Lincoln National Corporation (LNC) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Lincoln National Corporation (LNC) Earnings Overview
As of June 22, 2026, Lincoln National Corporation (LNC) reported trailing twelve-month net income of $1.73B, reflecting -68.3% year-over-year growth. The company earned $8.79 per diluted share over the past four quarters, with a net profit margin of 6.5%.
Looking at the long-term picture, LNC's 5-year EPS compound annual growth rate (CAGR) stands at +17.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.78B in fiscal 2021.
Lincoln National Corporation maintains positive profitability with a gross margin of 57.3%, operating margin of 7.3%, and net margin of 6.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PRU ($3.48B net income, 5.9% margin), MET ($3.62B net income, 4.4% margin), UNM ($781M net income, 5.7% margin), LNC has outperformed on profitability metrics. Compare LNC vs PRU →
LNC Earnings vs Peers
Earnings metrics vs comparable public companies
LNC Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.18B | -64.1% | $1.34B | $5.84 | 6.5% | 7.3% |
| 2024 | $3.27B | +535.5% | $4.02B | $18.41 | 18.2% | 22.4% |
| 2023 | -$752M | -155.4% | -$1.15B | $-4.92 | -6.4% | -9.8% |
| 2022 | $1.36B | -64.1% | $1.73B | $7.78 | 7.2% | 9.1% |
| 2021 | $3.78B | +657.1% | $4.64B | $7.43 | 21.5% | 26.4% |
| 2020 | $499M | -43.7% | $423M | $2.57 | 2.8% | 2.4% |
| 2019 | $886M | -46.0% | $919M | $4.38 | 5.1% | 5.3% |
| 2018 | $1.64B | -21.1% | $1.89B | $7.47 | 10.0% | 11.5% |
| 2017 | $2.08B | +74.4% | $1.13B | $9.22 | 14.6% | 7.9% |
| 2016 | $1.19B | +3.3% | $1.46B | $5.03 | 8.9% | 10.9% |
| 2015 | $1.15B | -23.8% | $1.43B | $4.51 | 8.5% | 10.5% |
| 2014 | $1.51B | +21.8% | $2.00B | $5.67 | 11.1% | 14.7% |
| 2013 | $1.24B | -5.3% | $1.63B | $4.52 | 10.4% | 13.6% |
| 2012 | $1.31B | +494.1% | $1.57B | $4.56 | 11.4% | 13.6% |
| 2011 | $221M | -75.5% | $503M | $0.93 | 2.1% | 4.7% |
| 2010 | $902M | +286.0% | $1.14B | $3.07 | 8.7% | 10.9% |
| 2009 | -$485M | -950.9% | -$521M | $-1.70 | -5.7% | -6.1% |
| 2008 | $57M | -95.3% | -$137M | $0.22 | 0.6% | -1.5% |
| 2007 | $1.22B | -7.7% | $1.87B | $4.43 | 11.6% | 17.9% |
| 2006 | $1.32B | +58.4% | $1.78B | $5.13 | 14.7% | 19.8% |
| 2005 | $831M | +17.5% | $1.07B | $4.72 | 15.2% | 19.6% |
| 2004 | $707M | +38.1% | $1.04B | $3.95 | 13.2% | 19.3% |
| 2003 | $512M | +458.9% | $1.05B | $2.85 | 9.7% | 19.8% |
| 2002 | $92M | -83.2% | $2.86B | $0.48 | 2.0% | 61.7% |
| 2001 | $546M | -6.8% | $4.24B | $2.85 | 8.6% | 66.5% |
| 2000 | $585M | +27.1% | $4.39B | $3.03 | 8.5% | 64.1% |
| 1999 | $460M | -9.7% | $570M | $2.30 | 6.8% | 8.4% |
| 1998 | $510M | -45.4% | $697M | $2.51 | 8.4% | 11.5% |
| 1997 | $934M | +81.9% | $35M | $4.49 | 19.1% | 0.7% |
| 1996 | $514M | +6.5% | $504M | $2.44 | 10.8% | 10.6% |
| 1995 | $482M | +37.8% | $627M | $2.32 | 7.3% | 9.4% |
| 1994 | $350M | +9.7% | $376M | $1.69 | 5.0% | 5.4% |
| 1993 | $319M | -12.1% | $6.22B | $1.55 | 3.8% | 75.0% |
| 1992 | $363M | +74.1% | $6.13B | $1.96 | 4.5% | 76.2% |
| 1991 | $208M | +8.8% | $7.08B | $1.15 | 2.3% | 77.2% |
| 1990 | $192M | -28.8% | $6.55B | $1.08 | 2.3% | 77.1% |
| 1989 | $269M | - | $6.26B | $1.52 | 3.3% | 77.4% |
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LNC — Frequently Asked Questions
Quick answers to the most common questions about buying LNC stock.
What is LNC earnings per share (EPS)?
LNC trailing twelve-month (TTM) diluted EPS is $8.79, reflecting -68.3% year-over-year growth. The 5-year EPS CAGR is +17.8%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Lincoln National Corporation's net income?
Lincoln National Corporation (LNC) trailing twelve-month net income is $1.7B as of 2025. Earnings declined -68.3% year-over-year. Lincoln National Corporation has been profitable for 2 consecutive years.
Is LNC profitable?
Yes, LNC is profitable with a TTM net income of $1.7B and a net profit margin of +6.5%. Lincoln National Corporation has generated profits for 2 consecutive years.
What is LNC's earnings growth rate?
LNC compound annual EPS growth rates (CAGR): 1-Year: -68.3%, 3-Year: -9.1%, 5-Year: +17.8%, 10-Year: +2.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are LNC's profit margins?
Lincoln National Corporation net profit margin is +6.5%, operating margin is +7.3%, and gross margin is +57.3%. Margins are within a typical range for the sector. Return on Equity is +12.3%.
Is LNC growing earnings?
LNC earnings are declining — EPS fell -68.3% year-over-year. TTM net income dropped to $1.7B. This contrasts with the 5-year CAGR of +17.8%.
What was LNC's best earnings year?
Lincoln National Corporation's highest annual net income on record is $3.8B, achieved in fiscal year 2021. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were LNC's earnings last quarter?
LNC's most recent reported quarter was Q1 2026. Net income was $-172M with diluted EPS of $-0.88. For a full breakdown of all quarters, see the quarterly earnings table on this page.