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    Lincoln National Corporation (LNC)

    Official site

    FINANCIAL SERVICES • INSURANCE - LIFE • NYSE

    $40.02
    -0.20 (-0.50%)

    Market Cap: $7.70B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    64%(25/39)
    Avg Surprise
    -24.97%
    Streak
    9 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.99
    Range$1.85 - $2.13
    12 analysts
    EPS RevisionsNo revisions (7d)
    1
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.02-1.6%
    60d ago$2.03-2.0%
    30d ago$2.03-2.0%
    7d ago$2.02-1.6%
    Current$1.99
    Revenue Consensus
    $5.0B
    Range$5.0B - $5.0B
    6 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.42
    Range$2.17 - $2.55
    13 analysts
    Revenue Consensus
    $5.0B
    Range$4.9B - $5.2B
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.42---
    Sep 26EST
    		-$1.99---
    Jun 26
    Reported Jul 30
    		$2.24$2.00+12.00%Beat-5.1%
    Mar 26
    Reported May 7
    		$1.66$1.60+3.75%Beat+3.7%
    Dec 25
    Reported Feb 12
    		$2.21$1.90+16.32%Beat+15.7%
    Sep 25
    Reported Oct 30
    		$2.04$1.87+9.09%Beat-1.0%
    Jun 25
    Reported Jul 31
    		$2.36$1.88+25.53%Beat+28.3%
    Mar 25
    Reported May 8
    		$1.60$1.52+5.26%Beat+290.2%
    Dec 24
    Reported Feb 6
    		$1.91$1.74+9.77%Beat+31.7%
    Sep 24
    Reported Oct 31
    		$2.06$1.63+26.38%Beat+795.7%
    Jun 24
    Reported Aug 1
    		$1.84$1.77+3.95%Beat-8.9%
    Mar 24
    Reported May 2
    		$0.41N/A-63.06%Miss-73.0%
    Dec 23
    Reported Feb 8
    		$1.45$1.31+10.69%Beat+49.5%
    Sep 23
    Reported Nov 1
    		$0.23N/A-86.93%Miss+102.2%
    Jun 23
    Reported Aug 2
    		$2.02$1.85+9.19%Beat-9.4%
    Mar 23
    Reported May 9
    		$1.52$1.53-0.65%Miss-8.4%
    Dec 22
    Reported Feb 8
    		$0.97$1.78-45.51%Miss-37.8%
    Sep 22
    Reported Nov 2
    		$-10.23$1.79-671.51%Miss-731.5%
    Jun 22
    Reported Aug 3
    		$2.23$2.22+0.45%Beat-29.7%
    Mar 22
    Reported May 4
    		$1.66$1.82-8.79%Miss-8.8%
    Dec 21
    Reported Feb 2
    		$1.56$1.90-17.89%Miss-12.4%
    Sep 21
    Reported Nov 3
    		$1.62$2.57-36.97%Miss+325.0%
    Jun 21
    Reported Aug 4
    		$3.17$2.45+29.39%Beat+226.8%
    Mar 21
    Reported May 5
    		$1.82$1.48+22.97%Beat-18.8%
    Dec 20
    Reported Feb 3
    		$1.78$1.91-6.81%Miss-26.1%
    Sep 20
    Reported Nov 4
    		$-0.72N/A-135.82%Miss-188.0%
    Jun 20
    Reported Aug 5
    		$0.97$1.38-29.71%Miss-58.9%
    Mar 20
    Reported May 6
    		$2.24$2.17+3.23%Beat+4.7%
    Dec 19
    Reported Feb 5
    		$2.41$2.41+0.00%Beat+12.1%
    Sep 19
    Reported Oct 30
    		$-0.25N/A-110.37%Miss-110.7%
    Jun 19
    Reported Jul 31
    		$2.36$2.37-0.42%Miss+16.8%
    Mar 19
    Reported May 1
    		$2.14$2.04+4.90%Beat+8.6%
    Dec 18
    Reported Feb 6
    		$2.15$2.12+1.42%Beat+8.6%
    Sep 18
    Reported Nov 1
    		$2.34$2.17+7.83%Beat+15.3%
    Jun 18
    Reported Aug 1
    		$2.02$2.10-3.81%Miss+9.2%
    Mar 18
    Reported May 2
    		$1.97$1.94+1.55%Beat+2.6%
    Dec 17
    Reported Jan 31
    		$1.98$1.94+2.06%Beat+11.9%
    Sep 17
    Reported Nov 1
    		$2.03$1.84+10.33%Beat-
    Jun 17
    Reported Aug 2
    		$1.85$1.74+6.32%Beat-
    Mar 17
    Reported May 3
    		$1.92$1.62+18.52%Beat-
    Dec 16
    Reported Feb 1
    		$1.77$1.71+3.51%Beat-

