Lincoln National (LNC) Gross Margin (2009 - 2026)
Lincoln National (LNC) reported Gross Margin of 57.73% for Q2 2026, up 7.04 percentage points from 50.69% a year earlier but down 3.54 percentage points from the prior quarter.
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Analysis
Lincoln National (LNC) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Lincoln National's Gross Margin came in at 59.26%, up 3.76 percentage points year-over-year; for FY2025, it came in at 56.29%, down 0.77 percentage points from FY2024.
- Gross Margin has a five-year change of +6.05 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 57.07% in FY2024 (+9.77 pp), 47.29% in FY2023 (-7.63 pp), 54.92% in FY2022 (+2.92 pp) and 52.00% in FY2021 (+1.76 pp).
- Five-year quarterly Gross Margin spans a low of 25.16% in Q2 2023 and a high of 171.10% in Q4 2023.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of -11.95 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 118.12 percentage points); the low point was Q4 2024 (a drop of 110.02 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 61.27% (Q1 2026), 59.93% (Q4 2025) and 57.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 137.62 Bn | 84.20 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 129.19 Bn | 105.03 Bn | 9.04 Bn | 38.28% |
| 3 | Marsh & Mclennan Companies | 90.88 Bn | 83.04 Bn | - | - |
| 4 | Travelers Companies | 83.69 Bn | 59.94 Bn | 6.23 Bn | 51.27% |
| 5 | Manulife Financial | 77.09 Bn | -17.79 Bn | - | - |
| 6 | Arthur J. Gallagher | 66.26 Bn | 60.67 Bn | - | - |
| 7 | Metlife | 65.73 Bn | -41.05 Bn | 7.82 Bn | 40.82% |
| 8 | Allstate | 64.04 Bn | 25.31 Bn | 8.73 Bn | 46.97% |
| 9 | Aon | 63.10 Bn | 56.32 Bn | - | - |
| 10 | Lincoln National | 7.69 Bn | -36.58 Bn | 2.62 Bn | 57.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.73% |
| Mar 31, 2026 | 61.27% |
| Dec 31, 2025 | 59.93% |
| Sep 30, 2025 | 57.72% |
| Jun 30, 2025 | 50.69% |
| Mar 31, 2025 | 55.92% |
| Dec 31, 2024 | 61.08% |
| Sep 30, 2024 | 52.88% |
| Jun 30, 2024 | 61.03% |
| Mar 31, 2024 | 51.34% |
| Dec 31, 2023 | 171.10% |
| Sep 30, 2023 | 48.80% |
| Jun 30, 2023 | 25.16% |
| Mar 31, 2023 | 39.93% |
| Dec 31, 2022 | 52.98% |
| Sep 30, 2022 | 54.00% |
| Jun 30, 2022 | 64.96% |
| Mar 31, 2022 | 54.32% |
| Dec 31, 2021 | 56.95% |
| Sep 30, 2021 | 59.51% |
API Access
Lincoln National Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();