Lincoln International Q2 FY26 GAAP net income turns to profit at $455,000; revenue rises 51% to $225.7 million

LCLN•2026-08-06

Lincoln International posted GAAP net income of $455,000, or $0.01 per diluted share, on revenue of $225.7 million, up 51% year over year.
Adjusted net income rose to $28.7 million, or $0.26 per diluted share, while adjusted operating income climbed to $45.8 million.
Investment Banking Advisory revenue increased 56% to $177.7 million; Valuations and Opinions revenue grew 35% to $47.9 million.
GAAP operating results swung to a $15.9 million loss, due to IPO-related expenses and the October 2025 MarshBerry acquisition.
The board declared a $0.07 quarterly dividend payable Sept. 15; CEO Rob Brown cited record revenue despite macro uncertainty and rising firmwide activity.

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