VOYA · Voya Financial, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.19B | $8.05B | $7.35B | $5.92B | $4.23B | $7.65B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $3.45B | $3.08B | $3.10B | $2.54B | $2.59B | $2.65B |
| D&A | - | - | - | - | - | - |
| Operating Income | $870.00M | $799.00M | $678.00M | $428.00M | $352.00M | $352.00M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $104.00M | $57.00M | ($51.00M) | ($5.00M) | ($98.00M) | ($18.00M) |
| Net Income | $654.00M | $667.00M | $625.00M | $510.00M | $2.13B | ($206.00M) |
| EPS - Basic | $6.40 | $6.31 | $5.74 | $4.71 | $17.92 | ($1.90) |
| EPS - Diluted | $6.29 | $6.17 | $5.42 | $4.30 | $16.61 | ($1.84) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.35B | $1.51B | $1.12B | $1.01B | $1.40B | $1.50B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $178.86B | $163.89B | $157.09B | $147.65B | $171.26B | $180.52B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $1.52B | $2.10B | $2.10B | $2.09B | $2.60B | $3.04B |
| Total Liabilities | $171.82B | $157.88B | $151.03B | $141.53B | $161.44B | $169.34B |
| Stockholders' Equity | $4.95B | $4.00B | $4.19B | $4.47B | $8.25B | $10.11B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.29B | $1.34B | $1.64B | $1.35B | $72.00M | $1.21B |
| Investing Cash Flow | ($1.37B) | $481.00M | $2.53B | ($1.95B) | ($327.00M) | ($2.46B) |
| Financing Cash Flow | ($85.00M) | ($1.43B) | ($4.06B) | $28.00M | ($265.00M) | $1.70B |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 10.6% | 9.9% | 9.2% | 7.2% | 8.3% | 4.6% |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 8.0% | 8.3% | 8.5% | 8.6% | 50.3% | -2.7% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 13.7% | 7.9% | -8.9% | -1.0% | -4.8% | - |
| Return on assets | 0.4% | 0.4% | 0.4% | 0.3% | 1.2% | -0.1% |
| Return on equity | 13.2% | 16.7% | 14.9% | 11.4% | 25.8% | -2.0% |
| Return on invested capital | 11.6% | 12.1% | 10.8% | 6.5% | 3.2% | 2.1% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.31 | 0.53 | 0.50 | 0.47 | 0.31 | 0.30 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 36.11 | 40.92 | 37.46 | 33.04 | 20.75 | 17.86 |
| Liabilities / Assets | 0.96 | 0.96 | 0.96 | 0.96 | 0.94 | 0.94 |
| Efficiency | ||||||
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 | 0.04 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 11.8x | 11.2x | 13.5x | 14.3x | 4.0x | - |
| P / B | 1.5x | 1.7x | 1.9x | 1.5x | 1.0x | 0.8x |
| P / S | 0.9x | 0.9x | 1.1x | 1.1x | 2.0x | 1.0x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.7% | 9.6% | 24.1% | 40.0% | -44.7% | 2.3% |
| Revenue CAGR (3y) | 11.4% | 23.9% | -1.3% | -7.5% | -20.8% | -3.9% |
| Revenue CAGR (5y) | 1.4% | 1.5% | -2.9% | -7.2% | -17.1% | -7.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 8.9% | 17.8% | 58.4% | 21.6% | 0.0% | -37.1% |
| Net income growth (YoY) | -1.9% | 6.7% | 22.5% | -76.0% | - | 41.3% |
| EPS growth (YoY) | 1.9% | 13.8% | 26.0% | -74.1% | - | 28.7% |
| EPS CAGR (3y) | 13.5% | -28.1% | - | - | 47.3% | - |
| EPS CAGR (5y) | - | - | 0.8% | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 23.7% | -4.5% | -6.2% | -45.8% | -18.4% | 7.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.79B totalInvestment Management Segment$1.01B · 56.3%
Wealth Solutions Segment$740.00M · 41.3%
Health Solutions Segment$44.00M · 2.5%
Product / service
$329.00M totalSoftware Subscription And Service$198.00M · 60.2%
Distribution Fees Member$131.00M · 39.8%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Life Insurance
Comparing Voya Financial against the 5 most active filers in the same SIC group.
Dividends
$1.86/share trailing 12 months · +3.3% YoY
| Ex-date | Per share |
|---|---|
| May 26, 2026 | $0.4700 |
| Feb 25, 2026 | $0.4700 |
| Nov 26, 2025 | $0.4700 |
| Aug 26, 2025 | $0.4500 |
| May 27, 2025 | $0.4500 |
| Feb 25, 2025 | $0.4500 |
| Nov 26, 2024 | $0.4500 |
| Aug 27, 2024 | $0.4500 |
| May 24, 2024 | $0.4000 |
| Feb 23, 2024 | $0.4000 |
| Nov 24, 2023 | $0.4000 |
| Aug 25, 2023 | $0.4000 |
| May 25, 2023 | $0.2000 |
| Feb 23, 2023 | $0.2000 |
| Nov 25, 2022 | $0.2000 |
| Aug 25, 2022 | $0.2000 |
| May 24, 2022 | $0.2000 |
| Feb 24, 2022 | $0.2000 |
| Nov 26, 2021 | $0.2000 |
| Aug 25, 2021 | $0.1650 |
| May 25, 2021 | $0.1650 |
| Feb 25, 2021 | $0.1650 |
| Nov 27, 2020 | $0.1500 |
| Aug 28, 2020 | $0.1500 |