Voya Financial (VOYA) Gross Margin (2012 - 2026)
Voya Financial's Gross Margin was 70.46% in Q2 2026, down 2.23 percentage points from 72.69% a year earlier and down 1.77 percentage points from the prior quarter.
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Analysis
Voya Financial (VOYA) Gross Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Voya Financial's Gross Margin was 71.94% through Jun 30, 2026, up 4.08 percentage points year-over-year; for FY2025, it came in at 72.07%, up 4.71 percentage points from FY2024.
- Gross Margin shows a five-year change of +10.69 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 67.37% in FY2024 (-5.96 pp), 73.33% in FY2023 (-0.27 pp), 73.59% in FY2022 (+51.07 pp) and 22.52% in FY2021 (-38.86 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2024.
- Compared with a year earlier, Gross Margin was higher in five of the last eight quarters, with an average year-over-year change of +0.26 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 128.55 percentage points); the worst was Q4 2022 (a drop of 129.11 percentage points).
- Per Business Quant data, VOYA's Gross Margin in the three quarters before Q2 2026 was 72.23% (Q1 2026), 71.29% (Q4 2025) and 73.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | - |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | - |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | 23.02% |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 94.67% |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 74.03% |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 77.64% |
| 10 | Voya Financial | 8.61 Bn | 8.19 Bn | 1.34 Bn | 70.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.46% |
| Mar 31, 2026 | 72.23% |
| Dec 31, 2025 | 71.29% |
| Sep 30, 2025 | 73.64% |
| Jun 30, 2025 | 72.69% |
| Mar 31, 2025 | 70.59% |
| Dec 31, 2024 | 63.03% |
| Sep 30, 2024 | 65.18% |
| Jun 30, 2024 | 70.59% |
| Mar 31, 2024 | 70.50% |
| Dec 31, 2023 | 70.26% |
| Sep 30, 2023 | 74.16% |
| Jun 30, 2023 | 76.59% |
| Mar 31, 2023 | 72.21% |
| Dec 31, 2022 | 71.25% |
| Sep 30, 2022 | 77.92% |
| Jun 30, 2022 | 73.03% |
| Mar 31, 2022 | 72.71% |
| Dec 31, 2021 | 200.36% |
| Sep 30, 2021 | 76.80% |
API Access
Voya Financial Gross 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=gross-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();