Voya Financial (VOYA) financial statements
Voya Financial reported revenue of $8.2B in fiscal 2025, down 0.8% a year over 9 years.
Net income was $654M and the operating margin 12.7%, against 1.3% in 2016.
The diluted share count fell 52% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Voya Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.8B | $7.2B | $7.2B | $7.5B | $7.6B | $4.2B | $5.9B | $7.3B | $8.1B | $8.2B |
| Operating income | $114M | $385M | $521M | $574M | $352M | $3.1B | $428M | $916M | $870M | $1.0B |
| Interest expense | $288M | $184M | $221M | $176M | — | — | — | — | — | — |
| Pre-tax income | $10M | $385M | $521M | $574M | $352M | $3.1B | $428M | $678M | $799M | $837M |
| Income tax | -$29M | $687M | $39M | -$217M | -$18M | -$34M | -$5M | -$51M | $57M | $104M |
| Net income | -$327M | -$3.0B | $762M | -$360M | -$206M | $2.4B | $510M | $625M | $667M | $654M |
| EPS (diluted) | -$1.61 | -$16.25 | $4.53 | -$2.64 | -$1.84 | $18.56 | $4.30 | $5.42 | $6.17 | $6.29 |
| Diluted shares | 203M | 184M | 168M | 147M | 132M | 126M | 110M | 109M | 101M | 97M |
| Operating margin | 1.3% | 5.3% | 7.3% | 7.7% | 4.6% | 73.9% | 7.2% | 12.5% | 10.8% | 12.7% |
| Net margin | -3.7% | -41.4% | 10.6% | -4.8% | -2.7% | 56.8% | 8.6% | 8.5% | 8.3% | 8.0% |
Balance sheet
Fiscal years, from Voya Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.1B | $854M | $1.5B | $1.2B | $1.5B | $1.4B | $1.0B | $1.1B | $1.5B | $1.3B |
| Receivables | $59M | $66M | $47M | $50M | $63M | -$36M | -$29M | — | — | — |
| Goodwill | — | $31M | $48M | $48M | $48M | $72M | $327M | $748M | $748M | $804M |
| Total assets | $214.6B | $222.5B | $155.4B | $169.0B | $180.5B | $171.3B | $146.6B | $157.1B | $163.9B | $178.9B |
| Long-term debt | $3.5B | $3.1B | $3.1B | $3.0B | $3.0B | $2.6B | $2.1B | $2.1B | $2.1B | $1.5B |
| Total liabilities | $200.6B | $211.5B | $146.4B | $158.8B | $169.3B | $161.4B | $141.6B | $151.0B | $157.9B | $171.8B |
| Shareholders' equity | $13.0B | $10.0B | $8.2B | $9.3B | $10.1B | $8.3B | $3.3B | $4.2B | $4.0B | $5.0B |
| Net debt | $1.5B | $2.6B | $1.6B | $1.9B | $1.5B | $1.2B | $1.2B | $980M | $988M | $756M |
Cash flow
Fiscal years, from Voya Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.7B | $1.6B | $1.9B | $1.3B | $1.4B | $22M | $1.4B | $1.6B | $1.3B | $1.3B |
| Capital spending | $67M | — | — | — | — | — | — | — | — | — |
| Free cash flow | $3.6B | — | — | — | — | — | — | — | — | — |
| Stock-based compensation | $99M | $117M | $96M | $98M | $88M | $88M | $90M | $126M | $96M | $72M |
| Dividends paid | $8M | $8M | $6M | $44M | $36M | $36M | $83M | $127M | $171M | $178M |
| Share buybacks (net) | -$687M | -$923M | -$1.0B | -$1.1B | -$516M | -$1.1B | -$750M | -$369M | -$640M | -$200M |
| Net borrowing | — | — | — | — | — | $0 | $0 | $388M | $397M | $0 |
| Free cash flow margin | 41.3% | — | — | — | — | — | — | — | — | — |
| Dividends per share | $0.04 | $0.04 | $0.04 | $0.30 | $0.27 | $0.29 | $0.75 | $1.17 | $1.69 | $1.83 |
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What was Voya Financial's revenue in 2025?
$8.2B in fiscal 2025, from its 10-K filing.
From Voya Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.