VOYA Voya Financial, Inc. Common Stock
About Voya Financial, Inc. Common Stock Company overview from Wikipedia
Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.
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Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.
Voya Financial returned to the Fortune 500 list in 2024, coming in at #487 with $7.3 billion in revenue.
## Operations
The company's main center for broker-dealer (the ING Financial Partners division) and annuities businesses is located in Des Moines, Iowa. This center was first established in 1997 and employed 400 as of late 2014. On July 31, 2017, Voya entered into an agreement with Cognizant to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant.
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VOYA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
VOYA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 26, 2026 | $0.4700 |
| Feb. 25, 2026 | $0.4700 |
| Nov. 26, 2025 | $0.4700 |
| Aug. 26, 2025 | $0.4500 |
| May 27, 2025 | $0.4500 |
| Feb. 25, 2025 | $0.4500 |
| Nov. 26, 2024 | $0.4500 |
| Aug. 27, 2024 | $0.4500 |
| May 24, 2024 | $0.4000 |
| Feb. 23, 2024 | $0.4000 |
| Nov. 24, 2023 | $0.4000 |
| Aug. 25, 2023 | $0.4000 |
| May 25, 2023 | $0.2000 |
| Feb. 23, 2023 | $0.2000 |
| Nov. 25, 2022 | $0.2000 |
| Aug. 25, 2022 | $0.2000 |
| May 24, 2022 | $0.2000 |
| Feb. 24, 2022 | $0.2000 |
| Nov. 26, 2021 | $0.2000 |
| Aug. 25, 2021 | $0.1650 |
VOYA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 15.8%
- Buy 10 52.6%
- Hold 5 26.3%
- Sell 1 5.3%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.51 | $2.02 | -0.51% |
| March 31, 2026 | $2.26 | $2.09 | 0.17% |
| Dec. 31, 2025 | $1.94 | $2.12 | -0.18% |
| Sept. 30, 2025 | $2.45 | $2.28 | 0.17% |
| June 30, 2025 | $2.46 | $2.08 | 0.38% |
| March 31, 2025 | $2.00 | $1.58 | 0.42% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VOYA | $6.99B | 11.8 | 1.7% | 8.0% | 14.6% | — |
| APO | $83.81B | 26.1 | 22.7% | 10.9% | 17.2% | — |
| CRBG | — | -44.4 | -1.2% | — | — | — |
| EQH | — | -9.9 | -6.1% | — | — | — |
| JXN | $7.13B | -444.4 | 104.3% | 0.40% | 0.27% | — |
| ALRS | $572M | 33.1 | 1.1% | 7.8% | 3.3% | — |
| SOR | — | — | — | — | — | — |
| NEWT | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.19B | $8.05B | $7.35B | $5.93B | $4.17B | $7.65B | $7.48B | $7.16B | $7.23B | $8.79B | $8.72B | $10.99B | |
| Operating Expenses | $3.45B | $3.08B | $3.10B | $2.54B | $2.59B | $2.65B | $2.75B | $2.60B | $2.56B | $2.65B | $2.68B | $3.46B | |
| Operating Income | $1.04B | $870M | $916M | · | · | · | · | · | · | $114M | $156M | $214M | |
| Interest Expense | · | · | · | · | · | · | $176M | $221M | $184M | $288M | $197M | $190M | |
| Other Non-op | · | · | · | $148M | $579M | $409M | $465M | $443M | $379M | $342M | $385M | $433M | |
| Pretax Income | $837M | $799M | $678M | $428M | $3.08B | $352M | $574M | $521M | $385M | $10M | $476M | $1.23B | |
| Income Tax | $104M | $57M | $-51M | $-5M | $-34M | $-18M | $-217M | $39M | $687M | $-29M | $84M | $-1.73B | |
| Net Income | $654M | $667M | $625M | $510M | $2.37B | $-206M | $-360M | $762M | $-2.99B | $-327M | $408M | $2.29B | |
| EPS (Basic) | $6.40 | $6.31 | $5.74 | $4.70 | $20.02 | $-1.90 | $-2.75 | $4.67 | $-16.25 | $-1.63 | $1.81 | · | |
| EPS (Diluted) | $6.29 | $6.17 | $5.42 | $4.30 | $18.56 | $-1.84 | $-2.64 | $4.53 | $-16.25 | $-1.61 | $1.80 | · | |
| Shares (Basic) | 95,800,000 | 99,200,000 | 102,700,000 | 100,700,000 | 116,700,000 | 127,400,000 | 141,000,000 | 163,200,000 | 184,100,000 | 200,800,000 | 225,400,000 | 253,100,000 | |
| Shares (Diluted) | 97,400,000 | 101,400,000 | 108,800,000 | 110,200,000 | 125,800,000 | 131,900,000 | 147,000,000 | 168,200,000 | 184,100,000 | 202,700,000 | 227,400,000 | 255,100,000 | |
| EBITDA | $1.04B | · | · | · | · | · | · | · | · | $213M | $348M | $404M |
Balance Sheet 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $1.40B | $1.50B | $1.18B | $1.24B | $854M | $2.10B | $1.82B | $2.53B | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | $376M | $373M | $367M | $408M | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | $269M | $261M | $242M | $282M | |
| Goodwill | $804M | $748M | $748M | $327M | $72M | $48M | $48M | $48M | $31M | · | · | · | |
