Lincoln National (LNC-PD) Gross Margin (2009 - 2026)
Lincoln National (LNC-PD) reported Gross Margin of 61.27% for Q1 2026, up 535.0% on a YoY basis from 9.65% in Q1 2025, and down 14.45% quarter-over-quarter from 71.62% in Q4 2025.
Lincoln National (LNC-PD) Gross Margin (2009 - 2026) Analysis & Trends
Lincoln National has reported Gross Margin for 18 years, with the latest figure at 61.27% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 535.0% year-over-year to 61.27%; the trailing twelve-month figure through Mar 2026 stood at 63.56% (down 3162.0% YoY), and the FY2025 full-year result was 69.76%, down 1863.0% from the prior year.
- Gross Margin for Q1 2026 stood at 61.27%, down from 71.62% in the prior quarter.
- The five-year high for Gross Margin was 385.55% in Q4 2023, with the low at 45.97% in Q1 2022.
- Historically, Gross Margin has averaged 69.04% across 5 years, with a median of 55.92% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin soared 41247 bps — and 2024, when it sank 21034 bps.
- Lincoln National's Gross Margin stood at 26.92% in 2022, then jumped by 1532 bps to 385.55% in 2023, then plunged by 55 bps to 175.21% in 2024, then tumbled by 59 bps to 71.62% in 2025, then slipped by 14 bps to 61.27% in 2026.
- The last three Gross Margin figures came in at 61.27% (Q1 2026), 71.62% (Q4 2025), and 68.96% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 568.62 Bn | 568.62 Bn | - | - |
| 2 | Aflac | 59.20 Bn | 53.55 Bn | 1.48 Bn | 44.65% |
| 3 | Metlife | 55.45 Bn | 39.51 Bn | 256.00 Mn | 2.11% |
| 4 | Unum | 14.44 Bn | 4.48 Bn | 1.40 Bn | 41.71% |
| 5 | Globe Life | 12.48 Bn | 11.80 Bn | 1.45 Bn | 92.71% |
| 6 | Primerica | 8.62 Bn | 8.62 Bn | 770.81 Mn | 88.33% |
| 7 | Jackson Financial | 7.51 Bn | 1.67 Bn | - | - |
| 8 | Lincoln National | 6.79 Bn | -8.89 Bn | 3.25 Bn | 61.27% |
| 9 | CNO Financial | 4.58 Bn | 4.24 Bn | 754.30 Mn | 73.26% |
| 10 | Lincoln National | - | - | 3.25 Bn | 61.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.27% |
| Dec 31, 2025 | 71.62% |
| Sep 30, 2025 | 68.96% |
| Jun 30, 2025 | 50.69% |
| Mar 31, 2025 | 55.92% |
| Dec 31, 2024 | 175.21% |
| Sep 30, 2024 | 68.28% |
| Jun 30, 2024 | 73.78% |
| Mar 31, 2024 | 51.34% |
| Dec 31, 2023 | 385.55% |
| Sep 30, 2023 | 48.80% |
| Jun 30, 2023 | 53.02% |
| Mar 31, 2023 | 39.93% |
| Dec 31, 2022 | -26.92% |
| Sep 30, 2022 | 72.60% |
| Jun 30, 2022 | -30.44% |
| Mar 31, 2022 | -45.97% |
| Dec 31, 2021 | 6.27% |
| Sep 30, 2021 | 63.57% |
| Jun 30, 2021 | 5.63% |