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Voya Financial, Inc. cash flow statement

In fiscal 2025, Voya Financial, Inc.'s operations generated $1.29bn of cash; it spent $0 on capital projects, leaving free cash flow of $1.29bn. It returned $178m in dividends and $200m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Voya Financial, Inc.: cash flow statement, annual
Fiscal year2011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations4,3573,2823,2633,6293,2483,6921,5821,8681,3101,362221,3521,6381,3451,2881,192
Depreciation and amortisation96918591939919—————————
Stock-based pay6152809376991179698888890126967286
Capital spending3329413360670000000000
Free cash flow4,3243,2533,2233,5963,1883,6251,5821,8681,3101,362221,3521,6381,3451,2881,192
Free cash flow after stock pay4,2643,2003,1433,5033,1123,5261,4651,7721,2121,274−661,2621,5121,2491,2161,106
Dividends paid00510988644363683127171178179
Share buybacks—007891,4876879231,0251,1365161,113750369640200500
Shares issued005720013334470655

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Voya Financial, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Voya Financial, Inc.