Voya Financial (VOYA) Operating Expenses (2012 - 2026)
Voya Financial's (VOYA) quarterly Operating Expenses came in at $848.0 million in Q1 2026, up 2.91% YoY from $824.0 million in Q1 2025, and down 56.33% on a QoQ basis from $1.9 billion in Q4 2025.
Voya Financial (VOYA) Operating Expenses (2012 - 2026) Analysis & Trends
Voya Financial (VOYA) has 15 years of Operating Expenses data on file, last reported at $848.0 million in Q1 2026.
- Quarterly Operating Expenses rose 2.91% year-over-year to $848.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.5 billion (down 29.08% YoY) and the FY2025 annual result came in at $7.4 billion, up 1.39% from the prior year.
- Operating Expenses retreated to $848.0 million in Q1 2026, from $1.9 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.9 billion in Q4 2025 to a low of $632.0 million in Q1 2022.
- A 5-year average of $1.2 billion and a median of $857.0 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 155.13% — and 2025, when it tumbled 54.95%.
- Tracing VOYA's Operating Expenses over 5 years: stood at $673.0 million in 2022, then soared by 155.13% to $1.7 billion in 2023, then gained by 10.08% to $1.9 billion in 2024, then gained by 2.75% to $1.9 billion in 2025, then sank by 56.33% to $848.0 million in 2026.
- The last three Operating Expenses figures came in at $848.0 million (Q1 2026), $1.9 billion (Q4 2025), and $829.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.03 Bn | 29.21 Bn | 4.68 Bn | 4.66 Bn |
| 2 | Freedom Holding | 10.17 Bn | 10.17 Bn | 697.28 Mn | 691.69 Mn |
| 3 | Voya Financial | 8.90 Bn | 6.54 Bn | 1.34 Bn | 1.86 Bn |
| 4 | Hilltop Holdings | 2.23 Bn | 232.55 Mn | 41.62 Mn | 266.74 Mn |
| 5 | LendingTree | 430.75 Mn | 319.98 Mn | 88.82 Mn | 291.62 Mn |
| 6 | BRC Group Holdings | 268.84 Mn | 114.72 Mn | 207.76 Mn | 200.92 Mn |
| 7 | Teamshares | 59.55 Mn | 59.55 Mn | 61.42 Mn | 58.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 848.00 Mn |
| Dec 31, 2025 | 1.94 Bn |
| Sep 30, 2025 | 829.00 Mn |
| Jun 30, 2025 | 857.00 Mn |
| Mar 31, 2025 | 824.00 Mn |
| Dec 31, 2024 | 1.89 Bn |
| Sep 30, 2024 | 1.84 Bn |
| Jun 30, 2024 | 1.76 Bn |
| Mar 31, 2024 | 799.00 Mn |
| Dec 31, 2023 | 1.72 Bn |
| Sep 30, 2023 | 1.65 Bn |
| Jun 30, 2023 | 770.00 Mn |
| Mar 31, 2023 | 836.00 Mn |
| Dec 31, 2022 | 673.00 Mn |
| Sep 30, 2022 | 1.27 Bn |
| Jun 30, 2022 | 1.37 Bn |
| Mar 31, 2022 | 632.00 Mn |
| Dec 31, 2021 | 636.00 Mn |
| Sep 30, 2021 | 1.60 Bn |