Lincoln National financials
$40.88−1.94%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.54B | $5.31B | $4.92B | $4.55B | $4.04B | $4.69B | $5.06B | $4.11B | $5.15B | $4.12B | $699.0M | $4.20B |
| Gross profit | $2.62B | $3.25B | $2.95B | $2.63B | $2.05B | $2.62B | $3.09B | $2.17B | $3.15B | $2.13B | $1.20B | $2.05B |
| Gross margin | 57.7% | 61.3% | 59.9% | 57.7% | 50.7% | 55.9% | 61.1% | 52.9% | 61.0% | 51.6% | 171.1% | 48.8% |
| Operating income | $1.67B | -$211.0M | $951.0M | $604.0M | $747.0M | -$928.0M | $2.16B | -$667.0M | $1.18B | $1.61B | -$1.53B | $1.12B |
| Net income | $1.32B | -$206.0M | $743.0M | $411.0M | $688.0M | -$756.0M | $1.68B | -$562.0M | $884.0M | $1.19B | -$1.25B | $819.0M |
| Net margin | 29.1% | −3.9% | 15.1% | 9.0% | 17.0% | −16.1% | 33.2% | −13.7% | 17.2% | 28.9% | −178.1% | 19.5% |
| Diluted EPS | $6.72 | $-1.10 | $3.81 | $2.12 | $3.80 | $-4.41 | $9.61 | $-3.29 | $5.11 | $6.93 | $-7.28 | $4.79 |
| EBITDA | $1.67B | -$211.0M | $951.0M | $604.0M | $747.0M | -$928.0M | $2.16B | -$667.0M | $1.18B | $1.61B | -$1.53B | $1.12B |
| Operating cash flow | -$558.0M | $138.0M | $233.0M | -$558.0M | $1.01B | -$272.0M | $222.0M | $123.0M | -$1.01B | -$1.34B | -$1.87B | $653.0M |
| Free cash flow | -$2.01B | -$1.25B | -$1.22B | -$1.36B | -$1.0M | -$1.19B | -$826.0M | -$843.0M | -$2.57B | -$1.91B | -$1.87B | $653.0M |
| Diluted shares | 196.4M | 196.5M | 195.3M | 194.3M | 180.6M | 174.1M | 174.7M | 172.8M | 172.9M | 171.8M | 171.1M | 170.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.16B | $7.34B | $9.50B | $10.67B | $7.14B | $4.28B |
| Short-term investments | $188.25B | $172.04B | $180.09B | $179.86B | $172.94B | $162.51B |
| Total debt | $16.10B | $12.93B | $14.22B | $16.93B | $14.23B | $14.15B |
| Total assets | $429.80B | $406.16B | $417.20B | $415.27B | $399.06B | $382.90B |
| Total liabilities | $418.45B | $395.95B | $406.30B | $404.82B | $389.52B | $374.70B |
| Shareholders' equity | $11.35B | $10.21B | $10.91B | $10.45B | $9.55B | $8.19B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology