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Lincoln National (LNC) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 5, 2026

Lincoln National (LNC) reported revenue of $5.5B for the third quarter 2026 (Q3 2026), +20% from a year earlier and +21% from the quarter before. Operating margin was 31.7%, net earnings $1.4B (25.5% of revenue).

Revenue$5.5B
Year over year+20%
Quarter over quarter+21%
Operating margin31.7%
Net earnings$1.4B

Lincoln National, Q3 2026: revenue $5.5B (+20% year over year), operating margin 31.7%, net earnings $1.4B, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$5.5B+21%+20%
Operating profit$1.7B+6%+231%
Net earnings$1.4B+5%+214%
Operating cash flow$875M——

What changed

Revenue was $5.5B in Q3 2026, up 20% year over year and up 21% from the previous quarter.

Operating profit was $1.7B, a 31.7% margin (up 20.2 points year over year). Of the extra revenue versus Q3 2025, 131% reached operating profit, above the 12% margin then. Total costs fell 7% while revenue rose 20%. Net earnings were $1.4B, up 214% year over year. The effective tax rate was 19.4%.

Operating cash flow was $0.88B, 63% of net earnings. Working capital and other items used $0.52B.

Questions

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

Lincoln National (LNC) reported revenue of $5.5B for the third quarter 2026 (Q3 2026), +20% from a year earlier and +21% from the quarter before.

Was Lincoln National profitable in the third quarter 2026?

Operating profit was $1.7B (31.7% of revenue) and net earnings $1.4B.

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Source: Lincoln National 10-Q on SEC EDGAR.