    Dividends

    Dividend Metrics

    Forward Yield4.50%
    Forward Annual Dividend$1.80
    Payout Ratio14.60%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+0.00%
    5Y CAGR+2.38%
    LNC dividend history and ex-dividend datesRun LNC in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio4.91EV/EBITDA4.53x
    Price/FCFN/AFCF YieldN/A
    Profitability
    Profit Margin12.20%Operating Margin4.61%
    ROE22.60%ROIC8.60%
    Financial Health
    Debt/Equity1.42xInterest CoverageN/A
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta1.15Avg Volume2.08M
    52-Week High$47.1552-Week Low$31.06

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$40.46
    SMA 20$40.54
    SMA 50$42.27
    SMA 200$38.58
    EMA 10$40.42
    EMA 20$40.78
    EMA 50$41.22
    EMA 200$39.28

    MACD

    Line: -0.51Signal: -0.55Hist: 0.04

    ADX

    ADX: 17.3+DI: 18.0-DI: 29.3

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down60.0
    PSAR$42.77

    Bollinger Bands

    Upper Band$41.74
    Lower Band$39.35
    %B Position587%(Upper)
    Band Width0.28

    RSI (14-Day)

    Neutral
    41.8

    Momentum Oscillators

    Stoch %K36.2
    Stoch %D39.0
    Williams %R-70.7
    ROC (10d)1.9%
    Momentum0.73
    CCI (20d)-136.0
    MFI (14d)45.4

    Volatility Measures

    ATR (14d)$1.20(3.0%)
    StdDev (20d)0.60
    Hist Vol21.2%(Moderate)

    Volume Flow

    VWAP$39.70
    OBV29.8M
    AD Line-1.0B
    CMF (20d)-0.642

    Volume Metrics

    Avg Vol (20d)2.0M
    Vol Ratio0.7x
    VWMA (20d)$40.63

    Pivot Points

    R3$41.30
    R2$40.83
    R1$40.53
    Pivot Point$40.06
    S1$39.76
    S2$39.29
    S3$38.99

    Advanced Oscillators

    TSI-14.30
    Ultimate Osc34.6
    KST-50.70

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$4.54B$5.31B$5.00B$4.48B$4.04B$4.69B$5.23B$4.03B$5.07B$4.12B$782.00M$4.20B
    Cost of RevenueN/A$2.01B$1.93B$4.29B$4.15B$4.27B$940.00M$4.07B$4.11B$4.41B$-1,126,000,000$4.51B
    Gross ProfitN/A$3.30B$3.00B$296.00M$-84,000,000$449.00M$4.14B$127.00M$486.00M$-301,000,000$1.85B$-287,000,000
    Operating Expenses$2.90B$5.55B$4.09B$3.95B$3.20B$5.64B$3.13B$4.73B$3.97B$2.59B$2.40B$3.17B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$-246,000,000$915.00M$524.00M$848.00M$-949,000,000$2.10B$-703,000,000$1.10B$1.53B$-1,614,000,000$1.03B
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$0$81.00M$-79,000,000$79.00M$-13,000,000$80.00M$-172,000,000$86.00M$86.00M$0$-83,000,000$0
    Income Before Tax$1.64B$-246,000,000$915.00M$524.00M$848.00M$-949,000,000$2.10B$-703,000,000$1.10B$1.53B$-1,614,000,000$1.03B
    Income Tax Expense$311.00M$-74,000,000$160.00M$79.00M$149.00M$-227,000,000$415.00M$-175,000,000$201.00M$306.00M$-379,000,000$181.00M
    Net Income$1.33B$-172,000,000$755.00M$445.00M$699.00M$-722,000,000$1.69B$-528,000,000$895.00M$1.22B$-1,235,000,000$853.00M
    EBITDA$1.64B$-83,000,000$915.00M$524.00M$848.00M$-793,000,000$2.10B$-703,000,000$1.27B$1.72B$-1,472,000,000$1.55B
    EBIT$1.64B$-246,000,000$915.00M$524.00M$848.00M$-949,000,000$2.10B$-703,000,000$1.10B$1.53B$-1,614,000,000$1.03B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Lincoln National Corporation (LNC) Stock forecasts

