Filing Flows › Lincoln National (LNC) › How it makes money
How Lincoln National (LNC) makes money
Lincoln National (LNC) made $5.5B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Of every dollar of revenue, 32¢ was left as operating profit, 26¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $5.5B | 100.0% |
| Operating profit | $1.7B | 31.7% |
| Income tax | $336M | 6.1% |
| Net earnings | $1.4B | 25.5% |
| Operating cash flow | $875M | 16.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $5.5B | +20% |
| Q2 2026 | $4.5B | +12% |
| Q1 2026 | $5.3B | +13% |
| Q4 2025 | $4.9B | -3% |
| Q3 2025 | $4.6B | +11% |
| Q2 2025 | $4.0B | -22% |
| Q1 2025 | $4.7B | +14% |
From Lincoln National's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Lincoln National make money?
Lincoln National (LNC) made $5.5B of revenue in the third quarter 2026 (Q3 2026), +20% from a year earlier. Of every dollar of revenue, 32¢ was left as operating profit, 26¢ was left as net earnings.
What is Lincoln National's profit margin?
Net earnings were $1.4B, 25.5% of revenue, in the third quarter 2026; the operating margin was 31.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.