Lincoln National Corporation

LNC

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
17,989
Cost of Revenue
11,033
Gross Profit
6,956
Gross Margin
38.7%
Operating Income
3,816
Operating Margin
21.2%
Net Income
3,275
Net Margin
18.2%
EPS (Basic)
$18.66
EPS (Diluted)
$18.41
EBITDA
4,454
EBITDA Margin
24.8%

2023

12/31/2023

Revenue
14,061
Cost of Revenue
9,060
Gross Profit
2,651
Gross Margin
18.9%
Operating Income
-783
Operating Margin
-5.6%
Net Income
-752
Net Margin
-5.3%
EPS (Basic)
$-4.92
EPS (Diluted)
$-4.92
EBITDA
-778
EBITDA Margin
-5.5%

2022

12/31/2022

Revenue
18,929
Cost of Revenue
13,770
Gross Profit
18,925
Gross Margin
100.0%
Operating Income
2,600
Operating Margin
13.7%
Net Income
1,358
Net Margin
7.2%
EPS (Basic)
$7.94
EPS (Diluted)
$7.78
EBITDA
42,195
EBITDA Margin
222.9%

2021

12/31/2021

Revenue
17,715
Cost of Revenue
10,912
Gross Profit
6,693
Gross Margin
37.8%
Operating Income
14,893
Operating Margin
84.1%
Net Income
1,405
Net Margin
7.9%
EPS (Basic)
$20.16
EPS (Diluted)
$7.43
EBITDA
4,963
EBITDA Margin
28.0%

2020

12/31/2020

Revenue
17,439
Cost of Revenue
0
Gross Profit
17,439
Gross Margin
100.0%
Operating Income
686
Operating Margin
3.9%
Net Income
499
Net Margin
2.9%
EPS (Basic)
$2.58
EPS (Diluted)
$2.57
EBITDA
35,898
EBITDA Margin
205.8%