Voya Financial Q2 profit falls on lower investment income, severance costs
VOYA•Revenue, integration progress and outlook
Fee-based revenues rose in Retirement and Investment Management, supported by commercial growth and the OneAmerica integration, which Voya said it completed. The company said the integration boosted fee-based revenues and client assets.
Voya said strong performance trends and expense actions support a robust outlook for the second half of 2026.
Key details
| Metric | Actual |
|---|---|
| Q2 Revenue | $1.89 billion |
| Q2 EPS | $0.97 |
| Q2 Net Income | $18 million |
| Q2 Adjusted Operating Earnings | $140 million |
The current average analyst rating on the shares is "buy," with 8 "strong buy" or "buy," 4 "hold," and 1 "sell" or "strong sell." The average consensus recommendation for the diversified investment services peer group is "buy."
Wall Street's median 12-month price target for Voya Financial Inc is $106.00, about 5.9% above its August 3 closing price of $100.07. The stock recently traded at 10 times the next 12-month earnings, versus a P/E of 8 three months ago.
Q2 profit falls on lower investment income and severance costs
Voya Financial said its second-quarter net income and adjusted EPS declined year over year, as lower alternative investment income and severance expenses weighed on earnings.
The US retirement and investment manager said the decline in adjusted operating earnings was mainly due to lower alternative investment income. Results also included about in pre-tax severance expenses for targeted cost-saving actions.
