Voya Financial, Inc.

VOYA Financial Financial Conglomerates

Voya Financial, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 1.73% from fiscal 2024.

Revenue
−4.84%
EPS
+17.6%
Free cash flow
−32.2%
Total debt
−1.26%

Quarter to September 2026, against a year earlier

104.46 1.35 +1.31%
Market cap
$9.3B
P/E
16.5×
Fwd P/E
12.3×
Dividend yield
1.80%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Voya Financial, Inc. (VOYA) Gross margin

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Voya Financial, Inc.'s gross margin over the twelve months to 30 September 2026 was 59.1%, up 0.1 percentage points from fiscal 2025 (59.0%). Over the past ten years it has ranged from 39.5% (fiscal 2016) to 152.4% (fiscal 2021); the current reading is higher than 91% of that period. That is below the Financial Conglomerates industry median of 77.2% and below the Financial sector median of 70.2%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 59.0% 3.92
FY2024 55.0% (3.64)
FY2023 58.7% 1.31
FY2022 57.4% (95.05)
FY2021 152.4% 106.03
FY2020 46.4% (3.46)
FY2019 49.9% (0.76)
FY2018 50.6% 1.21
FY2017 49.4% 9.87
FY2016 39.5% (6.57)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 61.4% 4.89
Jun 2026 56.5% (3.19)
Mar 2026 59.7% 1.13
Dec 2025 58.6% (1.51)
43 more quarters

Against its own ten years

Low 39.5% High 152.4%
Ten-year median 50.6%
Current reading's percentile 76

Gross margin against peers

Company Gross margin
FRHC Freedom Holding Corp. compare 95.8%
HTH Hilltop Holdings Inc. compare 80.9%
RILY BRC Group Holdings, Inc. compare 77.2%
VOYA Voya Financial, Inc. 58.7%
IX Orix Corp Ads compare 43.1%
TMS Live Oak Acquisition Corp. V compare —
Financial Conglomerates industry median 77.2%
Financial sector median 70.2%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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