Lincoln National (LNC) Gross Margin (2009 - 2026)
Lincoln National's (LNC) quarterly Gross Margin came in at 57.73% in Q2 2026, up 704.0% YoY from 7.18% in Q2 2025, and down 5.78% on a QoQ basis from 61.27% in Q1 2026.
Lincoln National (LNC) Gross Margin (2009 - 2026) Analysis & Trends
Lincoln National (LNC) has 18 years of Gross Margin data on file, last reported at 57.73% in Q2 2026.
- Quarterly Gross Margin rose 704.0% year-over-year to 57.73% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 59.26% (up 376.0% YoY) and the FY2025 annual result came in at 56.29%, down 77.0% from the prior year.
- Gross Margin fell to 57.73% in Q2 2026, from 61.27% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 171.1% in Q4 2023 to a low of 25.16% in Q2 2023.
- A 5-year average of 60.05% and a median of 55.12% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 11812 bps — and 2024, when it tumbled 11002 bps.
- Tracing LNC's Gross Margin over 5 years: stood at 52.98% in 2022, then surged by 223 bps to 171.1% in 2023, then sank by 64 bps to 61.08% in 2024, then dropped by 2 bps to 59.93% in 2025, then decreased by 4 bps to 57.73% in 2026.
- The last three Gross Margin figures came in at 57.73% (Q2 2026), 61.27% (Q1 2026), and 59.93% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Manulife Financial | 70.86 Bn | 50.95 Bn | - | - |
| 2 | Metlife | 60.18 Bn | 32.86 Bn | 7.82 Bn | 40.82% |
| 3 | Aflac | 58.60 Bn | -44.40 Bn | 2.27 Bn | 55.02% |
| 4 | Prudential | 35.64 Bn | 27.32 Bn | - | - |
| 5 | Unum | 13.88 Bn | 4.33 Bn | 1.38 Bn | 40.91% |
| 6 | Primerica | 9.32 Bn | 8.68 Bn | 717.74 Mn | 82.97% |
| 7 | Jackson Financial | 9.08 Bn | 3.09 Bn | - | - |
| 8 | Lincoln National | 8.09 Bn | -3.59 Bn | 2.62 Bn | 57.73% |
| 9 | Genworth Financial | 3.76 Bn | 1.78 Bn | 668.00 Mn | 35.14% |
| 10 | Brighthouse Financial | 3.06 Bn | -5.00 Bn | 1.03 Bn | 63.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 57.73% |
| 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% |