Voya Financial, Inc.VOYAEarnings & Financial Report
Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.
Revenue
$572.0M
Gross Profit
N/A
Operating Profit
$307.0M
Net Profit
$192.0M
Gross Margin
N/A
Operating Margin
53.7%
Net Margin
33.6%
YoY Growth
5.5%
EPS
$1.80
Voya Financial, Inc. Q3 FY2025 Financial Summary
Voya Financial, Inc. reported revenue of $572.0M (up 5.5% YoY) for Q3 FY2025, with a net profit of $192.0M (up 68.4% YoY) (33.6% margin).
Key Financial Metrics
| Total Revenue | $572.0M |
|---|---|
| Net Profit | $192.0M |
| Gross Margin | N/A |
| Operating Margin | 53.7% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Voya Financial, Inc. Q3 FY2025 revenue of $572.0M breaks down across 5 segments, led by Investment Management at $255.0M (44.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Investment Management | $255.0M | 44.6% |
| Investment Management Segment | $237.0M | 41.4% |
| Distribution Fees Member | $35.0M | 6.1% |
| Other | $33.0M | 5.8% |
| Employee Benefits | $12.0M | 2.1% |
Voya Financial, Inc. Revenue by Segment — Quarterly Trend
Voya Financial, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Investment Management and Investment Management Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Investment Management | — | — | $255.0M | — |
| Investment Management Segment | — | $274.0M | $237.0M | $223.0M |
| Distribution Fees Member | — | $34.0M | $35.0M | $31.0M |
| Other | $574.0M | $295.0M | $33.0M | $48.0M |
| Employee Benefits | — | — | $12.0M | $12.0M |
Voya Financial, Inc. Annual Revenue by Year
Voya Financial, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.3B |
| 2024 | $2.1B |
| 2023 | $1.9B |
| 2022 | $3.9B |
Voya Financial, Inc. Quarterly Revenue & Net Profit History
Voya Financial, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.0B | +3.1% | $195.0M | 9.6% |
| Q4 FY2025 | $603.0M | +7.5% | $140.0M | 23.2% |
| Q3 FY2025 | $572.0M | +5.5% | $192.0M | 33.6% |
| Q2 FY2025 | $542.0M | +2.7% | $166.0M | 30.6% |
| Q1 FY2025 | $538.0M | +3.7% | $156.0M | 29.0% |
| Q4 FY2024 | $561.0M | +14.3% | $97.0M | 17.3% |
| Q3 FY2024 | $542.0M | +10.4% | $114.0M | 21.0% |
| Q2 FY2024 | $528.0M | +9.8% | $205.0M | 38.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $528.0M | $542.0M | $561.0M | $538.0M | $542.0M | $572.0M | $603.0M | $2.03B |
| YoY Growth | 9.8% | 10.4% | 14.3% | 3.7% | 2.7% | 5.5% | 7.5% | 3.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $161.28B | $166.93B | $163.89B | $163.95B | $172.44B | $177.45B | $178.86B | $173.43B |
| Liabilities | $155.41B | $160.35B | $157.88B | $157.59B | $165.88B | $170.37B | $171.82B | $166.73B |
| Equity | $4.04B | $4.72B | $4.00B | $4.38B | $4.63B | $4.96B | $4.95B | $6.48B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $316.0M | $719.0M | $79.0M | $-179.0M | $742.0M | $168.0M | $557.0M |