Voya Financial, Inc. (VOYA) AI Stock Analysis

Voya Financial, Inc. provides retirement, investment, and employee benefits services across the United States. Founded in 1999 and headquartered in New York, New York, the firm serves corporate, education, healthcare, non-profit, government, institutional, and individual clients. Its Wealth Solutions segment offers comprehensive retirement savings plans, including tax-deferred employer-sponsored options, individual retirement accounts (IRAs), and retail financial advisory products. The Investment Management segment provides fixed income, equity, multi-asset, and alternative investment products to retail and institutional clients through direct sales, consultant networks, banks, broker-dealers, and independent financial advisers. The company rebranded from ING U.S., Inc. in April 2014.

Voya's revenue reached $7.50B in FY2025, down 6.9% compared to $8.05B in FY2024. Operating margin stood at 3.5% in FY2025, down from 9.9% in FY2024 and 9.2% in FY2023. Net income was $654.0M in FY2025 with an 8.7% net margin, compared to $667.0M in FY2024 and $625.0M in FY2023. Diluted EPS was $8.29 in FY2025, up from $6.63 in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue fell 4.3% year-over-year, while quarterly earnings dropped 41.6% year-over-year. Over the trailing twelve months, revenue was $8.17B with an operating margin of 5.4% and an EPS of $5.94.

As of June 30, 2026, Voya held $1.08B in cash and short-term investments alongside $3.94B in total debt, resulting in net debt of $2.86B. Total assets stood at $182.95B, with shareholders' equity at $4.68B, yielding a debt-to-equity ratio of 0.84 and a current ratio of 6.93. In FY2025, the business produced $1.29B in operating cash flow and $1.29B in free cash flow. Capital allocation in FY2025 included $200.0M for share buybacks and $219.0M for dividends paid, contributing to a 19.2% share count decline over 5 years.

Voya has a market capitalization of $8.52B and an enterprise value of $11.09B. The stock trades at a trailing P/E of 15.8x and a forward P/E of 8.7x, compared to medians of 12.1x and 10.8x for US-listed Financial Services peers. Its price-to-sales multiple is 1.0x, below the peer group median of 3.2x, while price-to-book sits at 1.9x. VOYA rose 34.2% over the trailing one-year period, outperforming the S&P 500 (SPY) return of 16.8%, but gained 51.2% over five years versus 83.0% for the S&P 500.

Voya Financial pays a quarterly dividend with an annualized forward rate of $1.88 per share, which translates to a 2.00% dividend yield at the last close price of $94.01. The dividend payout ratio is 25.0%, and the company has paid dividends for 14 consecutive years. Over the last five years, the dividend grew at an annualized rate of 24.8%. The last ex-dividend date was August 26, 2026.

Wall Street coverage includes 4 Strong Buys, 3 Buys, 4 Holds, and 1 Sell. The mean price target is $107.83, representing a 14.7% upside to the October 16, 2026 closing price of $94.01. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $9.08 and revenue of $7.74B. For FY2027, 11 analysts estimate EPS will increase 24.7% to $11.32 on revenue of $8.09B. Voya exceeded consensus EPS estimates in 1 of the last 4 quarters, with the next earnings release scheduled for November 2, 2026.

This page is an AI-written research summary of Voya Financial, Inc. (VOYA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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