Lincoln National (LNC) Gross Margin (2009 - 2026)
Lincoln National (LNC) posted Gross Margin of 61.27% for Q1 2026, up 181.32% on a QoQ basis from 21.78% in Q4 2025, and up 535.0% year-over-year from 9.65% in Q1 2025.
Lincoln National (LNC) Gross Margin (2009 - 2026) Analysis & Trends
Lincoln National's Gross Margin history runs 18 years deep, the most recent figure standing at 61.27% for Q1 2026.
- Quarterly Gross Margin rose 535.0% year-over-year to 61.27% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 54.08% (down 740.0% YoY) and the FY2025 annual result came in at 56.29%, down 77.0% from the prior year.
- Gross Margin was 61.27% for Q1 2026 at Lincoln National, up from 21.78% in the prior quarter.
- Across five years, Gross Margin topped out at 263.52% in Q4 2023 and bottomed at 21.78% in Q4 2025.
- A 5-year average of 71.64% and a median of 65.29% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 19625 bps — and 2024, when it tumbled 20244 bps.
- Lincoln National's Gross Margin stood at 67.27% in 2022, then jumped by 292 bps to 263.52% in 2023, then plunged by 77 bps to 61.08% in 2024, then plunged by 64 bps to 21.78% in 2025, then soared by 181 bps to 61.27% in 2026.
- Business Quant data shows LNC's Gross Margin at 61.27% in Q1 2026, 21.78% in Q4 2025, and 68.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prudential | 75.05 Bn | 67.97 Bn | - | - |
| 2 | Aflac | 63.80 Bn | 58.14 Bn | 2.51 Bn | 57.85% |
| 3 | Metlife | 60.34 Bn | 44.39 Bn | 256.00 Mn | 2.11% |
| 4 | Manulife Financial | 52.65 Bn | 53.78 Bn | - | - |
| 5 | Unum | 14.19 Bn | 4.23 Bn | 1.40 Bn | 41.71% |
| 6 | Primerica | 9.76 Bn | 9.08 Bn | 770.81 Mn | 88.33% |
| 7 | Jackson Financial | 8.17 Bn | 3.03 Bn | - | - |
| 8 | Lincoln National | 7.81 Bn | -1.09 Bn | 3.25 Bn | 61.27% |
| 9 | F&G Annuities & Life | 3.87 Bn | 1.67 Bn | 1.15 Bn | 97.22% |
| 10 | Genworth Financial | 3.84 Bn | 2.75 Bn | 553.00 Mn | 31.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.27% |
| Dec 31, 2025 | 21.78% |
| Sep 30, 2025 | 68.96% |
| Jun 30, 2025 | 67.19% |
| Mar 31, 2025 | 55.92% |
| Dec 31, 2024 | 61.08% |
| Sep 30, 2024 | 52.88% |
| Jun 30, 2024 | 73.78% |
| Mar 31, 2024 | 61.10% |
| Dec 31, 2023 | 263.52% |
| Sep 30, 2023 | 67.38% |
| Jun 30, 2023 | 25.16% |
| Mar 31, 2023 | 65.29% |
| Dec 31, 2022 | 67.27% |
| Sep 30, 2022 | 72.60% |
| Jun 30, 2022 | 78.36% |
| Mar 31, 2022 | 54.32% |
| Dec 31, 2021 | 56.95% |
| Sep 30, 2021 | -52.15% |
| Jun 30, 2021 | 72.75% |