15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.2% per year over the past 5 years.
Free cash flow has grown 4.0% per year over the past 5 years.
Financial health
Total debt ($2.7B) exceeds cash ($1.3B); net debt is $1.3B.
Total debt has grown slower than revenue (-2.5% vs 5.2% per year).
Total debt is 2.6× EBITDA.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 27.2% of earnings.
The dividend has grown 37.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.3B
$654M
0.0%
46.0%
—
$2.7B
$1.3B
2024
$2.1B
$667M
0.0%
40.5%
—
$2.9B
$1.5B
2023
$1.9B
$625M
0.0%
47.2%
—
$2.1B
$1.1B
2022
$1.7B
$510M
0.0%
0.0%
—
$2.4B
$1.0B
2021
$2.0B
$2.4B
0.0%
0.0%
—
$2.6B
$1.6B
2020
$1.8B
-$206M
0.0%
0.0%
—
$3.0B
$1.7B
2019
$1.4B
-$360M
0.0%
0.0%
—
$3.0B
—
2018
$1.4B
$762M
0.0%
0.0%
—
$3.1B
—
2017
—
-$3.0B
—
—
—
$3.8B
—
2016
—
-$327M
—
—
$3.6B
$3.5B
—
2015
—
$408M
—
—
$3.2B
$3.5B
—
2014
—
$2.3B
—
—
$3.6B
$3.5B
—
2013
—
$599M
—
—
$3.2B
$3.5B
—
2012
—
$473M
—
—
—
$5.1B
—
2011
—
-$88M
—
—
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$520M
$182M
0.0%
0.0%
—
$3.1B
$1.1B
Dec '25
$603M
$140M
0.0%
0.0%
—
$2.7B
$1.3B
Sep '25
$572M
$192M
0.0%
0.0%
—
$2.7B
$1.3B
Jun '25
$542M
$166M
0.0%
0.0%
—
$2.6B
$1.3B
Mar '25
$538M
$156M
0.0%
0.0%
—
$2.1B
$1.0B
Dec '24
$561M
$97M
0.0%
0.0%
—
$2.9B
$1.5B
Sep '24
$542M
$114M
0.0%
0.0%
—
$2.9B
$1.5B
Jun '24
$528M
$205M
0.0%
0.0%
—
$2.5B
$1.2B
Mar '24
$519M
$251M
0.0%
0.0%
—
$2.5B
$1.2B
Dec '23
$477M
$122M
0.0%
0.0%
—
$2.1B
$1.1B
Sep '23
$491M
$262M
0.0%
0.0%
—
$2.1B
$917M
Jun '23
$481M
$158M
0.0%
0.0%
—
$2.4B
$1.3B
Mar '23
$476M
$83M
0.0%
0.0%
—
$2.4B
$824M
Dec '22
$447M
$194M
0.0%
0.0%
—
$2.4B
$1.0B
Sep '22
$464M
$180M
0.0%
0.0%
—
$2.4B
—
Jun '22
$377M
$68M
0.0%
0.0%
—
$2.4B
—
Mar '22
—
$68M
—
—
—
$2.4B
—
Dec '21
—
$407M
—
—
—
$2.6B
$1.6B
Sep '21
—
$156M
—
—
—
$3.0B
—
Jun '21
—
$463M
—
—
—
$3.0B
—
Valuation over time
How the market has priced VOYA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 12.7× (Mar '23) to 12.4× (Jun '26).
The price-to-sales ratio has fallen from 3.8× (Mar '23) to 3.6× (Jun '26).
The dividend yield has risen from 1.3% (Mar '23) to 2.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VOYA growing its revenue and profit?
Over the past 5 years, Voya Financial, Inc.'s revenue has grown 5.2% per year. These are computed facts, not advice.
How much debt does VOYA have?
As of FY2025, Voya Financial, Inc. reported $2.7B of total debt against $1.3B of cash.
What is VOYA's profit margin?
In FY2025, gross margin was —, operating margin 46.0%, and net margin 29.0%.
What is VOYA's P/E ratio?
As of Jun '26, Voya Financial, Inc. traded at a price-to-earnings ratio of about 12.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.