Lincoln National Corporation (LNC) quarterly income statement — complete revenue, gross profit & net income history
Lincoln National Corporation (LNC) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 4.54B | 5.31B | 4.92B | 4.59B | 4.07B | 4.72B | 5.08B | 4.2B | 4.59B | 4.11B | 721M | 4.23B | 2.93B | 3.83B | 4.19B | 4.8B | 5.58B | 4.7B | 4.56B | 5.21B |
| Revenue Growth % | 11.73% | 12.51% | -3.19% | 9.36% | -11.5% | 14.66% | 605.13% | -0.66% | 56.65% | 7.31% | -82.81% | -11.96% | -47.45% | -18.46% | -8.01% | -7.87% | 15.01% | 4.19% | 6.62% | -1.53% |
| Medical Costs & Claims | 0 | 2.01B | 1.93B | 4.29B | 4.15B | 4.27B | 940M | 4.07B | 4.11B | 4.41B | -1.13B | 4.51B | 4.27B | 4.28B | 1.74B | 6.85B | 3.96B | 4.15B | 1.27B | 4.78B |
| Medical Cost Ratio % | 0% | 37.86% | 39.15% | 93.55% | 102.07% | 90.48% | 18.49% | 96.97% | 89.42% | 107.32% | -156.17% | 106.79% | 145.5% | 111.71% | 41.39% | 142.65% | 70.91% | 88.22% | 27.88% | 91.71% |
| Gross Profit | 4.54B | 3.3B | 3B | 296M | -84M | 449M | 4.14B | 127M | 486M | -301M | 1.85B | -287M | -1.33B | -449M | 2.46B | -2.05B | 1.62B | 554M | 3.29B | 432M |
| Gross Margin % | 100% | 62.14% | 60.85% | 6.45% | -2.07% | 9.52% | 81.51% | 3.03% | 10.58% | -7.32% | 256.17% | -6.79% | -45.5% | -11.71% | 58.61% | -42.65% | 29.09% | 11.78% | 72.12% | 8.29% |
| Gross Profit Growth % | 5507.14% | 634.3% | -27.73% | 133.07% | -117.28% | 249.17% | 124.36% | 144.25% | 136.43% | 32.96% | -24.86% | 85.98% | -182.19% | -181.05% | -25.24% | -573.84% | 89.16% | 74.21% | 21.51% | -9.24% |
| Operating Expenses | 2.9B | 3.54B | 2.08B | -228M | -932M | 1.4B | 2.04B | 830M | -610M | -1.83B | 3.46B | -1.32B | -1.94B | 721M | 2.49B | 79M | 591M | -1.28B | 3.05B | 64M |
| OpEx / Revenue % | 63.83% | 66.77% | 42.26% | -4.97% | -22.93% | 29.64% | 40.2% | 19.77% | -13.28% | -44.47% | 480.03% | -31.26% | -66.03% | 18.81% | 59.44% | 1.65% | 10.59% | -27.25% | 66.94% | 1.23% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 63.83% | 104.64% | 81.41% | 88.59% | 79.14% | 120.12% | 58.69% | 116.75% | 76.14% | 62.85% | 323.86% | 75.53% | 79.47% | 130.52% | 100.83% | 144.29% | 81.5% | 60.97% | 94.82% | 92.94% |
| Operating Income | 1.64B | -246M | 915M | 524M | 848M | -949M | 2.1B | -703M | 1.1B | 1.53B | -1.61B | 1.03B | 602M | -1.17B | -35M | -2.13B | 1.03B | 1.83B | 236M | 368M |
| Operating Margin % | 36.17% | -4.64% | 18.59% | 11.41% | 20.86% | -20.12% | 41.31% | -16.75% | 23.86% | 37.15% | -223.86% | 24.47% | 20.53% | -30.52% | -0.83% | -44.29% | 18.5% | 39.03% | 5.18% | 7.06% |
| Operating Income Growth % | 93.75% | 74.08% | -56.43% | 174.54% | -22.63% | -162.11% | 230.11% | -167.99% | 82.06% | 230.6% | -4511.43% | 148.64% | -41.67% | -163.76% | -114.83% | -677.72% | 33.68% | 600.38% | 165.17% | -20% |
