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Lincoln National (LNC) Operating Expenses (2016 - 2025)

Lincoln National (LNC) has disclosed Operating Expenses for 17 consecutive years, with $4.0 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 35.28% year-over-year to $4.0 billion, compared with a TTM value of $16.9 billion through Dec 2025, up 17.01%, and an annual FY2025 reading of $16.9 billion, up 17.02% over the prior year.
  • Operating Expenses was $4.0 billion for Q4 2025 at Lincoln National, down 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.
  • Average Operating Expenses over 5 years is $3.9 billion, with a median of $4.0 billion recorded in 2024.
  • The sharpest move saw Operating Expenses surged 134.19% in 2021, then crashed 53.38% in 2023.
  • Year by year, Operating Expenses stood at $4.4 billion in 2021, then tumbled by 41.23% to $2.6 billion in 2022, then decreased by 10.04% to $2.3 billion in 2023, then rose by 28.06% to $3.0 billion in 2024, then skyrocketed by 35.28% to $4.0 billion in 2025.
  • Business Quant data shows Operating Expenses for LNC at $4.0 billion in Q4 2025, $4.0 billion in Q3 2025, and $3.2 billion in Q2 2025.