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

Lincoln National's Operating Margin history runs 18 years deep, the most recent figure standing at 30.25% for Q1 2026.

• Quarterly Operating Margin fell 92.0% year-over-year to 30.25% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.0% (up 328.0% YoY) and the FY2025 annual result came in at 33.36%, up 330.0% from the prior year.
• Operating Margin was 30.25% for Q1 2026 at Lincoln National, down from 32.45% in the prior quarter.
• Across five years, Operating Margin topped out at 204.86% in Q4 2023 and bottomed at 25.07% in Q2 2022.
• A 5-year average of 43.05% and a median of 32.7% in 2024 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2023 — Operating Margin surged 17144 bps — and 2024, when it plunged 17642 bps.
• Lincoln National's Operating Margin stood at 33.42% in 2022, then surged by 513 bps to 204.86% in 2023, then sank by 86 bps to 28.45% in 2024, then gained by 14 bps to 32.45% in 2025, then decreased by 7 bps to 30.25% in 2026.
• Business Quant data shows LNC's Operating Margin at 30.25% in Q1 2026, 32.45% in Q4 2025, and 33.9% in Q3 2025.