Nelnet, Inc.
NYSE•NNI
CEO: Mr. Jeffrey R. Noordhoek
Sector: Financial Services
Industry: Financial - Credit Services
Listing Date: 2003-12-12
Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also offers student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and technology services. The Education Technology Services and Payments segment provides financial management services; school information system software; website design and cost-effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community, giving, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates as an internet industrial bank. It also offers investment advisory, insurance, and reinsurance services, as well as engages in real estate investment business. The company was incorporated in 1977 and is headquartered in Lincoln, Nebraska.
Contact Information
Market Cap
$5.11B
P/E (TTM)
12.1
29.2
Dividend Yield
0.9%
52W High
$144.38
52W Low
$104.50
52W Range
Rank37Top 34.1%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$503.95M+0.00%
4-Quarter Trend
EPS
$1.57+0.00%
4-Quarter Trend
FCF
$130.12M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Consolidated Net Income Soars Net income attributable to Nelnet, Inc. reached $428.5M in 2025, a substantial increase from $184.0M in 2024, driven by strong segment performance.
LSS Margin Expansion Noted LSS before-tax margin, excluding $32.9M non-recurring revenue, improved to 12.9% in 2025, reflecting cost reductions and higher private loan volumes.
Nelnet Bank Returns Profitability Nelnet Bank achieved $11.1M net income in 2025, up from a $1.4M loss in 2024, supported by loan portfolio growth to $957.6M.
Significant ALLO Redemption Gain The Company recognized a substantial pre-tax gain of $175.0M from the partial redemption of its voting membership interest in ALLO in June 2025.
Risk Factors
FFELP Portfolio Amortization Interest income from the existing FFELP loan portfolio will continue to decline over time as the portfolio pays down following 2010 origination halt.
Increased Unsecured Credit Risk Active expansion into private education and consumer loan portfolios increases overall exposure to unsecured credit risk and potential loan losses.
Interest Rate Basis Mismatch AGM faces basis risk due to differing interest rate reset timings between variable-rate assets and SOFR-indexed funding liabilities.
Complex Regulatory Environment All businesses face risks from complex, evolving domestic and international laws regarding data privacy, banking, and government contracting compliance.
Outlook
FFELP Servicing Revenue Decline FFELP servicing revenue is expected to decrease consistently as these legacy loan portfolios amortize and pay off over future periods.
Solar Tax Credit Viability Future solar tax equity returns depend on complex federal laws; risks include tax credit recapture and accelerated expiration timelines.
Technology Investment Needs Continued cost-effective enhancement of IT systems and infrastructure is required to maintain competitive advantage in LSS and ETSP segments.
Bank Loan Growth Focus Nelnet Bank plans to leverage increased deposit balances to fund growth through private education and unsecured consumer loan acquisitions.
Peer Comparison
Revenue (TTM)
$143.47B
$19.91B
$3.16B
Gross Margin (Latest Quarter)
98.8%
95.7%
90.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| IX | $36.23B | 12.3 | 10.9% | 37.0% |
| SNEX | $8.16B | 14.6 | 16.4% | 42.4% |
| CACC | $5.38B | 12.9 | 26.6% | 66.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.6%
Moderate Growth
4Q Net Income CAGR
-11.2%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 6, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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