Lincoln International Reports Strong Q3 2026 Results Driven by M&A Activity and MarshBerry Acquisition
Lincoln International (LCLN) delivered robust third-quarter 2026 financial results, reporting revenue of $293.7 million, a significant 57% increase year-over-year. This growth was primarily fueled by heightened merger and acquisition activity, increased demand for private market valuations, and the successful integration of MarshBerry. Investment banking advisory revenue surged 70%, while valuation services grew by 18%. The company demonstrated strong operational efficiency with an adjusted operating margin of 25%. Despite a recovery in transaction volumes—with 93 closed deals this quarter—management issued cautious guidance for the fourth quarter, expecting it to represent the lower end of the 30% to 40% annual revenue range. Looking ahead, leadership noted potential tax headwinds starting in 2027 and rising foreclosure activity due to tightening lender constraints.
Tickers: $LCLN