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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%

    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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    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 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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