Voya Financial (VOYA) Cost of Revenue (2012 - 2026)
Voya Financial's Cost of Revenue was $560 million in Q2 2026, up 3.5% from $541 million a year earlier but down 0.7% from the prior quarter.
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Analysis
Voya Financial (VOYA) Cost of Revenue (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Voya Financial's Cost of Revenue was $2.29 billion through Jun 30, 2026, down 9.9% year-over-year; for FY2025, it was $2.29 billion, down 12.9% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of -5.0% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $2.63 billion in FY2024 (+34.0%), $1.96 billion in FY2023 (+25.2%), $1.57 billion in FY2022 (-51.6%) and $3.23 billion in FY2021 (+9.5%).
- Quarterly Cost of Revenue has moved between -$277 million (Q4 2021) and $743 million (Q4 2024) over five years.
- Compared with a year earlier, Cost of Revenue was higher in three of the last eight quarters, with growth averaging 4.1%.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2023 (growth of 58.6%); the worst was Q1 2022 (a decline of 90.7%).
- Per Business Quant data, VOYA's Cost of Revenue in the three quarters before Q2 2026 was $564 million (Q1 2026), $606 million (Q4 2025) and $561 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | - |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | - |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | 14.94 Bn |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | - |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | - |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 594.00 Mn |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 241.35 Mn |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 45.90 Mn |
| 10 | Voya Financial | 8.76 Bn | 8.33 Bn | 1.34 Bn | 560.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 560.00 Mn |
| Mar 31, 2026 | 564.00 Mn |
| Dec 31, 2025 | 606.00 Mn |
| Sep 30, 2025 | 561.00 Mn |
| Jun 30, 2025 | 541.00 Mn |
| Mar 31, 2025 | 579.00 Mn |
| Dec 31, 2024 | 743.00 Mn |
| Sep 30, 2024 | 681.00 Mn |
| Jun 30, 2024 | 598.00 Mn |
| Mar 31, 2024 | 605.00 Mn |
| Dec 31, 2023 | 541.00 Mn |
| Sep 30, 2023 | 471.00 Mn |
| Jun 30, 2023 | 438.00 Mn |
| Mar 31, 2023 | 510.00 Mn |
| Dec 31, 2022 | 447.00 Mn |
| Sep 30, 2022 | 297.00 Mn |
| Jun 30, 2022 | 411.00 Mn |
| Mar 31, 2022 | 411.00 Mn |
| Dec 31, 2021 | -277.00 Mn |
| Sep 30, 2021 | 466.00 Mn |
API Access
Voya Financial Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VOYA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VOYA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VOYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();