VOYA Voya Financial margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 56

Gross margin

58.7%

Operating margin

12.1%

EBITDA margin

11.8%

Net margin

7.4%

Currently, Voya Financial has a gross margin of 58.7%, an operating margin of 12.1%, an EBITDA margin of 11.8%, and a net margin of 7.4%. The company's available margins all improved, with gross margin showing the strongest expansion of 3.7 percentage points.

VOYA margin history

Gross, operating, EBITDA and net margin trends

Voya Financial's margins averaged 57.26% gross, 13.29% operating, 12.49% EBITDA, and 8.37% net during the last 3 years. Current figures show gross margin is above its three-year average, while operating, EBITDA, and net margins are below their three-year averages.

VOYA margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 3.7 percentage points, operating margin by 1.1 percentage points, EBITDA margin by 0.8 percentage points, and net margin by 0.7 percentage points, led by gross margin with an increase of 3.7 percentage points.

Gross margin expansion

3.7pp

Operating margin expansion

1.1pp

EBITDA margin expansion

0.8pp

Net margin expansion

0.7pp

VOYA Gross margin

Voya Financial recorded an average gross margin of 57.26% across the last 3 years. Voya Financial currently reports a gross margin of 58.7%, 1.4 percentage points above its three-year average. The highest gross margin for Voya Financial was 59.5% in Mar 2026, while the lowest was 54.8% in Mar 2025.

VOYA Operating margin

Voya Financial's operating margin averaged 13.29% over the last 3 years. Against its three-year average, Voya Financial's operating margin is currently 12.1%, 1.2 percentage points below its three-year average. Over the last 3 years, Voya Financial's operating margin peaked at 15% in Mar 2024 and reached a low of 11% in Jun 2025.

VOYA EBITDA margin

Over the last 3 years, Voya Financial's EBITDA margin averaged 12.49%. The current EBITDA margin of 11.8% is 0.7 percentage points below its three-year average. During this period, EBITDA margin reached a high of 14.2% in Jun 2024 and a low of 11% in Jun 2025.

VOYA Net margin

Looking at the last 3 years, Voya Financial had an average net margin of 8.37%. Against its three-year average, Voya Financial's net margin is currently 7.4%, 1 percentage points below its three-year average. Looking back over the last 3 years, Voya Financial's net margin reached 10.9% at its highest point in Jun 2024 and 6.7% at its lowest in Jun 2025.

VOYA margin group comparison

Margins compared with peer-group, industry and sector averages

Voya Financial's gross margin of 58.7% is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 83.9%, Voya Financial's gross margin is 30% lower.

VOYA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Voya Financial's gross margin?

The current gross margin for VOYA is 58.7% as of Jun 30, 2026.

What is Voya Financial's operating margin?

The current operating margin for VOYA is 12.1% as of Jun 30, 2026.

What is Voya Financial's EBITDA margin?

For the period ending Jun 30, 2026, VOYA recorded an EBITDA margin of 11.8%.

What is Voya Financial's net margin?

As of Jun 30, 2026, VOYA has a net margin of 7.4%.

What are the average margins of VOYA?

Over the past 3 years, VOYA reported average margins of 57.3% gross, 13.3% operating, 12.5% EBITDA, and 8.4% net.

What are the highest historical margins of VOYA?

Within the 5-year period, VOYA recorded its highest margins at 152.4% gross in Dec 2021, 79.3% operating in Dec 2021, 61.3% EBITDA in Dec 2021, and 56.8% net in Dec 2021.

What are the lowest historical margins of VOYA?

Over this 5-year history, Voya Financial's margins fell as low as 54.8% gross in Mar 2025, 10.1% operating in Mar 2023, 11% EBITDA in Jun 2025, and 6.7% net in Jun 2025.