Earnings Releases·Nov 5, 2026, 7:17 AM ET

Lincoln International — Third Quarter 2026 Earnings Summary

Total revenues reached $293.7 million for the quarter (up 57% YoY) and $677.1 million year-to-date (up 45% YoY), driven by a 70% surge in Investment Banking Advisory revenue and the acquisition of MarshBerry.
Adjusted net income rose 150% YoY to $50.2 million ($0.46 adjusted diluted EPS) with adjusted operating margins expanding to 24.5% from 13.5% in the prior year period.
The company reported net cash of $261.2 million as of September 30, 2026, following a reduction in long-term debt to $101.9 million from $270.4 million at year-end 2025.
Management declared a quarterly cash dividend of $0.07 per share and cited a strong fourth-quarter outlook supported by healthy pipeline activity and continued client engagement.