Voya Financial (VOYA) Operating Expenses (2012 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Voya Financial was $7.43 billion, up 1.5% year-over-year; for FY2025, it came in at $7.35 billion, up 1.4% from FY2024.

• Annual Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 0.2% (FY2020 to FY2025).
• In prior years, Voya Financial's Operating Expenses was $7.25 billion in FY2024 (+8.7%), $6.67 billion in FY2023 (+21.2%), $5.5 billion in FY2022 (+112.8%) and $2.59 billion in FY2021 (-64.6%).
• Quarterly Operating Expenses has run from a low of $636 million in Q4 2021 to a high of $1.94 billion in Q4 2025 over five years.
• On a year-over-year basis, Operating Expenses has increased in each of the last three quarters, with growth averaging 3.9% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2022, with growth of 131.4%; the weakest was Q4 2021, with a decline of 63.2%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $1.8 billion (Q1 2026), $1.94 billion (Q4 2025) and $1.82 billion (Q3 2025).