# Lincoln National Corp: overview

LNC · NYSE · CIK 59558 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/lnc.md) · [Financials](/companies/lnc/financials.md) · [Filings](/companies/lnc/filings.md) · [Insiders](/companies/lnc/insiders.md)

Latest reported revenue: [$4.54bn](/filings/0000059558-26-000060.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:Revenues, accession 0000059558-26-000060).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,111](/filings/0000059558-25-000093.md) | [5,062 d](/filings/0000059558-26-000016.md) | [4,691](/filings/0000059558-26-000035.md) | [4,044](/filings/0000059558-26-000060.md) | [4,555](/filings/0000059558-25-000093.md) | [4,922 d](/filings/0000059558-26-000016.md) | [5,306](/filings/0000059558-26-000035.md) | [4,542](/filings/0000059558-26-000060.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(12.8%)](/filings/0000059558-25-000093.md) | [33.3% d](/filings/0000059558-26-000016.md) | [(15.4%)](/filings/0000059558-26-000035.md) | [17.3%](/filings/0000059558-26-000060.md) | [9.8%](/filings/0000059558-25-000093.md) | [15.3% d](/filings/0000059558-26-000016.md) | [(3.2%)](/filings/0000059558-26-000035.md) | [29.3%](/filings/0000059558-26-000060.md) |
| Diluted EPS | $ per share | [(3.29)](/filings/0000059558-25-000093.md) | not reported | [(4.41)](/filings/0000059558-26-000035.md) | [3.80](/filings/0000059558-26-000060.md) | [2.12](/filings/0000059558-25-000093.md) | not reported | [(1.10)](/filings/0000059558-26-000035.md) | [6.72](/filings/0000059558-26-000060.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [17.7](/filings/0000059558-24-000013.md) | [18.8](/filings/0000059558-25-000023.md) | [11.6](/filings/0000059558-26-000016.md) | [18.4](/filings/0000059558-26-000016.md) | [18.2](/filings/0000059558-26-000016.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [21.3%](/filings/0000059558-24-000013.md) | [7.2%](/filings/0000059558-25-000023.md) | [(6.5%)](/filings/0000059558-26-000016.md) | [17.8%](/filings/0000059558-26-000016.md) | [6.5%](/filings/0000059558-26-000016.md) |
| Diluted EPS | $ per share | [19.96](/filings/0000059558-24-000013.md) | [7.78](/filings/0000059558-25-000023.md) | [(4.92)](/filings/0000059558-26-000016.md) | [18.41](/filings/0000059558-26-000016.md) | [5.83](/filings/0000059558-26-000016.md) |
| Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lnc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Bain Capital Prairie, LLC](/funds/2067353.md) | 2026-06-30 | $663.1m | 18,759,497 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $656.2m | 18,561,962 |  | Added +63,858 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $368.6m | 10,427,206 |  | Added +17,552 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $303.0m | 8,571,956 |  | Added +816,450 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $295.1m | 8,347,042 |  | Added +76,141 |
| [MASSACHUSETTS FINANCIAL SERVICES CO /MA/](/funds/912938.md) | 2026-06-30 | $226.6m | 6,373,067 |  | Added +491,735 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $215.9m | 6,106,302 |  | Added +215,007 |
| [JENNISON ASSOCIATES LLC](/funds/53417.md) | 2026-06-30 | $133.4m | 3,772,433 |  | Reduced −50,719 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $128.4m | 3,632,194 |  | Reduced −60,648 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $112.9m | 3,193,783 |  | Added +34,764 |

## Recent filings

[All 2,440 filings](/companies/lnc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-12 | 19:00 ET | [SCHEDULE 13D/A](/filings/0001193125-26-347363.md) | Ownership report, active investor, amended | 0001193125-26-347363 |
| 2026-08-10 | 07:01 ET | [8-K](/filings/0001193125-26-341190.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-341190 |
| 2026-07-30 | 14:05 ET | [10-Q](/filings/0000059558-26-000060.md) | Quarterly report, period 2026-06-30 | 0000059558-26-000060 |
| 2026-07-30 | 06:03 ET | [8-K](/filings/0000059558-26-000058.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000059558-26-000058 |
| 2026-06-29 | 16:17 ET | [8-K](/filings/0001193125-26-288480.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-288480 |
| 2026-06-01 | 08:00 ET | [8-K](/filings/0000059558-26-000038.md) | 5.07 Shareholder vote results | 0000059558-26-000038 |
| 2026-05-18 | 11:06 ET | [SCHEDULE 13D/A](/filings/0001193125-26-228280.md) | Ownership report, active investor, amended | 0001193125-26-228280 |
| 2026-05-07 | 16:23 ET | [10-Q](/filings/0000059558-26-000035.md) | Quarterly report, period 2026-03-31 | 0000059558-26-000035 |
| 2026-05-07 | 06:02 ET | [8-K](/filings/0000059558-26-000031.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000059558-26-000031 |
| 2026-04-20 | 15:46 ET | [SCHEDULE 13D](/filings/0001193125-26-163869.md) | Ownership report, active investor | 0001193125-26-163869 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000059558-26-000016.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/b2913c84-b5d4-4efd-89fd-0fac97e439ca)

## About the filer

- CIK: 59558
- Tickers: LNC, LNC-PD
- Exchange: NYSE
- SIC code: 6311 Life Insurance
- State of incorporation: IN
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 14:41 ET. No prices; not investment advice.