Voya Financial (VOYA) Operating Expenses (2012 - 2026)
Voya Financial posted quarterly Operating Expenses of $848.0 million for Q1 2026, down 52.78% year-on-year from $1.8 billion in Q1 2025, and down 82.49% on a QoQ basis from $4.8 billion in Q4 2025.
Voya Financial (VOYA) has 15 years of Operating Expenses data on file, last reported at $848.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 52.78% year-over-year to $848.0 million; the trailing twelve-month figure through Mar 2026 stood at $9.3 billion (up 83.01% YoY), and the FY2025 full-year result was $7.4 billion, up 138.55% from the prior year.
- Operating Expenses for Q1 2026 stood at $848.0 million, down from $4.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $4.8 billion in Q4 2025 and bottomed at $605.0 million in Q2 2022.
- The 5-year median for Operating Expenses is $1.4 billion (2022), against an average of $1.4 billion.
- The widest annual swing landed in 2025, when Operating Expenses surged 540.48%; it then plunged 52.78% in 2026.
- A 5-year view of Operating Expenses shows it stood at $1.5 billion in 2022, then sank by 47.49% to $773.0 million in 2023, then declined by 2.2% to $756.0 million in 2024, then soared by 540.48% to $4.8 billion in 2025, then plunged by 82.49% to $848.0 million in 2026.
- The last three Operating Expenses figures came in at $848.0 million (Q1 2026), $4.8 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Freedom Holding | 8.88 Bn | 8.01 Bn | 603.27 Mn | 534.68 Mn |
| 2 | Voya Financial | 7.67 Bn | 9.49 Bn | 1.47 Bn | 848.00 Mn |
| 3 | Hilltop Holdings | 2.21 Bn | 2.24 Bn | -2.46 Mn | 248.30 Mn |
| 4 | LendingTree | 507.89 Mn | 422.38 Mn | 88.70 Mn | 296.15 Mn |
| 5 | BRC Group Holdings | 323.63 Mn | 380.44 Mn | 319.70 Mn | 199.13 Mn |
| 6 | Orix | - | - | 5.07 Bn | 5.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 848.00 Mn |
| Dec 31, 2025 | 4.84 Bn |
| Sep 30, 2025 | 1.82 Bn |
| Jun 30, 2025 | 1.79 Bn |
| Mar 31, 2025 | 1.80 Bn |
| Dec 31, 2024 | 756.00 Mn |
| Sep 30, 2024 | 775.00 Mn |
| Jun 30, 2024 | 1.76 Bn |
| Mar 31, 2024 | 1.76 Bn |
| Dec 31, 2023 | 773.00 Mn |
| Sep 30, 2023 | 717.00 Mn |
| Jun 30, 2023 | 1.61 Bn |
| Mar 31, 2023 | 836.00 Mn |
| Dec 31, 2022 | 1.47 Bn |
| Sep 30, 2022 | 632.00 Mn |
| Jun 30, 2022 | 605.00 Mn |
| Mar 31, 2022 | 1.38 Bn |
| Dec 31, 2021 | 2.51 Bn |
| Sep 30, 2021 | 642.00 Mn |
| Jun 30, 2021 | 706.00 Mn |
| Mar 31, 2021 | -3.00 Bn |
| Dec 31, 2020 | 1.73 Bn |
| Sep 30, 2020 | 2.22 Bn |
| Jun 30, 2020 | 1.71 Bn |
| Mar 31, 2020 | 640.00 Mn |
| Dec 31, 2019 | 1.73 Bn |
| Sep 30, 2019 | 1.73 Bn |
| Jun 30, 2019 | 668.00 Mn |
| Mar 31, 2019 | 1.73 Bn |
| Dec 31, 2018 | 1.73 Bn |
| Sep 30, 2018 | 1.66 Bn |
| Jun 30, 2018 | 1.60 Bn |
| Mar 31, 2018 | 1.65 Bn |
| Dec 31, 2017 | 1.97 Bn |
| Sep 30, 2017 | 2.14 Bn |
| Jun 30, 2017 | 2.04 Bn |
| Mar 31, 2017 | 1.94 Bn |
| Dec 31, 2016 | 2.22 Bn |
| Sep 30, 2016 | 723.60 Mn |
| Jun 30, 2016 | 2.12 Bn |
| Mar 31, 2016 | 2.23 Bn |
| Dec 31, 2015 | 2.22 Bn |
| Sep 30, 2015 | 3.62 Bn |
| Jun 30, 2015 | 2.48 Bn |
| Mar 31, 2015 | 2.34 Bn |
| Dec 31, 2014 | 3.00 Bn |
| Sep 30, 2014 | 2.64 Bn |
| Jun 30, 2014 | 2.28 Bn |
| Mar 31, 2014 | 2.37 Bn |
| Dec 31, 2013 | 1.74 Bn |
| Sep 30, 2013 | 2.02 Bn |
| Jun 30, 2013 | 2.22 Bn |
| Mar 31, 2013 | 2.03 Bn |
| Dec 31, 2012 | 2.31 Bn |
| Sep 30, 2012 | 2.19 Bn |
| Jun 30, 2012 | 2.51 Bn |
| Mar 31, 2012 | 2.00 Bn |