Voya Financial (VOYA) FY2024 results: revenue $8.1 billion, up 9.6% on the year
Voya Financial, Inc. (VOYA) reported revenue of $8.1 billion for fiscal 2024, the year ended 31 December 2024, up 9.6% on the year before. Net income was $667 million, up 6.7%, and diluted earnings per share $6.17. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$8.1 billion
+9.6% on the year
FY2017FY2024
Operating margin
10.8%
12.5% a year earlier
FY2017FY2024
Net income
$667 million
+6.7% on the year
FY2017FY2024
Diluted EPS
$6.17
+13.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,345
1,638
1,352
-17.9%
Cash from investing
481
2,532
-1,946
-81.0%
Cash from financing
-1,430
-4,059
28.0
Share-based compensation
96.0
126
90.0
-23.8%
Buybacks
640
369
750
+73.4%
Dividends paid
171
127
83.0
+34.6%
Dividend per share
$1.70
$1.20
$0.80
+41.7%
Diluted shares, weighted
101m
109m
110m
-6.8%
Shares outstanding at period end
95m
103m
97m
-7.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,005
4,193
3,349
-4.5%
Non-controlling interest
1,783
1,685
1,482
+5.8%
Redeemable equity
219
175
166
+25.1%
Short-term borrowings
399
1.0
141
+39,800.0%
Debt
2,502
2,098
2,235
+19.3%
Other liabilities
154,981
148,933
139,233
+4.1%
Total liabilities and equity
163,889
157,085
146,606
+4.3%
Goodwill
748
748
327
0.0%
Intangible assets
832
857
631
-2.9%
Cash and equivalents
1,514
1,118
1,007
+35.4%
Other assets
160,795
154,362
144,641
+4.2%
Total assets
163,889
157,085
146,606
+4.3%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.