surprise +4.32%, Beat. Q2 2025, reported May 6, 2025: actual 1.97B USD, estimate 1.93B USD, surprise +1.94%, Beat. Q3 2025, reported Aug 5, 2025: actual 1.84B USD, estimate 1.94B USD, surprise -5.33%, Miss. Q4 2025, reported Nov 4, 2025: actual 2.13B USD, estimate 1.99B USD, surprise +7.11%, Beat. Q1 2026, reported Feb 3, 2026: actual 2.11B USD, estimate 1.99B USD, surprise +6.05%, Beat. Q2 2026, reported May 5, 2026: actual 2.03B USD, estimate 1.98B USD, surprise +2.71%, Beat. Q3 2026, reported Aug 4, 2026: actual 1.9B USD, estimate 1.9B USD, surprise -0.07%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.97B USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.82

2025 complete year+161.9% since 2021

2026 partial: $0.94

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Aug 26, 2026

$0.47

Quarterly

Record Aug 26, 2026 · Payment Sep 28, 2026

Dividend

Ex-dividend May 26, 2026

$0.47

Quarterly

Record May 26, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Feb 25, 2026

$0.47

Quarterly

Record Feb 25, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Nov 26, 2025

$0.47

Quarterly

Record Nov 26, 2025 · Payment Dec 29, 2025

Dividend

Ex-dividend Aug 26, 2025

$0.45

Quarterly

Record Aug 26, 2025 · Payment Sep 26, 2025

Dividend

Ex-dividend May 27, 2025

$0.45

Quarterly

Record May 27, 2025 · Payment Jun 26, 2025

VOYA peers

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