Filing Flows › Lincoln International (LCLN) › How it makes money
How Lincoln International (LCLN) makes money
Lincoln International (LCLN) made $294M of revenue in the third quarter 2026 (Q3 2026), +57% from a year earlier. Investment Banking Advisory brought in $240M (82%); Valuations and Opinions brought in $53.8M (18%). Of every dollar of revenue, 15¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Investment Banking Advisory | $240M | 81.7% | +35% | +70% |
| Valuations and Opinions | $53.8M | 18.3% | +12% | +18% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $294M | 100.0% |
| Operating profit | $44.3M | 15.1% |
| Income tax | $7.2M | 2.5% |
| Net earnings | $9.9M | 3.4% |
| Operating cash flow | $122M | 41.6% |
| Free cash flow | $121M | 41.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $294M | +57% |
| Q2 2026 | $226M | +51% |
From Lincoln International's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Lincoln International make money?
Lincoln International (LCLN) made $294M of revenue in the third quarter 2026 (Q3 2026), +57% from a year earlier. Investment Banking Advisory brought in $240M (82%); Valuations and Opinions brought in $53.8M (18%). Of every dollar of revenue, 15¢ was left as operating profit, 3¢ was left as net earnings.
What is Lincoln International's biggest business?
Investment Banking Advisory: $240M in the third quarter 2026, 82% of revenue, +70% from a year earlier.
What is Lincoln International's profit margin?
Net earnings were $9.9M, 3.4% of revenue, in the third quarter 2026; the operating margin was 15.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.