Lincoln National LNC
NYSE LNC
$42.21 -0.08 (-0.19%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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