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Voya Financial (VOYA) Cost of Revenue (2016 - 2025)

Voya Financial (VOYA) has disclosed Cost of Revenue for 14 consecutive years, with $606.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue fell 18.44% year-over-year to $606.0 million, compared with a TTM value of $2.3 billion through Dec 2025, down 12.94%, and an annual FY2025 reading of $2.3 billion, down 12.94% over the prior year.
  • Cost of Revenue was $606.0 million for Q4 2025 at Voya Financial, up from $561.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $4.4 billion in Q1 2021 and bottomed at -$277.0 million in Q4 2021.
  • Average Cost of Revenue over 5 years is $675.2 million, with a median of $525.5 million recorded in 2023.
  • Peak annual rise in Cost of Revenue hit 643.96% in 2021, while the deepest fall reached 144.18% in 2021.
  • Year by year, Cost of Revenue stood at -$277.0 million in 2021, then surged by 261.37% to $447.0 million in 2022, then increased by 21.03% to $541.0 million in 2023, then surged by 37.34% to $743.0 million in 2024, then decreased by 18.44% to $606.0 million in 2025.
  • Business Quant data shows Cost of Revenue for VOYA at $606.0 million in Q4 2025, $561.0 million in Q3 2025, and $541.0 million in Q2 2025.