Lincoln National (LNC) Operating Expenses (2009 - 2026)

Lincoln National's Operating Expenses history runs 18 years deep, the most recent figure standing at $5.6 billion for Q1 2026.

• Quarterly Operating Expenses fell 1.56% year-over-year to $5.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.8 billion (down 3.93% YoY) and the FY2025 annual result came in at $16.9 billion, up 17.02% from the prior year.
• Operating Expenses was $5.6 billion for Q1 2026 at Lincoln National, up from $4.0 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $6.8 billion in Q3 2022 and bottomed at $2.3 billion in Q4 2023.
• A 5-year average of $4.0 billion and a median of $4.0 billion in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slumped 53.38% — and 2025, when it surged 117.93%.
• Lincoln National's Operating Expenses stood at $4.2 billion in 2022, then tumbled by 45.42% to $2.3 billion in 2023, then rose by 28.06% to $3.0 billion in 2024, then jumped by 35.28% to $4.0 billion in 2025, then surged by 38.56% to $5.6 billion in 2026.
• Business Quant data shows LNC's Operating Expenses at $5.6 billion in Q1 2026, $4.0 billion in Q4 2025, and $4.0 billion in Q3 2025.