NNI · Nelnet Inc
$134.23
+0.72 (+0.54%)
At close · Jul 27
Market Cap
$4.79B
Shares
35.93M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$0
FY2017
Net Income
$428.47M
+132.8%
FY2025
Diluted EPS
$11.79
+134.9%
FY2025
Operating Cash Flow
$422.99M
-36.2%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| $854.86M | $851.46M | $973.4M | $1.11B | $742.81M | $523.84M | $619.66M | $948.68M | $924.27M | $770.43M | $760.75M | $734.11M | $709.8M | $644.81M | $613.85M | $592.85M | $603.93M | $620.21M | |
| $373.44M | $354.51M | $292.86M | $264.71M | $312.67M | $347.6M | $289.59M | $249.35M | $254.36M | $305.24M | $372.56M | $431.9M | $436.56M | $413.88M | $345.29M | $364.57M | $371.07M | $235.35M | |
| $1.11B | — | — | — | $1.25B | $977.08M | $1.11B | $831.25M | $820.81M | $479.06M | $524.22M | $468.11M | $494.97M | $499.14M | $384.28M | $386.13M | $457.57M | $414.99M | |
| $105.35M | $107.5M | $62.92M | $20.07M | $157K | $0 | — | — | — | — | — | — | — | — | — | — | — | — | |
| $220.8M | $226.27M | $252.33M | $219.76M | $168.37M | $108.66M | $105.02M | $102.03M | $76.49M | $58.63M | $51.18M | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | -$58.63M | -$51.18M | — | — | — | — | — | — | — | |
| $9.2M | $7M | $8.5M | $17M | $15M | $23M | $30.8M | $32.8M | $30.2M | $9.4M | $11.6M | $9.8M | $6.5M | $3.3M | $19M | $17.1M | $22.7M | — | |
| $88.66M | $90.62M | $132.53M | $145.39M | $176.25M | $132.33M | $198.47M | $192.66M | $184.68M | $137.82M | $122.55M | $123.74M | $107.97M | $79.48M | $116.78M | $103.47M | $101M | $38.5M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $0 | $0 | $6.02M | $7.98M | |
| $943.08M | $927.09M | $882.93M | $892.43M | $834.43M | $726.34M | $781.11M | $762.82M | $689.39M | $484.54M | $433.29M | $469.22M | $452.51M | $428.98M | $433.56M | $407.66M | $503.49M | $405.63M | |
| $840.22M | — | — | $845.09M | $430.14M | $176.23M | $330.07M | $699.33M | $669.91M | $465.19M | $388.18M | $302.21M | $273.24M | $230.94M | $268.57M | $228.29M | $232.86M | $384.86M | |
| $164.19M | $165.37M | $185.9M | $177.86M | $91.6M | $41.5M | $24.54M | $34.42M | $26.6M | $12.7M | $9.47M | $7.85M | $6.79M | $6.67M | $4.62M | $3.17M | $5.26M | $10.29M | |
| — | — | — | -$46.7M | -$9.5M | -$10.1M | — | — | $7.2M | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | $91.59M | $56.4M | $8.36M | $0 | $2.51M | $2.77M | $143K | $7.29M | $6.16M | $7.51M | $3.18M | $1.1M | — | |
| $525.98M | $556.46M | $228.58M | $68.72M | $501.85M | $502.11M | $450.49M | $176.75M | $286.29M | $226.68M | $398.81M | $420.64M | $469.52M | $465.53M | $274.51M | $321.79M | $302.45M | $215.7M | |
| $123.04M | $127.99M | $52.67M | $19.39M | $113.1M | $115.82M | $100.86M | $35.45M | $58.77M | $64.86M | $141.31M | $152.38M | $160.24M | $161.19M | $96.08M | $117.45M | $113.42M | $76.57M | |
| $417.04M | $428.47M | $184.05M | $89.83M | $406.9M | $393.29M | $352.44M | $141.8M | $227.91M | $173.17M | $256.75M | $267.98M | $307.61M | $302.67M | $178M | $204.34M | $189.03M | $139.13M | |
| -$44.22M | -$30.13M | -$8.13M | -$40.5M | -$18.15M | -$7M | -$2.82M | -$509K | -$389K | -$11.35M | $750K | $285K | $1.67M | $1.67M | $431K | $0 | $0 | — | |
| $417.04M | $428.47M | $184.05M | $89.83M | $406.9M | $393.29M | $352.44M | $141.8M | — | — | — | — | — | — | $176.65M | $203.07M | $187.82M | — | |
| $413.94M | $429.62M | $205.63M | $107.07M | $360.23M | $396.49M | $355.57M | $140.89M | $227.92M | $173.05M | $259.2M | $265.13M | $307.93M | $304.68M | $180.81M | $204.34M | $189.03M | — | |
| USD/shares | — | $11.79 | $5.02 | $2.40 | $10.82 | $10.20 | $9.02 | $3.54 | — | — | — | — | — | — | $3.76 | $4.24 | $3.82 | $2.79 |
| USD/shares | — | $11.79 | $5.02 | $2.40 | $10.82 | $10.20 | $9.02 | $3.54 | — | — | — | — | — | — | $3.74 | $4.23 | $3.81 | $2.78 |
| shares | — | 36.34M | 36.64M | 37.42M | 37.6M | 38.57M | 39.06M | 40.05M | 40.91M | 41.79M | 42.67M | 45.53M | 46.47M | 46.57M | 47.01M | 47.86M | 49.13M | 49.48M |
| shares | — | 36.34M | 36.64M | 37.42M | 37.6M | 38.57M | 39.06M | 40.05M | 40.91M | 41.79M | 42.67M | 45.53M | 46.47M | 46.57M | 47.24M | 48.05M | 49.33M | 49.69M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $848.75M in buybacks, $505.46M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
11.60×
Peer median 13.19×
