Voya Financial (VOYA) Revenue & Revenue Breakdown
Voya Financial Revenue Highlights
Latest Revenue (Y)
$7.35B
Latest Revenue (Q)
$1.82B
Main Segment (Y)
Employee Benefits
Voya Financial Revenue by Period
Voya Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $7.35B | 24.54% |
| 2022-12-31 | $5.90B | 81.59% |
| 2021-12-31 | $3.25B | -56.06% |
| 2020-12-31 | $7.39B | 0.85% |
| 2019-12-31 | $7.33B | -10.81% |
| 2018-12-31 | $8.22B | -4.60% |
| 2017-12-31 | $8.62B | -20.07% |
| 2016-12-31 | $10.78B | -4.93% |
| 2015-12-31 | $11.34B | 2.44% |
| 2014-12-31 | $11.07B | 26.40% |
| 2013-12-31 | $8.76B | -8.91% |
| 2012-12-31 | $9.62B | -1.06% |
| 2011-12-31 | $9.72B | 4.79% |
| 2010-12-31 | $9.27B | -0.96% |
| 2009-12-31 | $9.36B | - |
Voya Financial generated $7.35B in revenue during NA 2023, up 24.54% compared to the previous quarter, and up 89.37% compared to the same period a year ago.
Voya Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.82B | -11.21% |
| 2024-03-31 | $2.05B | 12.75% |
| 2023-12-31 | $1.82B | -0.22% |
| 2023-09-30 | $1.82B | 5.62% |
| 2023-06-30 | $1.73B | -1.71% |
| 2023-03-31 | $1.76B | 10.37% |
| 2022-12-31 | $1.59B | 1069.85% |
| 2022-09-30 | $136.00M | -90.31% |
| 2022-06-30 | $1.40B | -7.27% |
| 2022-03-31 | $1.51B | -1.24% |
| 2021-12-31 | $1.53B | -11.59% |
| 2021-09-30 | $1.73B | -10.85% |
| 2021-06-30 | $1.95B | -199.39% |
| 2021-03-31 | $-1.96B | -195.14% |
| 2020-12-31 | $2.06B | 6.53% |
| 2020-09-30 | $1.93B | 11.55% |
| 2020-06-30 | $1.73B | 3.65% |
| 2020-03-31 | $1.67B | -6.29% |
| 2019-12-31 | $1.78B | -18.78% |
| 2019-09-30 | $2.19B | -3.73% |
| 2019-06-30 | $2.28B | 3.97% |
| 2019-03-31 | $2.19B | 4.93% |
| 2018-12-31 | $2.09B | -7.24% |
| 2018-09-30 | $2.25B | 13.34% |
| 2018-06-30 | $1.99B | 1.58% |
| 2018-03-31 | $1.96B | 54.55% |
| 2017-12-31 | $1.27B | -50.37% |
| 2017-09-30 | $2.55B | -1.49% |
| 2017-06-30 | $2.59B | 16.96% |
| 2017-03-31 | $2.21B | -13.15% |
| 2016-12-31 | $2.55B | 0.79% |
| 2016-09-30 | $2.53B | -6.21% |
| 2016-06-30 | $2.70B | -10.41% |
| 2016-03-31 | $3.01B | 50.71% |
| 2015-12-31 | $2.00B | -46.32% |
| 2015-09-30 | $3.72B | 24.24% |
| 2015-06-30 | $2.99B | 14.01% |
| 2015-03-31 | $2.63B | 4.59% |
| 2014-12-31 | $2.51B | -21.32% |
| 2014-09-30 | $3.19B | 18.27% |
| 2014-06-30 | $2.70B | 1.02% |
| 2014-03-31 | $2.67B | 12.98% |
| 2013-12-31 | $2.36B | -2.93% |
| 2013-09-30 | $2.44B | 13.77% |
| 2013-06-30 | $2.14B | 17.71% |
| 2013-03-31 | $1.82B | -17.48% |
| 2012-12-31 | $2.20B | -14.06% |
| 2012-09-30 | $2.56B | -23.72% |
| 2012-06-30 | $3.36B | 126.34% |
| 2012-03-31 | $1.49B | 72.59% |
| 2011-12-31 | $860.60M | -76.24% |
| 2011-09-30 | $3.62B | - |
Voya Financial generated $1.82B in revenue during Q2 2024, up -11.21% compared to the previous quarter, and up 103.70% compared to the same period a year ago.
