SuperworthLincoln National shares outstanding LNC
Diluted shares outstanding, averaged over each quarter, from 2009.
- Latest quarter, to Jun 30, 2026
- 196.4M
- On a year earlier
- +8.8%
- more shares
Lincoln National had 196.4M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 8.8% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 195.6M | +12% |
| FY2024 | 174M | +3% |
| FY2023 | 169.7M | −1% |
| FY2022 | 170.6M | −7% |
| FY2021 | 182.7M | −4% |
| FY2020 | 190.1M | −5% |
| FY2019 | 199M | −7% |
| FY2018 | 215M | −4% |
| FY2017 | 222.8M | −2% |
| FY2016 | 227.7M | −9% |
| FY2015 | 250M | −5% |
| FY2014 | 264.1M | −3% |
| FY2013 | 272.8M | −3% |
| FY2012 | 281.1M | −6% |
| FY2011 | 297.9M | −8% |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 196.4M | +9% | |
| Q1 FY26 | 196.5M | +13% | |
| Q4 FY25 | 195.6M | +12% | |
| Q3 FY25 | 194.3M | +12% | |
| Q2 FY25 | 180.6M | +4% | |
| Q1 FY25 | 174.1M | +1% | |
| Q4 FY24 | 174M | +3% | |
| Q3 FY24 | 172.8M | +1% | |
| Q2 FY24 | 172.9M | +1% | |
| Q1 FY24 | 171.8M | +1% | |
| Q4 FY23 | 169.7M | −1% | |
| Q3 FY23 | 170.9M | −0% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Lincoln National
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.