| Intangibles | $874M | $832M | $857M | $631M | $97M | $76M | $87M | $121M | $155M | $188M | $220M | · | |
| Total Assets | $178.86B | $163.89B | $157.09B | $146.61B | $171.26B | $180.52B | $168.99B | $155.38B | $222.53B | $214.59B | $218.22B | $226.93B | |
| Short-term Debt | $586M | $399M | $1M | $141M | $1M | $1M | $1M | $1M | $337M | $0 | $0 | $0 | |
| Total Liabilities | $171.82B | $157.88B | $151.03B | $141.61B | $161.44B | $169.34B | $158.83B | $146.44B | $211.49B | $200.62B | $201.95B | $208.37B | |
| Long-term Debt | $2.10B | $2.50B | $2.10B | $2.23B | $2.60B | $3.04B | $3.04B | $3.14B | $3.46B | $3.55B | $3.46B | $3.52B | |
| Total Debt | $2.69B | $2.90B | $2.10B | $2.38B | $2.60B | $3.05B | $3.04B | $3.14B | $3.80B | $3.55B | $3.49B | $3.52B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | |
| Treasury Stock | $1.01B | $754M | $56M | $39M | $80M | $1.02B | $460M | $4.98B | $3.83B | $2.80B | $2.30B | $807M | |
| AOCI | $-1.79B | $-2.46B | $-2.40B | $-3.06B | $1.81B | $4.90B | $3.33B | $607M | $2.73B | $1.92B | $1.43B | $3.10B | |
| Stockholders' Equity | $4.95B | $4.00B | $4.19B | $3.35B | $8.25B | $10.11B | $9.34B | $8.15B | $10.01B | $12.99B | $13.44B | $16.15B | |
| Liabilities + Equity | $178.86B | $163.89B | $157.09B | $146.61B | $171.26B | $180.52B | $168.99B | $155.38B | $222.53B | $214.59B | $218.22B | $226.93B | |
| Shares Outstanding | 93,842,616 | 95,500,000 | 102,900,000 | 97,200,000 | 107,800,000 | 124,200,000 | 132,300,000 | 151,000,000 | 172,000,000 | 194,600,000 | 209,100,000 | 241,900,000 |
Cash Flow 20
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | $99M | $92M | $91M | |
| Stock-based Comp | $72M | $96M | $126M | $90M | $88M | $88M | $98M | $96M | $117M | $99M | $76M | $93M | |
| Deferred Tax | $89M | $42M | $-62M | $3M | $410M | $-9M | $-318M | $-81M | $815M | $-151M | $-107M | $-1.82B | |
| Amort. of Intangibles | $103M | $96M | $85M | $36M | $46M | $55M | $60M | $61M | $62M | $63M | $59M | $55M | |
| Restructuring | · | · | · | · | · | · | · | · | · | $34M | · | · | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | $3.86B | $2.69B | $2.99B | |
| Operating Cash Flow | $1.29B | $1.34B | $1.64B | $1.35B | $22M | $1.36B | $1.31B | $1.87B | $1.58B | $3.69B | $3.25B | $3.63B | |
| CapEx | · | · | · | · | · | · | · | · | · | $67M | $60M | $33M | |
| Investing Cash Flow | $-1.37B | $481M | $2.53B | $-1.95B | $-327M | $-2.46B | $-1.25B | $-282M | $-2.43B | $-3.68B | $-4.27B | $-3.31B | |
| Debt Issued | $0 | $397M | $388M | $0 | $0 | · | · | · | · | · | · | · | |
| Net Debt Issued | $0 | $397M | $388M | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $5M | $6M | $0 | $7M | $4M | $4M | $3M | $3M | $3M | $1M | $0 | $0 | |
| Stock Repurchased | $200M | $640M | $369M | $750M | $1.11B | $516M | $1.14B | $1.02B | $923M | $687M | $1.49B | $789M | |
| Net Stock Activity | $-195M | $-634M | $-369M | $-743M | $-1.11B | $-512M | $-1.13B | $-1.02B | $-920M | $-686M | $-1.49B | $-789M | |
| Dividends Paid | $178M | $171M | $127M | $83M | $36M | $36M | $44M | $6M | $8M | $8M | $9M | $10M | |
| Financing Cash Flow | $-85M | $-1.43B | $-4.06B | $28M | $-265M | $1.70B | $-121M | $-1.76B | $-349M | $389M | $1.01B | $-625M | |
| Net Change in Cash | $-166M | $396M | $111M | $-566M | $-570M | $603M | $-66M | $-178M | $-1.20B | $398M | $-18M | · | |
| Taxes Paid | $15M | $9M | $11M | $14M | $3M | $-111M | $-127M | $1M | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | $3.52B | $3.19B | $3.60B | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $3.15B | $3.00B | $3.14B |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 12.7% | · | · | · | · | · | · | · | · | 1.1% | 2.2% | 2.8% | |
| Net Margin | 8.0% | 8.3% | 8.5% | 8.6% | 50.3% | -2.7% | -4.7% | 10.3% | -34.7% | -4.0% | 3.6% | 20.8% | |
| Pretax Margin | 10.2% | 9.9% | 9.2% | 7.2% | 65.6% | 4.6% | 7.5% | 7.2% | 6.1% | 7.2% | 8.6% | 11.1% | |
| EBITDA Margin | 12.7% | · | · | · | · | · | · | · | · | 2.0% | 3.1% | 3.6% | |
| ROA | 0.38% | 0.42% | 0.41% | 0.32% | 1.2% | -0.12% | -0.21% | 0.46% | -1.4% | -0.20% | 0.18% | 1.0% | |
| ROE | 14.6% | 16.3% | 16.6% | 8.0% | 23.2% | -2.1% | -3.5% | 9.6% | -26.0% | -3.2% | 2.8% | 15.7% | |