Voya Financial Revenue Breakdown
Voya Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Corporate Segment | $28.00M | $-36.00M | - | - | - |
| Employee Benefits | $2.75B | $2.45B | - | - | - |
| Investment Management | $924.00M | $745.00M | - | - | - |
| Retirement | $1.01B | $993.00M | - | - | - |
| Distribution Fees | - | - | $390.00M | $399.00M | $438.00M |
Voya Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Employee Benefits (58.38%), Retirement (21.39%), Investment Management (19.63%), and Corporate Segment (0.59%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retirement | $157.00M | $143.00M | - | $125.00M | $705.00M | $684.00M | $669.00M | $643.00M | $706.00M | $754.00M | $792.00M | $857.00M | $807.00M | $782.00M | $763.00M | $718.00M | $559.00M | $677.00M | $701.00M | $675.00M |
| Employee Benefits | $7.00M | $5.00M | $1.20B | $4.00M | $775.00M | $774.00M | $649.00M | $646.00M | $640.00M | $647.00M | $599.00M | $606.00M | $591.00M | $600.00M | $540.00M | $541.00M | $530.00M | $543.00M | $500.00M | $503.00M |
| Corporate Segment | - | $2.00M | - | $8.00M | $15.00M | $11.00M | $2.00M | $7.00M | $11.00M | $64.00M | - | - | - | - | - | - | - | - | - | - |
| Investment Management | $242.00M | $242.00M | $233.00M | $236.00M | $226.00M | $229.00M | $214.00M | $192.00M | $171.00M | $178.00M | $201.00M | $200.00M | $193.00M | $190.00M | $235.00M | $173.00M | $129.00M | $166.00M | $197.00M | $167.00M |
| Individual Life | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $653.00M |
Voya Financial's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Investment Management (59.61%), Retirement (38.67%), and Employee Benefits (1.72%).
VOYA Revenue FAQ
What is Voya Financial’s yearly revenue?
Voya Financial's yearly revenue for 2023 was $7.35B, representing an increase of 24.54% compared to 2022. The company's yearly revenue for 2022 was $5.9B, representing an increase of 81.59% compared to 2021. VOYA's yearly revenue for 2021 was $3.25B, representing a decrease of -56.06% compared to 2020.
What is Voya Financial’s quarterly revenue?
Voya Financial's quarterly revenue for Q2 2024 was $1.82B, a -11.21% decrease from the previous quarter (Q1 2024), and a 5.50% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $2.05B, a 12.75% increase from the previous quarter (Q4 2023), and a 16.80% increase year-over-year (Q1 2023). VOYA's quarterly revenue for Q4 2023 was $1.82B, a -0.22% decrease from the previous quarter (Q3 2023), and a 14.33% increase year-over-year (Q4 2022).
What is Voya Financial’s revenue growth rate?
Voya Financial's revenue growth rate for the last 3 years (2021-2023) was 126.16%, and for the last 5 years (2019-2023) was 0.20%.
What are Voya Financial’s revenue streams?
Voya Financial's revenue streams in c 23 are Corporate Segment, Employee Benefits, Investment Management, and Retirement. Corporate Segment generated $28M in revenue, accounting 0.59% of the company's total revenue, down -177.78% year-over-year. Employee Benefits generated $2.75B in revenue, accounting 58.38% of the company's total revenue, up 11.98% year-over-year. Investment Management generated $924M in revenue, accounting 19.63% of the company's total revenue, up 24.03% year-over-year. Retirement generated $1.01B in revenue, accounting 21.39% of the company's total revenue, up 1.41% year-over-year.
What is Voya Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Voya Financial was Employee Benefits. This segment made a revenue of $2.75B, representing 58.38% of the company's total revenue.