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Voya Financial (VOYA) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Voya Financial (VOYA) Q3 2026 earnings results →
Q3 2026 Revenue down 5% year over year to $2.0B · 10¢ of every $1 of revenue kept as net profit · operating margin 14.2%
Voya Financial made $2.0B in Q3 2026 (-5% Y/Y). Operating margin 14.2%, net earnings $209M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.0B in Q3 2026, down 5% year over year and up 7% from the previous quarter.
Operating profit was $0.29B, a 14.2% margin (down 0.3 points year over year). Total costs fell 5% while revenue fell 5%. Net earnings were $0.21B, up 9% year over year. The effective tax rate was 11.8%.
Operating cash flow was $0.64B (up 283% year over year), 255% of net income including minority interests. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.37B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $2.0B | -5% | 14.2% | $209M | $644M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $1.9B | -4% | 1.8% | $94.0M | $503M |
| Q1 2026 | 10-Q | May 7, 2026 | $2.0B | +3% | 11.3% | $182M | −$36.0M |
| Q4 2025 | 10-K | Feb 20, 2026 | $2.1B | +5% | 8.0% | $140M | $557M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $2.1B | +9% | 14.4% | $192M | $168M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $2.0B | -3% | 9.5% | $166M | $742M |
| Q1 2025 | 10-Q | May 8, 2025 | $2.0B | -4% | 8.8% | $156M | −$179M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Voya Financial
For the purposes of this discussion, the terms "Voya," "the Company," "we," "our," and "us" refer to Voya Financial, Inc. and its subsidiaries. We are a leading provider of workplace benefits and savings solutions and technologies to U.S. employers, enabling better financial outcomes for their employees and for those who depend on their employees through our retirement solutions, retail wealth services, and a comprehensive portfolio of benefits products. We are also a leading international asset manager, built on a foundation of institutional-quality fixed income and private asset strategies, with a well-established presence in U.S. markets and a large and growing business managing retail and institutional equity, fixed income and blended strategies for clients in Europe and Asia.
In its own words, from its 10-K, filed Feb 20, 2026.
Voya Financial against its Life Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -5% against the peers' median +8%. Operating margin: 14.2% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| VOYA Voya Financial | Q3 2026 | $2.0B | -5% | 14.2% |
| MET Metlife | Q3 2026 | $20.5B | +18% | 8.9% |
| PRU Prudential Financial | Q3 2026 | $14.4B | -19% | 11.4% |
| Metropolitan Life Insurance | Q2 2026 | $9.6B | +2% | 6.0% |
| RGA Reinsurance Group of America | Q3 2026 | $7.5B | +22% | 8.3% |
| CRBG Corebridge Financial | Q3 2026 | $6.2B | +14% | 37.7% |
| LNC Lincoln National | Q3 2026 | $5.5B | +20% | 31.7% |
| Lincoln National Life Insurance | Q2 2026 | $4.3B | +8% | 25.2% |
| ATH-PA Athene Holding | Q3 2026 | $3.1B | -62% | -56.7% |
Source: Voya Financial 10-Q on SEC EDGAR · CIK 1535929 · Life Insurance
Guidance and outlook
13F: who owns VOYA and who is buying
More on VOYA
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results