NNINYSEPersonal Credit InstitutionsFiscal year ends December 31
NELNET INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$125.10−2.32 (-1.82%)
Close on Oct 19, 2026
- Market cap
- $4.51B
- P/E (TTM)
- 15.0
- Dividend yield
- –
NELNET INC revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tuition Payment Processing and Campus Commerce [Member] | – | – | – | – | – | – | – | – | $0 | $0 | – | – |
| Loan Systems and Servicing [Member] | – | – | – | – | – | – | – | – | $41.67M | $45.38M | – | – |
| Asset Generation and Management | – | – | – | – | – | – | – | – | $0 | $0 | – | – |
| Eliminations/ Reclassifications | – | – | – | – | – | – | – | – | – | -$45.38M | – | – |
| Corporate and Other Activities | – | – | – | – | – | – | – | – | – | $0 | – | – |
| Communications [Member] | – | – | – | – | – | – | – | – | $0 | $0 | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan servicing and systems revenue | $509.09M | $482.41M | $517.95M | $535.46M | $486.36M | $451.56M | $455.26M | $440.03M | $223.00M | $214.85M | 16.1% | +5.5% |
| Loan servicing and systems revenue | $509.09M | $482.41M | $517.95M | $535.46M | $486.36M | $451.56M | $455.26M | $440.03M | $223.00M | $214.85M | 16.1% | +5.5% |
| Education technology services and payments revenue | $507.15M | $486.96M | $463.31M | $408.54M | $338.23M | $282.20M | $277.33M | $221.96M | $193.19M | $175.68M | 16.0% | +4.1% |
| Education technology services and payments revenue | $507.15M | $486.96M | $463.31M | $408.54M | $338.23M | – | – | – | – | – | 16.0% | +4.1% |
| Government Loan Servicing | $363.97M | $380.92M | $412.48M | $423.07M | $360.79M | $326.67M | – | – | – | – | 11.5% | -4.5% |
| Payment processing | $193.32M | $179.04M | $163.86M | $148.21M | $127.08M | $114.30M | $110.85M | $84.29M | $71.65M | $64.10M | 6.1% | +8.0% |
| Education technology services | $171.48M | $169.07M | $170.75M | $146.68M | $105.98M | – | – | – | – | – | 5.4% | +1.4% |
| Tuition payment plan services | $141.25M | $135.85M | $125.33M | $110.80M | $103.97M | $100.67M | $106.68M | $85.38M | $76.75M | $72.41M | 4.5% | +4.0% |
| Reinsurance premiums earned | $107.50M | $62.92M | $20.07M | $157.00K | – | – | – | – | – | – | 3.4% | +70.8% |
| Private education and consumer loan servicing | $94.47M | $63.45M | $48.98M | $49.21M | $47.30M | $32.49M | $36.79M | $41.47M | $28.06M | $15.60M | 3.0% | +48.9% |
| Software services | $38.42M | $21.03M | $29.21M | $33.41M | $34.60M | $42.00M | $41.08M | $32.93M | $17.78M | $18.13M | 1.2% | +82.7% |
| FFELP loan servicing | $8.88M | $12.21M | $13.70M | $16.02M | $18.28M | $20.18M | – | – | – | – | 0.3% | -27.3% |
| Investment advisory services (WRCM) | $6.37M | $5.93M | $6.76M | $6.03M | $7.77M | $10.88M | $2.94M | $6.01M | $12.72M | $6.13M | 0.2% | +7.3% |
| Outsourced services | $3.35M | $4.79M | $13.58M | – | $25.39M | $30.22M | $8.70M | $8.69M | $5.79M | $3.88M | 0.1% | -30.0% |
| Other | $1.11M | $3.00M | $3.37M | $2.85M | $1.21M | $502.00K | $1.22M | $1.14M | $244.00K | $869.00K | 0.0% | -63.2% |
| Solar construction revenue | $0 | $0 | $0 | $0 | $0 | $0 | – | – | – | – | 0.0% | – |
| Communications revenue | – | – | – | – | – | $76.64M | $64.27M | $44.65M | $25.70M | $17.66M | – | – |
| Education technology services | – | – | – | $146.68M | $105.98M | $66.72M | $58.58M | $51.16M | $44.54M | $38.31M | – | – |
| FFELP loan servicing | – | – | – | – | $18.28M | $20.18M | $25.04M | $31.54M | $15.54M | $15.95M | – | – |
| Government servicing - Great Lakes | – | – | – | – | $193.21M | $179.87M | $185.66M | $168.30M | $0 | $0 | – | – |
| Government servicing - Nelnet | – | – | – | – | $167.58M | $146.80M | $157.99M | $157.09M | $155.83M | $151.73M | – | – |
| Internet | – | – | – | – | – | $48.36M | $38.24M | $24.07M | $11.98M | $7.03M | – | – |
| Other | – | – | – | – | – | $153.00K | $129.00K | $89.00K | $103.00K | $88.00K | – | – |
| Telephone | – | – | – | – | – | $11.04M | $9.71M | $7.55M | $5.60M | $4.77M | – | – |
| Television | – | – | – | – | – | $17.09M | $16.20M | $12.95M | $8.02M | $5.77M | – | – |
| Communications | – | – | – | $0 | $0 | $76.64M | $64.27M | $44.65M | $25.70M | $17.66M | – | – |
| Management fee revenue | – | $2.77M | $2.59M | $2.54M | $3.31M | $9.42M | $9.74M | $7.28M | $0 | $0 | – | – |
| FFELP Guarantee Collection and Servicing | – | – | – | – | – | – | – | $0 | $0 | $9.56M | – | – |
| Enrollment services revenue | – | – | – | – | – | – | – | $0 | $0 | $4.33M | – | – |
| Outsourced services | – | $4.79M | $13.58M | $13.76M | $25.39M | $30.22M | – | – | – | – | – | – |
| Operations and maintenance | – | – | $195.00K | – | – | – | – | – | – | – | – | – |
| Solar construction | – | – | $31.47M | – | – | – | – | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of Nelnet's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.