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Voya Financial (VOYA) Operating Expenses (2016 - 2025)

Voya Financial (VOYA) has disclosed Operating Expenses for 14 consecutive years, with -$2.0 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 13.87% year-over-year to -$2.0 billion, compared with a TTM value of $3.4 billion through Dec 2025, up 11.84%, and an annual FY2025 reading of $3.4 billion, up 11.84% over the prior year.
  • Operating Expenses was -$2.0 billion for Q4 2025 at Voya Financial, down from $2.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.8 billion in Q3 2025 and bottomed at -$2.3 billion in Q4 2024.
  • Average Operating Expenses over 5 years is $863.4 million, with a median of $811.5 million recorded in 2024.
  • The sharpest move saw Operating Expenses surged 178.16% in 2022, then plummeted 232.73% in 2024.
  • Year by year, Operating Expenses stood at -$861.0 million in 2021, then soared by 178.16% to $673.0 million in 2022, then surged by 155.13% to $1.7 billion in 2023, then tumbled by 232.73% to -$2.3 billion in 2024, then rose by 13.87% to -$2.0 billion in 2025.
  • Business Quant data shows Operating Expenses for VOYA at -$2.0 billion in Q4 2025, $2.8 billion in Q3 2025, and $1.8 billion in Q2 2025.