Voya Financial (VOYA) Operating Margin (2012 - 2026)
Voya Financial (VOYA) posted Operating Margin of 28.59% for Q3 2026, down 0.78 percentage points from 29.37% a year earlier but up 11.08 percentage points from the prior quarter.
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Analysis
Voya Financial (VOYA) Operating Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Voya Financial was 23.54%, down 0.78 percentage points year-over-year; for FY2025, it was 24.85%, up 0.99 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +3.48 percentage points (FY2020 to FY2025).
- In prior years, Voya Financial's Operating Margin was 23.86% in FY2024 (-1.78 pp), 25.64% in FY2023 (+0.28 pp), 25.36% in FY2022 (+64.80 pp) and -39.43% in FY2021 (-60.81 pp).
- Quarterly Operating Margin has run from a low of -30.07% in Q4 2021 to a high of 29.37% in Q3 2025 over five years.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -0.36 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2022, with a gain of 51.87 percentage points; the weakest was Q4 2021, with a drop of 66.36 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 17.51% (Q2 2026), 25.31% (Q1 2026) and 22.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 30.03% |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | - |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | -42.84% |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | - |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | -29.25% |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | - |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | -53.88% |
| 10 | Voya Financial | 9.16 Bn | 12.01 Bn | 1.51 Bn | 28.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.59% |
| Jun 30, 2026 | 17.51% |
| Mar 31, 2026 | 25.31% |
| Dec 31, 2025 | 22.41% |
| Sep 30, 2025 | 29.37% |
| Jun 30, 2025 | 24.03% |
| Mar 31, 2025 | 23.41% |
| Dec 31, 2024 | 20.15% |
| Sep 30, 2024 | 20.55% |
| Jun 30, 2024 | 27.10% |
| Mar 31, 2024 | 27.45% |
| Dec 31, 2023 | 21.61% |
| Sep 30, 2023 | 29.13% |
| Jun 30, 2023 | 29.18% |
| Mar 31, 2023 | 22.56% |
| Dec 31, 2022 | 21.80% |
| Sep 30, 2022 | 25.43% |
| Jun 30, 2022 | 28.08% |
| Mar 31, 2022 | 26.23% |
| Dec 31, 2021 | -30.07% |
API Access
Voya Financial Operating 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=operating-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=VOYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();