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 income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	1,409	1,559	1,616	1,508	1,466	1,325	1,460	1,480	1,495	1,400	1,158	1,137	1,061	1,081	1,011	1,002	1,018	1,075	857	580	322	0	0	0	0	0	0
Cost of Revenue	206	221	226	242	254	247	252	246	226	227	220	210	208	189	168	144	126	117	109	104	104	104	105	105	105	105	102	98	91	85	76	70	65	61	59	92	74	62	51	13
Gross Profit	–	–	–	–	–	–	–	–	–	–	–	–	–	1,220	1,390	1,473	1,382	1,349	1,216	1,356	1,376	1,391	1,295	1,053	1,032	957	979	913	911	933	999	786	515	261	-59	-92	-74	-62	-51	-13
Operating Expenses	984	948	927	898	894	883	883	912	905	900	892	856	851	839	834	812	784	760	726	740	749	763	781	768	779	775	763	739	722	717	689	648	584	524	485	458	443	434	433	443
Interest Expense	–	–	–	–	–	–	–	–	–	840	845	822	741	582	430	297	220	197	176	180	188	224	330	426	540	642	699	734	742	726	670	611	552	494	465	449	424	405	388	362
Interest & Investment Income	164	164	165	168	175	175	186	191	189	189	178	164	143	119	92	70	56	50	41	35	28	22	25	26	31	34	34	35	32	30	27	22	18	15	13	12	11	10	9.47	8.98
Asset Impairment Charges	–	–	30	-13	7.20	4.69	3.14	64	40	32	32	–	–	–	16	–	–	–	–	–	–	–	0	34	34	34	0	7.81	12	–	12	–	–	–	3.63	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	95	92	45	30	66	56	54	55	7.76	8.36	–	–	–	0	–	–	–	2.51	–	–	–	–	–
Pretax Income	354	526	556	558	420	241	229	111	163	132	69	135	212	293	502	644	584	585	502	636	660	658	450	199	151	74	177	143	158	190	286	309	322	299	227	340	402	403	399	377
Income Tax Expense	83	123	128	135	99	54	53	28	39	34	19	34	50	66	113	147	136	137	116	147	151	146	101	39	29	14	35	22	27	34	59	58	70	72	65	124	147	146	141	135
Net Income incl. Noncontrolling Interests	240	373	398	423	320	186	176	83	124	98	49	100	161	227	389	497	448	448	386	489	509	512	350	160	122	60	141	121	131	156	228	252	252	227	162	215	256	257	258	242
Minority Interest in Earnings	-62	-44	-30	-11	-9.10	-6.91	-8.13	-30	-31	-39	-40	-28	-28	-20	-18	-12	-9.44	-8.07	-7.00	-6.85	-5.26	-4.28	-2.82	0.02	0.27	0.20	-0.51	0.09	0.36	0.41	-0.39	-2.82	-5.79	-9.98	-11	-8.38	-5.54	-1.42	0.75	0.33
Net Income	302	417	428	434	330	193	184	113	155	137	90	129	189	247	407	509	458	456	393	496	514	517	352	160	122	60	142	121	131	156	228	254	258	237	173	223	261	259	257	242
Net Income to Common	302	417	428	434	330	193	184	113	155	137	90	129	189	247	407	509	458	456	393	496	514	–	352	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	8.36	11.48	11.79	11.90	9.03	5.29	5.02	3.07	4.18	3.68	2.40	3.43	5.05	6.58	10.82	13.43	12.01	11.91	10.20	12.84	13.32	13.37	9.02	4.12	3.09	1.49	3.54	3.00	3.22	3.82	5.57	6.21	6.27	5.74	4.14	5.29	6.16	6.09	6.02	5.56
EPS (Diluted)(per share)	8.36	11.48	11.79	11.90	9.03	5.29	5.02	3.07	4.18	3.68	2.40	3.43	5.05	6.58	10.82	13.43	12.01	11.91	10.20	12.84	13.32	13.37	9.02	4.12	3.09	1.49	3.54	3.00	3.22	3.82	5.57	6.21	6.27	5.74	4.14	5.29	6.16	6.09	6.02	5.56
Shares Outstanding (Basic, Weighted)(shares)	36	36	36	36	36	36	37	37	37	37	37	37	37	37	38	38	38	38	39	39	39	39	39	39	40	40	40	40	41	41	41	41	41	41	42	42	42	42	43	43
Shares Outstanding (Diluted, Weighted)(shares)	36	36	36	36	36	36	37	37	37	37	37	37	37	37	38	38	38	38	39	39	39	39	39	39	40	40	40	40	41	41	41	41	41	41	42	42	42	42	43	43
Total Interest Income	847	855	851	847	882	912	973	1,027	1,071	1,113	1,110	1,097	1,016	884	743	604	538	520	524	538	541	560	620	693	792	887	949	989	990	972	924	869	826	789	770	760	759	753	761	768
Net Interest Income	390	373	355	327	314	301	293	283	288	272	265	276	275	302	313	308	318	323	348	358	353	336	290	267	252	246	249	255	248	246	254	258	274	296	305	311	336	348	373	406
Non-Interest Income	–	–	–	–	–	–	–	–	–	–	–	–	–	1,107	1,246	1,309	1,190	1,142	977	1,102	1,127	1,159	1,110	891	885	816	831	757	754	772	821	791	715	606	479	595	600	567	524	427
Provision for Credit Losses	129	106	67	51	73	59	54	35	22	6.79	8.04	43	49	70	35	17	13	4.16	-12	-21	-33	-30	63	86	102	108	39	31	32	26	23	22	18	17	14	14	13	12	14	14
Premiums Earned	120	105	108	93	86	75	63	54	43	32	20	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY

Gross margin: –
Operating margin: –
Net margin: –
Return on equity, FY2025: 12.2%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 15.0
Price to sales: –
Price to book: 1.20
Dividend yield: –