Lincoln National (LNC-PD) Operating Expenses (2009 - 2026)

Lincoln National has reported Operating Expenses for 18 years, with the latest figure at $5.6 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 1.56% year-over-year to $5.6 billion; the trailing twelve-month figure through Mar 2026 stood at $16.8 billion (down 3.93% YoY), and the FY2025 full-year result was $16.9 billion, up 17.02% from the prior year.
• Operating Expenses for Q1 2026 stood at $5.6 billion, up from $4.0 billion in the prior quarter.
• The five-year high for Operating Expenses was $6.8 billion in Q3 2022, with the low at $2.3 billion in Q4 2023.
• Historically, Operating Expenses has averaged $4.0 billion across 5 years, with a median of $4.0 billion in 2025.
• Annual changes were most pronounced in 2023 — Operating Expenses tumbled 53.38% — and 2025, when it surged 117.93%.
• Lincoln National's Operating Expenses stood at $4.2 billion in 2022, then sank by 45.42% to $2.3 billion in 2023, then grew by 28.06% to $3.0 billion in 2024, then surged by 35.28% to $4.0 billion in 2025, then soared by 38.56% to $5.6 billion in 2026.
• The last three Operating Expenses figures came in at $5.6 billion (Q1 2026), $4.0 billion (Q4 2025), and $4.0 billion (Q3 2025), per Business Quant data.