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How Voya Financial (VOYA) makes money

Voya Financial (VOYA) made $2.0B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.

Drawing the Sankey…

Voya Financial revenue by quarterVoya Financial revenue by quarter$2.0BQ1 2025$2.0BQ2 2025$2.1BQ3 2025$2.1BQ4 2025$2.0BQ1 2026$1.9BQ2 2026$2.0BQ3 2026
Voya Financial: where each dollar of revenue goesVoya Financial: where each dollar of revenue goesOperating profit14¢Income tax2¢Net earnings10¢Operating cash flow32¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.0B100.0%
Operating profit$287M14.2%
Income tax$34.0M1.7%
Net earnings$209M10.3%
Operating cash flow$644M31.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.0B-5%
Q2 2026$1.9B-4%
Q1 2026$2.0B+3%
Q4 2025$2.1B+5%
Q3 2025$2.1B+9%
Q2 2025$2.0B-3%
Q1 2025$2.0B-4%

From Voya Financial's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Voya Financial make money?

Voya Financial (VOYA) made $2.0B of revenue in the third quarter 2026 (Q3 2026), -5% from a year earlier. Of every dollar of revenue, 14¢ was left as operating profit, 10¢ was left as net earnings.

What is Voya Financial's profit margin?

Net earnings were $209M, 10.3% of revenue, in the third quarter 2026; the operating margin was 14.2%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.