Accessibility Menu
Lincoln National logo

Lincoln National(NYSE) LNC

Market Cap$8.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1969)+9,608%
5 Year-2%
1 Year+31%
1 Month+26%
$46.04
+0.94%
+0.43Today
Lincoln National last closing stock price
MetricPriceDate
Last closeUSD 46.092026-08-03
Lincoln National stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+11.87%USD 41.202026-07-27
1 month+26%USD 36.582026-07-02
3 month+24.19%USD 37.112026-05-05
Year to date+7.17%USD 43.012025-12-31
1 year+30.91%USD 35.212025-08-01
3 year+102.22%USD 22.792023-08-04
5 year-2.31%USD 47.182021-08-04
Since inception+9,608.4%USD 0.471969-08-20

Lincoln National Financials at a Glance

Market Cap

$8.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$19.36B

Net Income (TTM)

$2.36B

EPS (TTM)

$11.56

P/E Ratio

3.99

Dividend

$1.80

Beta (Volatility)

1.49 (Average)

Price

$46.04

Volume

41

Open

$45.88

Previous Close

$46.09

Daily Range

$45.69 - $46.25

52-Week Range

$32.18 - $46.82

Estimated Earnings Date

Oct 29, 2026

LNC News

TMF-Wall-Street-Sign-Green-StockVStock.png

Lincoln National vs. MetLife: Which Financial Stock Is a Better Buy in 2026?

Pamela KockJun 9, 2026
Yield with coins

Billionaire Bill Miller Beat the S&P 500 for 15 Consecutive Years. Here Are His Fund's Top 3 Ultra-High-Yield Dividend Stocks Now.

Keith SpeightsMay 17, 2026
Foolcom-Featured.png

Lincoln National (LNC) Q2 EPS Jumps 26%

Motley Fool Markets TeamAug 1, 2025
couple retirement financial planning investing happy

Is Now the Time to Buy This Cheap, 6%-Yielding Dividend Stock Down 55% Since 2022?

Courtney CarlsenApr 10, 2024
Older man stressed holding document at laptop

This Insurer Just Got Booted From the S&P 500: Here's Why

Courtney CarlsenSep 22, 2023
couple retirement financial planning investing happy

Is This Dividend Stock's 8.6% Yield Sustainable?

Courtney CarlsenApr 13, 2023
A business person sitting outside

Why Lincoln National Stock Fell 21.1% in December

Dave KovaleskiJan 4, 2023
A business person sitting outside

Why Lincoln National Stock Dropped 17.8% This Week

Dave KovaleskiDec 9, 2022
Page 1

LNC: Motley Fool Moneyball Superscore

54

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Lincoln National

Lincoln helps people save for retirement and protect their families from financial loss. The company provides insurance and income plans to individuals and business employees. Its services help simplify complex financial decisions like long-term care and disability coverage.

The Product Portfolio

  • Annuities: Investment products that provide tax-deferred growth and lifetime income flows to help clients manage retirement funds.
  • Life Insurance: Term and universal policies that offer death benefits, wealth protection, and riders for long-term care needs.
  • Group Protection: Workplace benefits including disability, accident, dental, and vision insurance sold to employers of all sizes.
  • Retirement Plan Services: Savings programs like 401(k) and 403(b) plans that include recordkeeping and investment management for organizations.

Strategic Moves and Growth

  • Launched new Lincoln WealthBuilder and Lincoln WealthProtector indexed universal life products in 2025 and early 2026 to expand the insurance suite.
  • Sold the retail wealth management business, Lincoln Financial Network, in May 2024 to refine the company's core operational focus.
  • Established Lincoln Pinehurst Reinsurance Company in Bermuda to manage capital efficiency and support the variable annuity hedge program.
  • Introduced the Lincoln ProtectedPay lifetime income suite to provide guaranteed withdrawal benefits within the annuities segment.

What Makes the Business Stand Out

Lincoln maintains a large distribution network of approximately 450 internal and external wholesalers to reach financial advisors and consultants. The company uses specialized technology like LincXpress to speed up the insurance application and underwriting process for customers.