Peer medians compare against the 24 similar-size Credit Services companies (of 40 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Loan Servicing and Systems Segment | $509,089,000 | $482,408,000 | $517,954,000 | $535,459,000 | $486,363,000 | $451,561,000 | $455,255,000 | $440,027,000 |
| Education Technology Services and Payment Segment | $507,150,000 | $486,962,000 | $463,311,000 | — | — | — | — | — |
| Asset Generation and Management Segment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Nelnet Bank | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Communications Segment | — | — | — | — | $0 | $76,643,000 | $64,269,000 | $44,653,000 |
| Education Technology Services And Payment Processing Services Segment | — | — | — | $408,543,000 | $338,234,000 | $282,196,000 | $277,331,000 | $221,962,000 |
| Education Technology Services and Payments Segment | — | $486,962,000 | $463,311,000 | $408,543,000 | $338,234,000 | — | — | — |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Loan Servicing and Systems | $509,089,000 | $482,408,000 | $517,954,000 | $535,459,000 | $486,363,000 | $451,561,000 | — | $455,255,000 |
| Loan Servicing and Systems Revenue | $509,089,000 | $482,408,000 | $517,954,000 | $535,459,000 | $486,363,000 | $451,561,000 | — | $455,255,000 |
| Education Technology Services And Payment Processing Services | $507,150,000 | $486,962,000 | $463,311,000 | $408,543,000 | $338,234,000 | $282,196,000 | — | $277,331,000 |
| Education Technology Services and Payments | $507,150,000 | $486,962,000 | $463,311,000 | $408,543,000 | $338,234,000 | — | — | — |
| Government Loan Servicing | $363,970,000 | $380,921,000 | $412,478,000 | $423,066,000 | $360,793,000 | $326,670,000 | — | — |
| Payment Processing | $193,317,000 | $179,043,000 | $163,859,000 | $148,212,000 | $127,080,000 | $114,304,000 | — | $110,848,000 |
| Education Technology Services | $171,481,000 | $169,065,000 | $170,754,000 | $146,679,000 | $105,975,000 | — | — | — |
| Tuition Payment Plan Services | $141,246,000 | $135,851,000 | $125,326,000 | $110,802,000 | $103,970,000 | $100,674,000 | — | $106,682,000 |
| Reinsurance Premiums Earned | $107,502,000 | $62,923,000 | $20,067,000 | $157,000 | — | — | — | — |
| Private Education and Consumer Loan Servicing | $94,472,000 | $63,453,000 | $48,984,000 | $49,210,000 | $47,302,000 | $32,492,000 | — | $36,788,000 |
| Software Services | $38,416,000 | $21,032,000 | $29,208,000 | $33,409,000 | $34,600,000 | $41,999,000 | — | $41,077,000 |
| Solar Construction Revenue | $14,371,000 | $56,569,000 | $31,669,000 | $24,543,000 | $0 | $0 | — | — |
| FFELP Loan Servicing | $8,878,000 | $12,212,000 | $13,704,000 | $16,016,000 | $18,281,000 | $20,183,000 | — | — |
| Investment Advice | $6,366,000 | $5,934,000 | $6,760,000 | $6,026,000 | $7,773,000 | $10,875,000 | — | $2,941,000 |
| Outsourced Services Revenue and Other | $3,353,000 | $4,790,000 | $13,580,000 | — | $25,387,000 | $30,217,000 | — | $8,700,000 |
| Other Service Offering | $1,106,000 | $3,003,000 | $3,372,000 | $2,850,000 | $1,209,000 | $502,000 | — | $1,223,000 |
| Communication Revenue Service Offering | — | — | — | — | — | $76,643,000 | $76,643,000 | $64,269,000 |
| Communications Services | — | — | — | $0 | $0 | $76,643,000 | — | $64,269,000 |
| Education Technology and Services | — | — | — | $146,679,000 | $105,975,000 | $66,716,000 | — | $58,578,000 |
| FFELP Servicing | — | — | — | — | $18,281,000 | $20,183,000 | — | $25,043,000 |
| Government Servicing Great Lakes | — | — | — | — | $193,214,000 | $179,872,000 | — | $185,656,000 |
| Government Servicing Nelnet | — | — | — | — | $167,579,000 | $146,798,000 | — | $157,991,000 |
| Internet | — | — | — | — | — | $48,362,000 | $48,362,000 | $38,239,000 |
| Other Communication Revenue | — | — | — | — | — | $153,000 | $153,000 | $129,000 |
| Outsourced Services | — | $4,790,000 | $13,580,000 | $13,758,000 | $25,387,000 | $30,217,000 | — | — |
| Solar Construction | — | — | $31,474,000 | — | — | — | — | — |
| Solar Construction Operating and Maintence | — | — | $195,000 | — | — | — | — | — |
| Telephone | — | — | — | — | — | $11,037,000 | $11,037,000 | $9,705,000 |
| Television | — | — | — | — | — | $17,091,000 | $17,091,000 | $16,196,000 |
| Administrative Service | — | $2,769,000 | $2,587,000 | $2,543,000 | $3,307,000 | $9,421,000 | — | $9,736,000 |