Lincoln National Corporation (LNC) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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LNC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
LNC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 57.3% | 7.3% | 6.5% |
| 2024 | 25.5% | 22.4% | 18.2% |
| 2023 | 0.4% | -9.8% | -6.4% |
| 2022 | 12.9% | 9.1% | 7.2% |
| 2021 | 22.2% | 26.4% | 21.5% |
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Lincoln National Corporation (LNC) Earnings Overview
As of May 8, 2026, Lincoln National Corporation (LNC) reported trailing twelve-month net income of $1.73B, reflecting -68.3% year-over-year growth. The company earned $5.84 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% |
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Start ComparisonLNC — Frequently Asked Questions
Quick answers to the most common questions about buying LNC stock.
Is LNC growing earnings?
LNC EPS fell to $5.84, with earnings declining -68.3%. This contrasts with the 5-year CAGR of +17.8%. TTM net income dropped to $1.7B.
What are LNC's profit margins?
Lincoln National Corporation net margin is +6.5%, with operating margin at +7.3%. Margins sit within typical range for the sector.
How consistent are LNC's earnings?
LNC earnings data spans 1989-2025. The declining earnings trend is -68.3% YoY. Historical data enables comparison across business cycles.