Voya Financial (VOYA-PB) Operating Expenses (2012 - 2026)

Voya Financial (VOYA-PB) reported Operating Expenses of $848.0 million for Q1 2026, down 52.78% on a YoY basis from $1.8 billion in Q1 2025, and down 82.49% quarter-over-quarter from $4.8 billion in Q4 2025.

Voya Financial (VOYA-PB) Operating Expenses (2012 - 2026) Analysis & Trends

Voya Financial has reported Operating Expenses for 15 years, with the latest figure at $848.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 52.78% year-over-year to $848.0 million; the trailing twelve-month figure through Mar 2026 stood at $9.3 billion (up 83.01% YoY), and the FY2025 full-year result was $7.4 billion, up 138.55% from the prior year.
  • Operating Expenses for Q1 2026 stood at $848.0 million, down from $4.8 billion in the prior quarter.
  • The five-year high for Operating Expenses was $4.8 billion in Q4 2025, with the low at $605.0 million in Q2 2022.
  • Historically, Operating Expenses has averaged $1.4 billion across 5 years, with a median of $1.4 billion in 2022.
  • Annual changes were most pronounced in 2025 — Operating Expenses surged 540.48% — and 2026, when it slumped 52.78%.
  • Voya Financial's Operating Expenses stood at $1.5 billion in 2022, then slumped by 47.49% to $773.0 million in 2023, then dropped by 2.2% to $756.0 million in 2024, then surged by 540.48% to $4.8 billion in 2025, then sank by 82.49% to $848.0 million in 2026.
  • The last three Operating Expenses figures came in at $848.0 million (Q1 2026), $4.8 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Freedom Holding 8.51 Bn 7.54 Bn -1.62 Bn 472.12 Mn
2 Voya Financial 8.23 Bn 10.05 Bn 1.47 Bn 848.00 Mn
3 Hilltop Holdings 2.22 Bn 2.25 Bn -2.46 Mn 248.30 Mn
4 LendingTree 499.46 Mn 413.94 Mn 88.70 Mn 296.15 Mn
5 BRC Group Holdings 266.18 Mn 322.99 Mn 319.70 Mn 199.13 Mn
6 BRC Group Holdings - - 319.70 Mn 199.13 Mn
7 BRC Group Holdings - - 319.70 Mn 199.13 Mn
8 BRC Group Holdings - - 319.70 Mn 199.13 Mn
9 Orix - - 5.07 Bn 5.31 Bn
10 Voya Financial - - 1.47 Bn 848.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 848.00 Mn
Dec 31, 2025 4.84 Bn
Sep 30, 2025 1.82 Bn
Jun 30, 2025 1.79 Bn
Mar 31, 2025 1.80 Bn
Dec 31, 2024 756.00 Mn
Sep 30, 2024 775.00 Mn
Jun 30, 2024 1.76 Bn
Mar 31, 2024 1.76 Bn
Dec 31, 2023 773.00 Mn
Sep 30, 2023 717.00 Mn
Jun 30, 2023 1.61 Bn
Mar 31, 2023 836.00 Mn
Dec 31, 2022 1.47 Bn
Sep 30, 2022 632.00 Mn
Jun 30, 2022 605.00 Mn
Mar 31, 2022 1.38 Bn
Dec 31, 2021 2.51 Bn
Sep 30, 2021 642.00 Mn
Jun 30, 2021 706.00 Mn