NNI
Nelnet, Inc.
NYSE · Financial Services · Financial - Credit Services · US
$127.10
−0.13%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.9B | 2.3B | 1.8B | 1.8B | 1.8B |
| Cost of Revenue | 320.8M | 293.4M | 735.1M | 853.2M | 465.1M |
| Gross Profit | 1.5B | 2.0B | 1.1B | 961.1M | 1.4B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 350.2M | — | 632.2M | 608.3M | 589.7M |
| General & Admin Expense | 350.2M | — | 632.2M | 608.3M | 589.7M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 622.9M | 821.7M | 250.8M | 284.1M | 260.2M |
| Total Operating Expenses | 973.1M | 821.7M | 882.9M | 892.4M | 850.0M |
| Cost and Expenses | 1.3B | 1.1B | 1.6B | 1.7B | 1.3B |
| Operating Income (EBIT) | 563.8M | 1.1B | 228.6M | 68.7M | 501.8M |
| Non-Operating | |||||
| Interest Income | 863.0M | 866.0M | 973.4M | 1.1B | 742.8M |
| Interest Expense | 457.5M | 496.9M | 680.5M | 845.1M | 430.1M |
| Net Interest Income | 405.5M | 369.1M | 292.9M | 264.7M | 312.7M |
| Other Non-Op Income/Expense | (239.9M) | (618.6M) | — | — | — |
| Non-Operating Income (excl Interest) | 83.1M | 121.6M | — | — | — |
| EBT (Pre-Tax Income) | 323.9M | 526.3M | 228.6M | 68.7M | 501.8M |
| Income Tax Expense | 83.5M | 128.0M | 52.7M | 19.4M | 113.1M |
| Bottom Line | |||||
| Net Income | 302.2M | 428.5M | 184.0M | 89.8M | 406.9M |
| Earnings from Cont. Ops | 240.4M | 398.3M | 175.9M | 49.3M | 388.7M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 301.0M | 420.7M | 180.5M | 87.9M | 399.1M |
| Per Share | |||||
| Basic EPS | $8.33 | $11.58 | $5.02 | $2.39 | $10.63 |
| Diluted EPS | $8.33 | $11.58 | $5.02 | $2.39 | $10.63 |
| Revenue Per Share | $51.55 | $62.30 | $50.40 | $48.49 | $48.32 |
| Shares | |||||
| Basic Shares Outstanding | 36.0M | 36.3M | 36.6M | 37.4M | 37.6M |
| Diluted Shares Outstanding | 36.0M | 36.3M | 36.6M | 37.4M | 37.6M |
| Profitability Metrics | |||||
| EBITDA | 525.2M | 1.1B | 361.1M | 214.1M | 678.1M |
| D&A | 44.5M | 33.6M | 132.5M | 145.4M | 176.2M |
| EBIT | 480.7M | 1.0B | 228.6M | 68.7M | 501.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026