Lincoln National Financial Statements
NYSE: LNCFinanceLife InsuranceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lincoln National revenue and earnings
In fiscal 2025, Lincoln National generated $18.21 billion in revenue, down 1.2% from fiscal 2024, its first annual decline since 2023. Net income was $1.18 billion (-64.1% year over year), for a net margin of 6.5% versus a median of 7.2% in the prior 5 years. Diluted earnings per share came in at $5.83, down from $18.41.
Over the last 5 fiscal years, LNC's revenue has grown at a 0.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lincoln National income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.21B | 18.44B | 11.64B | 18.81B | 17.71B | 17.44B | 17.26B | 16.42B | 14.26B | 13.33B |
| Revenue growth (YoY) | -1.25% | +58.37% | -38.09% | +6.18% | +1.58% | +1.05% | +5.08% | +15.20% | +6.95% | -1.78% |
| Operating Expenses | 16.87B | 14.42B | 12.79B | 17.09B | 13.07B | 17.02B | 16.34B | 14.54B | 13.13B | 11.87B |
| Interest Expense | 227.00M | 336.00M | 331.00M | 283.00M | 270.00M | 284.00M | 326.00M | 297.00M | 253.00M | 331.00M |
| Pretax Income | 1.34B | 4.02B | -1.15B | 1.73B | 4.64B | 423.00M | 919.00M | 1.89B | 1.13B | 1.46B |
| Income Tax | 161.00M | 747.00M | -396.00M | 367.00M | 865.00M | -76.00M | 33.00M | 244.00M | -949.00M | 266.00M |
| Net Income | 1.18B | 3.27B | -752.00M | 1.36B | 3.78B | 499.00M | 886.00M | 1.64B | 2.08B | 1.19B |
| Net Income growth (YoY) | -64.06% | — | -155.38% | -64.06% | +657.11% | -43.68% | -46.01% | -21.07% | +74.41% | +3.29% |
| EPS (Basic) | 5.94 | 18.66 | -4.92 | 7.93 | 20.17 | 2.58 | 4.41 | 7.60 | 9.36 | 5.09 |
| EPS (Diluted) | 5.83 | 18.41 | -4.92 | 7.78 | 19.96 | 2.56 | 4.38 | 7.40 | 9.22 | 5.03 |
| Shares Outstanding (Basic) | 182.67M | 170.60M | 169.56M | 171.03M | 187.36M | 193.61M | 200.61M | 215.94M | 222.13M | 234.18M |
| Shares Outstanding (Diluted) | 186.06M | 173.08M | 170.74M | 172.70M | 189.64M | 194.47M | 202.11M | 219.55M | 226.22M | 236.83M |
| Net Margin | 6.46% | 17.76% | -6.46% | 7.22% | 21.33% | 2.86% | 5.13% | 9.99% | 14.58% | 8.94% |
This table shows 10 annual periods of Lincoln National's income statement, from FY 2025 back to FY 2016, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow LNC's reporting calendar. What is a income statement?