Lincoln National Corporation

As of June 30, 2026, Lincoln National Corp carries a market capitalization of 5.92B, placing it among publicly traded companies globally. Its enterprise value stands at -21.71B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Lincoln National Corp's next confirmed earnings release is scheduled for November 5, 2026.

As of June 30, 2026, Lincoln National Corp has 191.43M shares outstanding.

As of June 30, 2026, Lincoln National Corp trades at a trailing price-to-earnings ratio of 2.98. The price-to-sales ratio is 0.35, and the price-to-book ratio stands at 0.65.

These figures are as of June 30, 2026.

Over the twelve months ended June 30, 2026, Lincoln National Corp posted a return on equity (ROE) of 23.98, showing how much profit the company earns on every dollar of shareholder capital. Return on assets (ROA) stands at 0.57, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 15.67, useful for judging operating efficiency across full business cycles. The company generates approximately 1.79M in revenue per employee across its workforce of 9,513.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended June 30, 2026, Lincoln National Corp recorded 417.52M in income tax expense. That works out to an effective tax rate of 16.82, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 2.48B, leaving 2.06B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 22, 2026, Lincoln National Corp's stock has gained approximately 7.84% over the past 52 weeks. The 50-day moving average sits at 36.77, while the 200-day moving average is 33.65.

Over the twelve months ended June 30, 2026, Lincoln National Corp generated 17.03B in revenue and converted that into 2.06B in net income, yielding earnings per share of 10.53.

As of June 30, 2026, Lincoln National Corp holds 34.50B in cash and equivalents against 6.01B in total debt, resulting in a net debt position of -2.89B.

Lincoln National Corp produced -1.16B in operating cash flow over the twelve months ended June 30, 2026.

These figures cover the twelve months ended June 30, 2026.

Over the twelve months ended June 30, 2026, Lincoln National Corp paid dividends of 1.99 per share. The dividend payout ratio of 15.20 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield is negative at -19.17: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -102.41, meaning Lincoln National Corp raised more capital through share issuance and new debt than it returned via dividends and buybacks.

Lincoln National Corp's most recent stock split took place on June 22, 1999 with a 1:2 split ratio.