Lincoln National (LNC) Cost of Revenue (2009 - 2026)
Lincoln National's (LNC) quarterly Cost of Revenue came in at $1.9 billion in Q2 2026, down 3.71% on a YoY basis from $2.0 billion in Q2 2025, and down 6.57% quarter-over-quarter from $2.1 billion in Q1 2026.
Analysis
Lincoln National (LNC) Cost of Revenue (2009 - 2026) Analysis & Trends
Lincoln National (LNC) has reported Cost of Revenue for 18 consecutive years, with $1.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 3.71% year-over-year to $1.9 billion; the trailing twelve-month figure through Jun 2026 stood at $7.9 billion (down 1.2% YoY), and the FY2025 full-year result was $8.0 billion, up 0.53% from the prior year.
- Cost of Revenue retreated to $1.9 billion in Q2 2026 per LNC's latest filing, from $2.1 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.3 billion in Q1 2023 and bottomed at -$497.0 million in Q4 2023.
- Historically, Cost of Revenue has averaged $1.9 billion across 5 years, with a median of $2.0 billion in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue slumped 125.04% in 2023, then jumped 496.38% in 2024.
- Over 5 years, Cost of Revenue stood at $2.0 billion in 2022, then plunged by 125.04% to -$497.0 million in 2023, then surged by 496.38% to $2.0 billion in 2024, then rose by 0.1% to $2.0 billion in 2025, then fell by 2.64% to $1.9 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.9 billion, $2.1 billion, and $2.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 75.56 Bn | 76.77 Bn | - | - |
| 2 | Metlife | 61.89 Bn | 34.88 Bn | 7.82 Bn | 11.34 Bn |
| 3 | Sun Life Financial | 45.01 Bn | 40.41 Bn | - | - |
| 4 | Globe Life | 16.00 Bn | 15.24 Bn | 801.48 Mn | 798.25 Mn |
| 5 | Equitable Holdings | 14.74 Bn | -2.55 Bn | 1.22 Bn | 435.00 Mn |
| 6 | Brookfield Wealth Solutions | 12.45 Bn | 11.71 Mn | 1.92 Bn | 2.30 Bn |
| 7 | Corebridge Financial | 9.60 Bn | -296.03 Bn | 2.79 Bn | 1.12 Bn |
| 8 | Jackson Financial | 9.04 Bn | 3.56 Bn | - | - |
| 9 | Primerica | 8.98 Bn | 8.35 Bn | 717.74 Mn | 147.33 Mn |
| 10 | Lincoln National | 8.08 Bn | -3.60 Bn | 2.62 Bn | 1.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.92 Bn |
| Mar 31, 2026 | 2.06 Bn |
| Dec 31, 2025 | 1.97 Bn |
| Sep 30, 2025 | 1.93 Bn |
| Jun 30, 2025 | 1.99 Bn |
| Mar 31, 2025 | 2.07 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Sep 30, 2024 | 1.94 Bn |
| Jun 30, 2024 | 2.01 Bn |
| Mar 31, 2024 | 2.00 Bn |
| Dec 31, 2023 | -497.00 Mn |
| Sep 30, 2023 | 2.15 Bn |
| Jun 30, 2023 | 2.19 Bn |
| Mar 31, 2023 | 2.29 Bn |
| Dec 31, 2022 | 1.99 Bn |
| Sep 30, 2022 | 2.15 Bn |
| Jun 30, 2022 | 1.95 Bn |
| Mar 31, 2022 | 2.16 Bn |
| Dec 31, 2021 | 2.25 Bn |
| Sep 30, 2021 | 2.12 Bn |