Growth Metrics

Voya Financial (VOYA) Cost of Revenue (2012 - 2026)

Voya Financial posted quarterly Cost of Revenue of $564.0 million for Q1 2026, down 2.59% year-on-year from $579.0 million in Q1 2025, and down 6.93% on a QoQ basis from $606.0 million in Q4 2025.

Voya Financial (VOYA) has 15 years of Cost of Revenue data on file, last reported at $564.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue fell 2.59% year-over-year to $564.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (down 12.65% YoY), and the FY2025 full-year result was $2.3 billion, down 12.94% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $564.0 million, down from $606.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $743.0 million in Q4 2024 and bottomed at $297.0 million in Q3 2022.
  • The 5-year median for Cost of Revenue is $541.0 million (2023), against an average of $529.6 million.
  • Peak annual rise in Cost of Revenue reached 261.37% in 2022, while the deepest fall reached 90.73% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $447.0 million in 2022, then gained by 21.03% to $541.0 million in 2023, then jumped by 37.34% to $743.0 million in 2024, then retreated by 18.44% to $606.0 million in 2025, then declined by 6.93% to $564.0 million in 2026.
  • The last three Cost of Revenue figures came in at $564.0 million (Q1 2026), $606.0 million (Q4 2025), and $561.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Freedom Holding 8.88 Bn 8.01 Bn 603.27 Mn 25.35 Mn
2 Voya Financial 7.67 Bn 9.49 Bn 1.47 Bn 564.00 Mn
3 Hilltop Holdings 2.21 Bn 2.24 Bn -2.46 Mn 3.62 Mn
4 LendingTree 507.89 Mn 422.38 Mn 88.70 Mn 238.57 Mn
5 BRC Group Holdings 323.63 Mn 380.44 Mn 319.70 Mn 32.37 Mn
6 Orix - - 5.07 Bn 804.40 Mn

Historic Data

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DateValue
Mar 31, 2026 564.00 Mn
Mar 31, 2026 564.00 Mn
Dec 31, 2025 606.00 Mn
Dec 31, 2025 606.00 Mn
Sep 30, 2025 561.00 Mn
Sep 30, 2025 561.00 Mn
Jun 30, 2025 541.00 Mn
Jun 30, 2025 541.00 Mn
Mar 31, 2025 579.00 Mn
Mar 31, 2025 579.00 Mn
Dec 31, 2024 743.00 Mn
Dec 31, 2024 743.00 Mn
Sep 30, 2024 681.00 Mn
Sep 30, 2024 681.00 Mn
Jun 30, 2024 598.00 Mn
Jun 30, 2024 598.00 Mn
Mar 31, 2024 605.00 Mn
Mar 31, 2024 605.00 Mn
Dec 31, 2023 541.00 Mn
Dec 31, 2023 541.00 Mn
Sep 30, 2023 471.00 Mn
Sep 30, 2023 471.00 Mn
Jun 30, 2023 438.00 Mn
Jun 30, 2023 438.00 Mn
Mar 31, 2023 510.00 Mn
Mar 31, 2023 510.00 Mn
Dec 31, 2022 447.00 Mn
Dec 31, 2022 447.00 Mn
Sep 30, 2022 297.00 Mn
Sep 30, 2022 297.00 Mn
Jun 30, 2022 411.00 Mn
Jun 30, 2022 411.00 Mn
Mar 31, 2022 411.00 Mn
Mar 31, 2022 411.00 Mn
Dec 31, 2021 -277.00 Mn
Dec 31, 2021 -277.00 Mn
Sep 30, 2021 466.00 Mn
Sep 30, 2021 466.00 Mn
Jun 30, 2021 457.00 Mn
Jun 30, 2021 457.00 Mn
Mar 31, 2021 4.43 Bn
Mar 31, 2021 4.43 Bn
Dec 31, 2020 627.00 Mn
Dec 31, 2020 627.00 Mn
Sep 30, 2020 1.02 Bn
Sep 30, 2020 1.02 Bn
Jun 30, 2020 711.00 Mn
Jun 30, 2020 711.00 Mn
Mar 31, 2020 596.00 Mn
Mar 31, 2020 596.00 Mn
Dec 31, 2019 575.00 Mn
Dec 31, 2019 575.00 Mn
Sep 30, 2019 707.00 Mn
Sep 30, 2019 707.00 Mn
Jun 30, 2019 656.00 Mn
Jun 30, 2019 656.00 Mn
Mar 31, 2019 645.00 Mn
Mar 31, 2019 645.00 Mn
Dec 31, 2018 85.00 Mn
Dec 31, 2018 85.00 Mn
Sep 30, 2018 876.00 Mn
Sep 30, 2018 876.00 Mn
Jun 30, 2018 706.00 Mn
Jun 30, 2018 706.00 Mn
Mar 31, 2018 708.00 Mn
Mar 31, 2018 708.00 Mn
Dec 31, 2017 148.00 Mn
Dec 31, 2017 148.00 Mn
Sep 30, 2017 791.00 Mn
Sep 30, 2017 791.00 Mn
Jun 30, 2017 733.00 Mn
Jun 30, 2017 733.00 Mn
Mar 31, 2017 750.00 Mn
Mar 31, 2017 750.00 Mn
Dec 31, 2016 -108.30 Mn
Dec 31, 2016 -108.30 Mn
Sep 30, 2016 1.39 Bn
Sep 30, 2016 1.39 Bn
Jun 30, 2016 1.05 Bn
Jun 30, 2016 1.05 Bn
Mar 31, 2016 1.38 Bn
Mar 31, 2016 1.38 Bn
Dec 31, 2015 -641.30 Mn
Dec 31, 2015 -641.30 Mn
Sep 30, 2015 1.96 Bn
Sep 30, 2015 1.96 Bn
Jun 30, 2015 958.80 Mn
Jun 30, 2015 958.80 Mn
Mar 31, 2015 887.00 Mn
Mar 31, 2015 887.00 Mn
Dec 31, 2014 1.04 Bn
Dec 31, 2014 1.04 Bn
Sep 30, 2014 1.23 Bn
Sep 30, 2014 1.23 Bn
Jun 30, 2014 811.20 Mn
Jun 30, 2014 811.20 Mn
Mar 31, 2014 865.00 Mn
Mar 31, 2014 865.00 Mn
Dec 31, 2013 587.20 Mn
Dec 31, 2013 587.20 Mn
Sep 30, 2013 570.70 Mn
Sep 30, 2013 570.70 Mn
Jun 30, 2013 711.00 Mn
Jun 30, 2013 711.00 Mn
Mar 31, 2013 540.50 Mn
Mar 31, 2013 540.50 Mn
Dec 31, 2012 667.20 Mn
Dec 31, 2012 667.20 Mn
Sep 30, 2012 573.40 Mn
Sep 30, 2012 573.40 Mn
Jun 30, 2012 924.80 Mn
Jun 30, 2012 924.80 Mn
Mar 31, 2012 448.10 Mn
Mar 31, 2012 448.10 Mn