Lincoln by the Numbers

  • Revenue was $4.9 billion in Q4 2025, down 3.2% from $5.1 billion in Q4 2024.
  • Net income hit $754 million in Q4 2025, down 55.3% from $1.7 billion in Q4 2024.
  • Operating cash flow reached $233 million in Q4 2025, up 5% from $222 million in Q4 2024.
  • Market capitalization grew to $8.5 billion in Q4 2025, up 57% from $5.4 billion in Q4 2024.

Bottom Line

Lincoln has shifted its focus toward capital-efficient products and streamlined its distribution model by divesting its retail wealth business. This evolution emphasizes core strengths in life insurance, annuities, and workplace benefits to navigate changing market conditions.

AI Generated • Apr 22, 2026

Industry

Insurance

Sector

Financials

Employees

9,423

CEO

Ellen Gail Cooper, CFA

Website

www.lincolnfinancial.com

Headquarters

Radnor, PA 19087, US

LNC Financials

Key Financial Metrics (TTM)

Gross Margin

47.16%

Operating Margin

14.65%

Net Income Margin

12.18%

Return on Equity

21.99%

Return on Capital

7.72%

Return on Assets

0.55%

Earnings Yield

25.06%

Dividend Yield

3.91%

Payout Ratio

17.42%

Stock Overview

Market Cap

$8.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

191.45M

Volume

41

Avg. Volume

1.96M

Financials (TTM)

Gross Profit

$9.13B

Operating Income

$2.84B

EBITDA

$2.85B

Operating Cash Flow

-$1.33B

Capital Expenditure

$0.00

Free Cash Flow

-$1.33B

Cash & ST Invst.

$10.17B

Total Debt

$6.87B

Lincoln National Performance Analysis

Lincoln National annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 19,248,000,0000.3%
20232023-12-31USD 14,061,000,000-26.9%
20242024-12-31USD 20,727,000,00047.4%
20252025-12-31USD 18,789,000,000-9.4%
Lincoln National sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3012.9%
Q42025-12-317.2%
Q12026-03-317.8%
Q22026-06-30-14.4%
Lincoln National annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 7.946.9%
20232023-12-31USD -4.92N/A
20242024-12-31USD 18.41N/A
20252025-12-31USD 5.84-68.3%
Lincoln National sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-44.4%
Q42025-12-3179.2%
Q12026-03-31-123.2%
Q22026-06-30863.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$4.54B

+11.7%

Gross Profit

$2.54B

+3126.2%

Gross Margin

55.97%

N/A

Market Cap

$8.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$936.41K

N/A

Employees

9,423

N/A

Net Income

$1.33B

+90.6%

EBITDA

$1.41B

+66.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$10.17B

-74.8%

Total Debt

$6.87B

+19.0%

Accounts Receivable

$28.39B

-4.0%

Inventory

$0.00

N/A

Long Term Debt

$6.47B

+12.1%

Short Term Debt

$400.00M

N/A

Return on Assets

0.55%

N/A

Return on Invested Capital

0.66%

N/A

Free Cash Flow

-$558.00M

-155.1%

Operating Cash Flow

-$558.00M

-155.1%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
JXNJackson Financial Inc.
$126.17+3.18%
VOYAVoya Financial, Inc.
$100.07+0.64%
PRIPrimerica, Inc.
$317.25-0.85%
AXSAXIS Capital Holdings Limited
$105.87+0.52%

Trending Stocks

Symbol / CompanyPricePrice Chg
NOKNokia
$9.36+0.02%
MUUDirexion Shares ETF Trust - Direxion Daily Mu Bull 2x Shares
$23.99+0.01%
PLTRPalantir Technologies
$125.65+0.02%
TQQQProShares Trust - ProShares UltraPro Qqq
$67.96+0.05%

Questions About LNC

What is the current price of Lincoln National?

Lincoln National is trading at $46.09 per share.

What is the 52-week range for Lincoln National?

Over the past 52 weeks, Lincoln National has traded between $32.18 and $46.82.

How much debt does Lincoln National have?

As of the most recent reporting period, Lincoln National reported total debt of $6.87B.

How much cash does Lincoln National have on hand?

Lincoln National reported $10.17B in cash and cash equivalents in its most recent financial results.

What is Lincoln National’s dividend yield?

Lincoln National currently has a dividend yield of 3.91%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services