Nelnet, Inc. (FRA:NIJ)

Nelnet Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	847.32	973.4	1,110	742.81	523.84	619.66
Total Interest Expense	513.7	664.28	861.79	165.5	104.79	354.54
Net Interest Income	333.63	309.12	248.01	577.3	419.05	265.12
Gain (Loss) on Sale of Loans & Receivables	-1.52	-1.64	-17.66	-8.57	18.72	33.02
Gain (Loss) on Sale of Investments	180.14	-4.73	-133.51	-33.18	39.31	15.41
Other Revenue	727.12	663.91	564.42	472.09	380.93	393.87
Revenue Before Loan Losses	1,770	1,449	1,179	1,543	1,344	1,159
Provision for Loan Losses	65.02	94.1	8.12	34.97	-14.86	53.66
Revenue	1,705	1,355	1,171	1,508	1,359	1,105
Revenue Growth (YoY)	35.79%	15.70%	-22.35%	10.96%	22.97%	7.46%
Salaries & Employee Benefits	556.23	568.23	583.74	589.58	507.13	501.83
Cost of Services Provided	248.07	258.44	227.25	175.22	118.05	116.9
Other Operating Expenses	274.46	228.9	171.66	151.33	131.24	142.3
Total Operating Expenses	1,117	1,115	1,063	992	831.56	880.93
Operating Income	587.74	239.67	107.63	516.14	527.68	224.4
EBT Excluding Unusual Items	587.74	239.67	107.63	516.14	527.68	224.4
Restructuring Charges	-8.7	-8.7	-7.8	-	-	-
Gain (Loss) on Sale of Investments	-6.3	-0.54	-2.06	-6.56	-4.64	-8.12
Impairment of Goodwill	-	-	-18.87	-	-	-
Other Unusual Items	-7.81	0.05	0.82	1.23	-6.78	1.92
Pretax Income	558.4	228.58	68.72	501.85	502.11	450.49
Income Tax Expense	135.31	52.67	19.39	113.1	115.82	100.86
Earnings From Continuing Ops.	423.09	175.92	49.33	388.75	386.28	349.63
Minority Interest in Earnings	10.78	8.13	40.5	18.15	7	2.82
Net Income	433.86	184.05	89.83	406.9	393.29	352.44
Net Income to Common	433.86	184.05	89.83	406.9	393.29	352.44
Net Income Growth	284.04%	104.89%	-77.92%	3.46%	11.59%	148.54%
Shares Outstanding (Basic)	36	37	37	38	39	39
Shares Outstanding (Diluted)	36	37	37	38	39	39
Shares Change (YoY)	-1.17%	-2.07%	-0.50%	-2.51%	-1.25%	-2.47%
EPS (Basic)	11.91	5.02	2.40	10.82	10.20	9.02
EPS (Diluted)	11.91	5.02	2.40	10.82	10.20	9.02
EPS Growth	288.59%	109.22%	-77.81%	6.13%	13.00%	154.83%
Free Cash Flow	464.54	641.99	357.98	623.64	421.38	235.79
Free Cash Flow Per Share	12.75	17.52	9.57	16.59	10.92	6.04
Dividend Per Share	1.140	1.120	1.060	0.980	0.900	0.820
Dividend Growth	1.79%	5.66%	8.16%	8.89%	9.76%	10.81%
Operating Margin	34.47%	17.69%	9.19%	34.22%	38.82%	20.30%
Profit Margin	25.45%	13.58%	7.67%	26.98%	28.93%	31.89%
Free Cash Flow Margin	27.25%	47.38%	30.57%	41.35%	31.00%	21.33%
Effective Tax Rate	24.23%	23.04%	28.21%	22.54%	23.07%	22.39%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.