| EBITDA | 1.73B | -165M | 996M | 603M | 848M | -869M | 2.18B | -617M | 1.18B | 1.61B | -1.53B | 1.12B | 686M | -1.09B | 43M | -2.06B | 1.1B | 1.9B | 302M | 441M |
| EBITDA Margin % | 37.98% | -3.11% | 20.24% | 13.13% | 20.86% | -18.43% | 42.94% | -14.7% | 25.73% | 39.12% | -212.62% | 26.46% | 23.4% | -28.36% | 1.03% | -42.81% | 19.72% | 40.44% | 6.62% | 8.46% |
| Interest Expense | 82M | 81M | 81M | 79M | 0 | 80M | 83M | 86M | 86M | 81M | 81M | 84M | 84M | 83M | 78M | 71M | 68M | 66M | 66M | 73M |
| Non-Operating Income | -82M | -81M | -81M | -79M | 0 | -80M | -83M | -86M | -86M | -81M | -81M | -84M | -84M | -83M | -78M | -71M | -68M | -66M | -66M | -73M |
| Pretax Income | 1.64B | -246M | 915M | 524M | 848M | -949M | 2.1B | -703M | 1.1B | 1.53B | -1.61B | 1.03B | 602M | -1.17B | -35M | -2.13B | 1.03B | 1.83B | 236M | 368M |
| Pretax Margin % | 36.17% | -4.64% | 18.59% | 11.41% | 20.86% | -20.12% | 41.31% | -16.75% | 23.86% | 37.15% | -223.86% | 24.47% | 20.53% | -30.52% | -0.83% | -44.29% | 18.5% | 39.03% | 5.18% | 7.06% |
| Income Tax | 311M | -74M | 161M | 79M | 149M | -227M | 413M | -175M | 201M | 306M | -379M | 181M | 91M | -289M | -41M | -350M | 192M | 353M | 16M | 50M |
| Effective Tax Rate % | 18.93% | 30.08% | 17.6% | 15.08% | 17.57% | 23.92% | 19.67% | 24.89% | 18.34% | 20.03% | 23.48% | 17.5% | 15.12% | 24.7% | 117.14% | 16.46% | 18.6% | 19.24% | 6.78% | 13.59% |
| Net Income | 1.33B | -172M | 754M | 445M | 699M | -722M | 1.69B | -528M | 895M | 1.22B | -1.24B | 853M | 511M | -881M | 6M | -1.78B | 840M | 1.48B | 220M | 318M |
| Net Margin % | 29.33% | -3.24% | 15.32% | 9.69% | 17.2% | -15.31% | 33.18% | -12.58% | 19.49% | 29.71% | -171.29% | 20.18% | 17.43% | -22.98% | 0.14% | -37% | 15.06% | 31.53% | 4.83% | 6.1% |
| Net Income Growth % | 90.56% | 76.18% | -55.31% | 184.28% | -21.9% | -159.08% | 236.6% | -161.9% | 75.15% | 238.71% | -20683.33% | 148.03% | -39.17% | -159.45% | -97.27% | -658.49% | 30.84% | 558.67% | 53.85% | -20.1% |
| EPS (Diluted) | 6.72 | -0.88 | 3.80 | 2.12 | 3.81 | -4.41 | 9.63 | -3.29 | 5.11 | 6.93 | -7.34 | 4.79 | 2.94 | -5.20 | 4.76 | -15.08 | 1.39 | 0.60 | 1.20 | 1.68 |
| EPS Growth % | 76.38% | 80.05% | -60.54% | 164.44% | -25.44% | -163.64% | 231.2% | -168.68% | 73.81% | 233.27% | -254.2% | 131.76% | 111.51% | -966.67% | 296.67% | -997.62% | -58.38% | -48.28% | 62.16% | -16.42% |
| EPS (Basic) | 6.85 | -0.90 | 3.90 | 2.15 | 3.88 | -4.41 | 9.80 | -3.29 | 5.18 | 6.99 | -7.34 | 4.83 | 2.96 | -5.20 | 4.80 | -15.21 | 1.39 | 0.61 | 1.24 | 1.70 |
| Diluted Shares Outstanding | 196.42M | 196.3M | 196.3M | 194.3M | 180.6M | 174.09M | 174M | 173.6M | 171.1M | 171.1M | 169.66M | 170.89M | 170.5M | 169.36M | 170.63M | 170.66M | 171.56M | 173.76M | 183.33M | 188.1M |