Lincoln Educational Services Corporation (LINC) Revenue History
Annual and quarterly revenue from 2001 to present
LINC Revenue Over Time (2001–2025)
LINC Revenue Growth History
18 of 23 years with positive growth- FY2001 revenue growth
- N/A
- FY2003 revenue growth
- +88.1%
- FY2004 revenue growth
- +31.4%
- FY2005 revenue growth
- +14.5%
- FY2006 revenue growth
- +7.4%
- FY2007 revenue growth
- +1.9%
- FY2008 revenue growth
- +15.0%
- FY2009 revenue growth
- +46.6%
- FY2010 revenue growth
- +15.7%
- FY2011 revenue growth
- -19.8%
- FY2012 revenue growth
- -21.4%
- FY2013 revenue growth
- -14.3%
- FY2014 revenue growth
- -5.8%
- FY2015 revenue growth
- -40.6%
- FY2016 revenue growth
- +1.9%
- FY2017 revenue growth
- +33.0%
- FY2018 revenue growth
- +0.5%
- FY2019 revenue growth
- +3.9%
- FY2020 revenue growth
- +7.2%
- FY2021 revenue growth
- +14.4%
- FY2022 revenue growth
- +3.9%
- FY2023 revenue growth
- +8.6%
- FY2024 revenue growth
- +16.4%
- FY2025 revenue growth
- +17.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $142.6M | +22.4% |
| Q1 2026 | $144.0M | +22.5% |
| Q4 2025 | $142.9M | +19.7% |
| Q3 2025 | $141.4M | +23.6% |
| Q2 2025 | $116.5M | +13.2% |
| Q1 2025 | $117.5M | +13.7% |
| Q4 2024 | $119.4M | +16.4% |
| Q3 2024 | $114.4M | +14.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
LINC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
LINC Revenue Analysis (2001–2025)
Current Revenue & Growth
As of October 3, 2026, Lincoln Educational Services Corporation (LINC) generated trailing twelve-month (TTM) revenue of $570.8 million, reflecting exceptional growth of +22.4% year-over-year. The most recent quarter (Q2 2026) recorded $142.6 million in revenue, down 1.0% sequentially.
Historical Growth Trajectory
LINC's 5-year compound annual growth rate (CAGR) stands at +12.1%, indicating consistent double-digit revenue growth. The 3-year CAGR of +14.2% exceeds the 5-year average, indicating an acceleration in the most recent period. Lincoln Educational Services Corporation's highest annual revenue of $639.5 million was recorded in 2010.
Revenue by Segment
LINC's revenue is primarily driven by Campus Operations (98%), and Transitional (2%). With over half of revenue concentrated in Campus Operations, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Defensive sector peers — including UTI (+9.1% YoY), PRDO (+11.7% YoY), and COCO (+26.1% YoY) — LINC has outperformed the peer group in revenue growth. Compare LINC vs UTI →
LINC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LINCCurrent | $571M | +22.4% | +12.1% | 5.8% | |
 UTI | $836M | +9.1% | +22.7% | 10.0% | |
 PRDO | $846M | +11.7% | +4.2% | 23.2% | |
 COCO | $610M | +26.1% | +14.4% | 13.6% | |
 GHC | $4.9B | +4.8% | +11.2% | 5.1% | |
 LOPE | $1.1B | +7.0% | +5.6% | 27.4% |
LINC Historical Revenue Data (2001–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $518.2M | +17.8% | $312.9M | 60.4% | $29.9M | 5.8% |
| 2024 | $440.1M | +16.4% | $258.3M | 58.7% | $15.2M | 3.4% |
| 2023 | $378.1M | +8.6% | $215.8M | 57.1% | $33.4M | 8.8% |
| 2022 | $348.3M | +3.9% | $199.5M | 57.3% | $16.3M | 4.7% |
| 2021 | $335.3M | +14.4% | $196.4M | 58.6% | $49.3M | 14.7% |
| 2020 | $293.1M | +7.2% | $170.9M | 58.3% | $14.8M | 5.0% |
| 2019 | $273.3M | +3.9% | $149.8M | 54.8% | $5.2M | 1.9% |
| 2018 | $263.2M | +0.5% | $137.8M | 52.4% | $-3,954,000 | -1.5% |
| 2017 | $261.9M | +33.0% | $132.4M | 50.6% | $-4,716,000 | -1.8% |
| 2016 | $196.9M | +1.9% | $102.0M | 51.8% | $-5,163,000 | -2.6% |
| 2015 | $193.2M | -40.6% | $101.1M | 52.3% | $778K | 0.4% |
| 2014 | $325.0M | -5.8% | $160.7M | 49.4% | $-48,549,000 | -14.9% |
| 2013 | $345.0M | -14.3% | $172.3M | 49.9% | $-9,557,000 | -2.8% |
| 2012 | $402.7M | -21.4% | $210.5M | 52.3% | $-27,657,000 | -6.9% |
| 2011 | $512.6M | -19.8% | $289.7M | 56.5% | $34.9M | 6.8% |
LINC Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
25+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
LINC — Frequently Asked Questions
Quick answers to the most common questions about buying LINC stock.
Is LINC's revenue growth accelerating or slowing?
LINC revenue growth is accelerating. TTM revenue reached $571M, up +22.4% year-over-year — ahead of the 5-year CAGR of +12.1%. This indicates the business is expanding faster than its historical baseline.
What is LINC's revenue history from 2001 to 2026?
Lincoln Educational Services Corporation (LINC) revenue history spans 2001 to 2026. TTM revenue as of 2026 is $571M, growing at +22.4% YoY. The 5-year CAGR is +12.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LINC's long-term revenue growth rate (CAGR)?
Lincoln Educational Services Corporation's 5-year revenue CAGR of +12.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +22.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LINC.
Why does LINC's quarterly revenue fluctuate?
LINC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Lincoln Educational Services Corporation's revenue data from 2001 to 2026 shows full historical quarterly detail on this page.
How is LINC's revenue distributed by segment?
LINC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LINC's revenue compare to industry peers?
Lincoln Educational Services Corporation (LINC) with TTM revenue of $571M and +22.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.