Voya Financial annual debt-to-equity ratio
2012
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2025
Voya Financial Debt-to-Equity Ratio Growth & History (VOYA)
Voya Financial's debt-to-equity ratio was 0.58 for fiscal 2025.
View full Voya Financial company overviewVoya Financial annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.58 | −0.19 | −24.67% |
| 2024 | 2024-12-31 | 0.77 | 0.23 | +42.63% |
| 2023 | 2023-12-31 | 0.54 | −0.21 | −27.98% |
| 2022 | 2022-12-31 | 0.75 | 0.42 | +125.52% |
| 2021 | 2021-12-31 | 0.33 | 0.01 | +3.63% |
| 2020 | 2020-12-31 | 0.32 | −0.02 | −7.02% |
| 2019 | 2019-12-31 | 0.35 | −0.04 | −10.28% |
| 2018 | 2018-12-31 | 0.38 | 0.01 | +1.46% |
| 2017 | 2017-12-31 | 0.38 | 0.11 | +38.87% |
| 2016 | 2016-12-31 | 0.27 | 0.02 | +6.09% |
| 2015 | 2015-12-31 | 0.26 | 0.04 | +18.26% |
| 2014 | 2014-12-31 | 0.22 | −0.05 | −17.78% |
| 2013 | 2013-12-31 | 0.26 | −0.10 | −28.07% |
| 2012 | 2012-12-31 | 0.37 | — | — |
Voya Financial quarterly debt-to-equity ratio
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
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Q2.16
Q3.16
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Q2.17
Q3.17
Q4.17
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Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
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Q4.20
Q1.21
Q2.21
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Q2.22
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Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.45 | −0.10 | −18.55% |
| Q1 2026 | 2026-03-31 | 0.54 | 0.06 | +11.75% |
| Q4 2025 | 2025-12-31 | 0.58 | −0.19 | −24.67% |
| Q3 2025 | 2025-09-30 | 0.42 | −0.19 | −30.86% |
| Q2 2025 | 2025-06-30 | 0.55 | −0.07 | −10.77% |
| Q1 2025 | 2025-03-31 | 0.48 | −0.12 | −19.99% |
| Q4 2024 | 2024-12-31 | 0.77 | 0.23 | +42.63% |
| Q3 2024 | 2024-09-30 | 0.61 | −0.06 | −8.54% |
| Q2 2024 | 2024-06-30 | 0.62 | −0.03 | −4.10% |
| Q1 2024 | 2024-03-31 | 0.60 | −0.00 | −0.27% |
| Q4 2023 | 2023-12-31 | 0.54 | −0.21 | −27.98% |
| Q3 2023 | 2023-09-30 | 0.67 | 0.09 | +15.63% |
| Q2 2023 | 2023-06-30 | 0.64 | 0.12 | +21.85% |
| Q1 2023 | 2023-03-31 | 0.60 | 0.21 | +54.93% |
| Q4 2022 | 2022-12-31 | 0.75 | 0.42 | +125.52% |
| Q3 2022 | 2022-09-30 | 0.58 | 0.23 | +63.86% |
| Q2 2022 | 2022-06-30 | 0.53 | 0.17 | +48.77% |
| Q1 2022 | 2022-03-31 | 0.39 | 0.01 | +3.71% |
| Q4 2021 | 2021-12-31 | 0.33 | 0.01 | +3.63% |
| Q3 2021 | 2021-09-30 | 0.35 | 0.03 | +10.66% |
| Q2 2021 | 2021-06-30 | 0.36 | 0.03 | +10.64% |
| Q1 2021 | 2021-03-31 | 0.37 | −0.04 | −9.47% |
| Q4 2020 | 2020-12-31 | 0.32 | −0.02 | −7.02% |
| Q3 2020 | 2020-09-30 | 0.32 | 0.03 | +10.47% |
| Q2 2020 | 2020-06-30 | 0.32 | −0.00 | −0.10% |
| Q1 2020 | 2020-03-31 | 0.41 | 0.07 | +19.54% |
| Q4 2019 | 2019-12-31 | 0.35 | −0.04 | −10.28% |
| Q3 2019 | 2019-09-30 | 0.29 | −0.12 | −28.63% |
| Q2 2019 | 2019-06-30 | 0.32 | −0.09 | −21.40% |
| Q1 2019 | 2019-03-31 | 0.35 | −0.02 | −6.12% |
| Q4 2018 | 2018-12-31 | 0.38 | 0.01 | +1.46% |
| Q3 2018 | 2018-09-30 | 0.41 | 0.13 | +46.08% |
| Q2 2018 | 2018-06-30 | 0.41 | 0.09 | +30.08% |
| Q1 2018 | 2018-03-31 | 0.37 | 0.04 | +13.26% |
| Q4 2017 | 2017-12-31 | 0.38 | 0.11 | +38.87% |
| Q3 2017 | 2017-09-30 | 0.28 | 0.04 | +19.12% |
| Q2 2017 | 2017-06-30 | 0.31 | 0.08 | +35.94% |
| Q1 2017 | 2017-03-31 | 0.33 | 0.09 | +36.23% |
| Q4 2016 | 2016-12-31 | 0.27 | 0.02 | +6.09% |
| Q3 2016 | 2016-09-30 | 0.23 | −0.01 | −4.35% |
| Q2 2016 | 2016-06-30 | 0.23 | −0.00 | −1.44% |
| Q1 2016 | 2016-03-31 | 0.24 | 0.02 | +9.44% |
| Q4 2015 | 2015-12-31 | 0.26 | 0.04 | +18.26% |
| Q3 2015 | 2015-09-30 | 0.24 | 0.00 | +1.22% |
| Q2 2015 | 2015-06-30 | 0.23 | −0.00 | −1.08% |
| Q1 2015 | 2015-03-31 | 0.22 | −0.03 | −13.02% |
| Q4 2014 | 2014-12-31 | 0.22 | −0.05 | −17.78% |
| Q3 2014 | 2014-09-30 | 0.24 | −0.03 | −12.42% |
| Q2 2014 | 2014-06-30 | 0.24 | −0.05 | −16.49% |
| Q1 2014 | 2014-03-31 | 0.25 | −0.05 | −17.59% |
| Q4 2013 | 2013-12-31 | 0.26 | −0.10 | −28.07% |
| Q3 2013 | 2013-09-30 | 0.28 | — | — |
| Q2 2013 | 2013-06-30 | 0.28 | — | — |
| Q1 2013 | 2013-03-31 | 0.30 | — | — |
| Q4 2012 | 2012-12-31 | 0.37 | — | — |
Voya Financial debt-to-equity ratio trends
Over the last five fiscal years, Voya Financial's debt-to-equity ratio increased from 0.32 to 0.58, a change of 0.26. The latest reported quarter, Q2 2026, shows 0.45.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Voya Financial source filings ↗