Lincoln National (LNC) Shares Outstanding (Diluted) (2009 - 2026)
Lincoln National's Shares Outstanding (Diluted) came in at 196.42 million for Q2 2026, up 8.8% from 180.6 million a year earlier and unchanged from the prior quarter.
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Analysis
Lincoln National (LNC) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Lincoln National's Shares Outstanding (Diluted) was 186.06 million, up 7.5% from FY2024.
- Shares Outstanding (Diluted) carries a five-year compound annual growth rate of -0.9% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 173.08 million in FY2024 (+1.4%), 170.74 million in FY2023 (-1.1%), 172.7 million in FY2022 (-8.7%) and 189.1 million in FY2021 (-2.8%).
- The five-year range for quarterly Shares Outstanding (Diluted) is 170.49 million (Q1 2023) to 196.5 million (Q1 2026).
- Year-over-year, Shares Outstanding (Diluted) has increased for ten consecutive quarters, with growth averaging 6.2% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q1 2026 (growth of 12.9%), and the weakest in Q2 2022 (a decline of 10.1%).
- Business Quant data shows LNC's Shares Outstanding (Diluted) at 196.5 million (Q1 2026), 186.06 million (Q4 2025) and 194.3 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.65 Bn | 87.23 Bn | 9.13 Bn | 391.25 Mn |
| 2 | Progressive | 133.70 Bn | 109.53 Bn | 9.04 Bn | 584.20 Mn |
| 3 | Marsh & Mclennan Companies | 94.75 Bn | 86.91 Bn | - | 479.00 Mn |
| 4 | Travelers Companies | 85.38 Bn | 61.63 Bn | 6.23 Bn | 213.60 Mn |
| 5 | Manulife Financial | 77.63 Bn | -17.25 Bn | - | 1.71 Bn |
| 6 | Arthur J. Gallagher | 69.27 Bn | 63.67 Bn | - | 258.70 Mn |
| 7 | Metlife | 66.42 Bn | -40.36 Bn | 7.82 Bn | 646.90 Mn |
| 8 | Allstate | 66.13 Bn | 27.40 Bn | 8.73 Bn | 259.10 Mn |
| 9 | Aon | 65.25 Bn | 58.47 Bn | - | 213.90 Mn |
| 10 | Lincoln National | 7.88 Bn | -36.39 Bn | 2.62 Bn | 196.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 196.42 Mn |
| Mar 31, 2026 | 196.50 Mn |
| Dec 31, 2025 | 186.06 Mn |
| Sep 30, 2025 | 194.30 Mn |
| Jun 30, 2025 | 180.60 Mn |
| Mar 31, 2025 | 174.09 Mn |
| Dec 31, 2024 | 173.08 Mn |
| Sep 30, 2024 | 172.85 Mn |
| Jun 30, 2024 | 172.89 Mn |
| Mar 31, 2024 | 171.83 Mn |
| Dec 31, 2023 | 170.74 Mn |
| Sep 30, 2023 | 170.89 Mn |
| Jun 30, 2023 | 170.50 Mn |
| Mar 31, 2023 | 170.49 Mn |
| Dec 31, 2022 | 172.70 Mn |
| Sep 30, 2022 | 171.10 Mn |
| Jun 30, 2022 | 172.71 Mn |
| Mar 31, 2022 | 176.43 Mn |
| Dec 31, 2021 | 189.10 Mn |
| Sep 30, 2021 | 189.09 Mn |
API Access
Lincoln National Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=LNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "LNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=LNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();