| ROIC | 11.9% | · | · | · | · | · | · | · | · | 0.88% | 1.4% | 3.9% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.7 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | |
| LT Debt / Equity | 0.3 | 0.5 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 0.4 | 1.3 | 1.7 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1.7% | 9.6% | 23.9% | 42.1% | -45.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 11.4% | 24.5% | -1.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 1.9% | 13.8% | 26.1% | -76.8% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 13.5% | -30.7% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -1.9% | 6.7% | 22.6% | -78.5% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.6% | -34.5% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 37.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.19B | $8.05B | $7.35B | $5.93B | $4.17B | $7.65B | $7.48B | $7.16B | $7.23B | $8.79B | $8.72B | $10.99B | |
| Net Income TTM | $654M | $667M | $625M | $510M | $2.37B | $-206M | $-360M | $762M | $-2.99B | $-327M | $408M | $2.29B | |
| Market Cap | $6.99B | $6.57B | $7.50B | $5.98B | $7.15B | $7.31B | $8.07B | $6.06B | $8.51B | $7.63B | $7.72B | $10.25B | |
| Enterprise Value | · | · | · | · | $8.34B | $8.85B | $9.93B | $7.66B | $11.09B | $8.27B | $8.69B | $11.24B | |
| P/E | 11.8 | 11.2 | 13.5 | 14.3 | 3.6 | -32.0 | -23.1 | 8.9 | -3.0 | -24.4 | 20.5 | 8.8 | |
| P/S | 0.9 | 0.8 | 1.0 | 1.0 | 1.7 | 1.0 | 1.1 | 0.8 | 1.2 | 0.9 | 0.9 | 0.9 | |
| P/B | 1.4 | 1.6 | 1.8 | 1.3 | 0.9 | 0.7 | 0.9 | 0.7 | 0.8 | 0.6 | 0.6 | 0.6 | |
| P / Tangible Book | 2.1 | 2.7 | 2.9 | 2.5 | 0.9 | 0.7 | · | · | · | · | · | · | |
| P / Cash Flow | 5.4 | 4.9 | 4.6 | 4.4 | 99.2 | 6.0 | 6.2 | 3.2 | 5.4 | 2.1 | 2.4 | 2.8 | |
| P / FCF | · | · | · | · | · | · | · | · | · | 2.2 | 2.4 | 2.9 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | 38.8 | 25.0 | 27.8 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | 2.4 | 2.7 | 3.1 | |
| EV / Revenue | · | · | · | · | 2.0 | 1.2 | 1.3 | 1.1 | 1.5 | 0.9 | 1.0 | 1.0 | |
| Dividend Yield | 2.5% | 2.6% | 1.7% | 1.4% | 0.50% | 0.49% | 0.55% | 0.10% | 0.09% | 0.10% | 0.12% | 0.10% | |
| Earnings Yield | 8.4% | 9.0% | 7.4% | 7.0% | 28.0% | -3.1% | -4.3% | 11.3% | -32.9% | -4.1% | 4.9% | 11.4% | |
| Payout Ratio | 27.2% | 25.6% | 5.8% | 7.1% | 3.8% | -36.9% | -12.5% | 0.69% | -0.27% | -1.9% | 2.2% | 0.44% | |
| Annual Payout | $178M | $171M | $127M | $83M | $36M | $36M | $44M | $6M | $8M | $8M | $9M | $10M |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.03B | $2.11B | $2.13B | $1.98B | $1.97B | $2.01B | $1.96B | $2.03B | $2.05B | $1.82B | $1.82B | $1.87B | $1.83B | $1.55B | $1.34B | |
| Operating Expenses | $898M | $848M | $937M | $829M | $857M | $824M | $756M | $775M | $752M | $799M | $773M | $717M | $770M | $836M | $673M | $632M | |
| Other Non-op | · | · | · | · | · | · | · | · | · | · | · | $81M | $86M | $78M | · | $33M | |
| Pretax Income | $34M | $230M | $169M | $307M | $188M | $173M | $120M | $116M | $276M | $287M | $102M | $172M | $263M | $141M | $83M | $71M | |
| Income Tax | $16M | $35M | $20M | $35M | $27M | $22M | $-1M | $18M | $41M | $-1M | $-17M | $-74M | $28M | $12M | $-54M | $29M | |
| Net Income | $94M | $182M | $140M | $192M | $166M | $156M | $97M | $114M | $205M | $251M | $122M | $262M | $158M | $83M | $194M | $180M | |
| EPS (Basic) | $0.99 | $1.78 | $1.44 | $1.82 | $1.69 | $1.45 | $1.02 | $1.00 | $2.00 | $2.29 | $1.19 | $2.35 | $1.50 | $0.70 | $1.87 | $1.70 | |
| EPS (Diluted) | $0.97 | $1.75 | $1.41 | $1.80 | $1.66 | $1.42 | $0.99 | $0.98 | $1.96 | $2.24 | $1.09 | $2.29 | $1.41 | $0.63 | $1.70 | $1.57 | |
| Shares (Basic) | 90,800,000 | 93,100,000 | -192,400,000 | 95,900,000 | 96,400,000 | 95,900,000 | -201,500,000 | 98,200,000 | 100,400,000 | 102,100,000 | -203,800,000 | 105,800,000 | 103,000,000 | 97,700,000 | -205,000,000 | 97,900,000 | |
| Shares (Diluted) | 92,300,000 | 94,500,000 | -195,500,000 | 97,400,000 | 97,700,000 | 97,800,000 | -205,800,000 | 100,400,000 | 102,300,000 | 104,500,000 | -219,000,000 | 108,400,000 | 109,800,000 | 109,600,000 | -224,000,000 | 106,400,000 |
Balance Sheet 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goodwill | $804M | $804M | $804M | $804M | $804M | $804M | $748M | $748M | $748M | $748M | $748M | $748M | $646M | $646M | $327M | $252M | |
