Voya Financial (VOYA) FCF Margin (2012 - 2026)
Voya Financial (VOYA) recorded FCF Margin of 21.48% in Q3 2026, up 60.20 percentage points from -38.72% a year earlier and up 17.47 percentage points from the prior quarter.
Voya Financial (VOYA) FCF Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Voya Financial's FCF Margin came in at 1.48% as of Sep 30, 2026, up 26.27 percentage points year-over-year; for FY2025, it came in at -13.64%, up 2.05 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -17.27 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -15.69% in FY2024 (-21.31 pp), 5.62% in FY2023 (+22.25 pp), -16.63% in FY2022 (+34.07 pp) and -50.69% in FY2021 (-54.33 pp).
- The Q3 2026 figure is the highest quarterly FCF Margin since Q2 2020.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of +5.27 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 207.07 percentage points in Q4 2022, against a drop of 231.41 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 4.01% (Q2 2026), -33.28% (Q1 2026) and 13.45% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 33.60% |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | 62.59% |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | 46.12% |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | 68.19% |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | 2.87% |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | - |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | -8.47% |
| 10 | Voya Financial | 9.16 Bn | 12.01 Bn | 1.51 Bn | 21.48% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.48% |
| Jun 30, 2026 | 4.01% |
| Mar 31, 2026 | -33.28% |
| Dec 31, 2025 | 13.45% |
| Sep 30, 2025 | -38.72% |
| Jun 30, 2025 | 3.23% |
| Mar 31, 2025 | -32.55% |
| Dec 31, 2024 | -30.05% |
| Sep 30, 2024 | 9.25% |
| Jun 30, 2024 | -39.55% |
| Mar 31, 2024 | -1.76% |
| Dec 31, 2023 | -4.45% |
| Sep 30, 2023 | 13.49% |
| Jun 30, 2023 | 20.95% |
| Mar 31, 2023 | -7.85% |
| Dec 31, 2022 | -27.72% |
| Sep 30, 2022 | 11.60% |
| Jun 30, 2022 | -27.69% |
| Mar 31, 2022 | -19.19% |
| Dec 31, 2021 | -234.78% |
Voya Financial FCF Margin 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=fcf-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();