Voya
Provides workplace retirement, employee benefits and institutional investment-management services.
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Profile
Provides retirement-plan services, employee benefits and investment management for workplace and institutional clients. Its three reportable segments reflect a portfolio simplified through legacy-insurance divestitures and expanded through the AllianzGI U.S., Benefitfocus and OneAmerica transactions.
Provides retirement-plan services, employee benefits and investment management for workplace and institutional clients. Retirement, Employee Benefits and Investment Management are its three reportable segments, following the divestiture of substantially all individual-life and legacy non-retirement-annuity businesses.
Capability additions have broadened those businesses: the AllianzGI U.S. transfer expanded the investment-management operation, Benefitfocus added benefits-administration technology, and OneAmerica's retirement-plan business added plan scale. The company traces to ING's U.S. operations, began NYSE trading under VOYA in 2013 and rebranded as Voya Financial in 2014.
The business remains shaped by its workplace and institutional focus, rather than the legacy insurance blocks it exited.
Company facts
Categories
Key statistics
Year to date +35.7% · Average volume (30d) 930.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Reiterate | Overweight | $92 | $105 | |
| Aug 19, 2026 | Wells Fargo | Reiterate | Equal Weight | $89 | $104 | |
| Aug 7, 2026 | Evercore ISI | Reiterate | Outperform | $88 | $111 | |
| Jul 23, 2026 | RBC Capital | Reiterate | Outperform | $100 | $107 | |
| Jul 15, 2026 | Atlantic Equities | Target | $79 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.98 | $1.51 | −23.7% | $1.90B | $1.90B | −0.1% | −0.57% |
| May 5, 2026Q1 FY26 | $2.02 | $2.26 | +11.9% | $1.98B | $2.03B | +2.7% | −3.19% |
| Feb 3, 2026Q4 FY25 | $2.11 | $1.94 | −8.1% | $1.99B | $2.11B | +6.1% | −3.67% |
| Nov 4, 2025Q3 FY25 | $2.27 | $2.45 | +7.9% | $1.99B | $2.13B | +7.1% | −3.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $1.87B | $1.90B | |
| Gross profit | −$67.0M | −$63.0M | −$60.0M | −$57.0M | $1.87B | $1.90B | |
| Operating income | $173.0M | $188.0M | $307.0M | $169.0M | $230.0M | $34.0M | |
| Net income | $156.0M | $166.0M | $192.0M | $140.0M | $182.0M | $94.0M | |
| Diluted EPS | $1.42 | $1.66 | $1.80 | $1.44 | $1.74 | $0.93 | |
| Gross margin | — | — | — | — | 100.0% | 100.0% | |
| Operating margin | — | — | — | — | 12.3% | 1.8% |
Fiscal years (4-quarter sums)FY21 $3.96B · FY22 $5.93B · FY23 $7.35B · FY24 $8.05B · FY25 $0
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.09B · Total debt $3.94B · Total assets $182.95B · Shareholders' equity $4.69B
Dividends
Raised for 11 straight years — most recently to $0.47 from $0.45 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 26, 2026 | Aug 26 | Sep 28 | $0.47 | |
| May 26, 2026 | May 26 | Jun 26 | $0.47 | |
| Feb 25, 2026 | Feb 25 | Mar 27 | $0.47 | |
| Nov 26, 2025 | Nov 26 | Dec 29 | $0.47 | raised from $0.45 |
| Aug 26, 2025 | Aug 26 | Sep 26 | $0.45 | |
| May 27, 2025 | May 27 | Jun 26 | $0.45 | |
| Feb 25, 2025 | Feb 25 | Mar 27 | $0.45 | |
| Nov 26, 2024 | Nov 26 | Dec 26 | $0.45 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 90.67M · Float 90.34M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.39M | 10.36% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 6.82M | 7.52% | 13F | Aug 14, 2026 |
| T. Rowe Price Associates, Inc. | 6.75M | 7.00% | 13G | Nov 14, 2025 |
| Bank of New York Mellon Corp | 5.75M | 6.34% | 13F | Aug 6, 2026 |
| Vanguard Portfolio Management LLC | 4.91M | 5.41% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Santhosh Keshavan | officer: See Remarks | −35,587 | $98.07 |
| Jun 8, 2026 | Trevor Ogle | officer: See Remarks | −3,994 | $90.00 |
| Mar 2, 2026 | Trevor Ogle | officer: See Remarks | −1,689 | $65.00 |
| Feb 20, 2026 | Trevor Ogle | officer: See Remarks | −8,536 | $73.81 |
| Feb 20, 2026 | Tony D. Oh | officer: See Remarks | −3,515 | $73.78 |
Peers
- MetLife
Overlap in group life, disability, leave and supplemental benefits
- Equitable
Direct rival for K–12 education retirement plans
- Prudential Financial
Overlap in employer group life, disability and leave benefits
- Corebridge Financial
Direct rival for K–12 education retirement plans
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Voya | $102.55 | −0.02% | $9.30B | 17.4 | 9.7 | 2.5 | +3.2% |
| MetLife | $97.91 | +1.46% | $62.10B | 18.5 | 9.2 | 0.8 | +10.0% |
| Equitable | $49.68 | −1.04% | $13.70B | — | 6.2 | 1.3 | −29.8% |
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| Corebridge Financial | $32.50 | −0.35% | $14.54B | 19.1 | 6.4 | 1.5 | +482.9% |
| Median | 18.5 | 7.4 | 1.0 | +6.4% |