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Voya Financial VOYA Employee Benefits Segment — Adjusted operating revenues

Discontinued — last reported Q4 '25

Other financials

Income statement

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Revenue$2.0B+3.1%
Net income$182.0M+16.7%
EPS (diluted)$1.75+23.2%

Balance sheet

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Cash & equivalents$1.1B+7.9%
Total debt$2.5B+18.8%
Total equity$4.7B+6.3%
Total assets$173.43B+5.8%

Cash flow

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Operating cash flow-$36.0M+79.9%

Valuation

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Market cap$8.18B-2.1%
Enterprise value$9.59B+2.4%
P/E12×-2.6×
P/S-0.1×

Profitability

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Net margin8.2%+1.1pp
FCF margin26.1%

Returns & leverage

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Return on equity15%+1.6pp
Debt / equity0.5×+0.1×

Where this comes from

Reported directly by Voya Financial in its filing.

Tagged under the XBRL concept voya:AdjustedOperatingRevenues.

The official record: Voya Financial’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Voya Financial's employee benefits segment — adjusted operating revenues?
Voya Financial (VOYA) reported employee benefits segment — adjusted operating revenues of $846M in Q4 2025.
How has Voya Financial's employee benefits segment — adjusted operating revenues changed year-over-year?
Voya Financial's employee benefits segment — adjusted operating revenues decreased by 4.7% year-over-year, from $888M to $846M.
What is the long-term trend for Voya Financial's employee benefits segment — adjusted operating revenues?
Over 2 years (2023 to 2025), Voya Financial's employee benefits segment — adjusted operating revenues has grown at a 4.2% compound annual growth rate (CAGR), from $3.08B to $3.35B.
What does employee benefits segment — adjusted operating revenues mean?
This is the primary measure of revenue for the segment, adjusted to exclude non-recurring items and volatility from investment gains or losses. It provides a normalized view of the segment's recurring revenue generation capability.