| Intangibles | $854M | $864M | $874M | $837M | $839M | $854M | $832M | $862M | $856M | $861M | · | $900M | $908M | $905M | · | $572M | |
| Total Assets | $182.95B | $173.43B | $178.86B | $177.45B | $172.44B | $163.95B | $163.89B | $166.93B | $161.28B | $161.63B | · | $149.26B | $154.62B | $151.21B | · | $144.05B | |
| Short-term Debt | $153M | $587M | $586M | $586M | $447M | $1M | $399M | $397M | $395M | $393M | · | $2M | $143M | $143M | · | $141M | |
| Total Liabilities | $176.30B | $166.73B | $171.82B | $170.37B | $165.88B | $157.59B | $157.88B | $160.35B | $155.41B | $155.76B | · | $144.31B | $149.09B | $145.52B | · | $138.21B | |
| Long-term Debt | $2.10B | $2.50B | $2.10B | $2.10B | $2.10B | $2.10B | $2.50B | $2.50B | $2.10B | $2.10B | · | $2.10B | $2.24B | $2.24B | · | $2.23B | |
| Total Debt | $2.10B | $2.50B | · | $2.10B | $2.55B | $2.10B | · | $2.90B | $2.50B | $2.49B | · | $2.10B | $2.38B | $2.38B | · | $2.38B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Treasury Stock | $1.35B | $1.19B | $1.01B | $883M | $796M | $788M | $754M | $604M | $448M | $263M | · | $307M | $248M | $77M | · | $873M | |
| AOCI | $-1.95B | $-2.06B | $-1.79B | $-1.78B | $-2.07B | $-2.18B | $-2.46B | $-1.81B | $-2.58B | $-2.47B | $-2.40B | $-3.53B | $-2.79B | $-2.54B | $-3.06B | $-1.99B | |
| Stockholders' Equity | $4.68B | $4.66B | $4.95B | $4.96B | $4.63B | $4.38B | $4.00B | $4.72B | $4.04B | $4.15B | · | $3.13B | $3.70B | $3.95B | · | $4.09B | |
| Liabilities + Equity | $182.95B | $173.43B | $178.86B | $177.45B | $172.44B | $163.95B | $163.89B | $166.93B | $161.28B | $161.63B | · | $149.26B | $154.62B | $151.21B | · | $144.05B | |
| Shares Outstanding | 90,586,252 | 92,407,886 | 93,842,616 | 95,354,698 | 96,343,965 | 96,257,262 | 95,497,265 | 97,141,793 | 99,053,271 | 101,291,480 | 102,900,000 | 105,074,021 | 105,720,303 | 98,180,167 | 97,200,000 | 97,166,639 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amort. of Intangibles | $29M | $29M | $27M | $26M | $25M | $25M | $26M | $24M | $23M | $23M | $22M | $21M | $22M | $20M | $0 | $10M | |
| Operating Cash Flow | $503M | $-36M | $557M | $168M | $742M | $-179M | $79M | $719M | $316M | $231M | $364M | $403M | $715M | $156M | $219M | $418M | |
| Investing Cash Flow | $724M | $-352M | $-372M | $-718M | $-524M | $245M | $-23M | $-486M | $-92M | $1.08B | $833M | $430M | $797M | $472M | $0 | $-372M | |
| Debt Issued | $51M | $395M | $0 | $0 | $0 | $0 | $0 | $397M | · | · | $0 | $0 | · | · | $0 | $0 | |
| Net Debt Issued | · | $395M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $0 | $3M | $0 | $2M | $0 | $3M | $0 | $3M | $0 | $3M | $0 | $0 | $0 | $0 | $0 | $5M | |
| Stock Repurchased | $150M | $150M | $100M | $100M | $0 | $0 | $120M | $172M | $176M | $172M | $157M | $50M | $162M | $0 | $0 | $0 | |
| Net Stock Activity | · | $-147M | · | · | · | $3M | · | · | · | $-169M | · | · | · | $0 | · | · | |
| Dividends Paid | $-40M | $44M | $45M | $43M | $47M | $43M | $43M | $44M | $43M | $41M | $42M | $67M | $29M | $20M | $51M | $14M | |
| Financing Cash Flow | $-1.23B | $130M | $-113M | $505M | $93M | $-570M | $-87M | $132M | $-220M | $-1.25B | $-996M | $-1.26B | $-987M | $-811M | $-147M | $-150M | |
| Net Change in Cash | $-5M | $-258M | $72M | $-45M | $311M | $-504M | $-31M | $365M | $4M | $58M | $201M | $-432M | $525M | $-183M | $72M | $-104M |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.0% | 9.0% | · | 9.0% | 8.4% | 7.9% | · | 5.8% | 10.1% | 12.2% | · | 14.4% | 8.4% | 4.5% | · | 15.5% | |
| Pretax Margin | 1.8% | 11.3% | · | 14.4% | 9.5% | 8.8% | · | 5.9% | 13.6% | 14.0% | · | 9.4% | 14.1% | 7.7% | · | 7.5% | |
| ROA | 0.05% | 0.11% | · | 0.11% | 0.10% | 0.10% | · | 0.07% | 0.13% | 0.16% | · | 0.18% | 0.10% | 0.05% | · | 0.13% | |
| ROE | 2.0% | 4.0% | · | 4.0% | 3.8% | 3.7% | · | 2.9% | 5.3% | 6.2% | · | 7.3% | 3.9% | 1.6% | · | 3.3% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.5 | · | 0.4 | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | |
| LT Debt / Equity | 0.4 | 0.4 | · | 0.3 | 0.4 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.7 | 0.6 | 0.5 | · | 0.5 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.04B | $8.11B | · | $8.03B | $7.94B | $8.01B | · | $7.86B | $7.78B | $7.58B | · | $6.87B | $6.58B | $6.21B | · | $6.38B | |
