Filing Flows › Lincoln National (LNC) › Q2 2025
Lincoln National (LNC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Lincoln National (LNC) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), -22% from a year earlier and -14% from the quarter before. Operating margin was 21.0%, net earnings $699M (17.3% of revenue).
Lincoln National, Q2 2025: revenue $4.0B (-22% year over year), operating margin 21.0%, net earnings $699M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -14% | -22% |
| Operating profit | $848M | — | -23% |
| Net earnings | $699M | — | -22% |
| Operating cash flow | $1.0B | — | — |
What changed
Revenue was $4.0B in Q2 2025, down 22% year over year and down 14% from the previous quarter.
Operating profit was $0.85B, a 21.0% margin (down 0.3 points year over year). Total costs fell 21% while revenue fell 22%. Net earnings were $0.70B, down 22% year over year. The effective tax rate was 17.6%.
Operating cash flow was $1.0B, 145% of net earnings. Working capital and other items added $0.31B.
Questions
What was Lincoln National's revenue in the second quarter 2025?
Lincoln National (LNC) reported revenue of $4.0B for the second quarter 2025 (Q2 2025), -22% from a year earlier and -14% from the quarter before.
Was Lincoln National profitable in the second quarter 2025?
Operating profit was $848M (21.0% of revenue) and net earnings $699M.
Source: Lincoln National 10-Q on SEC EDGAR.