Financial services company Voya Financial (NYSE: VOYA) reported revenue ahead of Wall Street’s expectations in Q3 2026, with revenue rising 4.3% year on year to $2.03 billion. Its non-GAAP profit of $2.60 per share was 0.6% above analysts’ consensus estimates.
For more on Voya Financial, read our free full research report.
Voya Financial (VOYA) Q3 2026 highlights:
- Net premiums earned $697 million (2.7% year-on-year decline)
- Revenue $2.03 billion vs S&P analysts’ consensus estimates of $1.97 billion (4.3% year-on-year growth, 3.1% beat)
- Pre-tax profit $287 million (14.2% margin)
- Adjusted EPS $2.60 vs S&P analysts’ consensus estimates of $2.58 (0.6% beat)
- Market capitalization $8.88 billion
Revenue growth
Reviewing a company’s long-term revenue performance reveals insights into its quality. Any business can post a good quarter or two, but the best consistently grow over the long haul. Voya Financial’s revenue grew at a sluggish 4% annualized rate over the last five years, falling short of the financials sector standard.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Voya Financial’s annualized revenue growth of 3.8% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Voya Financial reported modest year-on-year revenue growth of 4.3% but beat Wall Street’s consensus estimates by 3.1%.
Net premiums earned
When financial institutions sell insurance policies, they protect themselves from large losses or an outsized accumulation of losses with reinsurance (insurance for insurance companies). Net premiums earned are therefore gross premiums less what’s ceded to reinsurers as a risk mitigation and transfer strategy.
Voya Financial’s net premiums earned have grown at an annual rate of 6.3% over the last five years, slightly worse than the broader financials industry but faster than its total revenue. Over the last two years, its net premiums earned dropped by 2.6% annually. Its recent performance could be a roadblock for any valuation multiple expansion.
Voya Financial’s net premiums earned totaled $697 million this quarter, falling 2.7% short of analysts’ consensus estimates. That was 2.7% lower than the same quarter last year.
Key takeaways from Voya Financial’s Q3 results
Voya Financial’s revenue beat analysts’ consensus estimates, giving its Q3 results a key positive. Shares remained flat at $99.22 immediately after the release.
The latest quarter matters when deciding whether to buy the stock, but longer-term fundamentals and valuation matter much more. Read the full research report here (it’s free).
