LINCOLN NATIONAL CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.21B | $18.44B | $11.65B | $18.81B | $17.72B | $17.44B | $17.26B | $16.42B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.65B | $2.74B | $2.54B | $2.41B | $2.25B | $2.07B | $2.21B | $1.95B |
| Operating Income | $1.57B | $4.36B | $-817.0M | $2.01B | $4.91B | $707.0M | $1.25B | $2.18B |
| Operating Margin | 8.6% | 23.6% | -7.0% | 10.7% | 27.7% | 4.1% | 7.2% | 13.3% |
| Interest Expense | $227.0M | $336.0M | $331.0M | $283.0M | $270.0M | $284.0M | $326.0M | $297.0M |
| Pretax Income | $1.34B | $4.02B | $-1.15B | $1.73B | $4.64B | $423.0M | $919.0M | $1.89B |
| Income Tax Expense | $161.0M | $747.0M | $-396.0M | $367.0M | $865.0M | $-76.0M | $33.0M | $244.0M |
| Net Income | $1.18B | $3.28B | $-752.0M | $1.36B | $3.78B | $499.0M | $886.0M | $1.64B |
| Net Margin | 6.5% | 17.8% | -6.5% | 7.2% | 21.3% | 2.9% | 5.1% | 10.0% |
| EPS (Basic) | $5.94 | $18.66 | $-4.92 | $7.93 | $20.17 | $2.58 | $4.41 | $7.60 |
| EPS (Diluted) | $5.83 | $18.41 | $-4.92 | $7.78 | $19.96 | $2.56 | $4.38 | $7.40 |
| Shares Outstanding (Basic) | 182.7M | 170.6M | 169.6M | 171.0M | 187.4M | 193.6M | 200.6M | 215.9M |
| Shares Outstanding (Diluted) | 186.1M | 173.1M | 170.7M | 172.7M | 189.6M | 194.5M | 202.1M | 219.6M |
| Dividends Per Share | $1.80 | $1.80 | $1.80 | $1.80 | $1.71 | $1.62 | $1.51 | $1.36 |