Voya Financial, Inc.
NYSE:VOYA · New York Stock Exchange
-$0.55 today
Vol 0.94M · Avg 1.25M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:VOYA · Revenue to Net Income
Key Ratios
Analysis
$1.9B of revenue converted into $680.0M of net income for the selected period. Gross margin is 25.0% and net margin is 2.4%, showing how much revenue survives after costs and taxes. EPS is $6.64, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B -6.9% | $8.1B +9.6% | $7.3B +23.9% | $5.9B +40.2% | $4.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.6B -13.5% | $4.2B +14.1% | $3.7B +23.6% | $3.0B +194.5% | -$3.1B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.9B +0.2% | $3.9B +5.1% | $3.7B +24.2% | $3.0B -59.7% | $7.4B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 51.8% +3.7pp | 48.2% -2.0pp | 50.2% +0.1pp | 50.1% -123.9pp | 174.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 -100.0% | $3.1B +2.2% | $3.0B +18.5% | $2.5B | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $3.6B +17.7% | $3.1B +2.2% | $3.0B +18.5% | $2.5B -44.5% | $4.6B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | $261.0M -76.2% | $1.1B +12.5% | $976.0M +59.7% | $611.0M -79.4% | $3.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 3.5% -10.2pp | 13.6% +0.4pp | 13.3% +3.0pp | 10.3% -59.9pp | 70.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $261.0M -67.3% | $799.0M +17.8% | $678.0M +58.4% | $428.0M -84.6% | $2.8B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 3.5% -6.4pp | 9.9% +0.7pp | 9.2% +2.0pp | 7.2% -58.4pp | 65.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $117.0M -60.9% | $299.0M +0.3% | $298.0M +62.8% | $183.0M -18.3% | $224.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $576.0M | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $837.0M +4.8% | $799.0M +17.8% | $678.0M +58.4% | $428.0M -84.6% | $2.8B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 11.2% +1.2pp | 9.9% +0.7pp | 9.2% +2.0pp | 7.2% -58.4pp | 65.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $104.0M +82.5% | $57.0M +211.8% | -$51.0M -920.0% | -$5.0M +94.9% | -$98.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $654.0M -1.9% | $667.0M +6.7% | $625.0M +22.5% | $510.0M -75.9% | $2.1B | $4.9B | $4.8B | $4.7B |
| Net Margin | 8.7% +0.4pp | 8.3% -0.2pp | 8.5% -0.1pp | 8.6% -41.4pp | 50.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 +1.3% | $6 +9.9% | $6 +21.9% | $5 -73.7% | $18 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 +2.4% | $6 +14.0% | $5 +25.8% | $4 -74.0% | $17 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $96.0M -3.2% | $99.2M -3.7% | $103.0M +2.0% | $101.0M -21.3% | $128.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $97.0M -4.3% | $101.4M -6.8% | $108.8M -1.3% | $110.2M -12.4% | $125.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
FirstCash Holdings, Inc
NASDAQ:FCFS
$9.83B
Affiliated Managers Group, Inc.
NYSE:AMG
$9.39B
Commerce Bancshares, Inc.
NASDAQ:CBSH
$7.98B
Janus Henderson Group plc
NYSE:JHG
$7.97B
BOK Financial Corporation
NASDAQ:BOKF
$7.95B
Cadence Bank
CADE
$7.85B
OneMain Holdings, Inc.
NYSE:OMF
$6.66B
Marathon Digital Holdings, Inc.
NASDAQ:MARA
$5.31B
Atlas Corp.
ATCO
$4.45B
PennyMac Financial Services, Inc.
NYSE:PFSI
$4.22B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does VOYA generate?
Voya Financial, Inc. (VOYA) reported $7.50B of revenue in fiscal 2025.
Is VOYA profitable?
Voya Financial, Inc. (VOYA) reported $654.00M of net income, with a net margin of 8.7%.
Explore More
Continue the stock analysis
Jump to another research area for this company.