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% on a YoY basis from 7.18% in Q2 2025, and down 5.78% quarter-over-quarter from 61.27% in Q1 2026.
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Lincoln National (LNC) Gross Margin (2009 - 2026) Analysis & Trends
Lincoln National (LNC) has reported Gross Margin for 18 consecutive years, with 57.73% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 704.0% year-over-year to 57.73%; the trailing twelve-month figure through Jun 2026 stood at 59.26% (up 376.0% YoY), and the FY2025 full-year result was 56.29%, down 77.0% from the prior year.
- Gross Margin eased to 57.73% in Q2 2026 per LNC's latest filing, from 61.27% in the prior quarter.
- Across five years, Gross Margin topped out at 171.1% in Q4 2023 and bottomed at 25.16% in Q2 2023.
- Historically, Gross Margin has averaged 60.05% across 5 years, with a median of 55.12% in 2022.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 11812 bps in 2023, then plunged 11002 bps in 2024.
- Over 5 years, Gross Margin stood at 52.98% in 2022, then jumped by 223 bps to 171.1% in 2023, then tumbled by 64 bps to 61.08% in 2024, then fell by 2 bps to 59.93% in 2025, then dropped by 4 bps to 57.73% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 57.73%, 61.27%, and 59.93% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Metlife | 62.25 Bn | 35.23 Bn | 7.82 Bn | 40.82% |
| 2 | Manulife Financial | 24.69 Bn | 25.90 Bn | - | - |
| 3 | Equitable Holdings | 14.46 Bn | -2.83 Bn | 1.22 Bn | 73.76% |
| 4 | Brookfield Wealth Solutions | 13.42 Bn | 979.75 Mn | 1.92 Bn | 45.41% |
| 5 | Jackson Financial | 9.59 Bn | 4.12 Bn | - | - |
| 6 | Corebridge Financial | 9.33 Bn | -296.30 Bn | 2.79 Bn | 71.38% |
| 7 | Primerica | 9.13 Bn | 8.50 Bn | 717.74 Mn | 82.97% |
| 8 | Lincoln National | 8.70 Bn | -2.98 Bn | 2.62 Bn | 57.73% |
| 9 | Sun Life Financial | 8.56 Bn | 3.96 Bn | - | - |
| 10 | Prudential Financial | 5.27 Bn | -24.00 Bn | 7.91 Bn | 50.51% |
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% |