Lincoln National annual net debt
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2025
Lincoln National Net Debt Growth & History (LNC)
Lincoln National's net debt was −$3.57B for fiscal 2025.
View full Lincoln National company overviewLincoln National annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$3.57B | −$4.02B | — |
| 2024 | 2024-12-31 | $444.0M | −$2.30B | −83.80% |
| 2023 | 2023-12-31 | $2.74B | −$506.0M | −15.59% |
| 2022 | 2022-12-31 | $3.25B | −$1.40B | −30.12% |
| 2021 | 2021-12-31 | $4.64B | −$757.0M | −14.01% |
| 2020 | 2020-12-31 | $5.40B | $1.08B | +24.90% |
| 2019 | 2019-12-31 | $4.33B | $984.0M | +29.45% |
| 2018 | 2018-12-31 | $3.34B | −$154.0M | −4.41% |
| 2017 | 2017-12-31 | $3.50B | $1.09B | +45.56% |
| 2016 | 2016-12-31 | $2.40B | $224.0M | +10.29% |
| 2015 | 2015-12-31 | $2.18B | $823.0M | +60.78% |
| 2014 | 2014-12-31 | $1.35B | −$2.06B | −60.28% |
| 2013 | 2013-12-31 | $3.41B | $2.27B | +198.25% |
| 2012 | 2012-12-31 | $1.14B | $265.0M | +30.18% |
| 2011 | 2011-12-31 | $878.0M | −$2.10B | −70.47% |
| 2010 | 2010-12-31 | $2.97B | $6.65B | — |
| 2009 | 2009-12-31 | −$3.67B | $1.10B | — |
| 2008 | 2008-12-31 | −$4.77B | — | — |
Lincoln National quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$3.70B | −$2.32B | — |
| Q1 2026 | 2026-03-31 | −$1.38B | −$2.96B | — |
| Q4 2025 | 2025-12-31 | −$3.57B | −$4.02B | — |
| Q3 2025 | 2025-09-30 | −$4.90B | −$5.08B | — |
| Q2 2025 | 2025-06-30 | −$1.38B | −$2.07B | — |
| Q1 2025 | 2025-03-31 | $1.58B | −$523.0M | −24.82% |
| Q4 2024 | 2024-12-31 | $444.0M | −$2.30B | −83.80% |
| Q3 2024 | 2024-09-30 | $184.0M | — | — |
| Q2 2024 | 2024-06-30 | $691.0M | $3.96B | — |
| Q1 2024 | 2024-03-31 | $2.11B | $5.37B | — |
| Q4 2023 | 2023-12-31 | $2.74B | −$506.0M | −15.59% |
| Q2 2023 | 2023-06-30 | −$3.27B | −$8.20B | — |
| Q1 2023 | 2023-03-31 | −$3.27B | −$7.87B | — |
| Q4 2022 | 2022-12-31 | $3.25B | −$1.40B | −30.12% |
| Q3 2022 | 2022-09-30 | $5.49B | $1.18B | +27.34% |
| Q2 2022 | 2022-06-30 | $4.93B | $7.02B | — |
| Q1 2022 | 2022-03-31 | $4.60B | $5.65B | — |
| Q4 2021 | 2021-12-31 | $4.64B | −$757.0M | −14.01% |
| Q3 2021 | 2021-09-30 | $4.31B | $190.0M | +4.61% |
| Q2 2021 | 2021-06-30 | −$2.09B | −$4.62B | — |
| Q1 2021 | 2021-03-31 | −$1.05B | −$1.60B | — |
| Q4 2020 | 2020-12-31 | $5.40B | $1.08B | +24.90% |
| Q3 2020 | 2020-09-30 | $4.12B | $6.18B | — |
| Q2 2020 | 2020-06-30 | $2.54B | $4.99B | — |
| Q1 2020 | 2020-03-31 | $546.0M | $1.27B | — |
| Q4 2019 | 2019-12-31 | $4.33B | $984.0M | +29.45% |
| Q3 2019 | 2019-09-30 | −$2.06B | — | — |
| Q2 2019 | 2019-06-30 | −$2.45B | — | — |
| Q1 2019 | 2019-03-31 | −$725.0M | $1.28B | — |
| Q4 2018 | 2018-12-31 | $3.34B | −$154.0M | −4.41% |
| Q1 2018 | 2018-03-31 | −$2.01B | −$284.0M | — |
| Q4 2017 | 2017-12-31 | $3.50B | $1.09B | +45.56% |
| Q3 2017 | 2017-09-30 | −$1.51B | $1.68B | — |
| Q2 2017 | 2017-06-30 | −$1.53B | $2.33B | — |
| Q1 2017 | 2017-03-31 | −$1.72B | — | — |
| Q4 2016 | 2016-12-31 | $2.40B | $224.0M | +10.29% |
| Q3 2016 | 2016-09-30 | −$3.19B | — | — |
| Q2 2016 | 2016-06-30 | −$3.86B | — | — |
| Q4 2015 | 2015-12-31 | $2.18B | $823.0M | +60.78% |
| Q1 2015 | 2015-03-31 | −$3.24B | — | — |
| Q4 2014 | 2014-12-31 | $1.35B | −$2.06B | −60.28% |
| Q3 2014 | 2014-09-30 | −$1.57B | $576.0M | — |
| Q2 2014 | 2014-06-30 | −$1.26B | $809.0M | — |
| Q4 2013 | 2013-12-31 | $3.41B | $2.27B | +198.25% |
| Q3 2013 | 2013-09-30 | −$2.15B | $2.03B | — |
| Q2 2013 | 2013-06-30 | −$2.07B | $2.89B | — |
| Q1 2013 | 2013-03-31 | −$2.40B | $815.0M | — |
| Q4 2012 | 2012-12-31 | $1.14B | $265.0M | +30.18% |
| Q3 2012 | 2012-09-30 | −$4.17B | $110.0M | — |
| Q2 2012 | 2012-06-30 | −$4.96B | −$2.30B | — |
| Q1 2012 | 2012-03-31 | −$3.22B | −$1.35B | — |
| Q4 2011 | 2011-12-31 | $878.0M | −$2.10B | −70.47% |
| Q3 2011 | 2011-09-30 | −$4.28B | −$837.0M | — |
| Q2 2011 | 2011-06-30 | −$2.66B | $940.0M | — |
| Q1 2011 | 2011-03-31 | −$1.86B | $1.48B | — |
| Q4 2010 | 2010-12-31 | $2.97B | $6.65B | — |
| Q3 2010 | 2010-09-30 | −$3.45B | −$685.0M | — |
| Q2 2010 | 2010-06-30 | −$3.60B | −$1.52B | — |
| Q1 2010 | 2010-03-31 | −$3.34B | — | — |
| Q4 2009 | 2009-12-31 | −$3.67B | $1.10B | — |
| Q3 2009 | 2009-09-30 | −$2.76B | — | — |
| Q2 2009 | 2009-06-30 | −$2.08B | — | — |
| Q4 2008 | 2008-12-31 | −$4.77B | — | — |
Lincoln National net debt trends
Over the last five fiscal years, Lincoln National's net debt decreased from $5.40B to −$3.57B, a change of −$8.97B. The latest reported quarter, Q2 2026, shows −$3.70B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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