LNC
Lincoln National Corporation
NYSE: LNC · FINANCIAL SERVICES · INSURANCE - LIFE
$36.98
-1.07% today
Updated 2026-04-29
Market cap
$7.07B
P/E ratio
6.34
P/S ratio
0.39x
EPS (TTM)
$5.83
Dividend yield
4.82%
52W range
$30 – $46
Volume
2.3M
Lincoln National Corporation (LNC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.96B | $10.47B | $9.22B | $8.50B | $10.41B | $10.64B | $11.54B | $11.96B | $13.59B | $13.57B | $13.33B | $14.26B | $16.42B | $17.25B | $17.58B | $17.61B | $18.78B | $11.71B | $17.99B | $18.21B |
| Revenue growth (YoY) | — | +16.9% | -11.9% | -7.9% | +22.5% | +2.2% | +8.4% | +3.7% | +13.6% | -0.2% | -1.7% | +7.0% | +15.2% | +5.1% | +1.9% | +0.1% | +6.7% | -37.7% | +53.6% | +1.2% |
| Cost of revenue | $6.96B | $8.28B | $8.70B | $8.09B | $7.28B | $7.31B | $7.74B | $8.08B | $9.28B | $9.83B | $9.51B | $9.82B | $11.26B | $13.15B | $14.12B | $13.71B | $13.77B | $11.66B | $13.39B | $7.77B |
| Gross profit | $2.00B | $2.19B | $525.00M | $406.00M | $3.14B | $3.33B | $3.79B | $3.88B | $4.31B | $3.74B | $3.82B | $4.43B | $16.42B | $4.11B | $3.46B | $3.90B | $18.78B | $50.00M | $4.60B | $10.44B |
| Gross margin | 22.3% | 20.9% | 5.7% | 4.8% | 30.1% | 31.3% | 32.9% | 32.5% | 31.7% | 27.5% | 28.6% | 31.1% | 100.0% | 23.8% | 19.7% | 22.2% | 100.0% | 0.4% | 25.5% | 57.3% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | $3.16B | $0.00 | $1.41B | $1.42B | $1.56B | $1.63B | $1.64B | $1.70B | $1.69B | $1.77B | $1.95B | $2.21B | $2.07B | $2.25B | $2.75B | $2.54B | $2.74B | $2.65B |
| Operating income | $1.78B | $1.87B | $-137.00M | $-521.00M | $1.14B | $503.00M | $1.57B | $1.63B | $2.00B | $1.43B | $1.46B | $1.13B | $2.18B | $919.00M | $423.00M | $4.64B | $-2.81B | $-1.15B | $4.02B | $1.34B |
| Operating margin | 19.8% | 17.9% | -1.5% | -6.1% | 10.9% | 4.7% | 13.6% | 13.6% | 14.7% | 10.5% | 10.9% | 7.9% | 13.3% | 5.3% | 2.4% | 26.4% | -15.0% | -9.8% | 22.4% | 7.3% |
| EBITDA | $2.06B | $2.08B | $68.00M | $-400.00M | $1.43B | $801.00M | $1.84B | $1.90B | $2.27B | $1.71B | $1.79B | $1.39B | $2.19B | $1.27B | $744.00M | $4.96B | $6.38B | $-773.00M | $4.45B | $1.56B |
| EBITDA margin | 23.0% | 19.8% | 0.7% | -4.7% | 13.7% | 7.5% | 16.0% | 15.9% | 16.7% | 12.6% | 13.5% | 9.7% | 13.3% | 7.4% | 4.2% | 28.2% | 34.0% | -6.6% | 24.8% | 8.6% |
| EBIT | $2.00B | $2.16B | $144.00M | $-324.00M | $1.43B | $797.00M | $1.84B | $1.90B | $2.26B | $1.70B | $1.79B | $1.38B | $2.18B | $1.25B | $707.00M | $4.91B | $-2.81B | $-817.00M | $4.36B | — |
| Interest expense | $224.00M | $284.00M | $281.00M | $197.00M | $291.00M | $294.00M | $273.00M | $265.00M | $267.00M | $272.00M | $331.00M | $253.00M | $297.00M | $326.00M | $284.00M | $270.00M | $283.00M | $331.00M | $336.00M | $227.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.32B | $1.22B | $57.00M | $-485.00M | $902.00M | $221.00M | $1.31B | $1.24B | $1.51B | $1.15B | $1.19B | $2.08B | $1.64B | $886.00M | $499.00M | $3.78B | $-2.23B | $-752.00M | $3.27B | $1.18B |
| Net income growth (YoY) | — | -7.7% | -95.3% | -950.9% | +286.0% | -75.5% | +494.1% | -5.3% | +21.8% | -23.8% | +3.3% | +74.4% | -21.1% | -46.0% | -43.7% | +657.1% | -158.9% | +66.2% | +535.5% | -64.1% |
| Profit margin | 14.7% | 11.6% | 0.6% | -5.7% | 8.7% | 2.1% | 11.4% | 10.4% | 11.1% | 8.5% | 8.9% | 14.6% | 10.0% | 5.1% | 2.8% | 21.5% | -11.9% | -6.4% | 18.2% | 6.5% |