Lincoln International Posts Record Q3 Revenue of $293.7 Million, Up 57%

what happened

Investment bank Lincoln International reported record third-quarter 2026 revenue of $293.7 million, up 57% from a year earlier. Revenue for the first nine months reached $677.1 million, a 45% increase. According to TradingView, which carried the company's press release, net income attributable to Lincoln International was $9.9 million, or $0.25 per diluted share, while adjusted net income rose to $50.2 million, or $0.46 per share.

Investment Banking Advisory revenue climbed 70% to $239.9 million, driven by more completed transactions, higher average fees and the MarshBerry acquisition. The Valuations and Opinions unit brought in $53.8 million, 18% above the prior-year level. The company also declared a quarterly dividend of $0.07 per share, payable on December 15, 2026.

why it matters

The results suggest demand for mergers and acquisitions advice and independent valuations remains strong. For investors, this points to healthy deal activity in corporate markets, though higher expenses, including those tied to MarshBerry, narrowed the gap between GAAP and adjusted profit.

market impact

Investment banks and M&A market: strong deal demand supports Lincoln International's revenue

• ▲Lincoln International shares pressure up — record revenue and higher adjusted profit support investor interest in the stock

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instruments