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
DateValue
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%