Voya Financial, Inc. (VOYA)

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.

Ticker
VOYA
Exchange
NYSE
Sector
Financial Services
Industry
Financial Conglomerates
Market cap
$8.88B
52-week range
$64.50 - $105.68

Valuation

Share price
$99.01 (close of Nov 6, 2026)
P/E (TTM)
15.59x
Price to book
1.58x
Price to free cash flow
5.32x
Enterprise value
$10.70B
Book value per share
$62.85

Price performance

PeriodChange
1 day+0.62%
5 days+0.98%
1 month+1.22%
3 months-2.45%
6 months+23.05%
Year to date+32.92%
1 year+36.60%
3 years+43.26%
5 years+45.26%
10 years+231.14%
All time+375.10%

Short interest

As of
Oct 15, 2026
Short % of float
5.70%
Shares short
3.59M
Days to cover
3.33
Change since prior report
-3.87%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
9.59%
Return on assets
0.37%
Net margin
7.99%
Revenue growth
1.73%
Net income growth
-1.95%
Free cash flow growth
-4.24%

Cash flow and balance sheet

Free cash flow yield (TTM)
18.78%
Net debt to EBITDA
2.50x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$8.19B
Net income
$654.00M
Earnings per share
$6.40
Shares outstanding
95.80M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$8.19B$654.00M$6.40
2024-12-31$8.05B$667.00M$6.31
2023-12-31$7.35B$625.00M$5.74
2022-12-31$5.93B$510.00M$4.70
2021-12-31$4.17B$2.37B$20.02
2020-12-31$7.65B-$206.00M-$1.90
2019-12-31$7.48B-$360.00M-$2.75
2018-12-31$7.16B$762.00M$4.67
2017-12-31$7.23B-$2.99B-$16.25
2016-12-31$8.79B-$327.00M-$1.63

Margins and returns by year

Period endNet marginReturn on equity
2025-12-317.99%9.59%
2024-12-318.29%11.52%
2023-12-318.51%10.63%
2022-12-318.60%10.56%
2021-12-3156.78%24.51%
2020-12-31-2.69%-1.84%
2019-12-31-4.81%-3.54%
2018-12-3110.64%8.52%
2017-12-31-41.39%-26.55%
2016-12-31-3.72%-2.34%

Cash and debt by year

Period endCashDebt
2025-12-31$1.35B$1.52B
2024-12-31$1.51B$2.10B
2023-12-31$1.12B$2.10B
2022-12-31$1.01B$2.09B
2021-12-31$1.40B$2.60B
2020-12-31$1.50B$3.04B
2019-12-31$1.18B$3.04B
2018-12-31$1.24B$3.14B
2017-12-31$854.00M$3.12B
2016-12-31$2.10B$3.55B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.29B$72.00M
2024-12-31$1.34B$96.00M
2023-12-31$1.64B$126.00M
2022-12-31$1.35B$90.00M
2021-12-31$22.00M$88.00M
2020-12-31$1.36B$88.00M
2019-12-31$1.31B$98.00M
2018-12-31$1.87B$96.00M
2017-12-31$1.58B$117.00M
2016-12-31$3.63B$99.00M

Dividend history

Most recent payment
Aug 26, 2026
Paid in the last twelve months
$1.88
Payment dateDividend per share
2026-08-26$0.47
2026-05-26$0.47
2026-02-25$0.47
2025-11-26$0.47
2025-08-26$0.45
2025-05-27$0.45
2025-02-25$0.45
2024-11-26$0.45

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-02Sep 2026$2.61
2026-08-04Jun 2026$1.88
2026-05-05Mar 2026$2.02
2026-02-03Dec 2025$2.11
2025-11-04Sep 2025$2.22
2025-08-05Jun 2025$2.09
2025-05-06Mar 2025$1.59
2025-02-04Dec 2024$0.71

Filings and sources

Company website
voya.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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