Lincoln National Corporation

LSE:0JV3.LFinancial Services

——At close · Market cap — · Next earnings Thu 29 Oct

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	17.4	19.2	19.2	11.6	20.7	18.2	−12.1%
Cost of revenue	(0.0)	(0.7)	(0.1)	6.1	7.9	7.8	−1.9%
Gross profit	17.4	19.9	19.3	11.6	18.0	10.4	−41.9%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.0	2.8	2.9	3.1	3.0	0.0	−100.0%
Selling & marketing	0.0	0.6	0.5	0.5	0.2	0.0	−100.0%
Operating expenses	0.0	2.8	2.9	3.1	3.0	9.1	+207.9%
Operating income	0.7	1.9	2.6	11.6	3.8	1.3	−64.9%
Interest expense	0.3	0.3	0.3	0.3	0.3	0.2	−32.4%
Interest income	0.3	0.3	0.3	0.0	0.0	0.0	—
Other income / expense	(0.3)	(0.2)	(0.9)	(12.8)	0.2	0.0	−100.0%
Pre-tax income	0.4	1.6	1.7	(1.1)	4.0	1.3	−66.7%
Income tax	(0.1)	0.2	0.4	(0.4)	0.7	0.2	−78.4%
Net income	0.5	1.4	1.4	(0.8)	3.3	1.2	−64.1%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	2.58	7.50	7.94	(4.92)	18.66	5.95	−68.1%
EPS, diluted (per share)	2.57	7.43	7.79	(4.92)	18.41	5.84	−68.3%
EBITDA	0.8	2.0	2.1	2.6	4.4	1.6	−64.1%
Depreciation & amortization	0.1	0.1	0.1	3.1	0.0	0.0	—
Weighted average shares (shares)	193,610,225	187,359,884	171,034,695	169,562,903	170,597,104	182,674,725	+7.1%
Weighted average diluted shares (shares)	194,465,180	189,098,767	172,700,155	169,562,903	173,080,425	186,062,087	+7.5%
Gross margin	100.2%	103.5%	100.3%	100.0%	86.7%	57.3%	−29.3 pts
Operating margin	3.9%	9.8%	13.5%	100.0%	18.4%	7.3%	−11.1 pts
Net margin	2.9%	7.3%	7.1%	−6.5%	15.8%	6.5%	−9.3 pts

USD billionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.