Financials in USD. Standardized financial statements.
A compact view of how Lincoln National Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $18.21B | $17.99B | $11.71B | $18.93B | $17.61B | $17.58B | $17.25B | $16.42B | $14.26B | $13.33B |
| Revenue Growth? | +1.2% | +53.6% | -38.1% | +7.5% | +0.1% | +1.9% | +5.1% | +15.2% | +7.0% | 0.0% |
| Cost of Revenue? | $7.77B | $13.39B | $11.66B | $16.50B | $13.71B | $14.12B | $13.15B | $11.72B | $9.82B | $9.51B |
| Gross Profit? | $10.44B | $4.60B | $50.00M | $2.43B | $3.90B | $3.46B | $4.11B | $4.70B | $4.43B | $3.82B |
| Gross Margin? | +57.3% | +25.5% | +0.4% | +12.9% | +22.2% | +19.7% | +23.8% | +28.6% | +31.1% | +28.6% |
| Operating Expenses? | $9.11B | $574.00M | $1.20B | $709.00M | -$743.00M | $3.04B | $3.19B | $2.81B | $3.30B | $2.36B |
| Operating Income? | $1.34B | $4.02B | -$1.15B | $1.73B | $4.64B | $423.00M | $919.00M | $1.89B | $1.13B | $1.46B |
| EBITDA? | $1.56B | $4.45B | -$773.00M | $2.07B | $4.96B | $744.00M | $1.27B | $2.19B | $1.39B | $1.79B |
| Income Before Tax | $1.34B | $4.02B | -$1.15B | $1.73B | $4.64B | $423.00M | $919.00M | $1.89B | $1.13B | $1.46B |
| Income Tax Expense | $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 |
| EPS? | $5.95 | $18.66 | $-4.92 | $7.94 | $20.16 | $2.58 | $4.42 | $7.60 | $9.36 | $5.09 |
| Diluted EPS? | $5.84 | $18.41 | $-4.92 | $7.78 | $7.43 | $2.57 | $4.38 | $7.47 | $9.22 | $5.03 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality