Navient Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	3,108	3,809	4,419	3,223	2,648
Total Interest Expense	2,589	3,203	3,546	1,972	1,286
Net Interest Income	519	606	873	1,251	1,362
Gain (Loss) on Sale of Loans & Receivables	-	-	-	-	78
Other Revenue	40	301	342	409	603
Revenue Before Loan Losses	610	961	1,279	1,737	2,211
Provision for Loan Losses	280	113	123	79	-61
Revenue	330	848	1,156	1,658	2,272
Revenue Growth (YoY)	-61.09%	-26.64%	-30.28%	-27.02%	48.21%
Salaries & Employee Benefits	-	316	401	444	569
Cost of Services Provided	421	-	-	-	-
Other Operating Expenses	-	364	399	332	638
Total Operating Expenses	424	688	810	795	1,237
Operating Income	-94	160	346	863	1,035
EBT Excluding Unusual Items	-94	160	346	863	1,035
Restructuring Charges	-17	-39	-25	-36	-26
Impairment of Goodwill	-	-137	-	-	-
Other Unusual Items	-	-	-8	-	-73
Pretax Income	-111	174	313	827	936
Income Tax Expense	-31	43	85	182	219
Earnings From Continuing Ops.	-80	131	228	645	717
Net Income	-80	131	228	645	717
Net Income to Common	-80	131	228	645	717
Net Income Growth	-	-42.54%	-64.65%	-10.04%	74.03%
Shares Outstanding (Basic)	99	109	122	142	170
Shares Outstanding (Diluted)	99	111	123	144	172
Shares Change (YoY)	-10.81%	-9.76%	-14.58%	-16.28%	-11.79%
EPS (Basic)	-0.81	1.20	1.87	4.54	4.22
EPS (Diluted)	-0.81	1.18	1.85	4.49	4.18
EPS Growth	-	-36.22%	-58.80%	7.42%	97.17%
Dividend Per Share	0.640	0.640	0.640	0.640	0.640
Operating Margin	-28.48%	18.87%	29.93%	52.05%	45.55%
Profit Margin	-24.24%	15.45%	19.72%	38.90%	31.56%
Effective Tax Rate	-	24.71%	27.16%	22.01%	23.40%

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