Filing Flows › Lincoln International (LCLN) › Q3 2026 › vs Q2 2026
Lincoln International (LCLN) Q3 2026 vs Q2 2026 (quarter over quarter)
Lincoln International's revenue rose $68.0M (+30%) from $226M in Q2 2026 to $294M in Q3 2026. The biggest changes: Investment Banking Advisory +$62.2M (+35%); Valuations and Opinions +$5.8M (+12%). Operating margin 15.1% against -7.0% (+22.1 pts).
Lincoln International, Q3 2026: revenue $294M (+57% year over year), operating margin 15.1%, net earnings $9.9M, operating cash flow $122M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.1% | -7.0% | +22.1 pts |
| Net margin | 3.4% | 0.2% | +3.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Investment Banking Advisory | $240M | $178M | $62.2M | +35% |
| Valuations and Opinions | $53.8M | $47.9M | $5.8M | +12% |
| Revenue | $294M | $226M | $68.0M | +30% |
| Operating profit | $44.3M | −$15.9M | $60.2M | — |
| Costs & expenses | $249M | $242M | $7.8M | +3% |
| Pre-tax earnings | $45.1M | −$21.4M | $66.5M | — |
| Net earnings | $9.9M | $455K | $9.5M | 22× |
| Minority interests | $27.9M | −$23.4M | $51.3M | — |
| Income tax | $7.2M | $1.5M | $5.7M | +374% |
| Depreciation & amortization | $19.5M | $19.3M | $230K | +1% |
| Share-based compensation | $5.5M | $0 | $5.5M | — |
Questions
How much did Lincoln International's revenue grow quarter over quarter in Q3 2026?
Lincoln International's revenue rose $68.0M (+30%) from $226M in Q2 2026 to $294M in Q3 2026.
What drove Lincoln International's revenue change in Q3 2026?
Investment Banking Advisory +$62.2M (+35%); Valuations and Opinions +$5.8M (+12%).