Lincoln International Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Asset Management Fee	-	-	-	-	-	0.21
Underwriting & Investment Banking Fee	855.38	753.76	554.87	493.98	617.26	303.59
Other Revenue	18.29	18.29	17.19	14.33	18.4	17.72
Revenue	873.68	772.05	572.06	508.31	635.66	321.52
Revenue Growth	-	34.96%	12.54%	-20.03%	97.71%	-
Salaries & Employee Benefits	483.14	384.39	284.42	242.23	224	137.15
Cost of Services Provided	127.75	108.89	96.78	82.34	54.63	44.22
Other Operating Expenses	45.22	15.15	18.2	5.58	9.79	8.91
Total Operating Expenses	712.85	546.24	413.29	337.53	292.1	192.46
Operating Income	160.83	225.81	158.77	170.79	343.56	129.05
Other Non-Operating Income (Expenses)	-9.18	3.93	10	7.92	-	-
EBT Excluding Unusual Items	151.64	229.75	168.76	178.71	343.56	129.05
Merger & Restructuring Charges	-9.89	-9.89	-1.28	-6.61	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.58	-
Pretax Income	141.75	219.85	167.48	172.1	344.14	129.05
Income Tax Expense	6.14	5.72	3.89	8.08	21.66	2.31
Earnings From Continuing Ops.	135.62	214.13	163.59	164.01	322.48	126.74
Minority Interest in Earnings	20.55	-	-2.86	-0.96	-1.86	0.91
Net Income	156.16	214.13	160.74	163.05	320.61	127.65
Net Income to Common	156.16	214.13	160.74	163.05	320.61	127.65
Net Income Growth	-	33.22%	-1.42%	-49.15%	151.16%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Free Cash Flow	239.2	214.44	140.73	168.12	357.89	132.3
Operating Margin	18.41%	29.25%	27.75%	33.60%	54.05%	40.14%
Profit Margin	17.87%	27.74%	28.10%	32.08%	50.44%	39.70%
Free Cash Flow Margin	27.38%	27.77%	24.60%	33.07%	56.30%	41.15%
Effective Tax Rate	4.33%	2.60%	2.32%	4.70%	6.30%	1.79%
Revenue as Reported	783.81	783.81	578.75	518.33	640.65	324.63

SEC Filings: 10-K · 10-Q