Voya Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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Jun 30, 2025 · Filed Aug 7, 2025
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15. Revenue from Contracts with Customers
- Revenue from Contracts with Customers
Financial services and software subscriptions and services revenue is disaggregated by type of service in the following table:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Retirement | ||||
| Advisory and recordkeeping and administration | $177 | $157 | $353 | $300 |
| Distribution and shareholder servicing | 31 | 32 | 62 | 66 |
| Investment Management | ||||
| Advisory, asset management and recordkeeping and administration | 239 | 242 | 475 | 484 |
| Distribution and shareholder servicing | 32 | 40 | 68 | 79 |
| Employee Benefits | ||||
| Recordkeeping and administration | 12 | 7 | 20 | 12 |
| Software subscriptions and services | 50 | 50 | 101 | 104 |
| Corporate | ||||
| Recordkeeping and administration | 1 | — | 1 | 2 |
| Total financial services and software subscriptions and services revenue | 542 | 528 | 1,080 | 1,047 |
| Revenue from other sources(1) | 135 | 87 | 271 | 169 |
| Total Fee income and Other revenue | $677 | $615 | $1,351 | $1,216 |
(1)Primarily consists of revenue from insurance contracts and financial instruments.
Net receivables of $323 and $361 are included in Other assets on the Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024, respectively.
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