| Net Income TTM | $634M | $696M | · | $628M | $641M | $726M | · | $832M | $876M | $754M | · | $683M | $489M | $399M | · | $472M | |
| Market Cap | $8.20B | $6.31B | · | $7.13B | $6.84B | $6.52B | · | $7.70B | $7.05B | $7.49B | · | $6.98B | $7.58B | $7.02B | · | $5.88B | |
| P/E | 14.6 | 10.3 | · | 12.8 | 11.8 | 10.3 | · | 10.6 | 9.0 | 11.3 | · | 11.3 | 17.2 | 22.1 | · | 16.1 | |
| P/S | 1.0 | 0.8 | · | 0.9 | 0.9 | 0.8 | · | 1.0 | 0.9 | 1.0 | · | 1.0 | 1.2 | 1.1 | · | 0.9 | |
| P/B | 1.8 | 1.4 | · | 1.4 | 1.5 | 1.5 | · | 1.6 | 1.7 | 1.8 | · | 2.2 | 2.1 | 1.8 | · | 1.4 | |
| P / Tangible Book | 2.7 | 2.1 | · | 2.2 | 2.3 | 2.4 | · | 2.5 | 2.9 | 2.9 | · | 4.7 | 3.5 | 2.9 | · | 1.8 | |
| P / Cash Flow | · | -175.4 | · | · | · | -36.4 | · | · | · | 32.4 | · | · | · | 45.0 | · | · | |
| Earnings Yield | 6.8% | 9.7% | · | 7.8% | 8.5% | 9.7% | · | 9.4% | 11.1% | 8.9% | · | 8.9% | 5.8% | 4.5% | · | 6.2% | |
| Payout Ratio | · | 24.2% | · | · | · | 27.6% | · | · | · | 16.3% | · | · | · | 16.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $8.19B | $8.05B | $7.35B | $5.93B | $4.17B |
| Operating Margin % | 12.7% | — | — | — | — |
| Net Income | $654M | $667M | $625M | $510M | $2.37B |
| Diluted EPS | $6.29 | $6.17 | $5.42 | $4.30 | $18.56 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.7 | 0.5 | 0.5 | 0.3 |
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Institutional owners (13F) 562 filers · $4.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 113 (+38 vs prior Q) | 37 (-22 vs prior Q) | 164 (+8 vs prior Q) | 155 (0 vs prior Q) | +6.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $444,347,313 | 4,908,288 | 9.91% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $370,684,862 | 4,094,608 | 8.27% | Shares |
| STATE STREET CORP | $290,413,088 | 3,207,921 | 6.48% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $251,589,479 | 2,779,073 | 5.61% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $233,900,917 | 2,583,684 | 5.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $126,373,888 | 1,395,512 | 2.82% | Shares |
| MAVERICK CAPITAL LTD | $119,869,053 | 1,324,081 | 2.67% | Shares |
| NORGES BANK | $114,287,969 | 1,262,432 | 2.55% | Shares |
| TOMS Capital Investment Management LP | $113,253,030 | 1,251,000 | 2.53% | Shares |
| Woodline Partners LP | $103,768,564 | 1,146,234 | 2.31% | Shares |
| AMERIPRISE FINANCIAL INC | $100,930,358 | 1,114,883 | 2.25% | Shares |
| TOMS Capital Investment Management LP | $87,180,390 | 963,000 | 1.94% | Call option |
| FIRST TRUST ADVISORS LP | $81,714,460 | 902,623 | 1.82% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $73,392,000 | 810,697 | 1.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $69,234,809 | 764,772 | 1.54% | Shares |
| FMR LLC | $61,745,166 | 682,041 | 1.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $61,578,687 | 680,202 | 1.37% | Shares |
| GOLDMAN SACHS GROUP INC | $56,317,028 | 622,081 | 1.26% | Shares |
| MILLENNIUM MANAGEMENT LLC | $52,349,425 | 578,255 | 1.17% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $51,958,517 | 573,937 | 1.16% | Shares |
| Qube Research & Technologies Ltd | $42,439,649 | 468,791 | 0.95% | Shares |
| D. E. Shaw & Co., Inc. | $40,008,466 | 441,936 | 0.89% | Shares |
| JANE STREET GROUP, LLC | $37,109,786 | 409,917 | 0.83% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $36,995,459 | 496,650 | 0.82% | Shares |
| AMERICAN CENTURY COMPANIES INC | $35,746,536 | 394,858 | 0.80% | Shares |
| NEUBERGER BERMAN GROUP LLC | $34,805,352 | 384,462 | 0.78% | Shares |
| ALGEBRIS (UK) LTD | $31,669,193 | 350,925 | 0.71% | Shares |
| GOLDMAN SACHS GROUP INC | $31,196,638 | 344,600 | 0.70% | Put option |
| Sculptor Capital LP | $30,237,020 | 334,000 | 0.67% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $30,008,535 | 439,235 | 0.67% | Shares |
| Jain Global LLC | $29,413,106 | 324,899 | 0.66% | Shares |
| GOLDMAN SACHS GROUP INC | $28,906,229 | 319,300 | 0.64% | Call option |
| Alyeska Investment Group, L.P. | $27,159,000 | 300,000 | 0.61% | Shares |
| BlackRock, Inc. | $25,870,758 | 285,770 | 0.58% | Shares |
| Leeward Investments, LLC - MA | $25,668,695 | 283,538 | 0.57% | Shares |
| Quantinno Capital Management LP | $22,861,043 | 252,524 | 0.51% | Shares |
