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Voya Financial (Voya Financial) Net Margin % : 6.82% (As of Dec. 2023)


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What is Voya Financial Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Voya Financial's Net Income for the three months ended in Dec. 2023 was $122 Mil. Voya Financial's Revenue for the three months ended in Dec. 2023 was $1,790 Mil. Therefore, Voya Financial's net margin for the quarter that ended in Dec. 2023 was 6.82%.

The historical rank and industry rank for Voya Financial's Net Margin % or its related term are showing as below:

VOYA' s Net Margin % Range Over the Past 10 Years
Min: -41.39   Med: 6.67   Max: 65.36
Current: 10.76


VOYA's Net Margin % is ranked better than
60.18% of 113 companies
in the Diversified Financial Services industry
Industry Median: 3.89 vs VOYA: 10.76

Voya Financial Net Margin % Historical Data

The historical data trend for Voya Financial's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Voya Financial Net Margin % Chart

Voya Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.96 -2.77 65.36 8.77 8.66

Voya Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.58 8.63 14.73 6.82 12.72

Competitive Comparison of Voya Financial's Net Margin %

For the Financial Conglomerates subindustry, Voya Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Voya Financial's Net Margin % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Voya Financial's Net Margin % distribution charts can be found below:

* The bar in red indicates where Voya Financial's Net Margin % falls into.



Voya Financial Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Voya Financial's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=625/7213
=8.66 %

Voya Financial's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=122/1790
=6.82 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Voya Financial  (NYSE:VOYA) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Voya Financial Net Margin % Related Terms

Thank you for viewing the detailed overview of Voya Financial's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Voya Financial (Voya Financial) Business Description

Traded in Other Exchanges
Address
230 Park Avenue, New York, NY, USA, 10169
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.
Executives
Martin Rodney O Jr director, officer: Chairman and CEO 70 PINE ST, NEW YORK NY 10270
Tony D Oh officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Brannigan C Thompson other: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Yvette S. Butler director 230 PARK AVENUE, NEW YORK NY 10169
Biff Bowman director 50 S. LASALLE STREET, CHICAGO IL 60603
Hikmet Ersek director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Santhosh Keshavan officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Matthew Levin officer: See Remarks NEUSTAR, INC., 4600 CENTER OAK PLAZA, STERLING VA 20166
Charles P Nelson officer: CEO, Retirement 230 PARK AVE, NEW YORK NY 10169
Donald C. Templin officer: See Remarks 328 PHEASANT RUN PLACE, FINDLAY OH 45840
Nancy Ferrara officer: See Remarks 230 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10169
Trevor Ogle officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Michael Robert Katz officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169
Michael S Smith officer: Chief Risk Officer 230 PARK AVENUE, NEW YORK NY 10169
My Chi To officer: See Remarks 230 PARK AVENUE, NEW YORK NY 10169