LNC
Lincoln National margins
- Stocks
- Financial Services
- NYSE: LNC
- Margins
Currently, Lincoln National has a gross margin of 16.3%, an operating margin of 16.3%, an EBITDA margin of 16.3%, and a net margin of 12.2%. The company's available margins all weakened, with gross margin showing the strongest contraction of 1.9 percentage points.
LNC margin history
Lincoln National's margins averaged 14.13% gross, 14.13% operating, 9.71% EBITDA, and 6.06% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.
LNC margin expansion
Lincoln National's gross margin contracted by 1.9 percentage points, operating margin by 1.9 percentage points, EBITDA margin by 1.9 percentage points, and net margin by 1.9 percentage points, led by gross, operating, EBITDA, and net margins with a decline of 1.9 percentage points.
LNC Gross margin
Lincoln National recorded an average gross margin of 14.13% across the last 3 years. Lincoln National currently reports a gross margin of 16.3%, 2.2 percentage points above its three-year average. Over the last 3 years, Lincoln National's gross margin peaked at 26.5% in Sep 2025 and reached a low of -7% in Dec 2023.
LNC Operating margin
Lincoln National recorded an average operating margin of 14.13% across the last 3 years. Lincoln National currently reports an operating margin of 16.3%, 2.2 percentage points above its three-year average. Looking back over the last 3 years, Lincoln National's operating margin reached 26.5% at its highest point in Sep 2025 and -7% at its lowest in Dec 2023.
LNC EBITDA margin
Over the last 3 years, the average EBITDA margin for Lincoln National was 9.71%. The current EBITDA margin stands at 16.3%, 6.6 percentage points above its three-year average. Lincoln National's EBITDA margin ranged from a low of -20.6% in Sep 2024 to a high of 26.5% in Sep 2025.
LNC Net margin
Reviewing the last 3 years, Lincoln National recorded an average net margin of 6.06%. Lincoln National's current net margin is 12.2% and is 6.1 percentage points above its three-year average. The highest net margin for Lincoln National was 20.7% in Sep 2025, while the lowest was -22.6% in Sep 2024.
LNC margin group comparison
Lincoln National's gross margin of 16.3% is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 83.9%, Lincoln National's gross margin is 81% lower.
LNC margin peer comparison
Frequently asked questions
What is Lincoln National's gross margin?
The current gross margin for LNC is 16.3% as of Jun 30, 2026.
What is Lincoln National's operating margin?
As of Jun 30, 2026, LNC has an operating margin of 16.3%.
What is Lincoln National's EBITDA margin?
For the period ending Jun 30, 2026, LNC recorded an EBITDA margin of 16.3%.
What is Lincoln National's net margin?
The current net margin for LNC is 12.2% as of Jun 30, 2026.
What are the average margins of LNC?
Over the last 3 years, Lincoln National's margins averaged 14.1% gross, 14.1% operating, 9.7% EBITDA, and 6.1% net.
What are the highest historical margins of LNC?
Across the 5-year period, LNC posted its highest margins at 36.9% gross in Jun 2022, 36.2% operating in Jun 2022, 36.2% EBITDA in Jun 2022, and 32.7% net in Sep 2023.
What are the lowest historical margins of LNC?
Across the 5-year period, LNC posted its lowest margins at -7% gross in Dec 2023, -9.1% operating in Jun 2023, -20.6% EBITDA in Sep 2024, and -22.6% net in Sep 2024.