| Point72 Asset Management, L.P. | $22,775,537 | 251,580 | 0.51% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $22,398,489 | 247,415 | 0.50% | Shares |
| RHUMBLINE ADVISERS | $22,126,832 | 244,415 | 0.49% | Shares |
| Impax Asset Management Group plc | $20,567,963 | 227,195 | 0.46% | Shares |
| Squarepoint Ops LLC | $20,091,866 | 221,936 | 0.45% | Shares |
| NATIXIS | $19,795,924 | 218,667 | 0.44% | Shares |
| California Public Employees Retirement System | $19,584,445 | 216,331 | 0.44% | Shares |
| Balyasny Asset Management L.P. | $19,292,486 | 213,106 | 0.43% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $18,547,334 | 204,875 | 0.41% | Shares |
| Aristotle Capital Boston, LLC | $18,488,746 | 204,227 | 0.41% | Shares |
| Epoch Investment Partners, Inc. | $17,720,071 | 195,737 | 0.40% | Shares |
| Retirement Systems of Alabama | $17,578,572 | 194,174 | 0.39% | Shares |
| ALLIANCEBERNSTEIN L.P. | $17,370,565 | 254,253 | 0.39% | Shares |
| Freestone Grove Partners LP | $16,964,326 | 187,389 | 0.38% | Shares |
| Swiss National Bank | $16,847,633 | 186,100 | 0.38% | Shares |
| M&G PLC | $16,633,435 | 182,785 | 0.37% | Shares |
| Engineers Gate Manager LP | $16,341,118 | 180,505 | 0.36% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $16,017,292 | 176,928 | 0.36% | Shares |
| Interval Partners, LP | $15,869,818 | 175,299 | 0.35% | Shares |
| CITADEL ADVISORS LLC | $15,435,727 | 170,504 | 0.34% | Shares |
| BANK OF AMERICA CORP /DE/ | $15,377,245 | 169,858 | 0.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $14,828,814 | 163,800 | 0.33% | Call option |
| Jump Financial, LLC | $14,618,694 | 161,479 | 0.33% | Shares |
| BARCLAYS PLC | $14,310,349 | 158,073 | 0.32% | Shares |
| Gator Capital Management, LLC | $14,157,534 | 156,385 | 0.32% | Shares |
| TD Asset Management Inc | $13,800,122 | 152,437 | 0.31% | Shares |
| MORGAN STANLEY | $13,499,381 | 149,115 | 0.30% | Shares |
| MGO ONE SEVEN LLC | $12,823,393 | 141,648 | 0.29% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $12,713,191 | 186,083 | 0.28% | Shares |
| TUDOR INVESTMENT CORP ET AL | $12,130,205 | 133,991 | 0.27% | Shares |
| Schonfeld Strategic Advisors LLC | $11,582,497 | 127,941 | 0.26% | Shares |
| Trexquant Investment LP | $11,380,526 | 125,710 | 0.25% | Shares |
| Assenagon Asset Management S.A. | $11,371,564 | 125,611 | 0.25% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $11,028,002 | 121,816 | 0.25% | Shares |
| RAYMOND JAMES FINANCIAL INC | $10,564,112 | 116,692 | 0.24% | Shares |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $10,547,741 | 116,511 | 0.24% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $10,027,287 | 110,762 | 0.22% | Shares |
| Hudson Bay Capital Management LP | $9,900,813 | 109,365 | 0.22% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,735,868 | 107,543 | 0.22% | Shares |
| Bank of New York Mellon Corp | $9,404,075 | 103,878 | 0.21% | Shares |
| ALGERT GLOBAL LLC | $9,154,937 | 101,126 | 0.20% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $8,811,828 | 97,336 | 0.20% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $8,384,979 | 92,621 | 0.19% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $8,168,250 | 90,227 | 0.18% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $7,846,145 | 86,669 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $7,734,302 | 113,207 | 0.17% | Shares |
| NOMURA HOLDINGS INC | $7,662,459 | 84,640 | 0.17% | Shares |
| BANK OF NOVA SCOTIA | $6,880,823 | 76,006 | 0.15% | Shares |
| Walleye Capital LLC | $6,792,647 | 75,032 | 0.15% | Shares |
| VAN ECK ASSOCIATES CORP | $6,680,661 | 73,795 | 0.15% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $6,393,863 | 70,627 | 0.14% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $6,356,111 | 70,210 | 0.14% | Shares |
| NOMURA HOLDINGS INC | $6,246,570 | 69,000 | 0.14% | Call option |
| IMC-Chicago, LLC | $5,972,626 | 65,974 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $5,722,220 | 63,208 | 0.13% | Shares |
| Bridgewater Associates, LP | $5,687,909 | 62,829 | 0.13% | Shares |
| SEB Asset Management AB | $5,479,589 | 60,528 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $5,349,421 | 59,090 | 0.12% | Shares |
| Numerai GP LLC | $5,334,118 | 58,921 | 0.12% | Shares |