    This article provides a brief overview of Lincoln National Corporation (LNC) stock forecasts from Argus. It highlights the company's operating segments including Annuities, Retirement Plan Services, Life Insurance...

    Yahoo Finance Australia•10/16/26•Neutral

    Lincoln National Series D Preferred Shares: Unlocking A 7.7% YTC (NYSE:D)

    Lincoln National Corp. (LNC) issued high-coupon preferred shares (LNC.PR.D) after a challenging 2022. The company's financial health has significantly improved...

    Seeking Alpha•10/15/26•Bullish

    LNC4986193 Bond Profile: Coupon and Redemption

    This article provides a detailed profile of the Lincoln National Corporation bond LNC4986193, maturing on June 15, 2050, with a 4.375% coupon rate. It outlines key facts such as the issuer, issue and maturity dates...

    TradingView•10/12/26•Neutral

    LNC6435947 Bond Profile: Coupon and Redemption

    This article provides a detailed profile of the LNC6435947 bond issued by Lincoln National Corporation. It covers key facts such as the issuer, issue and maturity dates, face value...

    TradingView•10/12/26•Neutral

    Lincoln National (NYSE:LNC) Price Target Raised to $54.00

    Wells Fargo & Company has raised its price target for Lincoln National (NYSE:LNC) to $54.00 from $52.00, maintaining an "overweight" rating and suggesting a 32.6% upside. Despite mixed analyst sentiment with a consensus...

    MarketBeat•10/12/26•Somewhat-Bullish

    LNC Valuation and Fair Value

    P/E
    4.9x
    Forward P/E
    5.2x
    EV/EBITDA
    4.5x
    PEG
    1.0x
    P/B
    0.7x
    See GNG's fair value

    LNC Profitability: Margins, ROIC and FCF

    Operating margin
    4.6%
    Net margin
    12.2%
    ROIC
    8.6%
    ROE
    22.6%
    FCF margin
    -6.9%

    LNC Competitors

    CompanyTicker
    Commerce Bancshares IncCBSH
    Morningstar IncMORN
    Janus Henderson Group PLCJHG
    Stonex Group IncSNEX
    Kinsale Capital Group IncKNSL
    AXIS Capital Holdings LtdAXS
    The Hanover Insurance Group IncTHG
    Synovus Financial CorpSNV

    Sector: Financial Services

    LNC Analyst Ratings

    Consensus
    Hold
    Analysts
    13
    Strong Buy
    3
    Buy
    3
    Hold
    5
    Sell
    1
    Strong Sell
    1

    LNC Bull Case vs Bear Case

    Bull case

    • LNC beat EPS estimates in 100.0% of its last 8 reported quarters.
    • LNC grew quarterly revenue 12.6% year over year.

    LNC Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    13.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.99
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 1 down

    LNC Dividend

    Forward yield
    4.5%
    Payout ratio
    14.6%
    3Y DPS growth
    0.0%
    5Y DPS growth
    2.4%
    Pay months
    Feb, May, Aug, Nov
    LNC dividend history

    Frequently Asked Questions About LNC

    What is LNC's current dividend yield?

    Lincoln National Corporation (LNC) has a forward dividend yield of 4.50%.

    Does LNC pay dividends?

    Yes, Lincoln National Corporation pays dividends with a forward dividend yield of 4.50%.

    What is LNC's P/E ratio?

    Lincoln National Corporation has a price-to-earnings (P/E) ratio of 4.91.

    What is LNC's market cap?

    Lincoln National Corporation (LNC) has a market capitalization of $7.70B with a current stock price of $40.02.

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