Also trades as: LNC-PD (NYSE) · $vol 1M · 0JV3.L (LSE) · $vol 0M

$40.38

+0.21 (+0.52%)

Weekly Expected Move ±3.6%

$37 $38 $40 $41 $43

NYSE · Financial Services · Insurance - Life · Tech Score Neutral · Power 47 · $7.7B mcap · 172M float · 1.15% daily turnover · Short 65% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $280.1M held by 362 funds, 113 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$18.2B +1.2% ▲

5Y CAGR: +0.7%

Gross Profit

$10.4B +127.2% ▲

5Y CAGR: +24.7%

Operating Income

$1.3B -66.7% ▼

5Y CAGR: +25.9%

Net Income

$1.2B -64.1% ▼

5Y CAGR: +18.7%

EPS (Diluted)

$5.84 -68.3% ▼

5Y CAGR: +17.8%

EBITDA

$1.6B -64.9% ▼

5Y CAGR: +16.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$17.6B	$18.9B	$11.7B	$18.0B	$18.2B
YoY Growth	+1.6%	+6.9%	-25.7%	+27.9%	+1.2%
Cost of Revenue	$13.7B	$16.5B	$11.7B	$13.4B	$7.8B
Gross Profit	$3.9B	$2.4B	$50M	$4.6B	$10.4B
Gross Margin	22.2%	12.9%	0.4%	25.5%	57.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$2.3B	$2.4B	$2.5B	$2.7B	$0
Operating Expenses	-$743M	$709M	$1.2B	$574M	$9.1B
Operating Income	$4.6B	$1.7B	-$1.1B	$4.0B	$1.3B
Operating Margin	26.4%	9.1%	-9.8%	22.4%	7.3%
Interest Expense	$270M	$283M	$331M	$336M	$227M
Income Before Tax	$4.6B	$1.7B	-$1.1B	$4.0B	$1.3B
Tax Expense	$865M	$367M	-$396M	$747M	$161M
Net Income	$3.8B	$1.4B	-$752M	$3.3B	$1.2B
Net Margin	21.5%	7.2%	-6.4%	18.2%	6.5%
EPS (Diluted)	$7.43	$7.78	$-4.92	$18.41	$5.84
EBITDA	$5.0B	$2.1B	-$773M	$4.5B	$1.6B
Shares Outstanding	189M	173M	170M	174M	186M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$4.2B	$5.1B	$4.7B	$4.1B	$4.6B	$4.9B	$5.3B	$4.5B
Cost of Revenue	$4.1B	$940M	$4.3B	$4.1B	$4.3B	$1.9B	$2.0B	$0
Gross Profit	$127M	$4.1B	$449M	-$84M	$296M	$3.0B	$3.3B	$4.5B
Gross Margin	3.0%	81.5%	9.5%	-2.1%	6.4%	60.8%	62.1%	100.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	$830M	$2.0B	$1.4B	-$932M	-$228M	$2.1B	$3.5B	$2.9B
Operating Income	-$703M	$2.1B	-$949M	$848M	$524M	$915M	-$246M	$1.6B
Operating Margin	-16.7%	41.3%	-20.1%	20.9%	11.4%	18.6%	-4.6%	36.2%
Interest Expense	$86M	$83M	$80M	$0	$79M	$81M	$81M	$82M
Income Before Tax	-$703M	$2.1B	-$949M	$848M	$524M	$915M	-$246M	$1.6B
Tax Expense	-$175M	$413M	-$227M	$149M	$79M	$161M	-$74M	$311M
Net Income	-$528M	$1.7B	-$722M	$699M	$445M	$754M	-$172M	$1.3B
Net Margin	-12.6%	33.2%	-15.3%	17.2%	9.7%	15.3%	-3.2%	29.3%
EPS (Diluted)	$-3.29	$9.63	$-4.41	$3.81	$2.12	$3.80	$-0.88	$6.72
EBITDA	-$617M	$2.2B	-$869M	$848M	$603M	$996M	-$165M	$1.7B
Shares Outstanding	174M	174M	174M	181M	194M	196M	196M	196M

LNC NYSE