Lincoln National Corporation (LNC) — Financial statements
Income statement, balance sheet, and cash flow for Lincoln National Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 18,212↑1.2% | 17,989↑53.6% | 11,711↓38.1% | 18,929↑7.5% | 17,605 | |
| Cost of Revenue | 7,769↓42.0% | 13,393↑14.9% | 11,661↓29.3% | 16,495↑20.4% | 13,705 | |
| Gross Profit | 10,443↑127.2% | 4,596↑9092.0% | 50↓97.9% | 2,434↓37.6% | 3,900 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 2,738↑7.7% | 2,543↑5.7% | 2,407↑6.9% | 2,252 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 2,738↑7.7% | 2,543↑5.7% | 2,407↑6.9% | 2,252 | |
| Other Expenses | 9,105↑520.7% | -2,164↓60.9% | -1,345↑20.8% | -1,698↑43.3% | -2,995 | |
| Operating Expenses | 9,105↑1486.2% | 574↓52.1% | 1,198↑69.0% | 709↑195.4% | -743 | |
| Total Costs & Expenses | 16,874↑20.8% | 13,967↑8.6% | 12,859↓25.3% | 17,204↑32.7% | 12,962 | |
| Operating Results | ||||||
| Operating Income | 1,338↓66.7% | 4,022↑450.3% | -1,148↓166.6% | 1,725↓62.8% | 4,643 | |
| Depreciation & Amortization | 0.00↓100.0% | 96↑118.2% | 44↓32.3% | 65↑30.0% | 50 | |
| EBITDA | 1,565↓64.9% | 4,454↑676.2% | -773↓137.3% | 2,073↓58.2% | 4,963 | |
| EBIT | 1,565↓64.1% | 4,358↑633.4% | -817↓140.7% | 2,008↓59.1% | 4,913 | |
| Interest & Other Income | ||||||
| Net Interest Income | -227↑32.4% | -336↓1.5% | -331↓17.0% | -283↓4.8% | -270 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 227↓32.4% | 336↑1.5% | 331↑17.0% | 283↑4.8% | 270 | |
| Non-Operating Income | -227↑32.4% | -336↓1.5% | -331↓17.0% | -283↓4.8% | -270 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 1,338↓66.7% | 4,022↑450.3% | -1,148↓166.6% | 1,725↓62.8% | 4,643 | |
| Income Tax Expense | 161↓78.4% | 747↑288.6% | -396↓207.9% | 367↓57.6% | 865 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,177↓64.1% | 3,275↑535.5% | -752↓155.4% | 1,358↓64.1% | 3,778 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,177↓64.1% | 3,275↑535.5% | -752↓155.4% | 1,358↓64.1% | 3,778 | |
| Bottom-Line Net Income | 1,086↓65.9% | 3,187↑481.7% | -835↓162.1% | 1,345↓64.4% | 3,778 | |
| EPS (Basic) | 5.95↓68.1% | 18.66↑479.3% | -4.92↓162.0% | 7.94↓60.6% | 20.16 | |
| EPS (Diluted) | 5.84↓68.3% | 18.41↑474.2% | -4.92↓163.2% | 7.78↑4.7% | 7.43 | |
| Weighted Average Shares | 183↑6.9% | 171↑0.8% | 170↓0.9% | 171↓8.7% | 187 | |
| Weighted Average Diluted Shares | 186↑7.1% | 174↑2.5% | 170↓1.8% | 173↓8.7% | 189 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.