Growth Metrics

Voya Financial (VOYA) Debt to Equity (2012 - 2026)

Voya Financial posted quarterly Debt to Equity of $0.39 for Q1 2026, up 12.72% year-on-year from $0.34 in Q1 2025, and down 9.18% on a QoQ basis from $0.42 in Q4 2025.

Voya Financial (VOYA) has 15 years of Debt to Equity data on file, last reported at $0.39 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 12.72% year-over-year to $0.39; the trailing twelve-month figure through Mar 2026 stood at $0.39 (up 12.72% YoY), and the FY2025 full-year result was $0.42, down 1.73% from the prior year.
  • Debt to Equity for Q1 2026 stood at $0.39, down from $0.42 in the prior quarter.
  • Across five years, Debt to Equity topped out at $2.03 in Q3 2022 and bottomed at $0.31 in Q3 2025.
  • The 5-year median for Debt to Equity is $0.39 (2024), against an average of $0.49.
  • The widest annual swing landed in 2022, when Debt to Equity surged 583.54%; it then plunged 78.44% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $0.46 in 2022, then dropped by 22.85% to $0.36 in 2023, then climbed by 21.11% to $0.43 in 2024, then dropped by 1.73% to $0.42 in 2025, then slipped by 9.18% to $0.39 in 2026.
  • The last three Debt to Equity figures came in at $0.39 (Q1 2026), $0.42 (Q4 2025), and $0.31 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Freedom Holding 8.88 Bn 8.01 Bn 603.27 Mn 0.77
2 Voya Financial 7.67 Bn 9.49 Bn 1.47 Bn 0.39
3 Hilltop Holdings 2.21 Bn 2.24 Bn -2.46 Mn 0.46
4 LendingTree 507.89 Mn 422.38 Mn 88.70 Mn 1.28
5 BRC Group Holdings 323.63 Mn 380.44 Mn 319.70 Mn 15.29
6 Orix - - 5.07 Bn 1.30

Historic Data

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DateValue
Mar 31, 2026 0.39
Dec 31, 2025 0.42
Sep 30, 2025 0.31
Jun 30, 2025 0.33
Mar 31, 2025 0.34
Dec 31, 2024 0.43
Sep 30, 2024 0.39
Jun 30, 2024 0.37
Mar 31, 2024 0.37
Dec 31, 2023 0.36
Sep 30, 2023 0.44
Jun 30, 2023 0.42
Mar 31, 2023 0.41
Dec 31, 2022 0.46
Sep 30, 2022 2.03
Jun 30, 2022 0.45
Mar 31, 2022 0.34
Dec 31, 2021 0.27
Sep 30, 2021 0.30
Jun 30, 2021 0.30
Mar 31, 2021 0.33
Dec 31, 2020 0.27
Sep 30, 2020 0.29
Jun 30, 2020 0.30
Mar 31, 2020 0.37
Dec 31, 2019 1,521.50
Sep 30, 2019 0.29
Jun 30, 2019 0.31
Mar 31, 2019 0.32
Dec 31, 2018 -0.63
Sep 30, 2018 0.38
Jun 30, 2018 0.37
Mar 31, 2018 0.33
Dec 31, 2017 0.31
Sep 30, 2017 0.24
Jun 30, 2017 0.24
Mar 31, 2017 0.25
Dec 31, 2016 0.15
Sep 30, 2016 0.22
Jun 30, 2016 0.22
Mar 31, 2016 0.22
Dec 31, 2015 0.21
Sep 30, 2015 0.20
Jun 30, 2015 0.20
Mar 31, 2015 0.19
Dec 31, 2014 0.19
Sep 30, 2014 0.20
Jun 30, 2014 0.20
Mar 31, 2014 0.21
Dec 31, 2013 0.23
Sep 30, 2013 0.24
Jun 30, 2013 0.23
Mar 31, 2013 0.24
Dec 31, 2012 0.26