Nelnet, Inc. (NNI)
NYSE: NNI · Real-Time Price · USD
125.67
-0.16 (-0.13%)
Aug 18, 2026, 4:00 PM EDT - Market closed
Nelnet Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Revenue Revenue Growth | 1,489 | 1,673 | 1,355 | 1,171 | 1,508 | 1,359 |
Revenue Growth | -4.53% | 23.46% | 15.70% | -22.35% | 10.96% | 22.97% |
Operating Income Operating Income Growth | 358.36 | 560.79 | 238.07 | 107.63 | 516.14 | 527.68 |
Net Income Net Income Growth | 302.24 | 428.47 | 184.05 | 89.83 | 406.9 | 393.29 |
Earnings Per Share EPS Growth | 8.37 | 11.79 | 5.02 | 2.40 | 10.82 | 10.20 |
EPS Growth | -7.44% | 134.74% | 109.22% | -77.81% | 6.13% | 13.00% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Loan Servicing and Systems (LSS) Loan Servicing and Systems (LSS) Growth | 550.62 | 534.15 | 514.55 | 554.3 | 571.31 | 523.67 |
Asset Generation and Management Asset Generation and Management Growth | 177.69 | 173.55 | 120.77 | 132.38 | 487.59 | 471.67 |
Nelnet Bank Nelnet Bank Growth | 64.53 | 40.95 | 21.17 | 14.74 | 13.08 | 6.13 |
Nfs Other Operating Segments Nfs Other Operating Segments Growth | 172.66 | 160.85 | 116.76 | 71.76 | 18.56 | 45.16 |
Corporate and Other Activities Corporate and Other Activities Growth | 21.65 | 258.34 | 98.17 | -53.63 | 27.18 | 1.48 |
Eliminations/ Reclassifications Eliminations/ Reclassifications Growth | -20.73 | -22.03 | -24.64 | -29.16 | -33.25 | -33.97 |
Education Technology Services and Payments (ETSP) Education Technology Services and Payments (ETSP) Growth | 542.11 | 533.89 | 517.07 | 490.53 | 418 | 339.32 |
Total Total Growth | 1,509 | 1,680 | 1,364 | 1,181 | 1,502 | 1,353 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash & Investments Cash & Investments Growth | 175.21 | 296.6 | 197.75 | 168.56 | 118.15 | 125.56 |
Total Debt Total Debt Growth | 7,043 | 7,796 | 8,321 | 11,845 | 14,654 | 17,647 |
Net Cash (Debt) Net Cash Growth | -6,868 | -7,499 | -8,124 | -11,676 | -14,535 | -17,521 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -190.10 | -206.35 | -221.70 | -312.06 | -386.55 | -454.24 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Cash Flow Operating Cash Flow Growth | 401.07 | 422.99 | 662.89 | 432.03 | 683.06 | 480.33 |
Capital Expenditures CapEx Growth | -37.04 | -26.24 | -20.9 | -74.05 | -59.42 | -58.95 |
Free Cash Flow Free Cash Flow Growth | 364.03 | 396.75 | 641.99 | 357.98 | 623.64 | 421.38 |
Free Cash Flow Growth | -26.66% | -38.20% | 79.34% | -42.60% | 48.00% | 78.71% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | 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 |
Operating Margin | 24.07% | 33.52% | 17.57% | 9.19% | 34.22% | 38.82% |
Pretax Margin | 21.76% | 31.46% | 16.87% | 5.87% | 33.28% | 36.94% |
Profit Margin | 20.30% | 25.61% | 13.58% | 7.67% | 26.98% | 28.93% |
FCF Margin | 24.45% | 23.72% | 47.38% | 30.57% | 41.35% | 31.00% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 19, 2026 | 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 |
Dividend Per Share Dividend Per Share Growth | 1.320 | 1.190 | 1.120 | 1.060 | 0.980 | 0.900 |
Dividend Per Share Growth | 15.79% | 6.25% | 5.66% | 8.16% | 8.89% | 9.76% |
Dividend Yield | 1.05% | 0.90% | 1.06% | 1.23% | 1.12% | 0.97% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 19, 2026 | 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 |
PE Ratio | 15.02 | 11.15 | 21.06 | 36.66 | 8.28 | 9.50 |
Forward PE | 15.09 | 17.13 | 19.67 | 15.67 | 14.41 | 12.44 |
P/FCF Ratio | 12.35 | 12.04 | 6.04 | 9.20 | 5.40 | 8.87 |
PS Ratio | 3.02 | 2.86 | 2.86 | 2.81 | 2.23 | 2.75 |