Nelnet, Inc.

Nelnet, Inc.

NNIยทNYSE

$127.71

-1.1%
Financial ServicesFinancial - Credit Services

Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community engagement, giving management, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

At a Glance

Live Snapshot
Market Cap$4.59B
EPS11.5800
P/E Ratio11.03
Earnings Date08/05/2026
3Y+25.0%
5Y+65.0%
10Y+90.0%
3Y+5.0%
5Y+22.0%
10Y+67.0%
3Y-38.0%
5Y+21.0%
10Y+30.0%
Nelnet, Inc.

Nelnet, Inc. Profit Bridge

NNI ยท NYSE
Revenue2.26B
Cost of Goods Sold (293.41M)
Gross Profit1.97B
Operating Expenses (821.71M)
Operating Income1.14B
Interest Expense (496.95M)
Other Income/Expense-618.56M
Pretax Income526.33M
Income Tax (127.99M)
Net Income428.47M
Net Income
428.47M

Profitability Analysis

Gross Margin

87.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

50.6%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

18.9%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

24.3%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Nelnet, Inc. Income Statement

NNI โ€ข NYSE

Nelnet, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
2.3B
1.8B
1.8B
1.8B
1.4B
1.4B
1.7B
1.7B
1.2B
1.2B
1.1B
1.1B
1.1B
919.8M
892.4M
969.9M
960.3M
1.4B
2B
1.8B
GROSS PROFIT
(293.4M)
(735.1M)
(853.2M)
(465.1M)
(163.8M)
(393.4M)
(738.3M)
(692.9M)
(479.6M)
(401.7M)
(312.4M)
(282.7M)
(249.4M)
(290.1M)
(249.5M)
(255.6M)
(413.9M)
(1.1B)
(1.5B)
(1.3B)
2B
1.1B
961.1M
1.4B
1.3B
979.2M
939.4M
987.4M
698.7M
792.1M
798.3M
825.1M
805.7M
629.7M
642.9M
714.3M
546.4M
381M
493.5M
494.5M
OPERATING INCOME
(821.7M)
(882.9M)
(892.4M)
(850M)
(751.9M)
(528.7M)
(762.7M)
(701.1M)
(472M)
(393.3M)
(377.6M)
(355.6M)
(340.1M)
(355.2M)
(321.1M)
(411.8M)
(330.7M)
(336.3M)
(436.3M)
(392.1M)
(0.0)
(632.2M)
(608.3M)
(589.7M)
(507.1M)
(501.8M)
(463.5M)
(436.2M)
(301.9M)
(255.9M)
(247.9M)
(228.1M)
(196.2M)
(192.8M)
(178M)
(166M)
(155.5M)
(185.6M)
(254M)
(253.9M)
1.1B
228.6M
68.7M
501.8M
502.1M
450.5M
176.7M
286.3M
226.7M
398.8M
420.6M
469.5M
465.5M
274.5M
321.8M
302.5M
215.7M
44.7M
57.1M
102.4M
PRE-TAX INCOME
(497M)
(680.5M)
(845.1M)
(430.1M)
(176.2M)
(330.1M)
(699.3M)
(669.9M)
(465.2M)
(388.2M)
(302.2M)
(273.2M)
(230.9M)
(268.6M)
(228.3M)
(232.9M)
(384.9M)
(1B)
(1.5B)
(1.2B)
369.1M
292.9M
264.7M
312.7M
347.6M
289.6M
249.4M
254.4M
305.2M
372.6M
431.9M
436.6M
413.9M
345.3M
364.6M
371.1M
235.3M
187.9M
244.6M
308.5M
(821.7M)
(250.8M)
(284.1M)
(260.2M)
(244.8M)
(26.9M)
(299.2M)
(264.9M)
(170.1M)
(137.4M)
(129.7M)
(127.5M)
(144M)
(162.4M)
(143.2M)
(245.8M)
(175.2M)
(150.6M)
(182.3M)
(138.3M)
-618.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
526.3M
228.6M
68.7M
501.8M
502.1M
450.5M
176.7M
286.3M
226.7M
398.8M
420.6M
469.5M
465.5M
274.5M
321.8M
302.5M
215.7M
44.7M
57.1M
102.4M
NET INCOME
(128M)
(52.7M)
(19.4M)
(113.1M)
(115.8M)
(100.9M)
(35.5M)
(58.8M)
(64.9M)
(141.3M)
(152.4M)
(160.2M)
(161.2M)
(96.1M)
(117.5M)
(113.4M)
(76.6M)
(17.9M)
(21.7M)
(36.2M)
428.5M
184M
89.8M
406.9M
393.3M
352.4M
141.8M
227.9M
173.2M
256.8M
268M
307.6M
302.7M
178M
204.3M
189M
139.1M
28.7M
32.9M
65.9M

SEC Filings

NNI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 18, 2026
May 14, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 02, 2026
May 14, 2026
2026
8-K

8-K 2026

N/A

April 02, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

March 23, 2026
March 23, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

February 02, 2026
February 02, 2026
2026
Showing 1 to 10 of 396 filings