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VOYAVoya Financial, Inc.
$96.28$8.9B
Overview & Verdict
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VOYA logoVoya Financial, Inc.(VOYA)Earnings, Financials & Key Ratios

VOYA•NYSE
$96.28
15.2× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryFinancial ConglomeratesSub-IndustryAsset and retirement managers
AboutVoya Financial, Inc. operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services. This segment serves corporate, education, healthcare, and other non-profit and government entities, as well as institutional and individual customers. Its Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company's Health Solutions segment offers stop loss, group life, voluntary employee-paid, and disability products through consultants, brokers, third-party administrators, enrollment firms, and technology partners to mid-sized and large businesses. 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 incorporated in 1999 and is based in New York, New York.Show more
  • EBITDA$261M-76.2%
  • Net Income$654M-1.9%
  • EPS (Diluted)6.32+2.4%
  • Gross Margin51.84%+7.6%
  • EBITDA Margin3.48%-74.5%
  • Operating Margin3.48%-64.9%
  • Net Margin8.72%+5.3%
  • ROE10.03%-9.4%

VOYA Price & Volume

Voya Financial, Inc. (VOYA) stock price & volume — 10-year historical chart

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Earnings Volatility Masks Underlying Capital Allocation Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Mixed
Primary Risk:Fee-based revenue volatility

Key Thesis Takeaways

  • Voya Financial presents a complex investment profile characterized by inconsistent top-line growth and significant fluctuations in cash flow conversion, despite maintaining a conservative debt-to-equity ratio of 0.37.
  • While the firm has successfully grown retained earnings to $1.5 billion, investors should remain cautious regarding the sustainability of fee-based revenue in a competitive landscape.
  • The disconnect between reported net income and operating cash flow, highlighted by a negative $36 million free cash flow in 2026Q1, warrants further investigation into the quality of earnings.

Verdict Logic

while the forward P/E of 9.55 suggests potential value, the extreme volatility in cash flow conversion and the $26.1 billion decline in cash holdings since 2025Q1 present significant risks to capital stability.

VOYA Growth Metrics

Voya Financial, Inc. (VOYA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-1.53%
5 Years-0.4%
3 Years8.12%
TTM-

Profit CAGR

10 Years4.83%
5 Years-
3 Years8.64%
TTM21.15%

EPS CAGR

10 Years13.38%
5 Years16.86%
3 Years13.7%
TTM30.38%

Return on Capital

10 Years0.4%
5 Years0.59%
3 Years0.37%
Last Year0.15%

VOYA Recent Earnings

Voya Financial, Inc. (VOYA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$2.26+11.9%
$2.02
Rev
$2.0B+2.7%
$2.0B
Q1 2026
Feb 3, 2026
Metric
Actual
Est
EPS
$1.94-8.1%
$2.11
Rev
$2.1B+6.1%
$2.0B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$2.45+7.9%
$2.27
Rev
$2.1B+7.1%
$2.0B
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$2.40+14.8%
$2.09
Rev
$1.8B-5.3%
$1.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$2.26vs $2.02+11.9%
$2.0Bvs $2.0B+2.7%
Q1 2026Feb 3, 2026
$1.94vs $2.11-8.1%
$2.1Bvs $2.0B+6.1%
Q4 2025Nov 4, 2025
$2.45vs $2.27+7.9%
$2.1Bvs $2.0B+7.1%
Q3 2025Aug 5, 2025
$2.40vs $2.09+14.8%
$1.8Bvs $1.9B-5.3%
Based on last 12 quarters of dataView full earnings history →

Latest VOYA News

Recent stock market news and headlines for Voya Financial, Inc. (VOYA)

Business Wire·1 day ago
Voya Financial highlights critical role employers play in supporting financial protection for workers

NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) a leading retirement, employee benefits and investment management company, today released new thought leadership examining the evolving landscape of paid family and medical leave (PFML) and the broader implications for workforce financial security. The white paper, Protecting the disability continuum: why Short-Term Disability coverage is essential in a Paid Family & Medical Leave World, points to a clear conclusion: while state-b.

Business Wire·6 days ago
Voya Financial schedules announcement of second-quarter 2026 results

NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) will issue a press release announcing its second-quarter 2026 financial results after the market closes on Tuesday, August 4, 2026 and host a call to review the results on Wednesday, August 5, 2026, from 10 a.m. to 11 a.m. ET via live webcast available to the public at investors.voya.com. The announcement, investor supplement and analyst presentation will be available on investors.voya.com upon issuance of the press release. A replay.

Business Wire·Jun 26, 2026
New research from Voya sheds light on the opportunities public sector employees have to improve their retirement confidence

NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) today released new research1 examining the factors shaping retirement confidence among public employees, finding that while government workers report higher levels of retirement preparedness than their private-sector peers, opportunities remain to improve outcomes through greater engagement, education and access to guidance. The research, Beyond the Pension: What Really Drives Retirement Confidence for Public Employees, found that 89%.

Zacks Investment Research·Jun 18, 2026
VOYA Stock Gains 36.1% in a Year: What Should Investors Do Now?

Voya Financial benefits from growth across Retirement, Investment Management and Employee Benefits while expanding shareholder returns.

Zacks Investment Research·Jun 18, 2026
Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Voya (VOYA) have what it takes?

Peers Comparison

Key metrics vs top competitors for Voya Financial, Inc. (VOYA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VOYA logoVOYAVoya Financial, Inc.Current
$96.28$8.93B15.23-6.88%8.72%10.03%1.91%
PFG logoPFGPrincipal Financial Group, Inc.
$112.55$24.31B21.44-3.11%10.03%12.72%—
LNC logoLNCLincoln National Corporation
$38.39$7.34B6.571.24%9.14%16.79%—
RGA logoRGAReinsurance Group of America, Incorporated
$224.08$14.68B12.673.39%4.98%9.4%—
BHF logoBHFBrighthouse Financial, Inc.
$64.88$3.73B11.2142.16%-1.19%-1.06%—
EQH logoEQHEquitable Holdings, Inc.
$47.48$13.37B-9.83-6.21%-7.26%-36.74%—

Compare VOYA vs Peers

Voya Financial, Inc. (VOYA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PFG

Most directly comparable listed peer for VOYA.

Scale Benchmark

vs BLK

Larger-name benchmark to compare VOYA against a more recognizable public peer.

Peer Set

Compare Top 5

vs PFG, LNC, RGA, BHF

VOYA SEC Filings & Documents

Voya Financial, Inc. (VOYA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Apr 8, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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VOYA Frequently Asked Questions

Voya Financial, Inc. (VOYA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Voya Financial, Inc.'s revenue?

Voya Financial, Inc. (VOYA) reported $1.87B in revenue for fiscal year 2025.

How fast is Voya Financial, Inc. growing?

Voya Financial, Inc. (VOYA) saw revenue decline by 6.9% over the past year.

Is VOYA profitable?

Yes, Voya Financial, Inc. (VOYA) is profitable, generating $693.0M in net income for fiscal year 2025 (8.7% net margin).

Dividend & Returns
Does VOYA pay dividends?

Yes, Voya Financial, Inc. (VOYA) pays a dividend with a yield of 1.91%. This makes it attractive for income-focused investors.

What is VOYA's return on equity?

Voya Financial, Inc. (VOYA) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

What is Voya Financial, Inc.'s free cash flow?

Voya Financial, Inc. (VOYA) generated $1.43B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in VOYA back in 2010?

Total return calculator · dividends reinvested · 16+ years of data

See returns →