Nelnet, Inc. Financials

NNI

All currency values in $ millions unless otherwise noted

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Showing 6 of 16 available years

Income Statement	TTM	DEC 2025	DEC 2024	DEC 2023	DEC 2022	DEC 2021
Revenues
Revenue	-$17	–	–	–	–	–
Cost of Revenue	$44	$226	$252	$220	$168	$109
Gross Profit	-$61	–	–	–	–	–
Total Operating Expenses	$457	$927	$883	$892	$834	$726
Non-Operating
Net Interest Expense	-$426	-$332	-$495	-$667	-$339	-$135
EBT (Earnings Before Tax)	$319	$556	$229	$69	$502	$502
Income Tax Expense	$118	$128	$53	$19	$113	$116
Minority Interest	-$9	-$30	-$8	-$40	-$18	-$7
Net Income
Net Income	$209	$428	$184	$90	$407	$393
Per Share Data
Revenue Per Share	-$0.40	–	–	–	–	–
EPS (Basic)	$4.95	$11.79	$5.02	$2.40	$10.82	$10.20
EPS (Diluted)	$4.95	$11.79	$5.02	$2.40	$10.82	$10.20
Weighted Avg Shares (Basic)	41.6M	36.3M	36.6M	37.4M	37.6M	38.6M
Weighted Avg Shares (Diluted)	41.6M	36.3M	36.6M	37.4M	37.6M	38.6M
Shares Outstanding	41.6M	36.3M	36.6M	37.4M	37.6M	38.6M
Dividends Per Share	$0.54	$1.18	$1.11	$1.05	$0.97	$0.89

Nelnet (NNI) financials: revenue, profit and margins

Nelnet (NNI) generated about n/a in revenue and $302 million in net income over the trailing twelve months. Figures are from SEC filings; this is analysis, not investment advice.

Frequently asked

Is Nelnet profitable?+

Yes, Nelnet reported about $302 million in net income over the trailing twelve months. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.

More on NNI: Overview · Quality scorecard · DCF valuation · Dividend safety

How the market compares: How many US companies are profitable

SourceFinancial statements computed from the 10-Q filed 6 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.

Fiscal year ends Dec.

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Held by ETFs

NNI is in 54 US ETFs. The largest of them, with NNI's weight in each:

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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