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Voya Financial (VOYA)
NYSE:VOYA
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.14Last Year’s EPS
2Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong financial and commercial momentum across Voya's core franchises — record earnings, robust DC flows, investment management revenue and significant excess cash generation — while acknowledging material, but manageable, challenges in the Stop Loss line driven by reserve strengthening and a wider range of healthcare outcomes. Management emphasized pricing, risk selection and reserving actions (including a Q4 reserve build and 24% Jan 2026 rate increases) and reiterated a multi-year remediation approach; the positives (broad-based earnings growth, cash generation, scale and strategic execution) materially outweigh the Stop Loss uncertainties.Company Guidance
Record Annual Earnings and EPS Growth
Generated over $1.0 billion of pretax adjusted operating earnings for FY2025 (up $168 million YoY) and increased diluted EPS 22% to $8.85; Q4 EPS of $1.94 was up 39% YoY.
Strong Excess Capital Generation
Produced approximately $775 million of excess cash in 2025 (exceeding $700 million target), including ~$175 million in Q4; adjusted return on equity expanded more than 200 bps to 18.6%.
Retirement: Record Flows, Scale and Margin Expansion
Defined contribution net flows of $28 billion in 2025 (Voya record); added ~$60 billion of assets from OneAmerica; total DC assets grew ~30% to ~$730 billion and participant accounts approach 10 million; Retirement adjusted operating earnings nearly $1 billion (up 17% YoY) and fee-based revenues exceeded $1.4 billion (up 21% YoY); adjusted operating margin ~40%.
Investment Management: Record Revenue and Strong Organic Growth
Investment Management delivered record net revenues >$1 billion and ~$226 million of adjusted operating earnings in 2025, with organic growth ~4.8% (above long-term target) and net flows of roughly $14.6–$15 billion, driving AUM to ~$360 billion; realized $35 million of performance fees in Q4.
Employee Benefits Profitability Improvement
Employee Benefits adjusted operating earnings rose to $152 million in 2025 from $40 million in 2024 (+280%), driven by Stop Loss actions, pricing, risk selection and disciplined reserving.
Stop Loss Pricing and Risk Actions
Implemented pricing and risk actions for Stop Loss: Jan 2026 cohort achieved an average net effective rate increase of 24% (vs 21% prior year) and maintained in-force premiums while improving risk selection opportunities.
Successful OneAmerica Integration and M&A Execution
OneAmerica integration materially exceeded initial financial targets, added scale and distribution, and management highlighted the acquisition delivered returns above target (cited >30% unlevered return).
Capital Deployment Plans
Near-term capital deployment prioritized for share repurchases with $150 million planned in Q1 and an expected similar program in Q2, while remaining opportunistic on M&A with a high ROIC threshold.
VOYA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VOYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $75.01 | $72.26 | -3.67% |
Nov 04, 2025 | $72.67 | $70.18 | -3.42% |
Aug 05, 2025 | $66.65 | $71.78 | +7.70% |
May 06, 2025 | $58.68 | $64.01 | +9.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Voya Financial (VOYA) report earnings?
Voya Financial (VOYA) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Voya Financial (VOYA) earnings time?
Voya Financial (VOYA) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VOYA EPS forecast?
VOYA EPS forecast for the fiscal quarter 2026 (Q1) is 2.14.