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.
- Symbol
- VOYA
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Financial Conglomerates
- Market cap
- $8.88B
- 52 week range
- 64.5 - 105.64
Valuation
- Share price
- $97.37 (close of 2026-09-23)
- P/E (TTM)
- 16.26x
- Price to book
- 1.39x
- Price to free cash flow
- 7.45x
- Enterprise value
- $10.80B
- Book value per share
- $70.78
Price performance
| Period | Change |
|---|
| 1 day | -3.14% |
| 5 days | -4.95% |
| 1 month | -0.40% |
| 3 months | +5.78% |
| 6 months | +42.88% |
| Year to date | +30.72% |
| 1 year | +27.85% |
| 3 years | +42.40% |
| 5 years | +58.81% |
| 10 years | +237.73% |
| All time | +367.23% |
Profitability and growth
- Return on equity
- 9.59%
- Return on invested capital
- 10.73%
- Return on assets
- 0.37%
- Gross margin
- 46.03%
- Net margin
- 29.00%
- EBITDA margin
- 46.03%
- Revenue growth
- 4.88%
- Net income growth
- -1.95%
- Free cash flow growth
- -4.24%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 13.42%
- Net debt to EBITDA
- 2.69x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.25B
- Cost of revenue
- $1.22B
- Gross profit
- $1.04B
- EBITDA
- $1.04B
- Net income
- $654.00M
- Earnings per share
- $6.40
- Shares outstanding
- 95.80M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.25B | $1.04B | $654.00M | $6.40 |
| 2024-12-31 | $2.15B | $870.00M | $667.00M | $6.31 |
| 2023-12-31 | $1.94B | $916.00M | $625.00M | $5.74 |
| 2022-12-31 | $1.69B | - | $510.00M | $4.70 |
| 2021-12-31 | $1.98B | - | $2.37B | $20.02 |
| 2020-12-31 | $1.75B | - | $-206.00M | $-1.90 |
| 2019-12-31 | $1.42B | - | $-360.00M | $-2.75 |
| 2018-12-31 | $1.43B | - | $762.00M | $4.67 |
| 2017-12-31 | $7.23B | - | $-2.99B | $-16.25 |
| 2016-12-31 | $8.79B | $114.50M | $-327.00M | $-1.63 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 46.03% | 29.00% | 9.59% | 10.73% |
| 2024-12-31 | 40.47% | 31.02% | 11.52% | 10.32% |
| 2023-12-31 | 47.24% | 32.23% | 10.63% | 11.18% |
| 2022-12-31 | - | 30.16% | 10.56% | - |
| 2021-12-31 | - | 119.46% | 24.51% | - |
| 2020-12-31 | - | -11.77% | -1.84% | - |
| 2019-12-31 | - | -25.30% | -3.54% | - |
| 2018-12-31 | - | 53.44% | 8.52% | - |
| 2017-12-31 | - | -41.39% | -26.55% | - |
| 2016-12-31 | 1.30% | -3.72% | -2.34% | 0.74% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 end | Free cash flow | Stock-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
- 2026-08-26
- Paid in the last twelve months
- $1.88
| Payment date | Dividend 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
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $2.65
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $1.88 |
| 2026-05-05 | - | - |
| 2026-02-03 | - | - |
| 2025-11-04 | - | - |
| 2025-08-05 | - | - |
| 2025-05-06 | - | - |
| 2025-02-04 | - | - |
| 2024-11-04 | - | - |
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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