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Lincoln National (LNC) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 30, 2026

Lincoln National (LNC) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +12% from a year earlier and -14% from the quarter before. Operating margin was 36.2%, net earnings $1.3B (29.3% of revenue).

Revenue$4.5B
Year over year+12%
Quarter over quarter-14%
Operating margin36.2%
Net earnings$1.3B

Lincoln National, Q2 2026: revenue $4.5B (+12% year over year), operating margin 36.2%, net earnings $1.3B, operating cash flow −$558M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$4.5B-14%+12%
Operating profit$1.6B—+94%
Net earnings$1.3B—+91%
Operating cash flow−$558M-504%-155%

What changed

Revenue was $4.5B in Q2 2026, up 12% year over year and down 14% from the previous quarter.

Operating profit was $1.6B, a 36.2% margin (up 15.2 points year over year). Of the extra revenue versus Q2 2025, 160% reached operating profit, above the 21% margin then. Total costs fell 9% while revenue rose 12%. Net earnings were $1.3B, up 91% year over year. The effective tax rate was 18.9%.

Operating cash flow was −$0.56B. Working capital and other items used $1.9B.

Questions

What was Lincoln National's revenue in the second quarter 2026?

Lincoln National (LNC) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +12% from a year earlier and -14% from the quarter before.

Was Lincoln National profitable in the second quarter 2026?

Operating profit was $1.6B (36.2% of revenue) and net earnings $1.3B.

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Source: Lincoln National 10-Q on SEC EDGAR.