| MORGAN DEMPSEY CAPITAL MANAGEMENT LLC | $5,285,471 | 58,384 | 0.12% | Shares |
| BancorpSouth Bank | $5,119,548 | 68,728 | 0.11% | Shares |
| Jefferies Financial Group Inc. | $5,051,574 | 55,800 | 0.11% | Call option |
| Legal & General Group Plc | $4,800,444 | 53,026 | 0.11% | Shares |
| Robeco Institutional Asset Management B.V. | $4,752,553 | 52,497 | 0.11% | Shares |
Company insiders 53 insiders · 28 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Heather H. Lavallee | President and CEO | July 1, 2025 M | 67,597 | 0 | 0 | $0 |
| Robert L. Grubka | CEO, Workplace Solutions | July 1, 2024 M | 42,880 | 0 | 0 | $0 |
| Christine Hurtsellers | CEO, Investment Management | July 3, 2023 M | 31,324 | 0 | 0 | $0 |
| Jeffrey T Becker | Chief Executive Officer, Investment Management | March 28, 2016 M | 18,761 | 0 | 0 | $0 |
| Maliz E Beams | Chief Executive Officer, Retirement Solutions | June 5, 2014 F | 43,619 | 0 | 0 | $0 |
| Donald W Britton | Chief Executive Officer, Insurance Solutions | Dec. 4, 2013 S | 28,906 | 0 | 0 | $0 |
| Michael Robert Katz | Executive Vice President, Chief Financial Officer | July 1, 2025 M | 38,494 | 0 | 0 | $0 |
| Michael S Smith | Vice Chairman and Chief Financial Officer | Oct. 21, 2022 S | 196,752 | 0 | 0 | $0 |
| Ewout L Steenbergen | Executive Vice President and Chief Financial Officer | March 28, 2016 M | 5,097 | 0 | 0 | $0 |
| Alain M Karaoglan | Executive Vice President and Chief Operating Officer | March 7, 2018 M | 34,756 | 0 | 0 | $0 |
| Trevor Ogle | Executive Vice President, Chief Legal Officer | June 8, 2026 S | 2,887 | 0 | 1 | $-359,460 |
| Santhosh Keshavan | Executive Vice President, Chief Information Officer | July 1, 2025 M | 27,557 | 0 | 0 | $0 |
| Tony D Oh | Senior Vice President, Chief Accounting Officer and Controller | Feb. 20, 2025 S | 0 | 0 | 0 | $0 |
| Rachel Tressy | Executive Vice President, Chief Auditor | Feb. 18, 2025 M | 7,276 | 0 | 0 | $0 |
| My Chi To | Executive Vice President, Chief Legal Officer and Corporate Secretary | Feb. 18, 2025 M | 8,155 | 0 | 0 | $0 |
| Donald C. Templin | Officer | Dec. 5, 2024 F | 3,468 | 0 | 0 | $0 |
| Nancy Ferrara | Executive Vice President, Organizational Health and Enterprise Capability Building | Feb. 20, 2024 M | 22,846 | 0 | 0 | $0 |
| Kevin D Silva | Executive Vice President | July 3, 2023 M | 3,809 | 0 | 0 | $0 |
| Charles P Nelson | Vice Chairman | April 14, 2023 A | 203,024 | 0 | 0 | $0 |
| Clyde Landon Cobb Jr. | Chief Accounting Officer | Feb. 22, 2022 A | 13,507 | 0 | 0 | $0 |
| Larry Port | Chief Legal Officer | Feb. 23, 2021 M | 23,358 | 0 | 0 | $0 |
| Margaret M. Parent | Chief Administrative Officer | Feb. 21, 2020 M | 43,505 | 0 | 0 | $0 |
| Patricia J Walsh | Executive Vice President and Chief Legal Officer | Dec. 31, 2019 A | 27,488 | 0 | 0 | $0 |
| Carolyn M Johnson | Annuities and Individual Life | March 29, 2019 A | 24,362 | 0 | 0 | $0 |
| Chetlur S Ragavan | Executive Vice President and Chief Risk Officer | March 7, 2019 M | 34,567 | 0 | 0 | $0 |
| Joseph D. Horan | Interim Chief Accounting Officer | Sept. 11, 2015 S | 0 | 0 | 0 | $0 |
| Steven T Pierson | Chief Accounting Officer | March 30, 2015 S | 8,415 | 0 | 0 | $0 |
| Bridget M Healy | Executive Vice President and Chief Legal Officer | June 5, 2014 F | 15,869 | 0 | 0 | $0 |
| Ruth Ann M Gillis | Director | June 30, 2026 A | 7,162 | 0 | 0 | $0 |
| Lynne Biggar | Director | Aug. 14, 2025 M | 16,588 | 0 | 0 | $0 |
| Yvette S. Butler | Director | May 22, 2025 A | 355 | 0 | 0 | $0 |
| Kathleen Derose | Director | May 22, 2025 A | — | 0 | 0 | $0 |
| Jane Chwick | Director | May 22, 2025 A | 9,594 | 0 | 0 | $0 |
| Biff Bowman | Director | May 22, 2025 A | 527 | 0 | 0 | $0 |
| Robert G Leary | Director | May 22, 2025 A | 868 | 0 | 0 | $0 |
| William J Mullaney | Director | May 22, 2025 A | — | 0 | 0 | $0 |
| Hikmet Ersek | Director | May 22, 2025 A | 4,747 | 0 | 0 | $0 |
| Joseph V Tripodi | Director | May 22, 2025 A | 13,186 | 0 | 0 | $0 |
| Aylwin B Lewis | Director | May 22, 2025 A | 486 | 0 | 0 | $0 |
| ZWIENER DAVID K | Director | May 23, 2024 M | 35,511 | 0 | 0 | $0 |
| Rodney O Martin JR | Director | Feb. 21, 2024 M | 81,965 | 0 | 0 | $0 |
| Byron H Pollitt JR | Director | May 25, 2023 M | 24,766 | 0 | 0 | $0 |
| Barry J Griswell | Director | May 21, 2020 A | 0 | 0 | 0 | $0 |
| Curtis Arledge | Director | July 30, 2018 A | — | 0 | 0 | $0 |
| Deborah C Wright | Director | May 30, 2018 A | 4,471 | 0 | 0 | $0 |
| Fred S Hubbell | Director | March 31, 2017 A | 16,159 | 0 | 0 | $0 |
| Dick H. Harryvan | Director | March 7, 2014 A | 5,827 | 0 | 0 | $0 |
| Patrick G Flynn | Director | May 7, 2013 P | 2,350 | 0 | 0 | $0 |
| Jan Hm Hommen | Director | May 7, 2013 P | 5,100 | 0 | 0 | $0 |
| Brannigan C Thompson | — | Aug. 16, 2026 M | 11,711 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 116 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| WBIG · Absolute Shares Trust | 1.07% | 3,250 NS | June 30, 2026 | N-PORT |
| FXO · First Trust Exchange-Traded AlphaDE… | 1.07% | 139,961 NS | April 30, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 0.95% | 160,371 NS | April 30, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 0.73% | 88 NS | April 30, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.64% | 4,950 NS | April 30, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.56% | 6,475 NS | April 30, 2026 | N-PORT |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.54% | 11,375 NS | April 30, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.52% | 81,557 NS | April 30, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.48% | 146 NS | June 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.34% | 8,885 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.33% | 12,576 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.31% | 127 NS | May 29, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.27% | 27,290 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.25% | 39,858 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.23% | 10,802 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.22% | 16,691 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.20% | 57,970 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.17% | 3,248 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.16% | 281,450 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.16% | 12,223 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.16% | 266,253 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 38,910 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.15% | 1,557 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.14% | 254,095 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.12% | 114,340 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.12% | 454 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.10% | 1,714 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.10% | 25,871 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.09% | 4,326 NS | May 31, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 7,470 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.08% | 19,096 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.06% | 198,802 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.06% | 3,162 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.05% | 13,815 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.05% | 2,329 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.05% | 80,169 NS | April 30, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.04% | 1,440 NS | May 29, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.04% | 3,799 NS | May 31, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.04% | 6,193 NS | May 29, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.04% | 192,580 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.03% | 48,039 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.03% | 10,166 NS | April 30, 2026 | N-PORT |
| SCHV · SCHWAB STRATEGIC TRUST | 0.02% | 47,235 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.02% | 1,163 NS | May 31, 2026 | N-PORT |
| FNDX · SCHWAB STRATEGIC TRUST | 0.02% | 68,604 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.02% | 3,269 NS | May 31, 2026 | N-PORT |
| JUST · Goldman Sachs ETF Trust | 0.02% | 1,171 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.02% | 21,124 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.01% | 1,082 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 28,730 NS | April 30, 2026 | N-PORT |