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Nelnet logo
Nelnet NNI
$ 125.52 -0.68%
report update icon

Quarterly report 2026-Q2
added 08-06-2026

Nelnet Income Statement 2025-2008 | NNI

Brief overview of income trends at Nelnet

The figures are compared over a five-year interval. Revenue at Nelnet moved from 932 million dollars in 2014 to 979 million dollars in 2019. The total change was +5%, with a CAGR of approximately 1%. The revenue trend is close to stagnation.

The five-year change in net income was −53.9%: from 308 million dollars to 142 million dollars. The final result developed less favorably than the core business.

Market capitalization changed from 2 billion dollars to 2.3 billion dollars (+14.6%). Capitalization moved ahead of the business fundamentals.

Conclusion

The five-year picture requires weighing both strengths and weaknesses. The overall view is constrained by weak sales momentum and a weaker final result. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Nelnet

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

4.8 B 4.09 B 3.33 B 3.52 B 3.1 B 2.79 B 2.33 B 2.15 B 2.21 B 2.09 B 1.48 B 2.03 B 1.75 B 1.42 B 1.16 B 935 M 392 M -

Shares

36.3 M 36.6 M 37.4 M 37.6 M 38.6 M 39.1 M 40 M 40.9 M 41.8 M 42.7 M 45.5 M 46.5 M 46.6 M 47 M 47.9 M 49.1 M 49.5 M -

Historical Prices

132 112 88.9 93.7 80.3 71.6 51.6 52.6 52.5 42 34.8 42.7 36.4 29.8 22.4 19 7.92 12.7

Net Income

428 M 184 M 89.8 M 407 M 393 M 352 M 142 M 228 M 173 M 257 M 268 M 308 M 303 M 178 M 204 M 189 M 139 M -

Revenue

- - - - - - 979 M 998 M 692 M 807 M 870 M 932 M 913 M 730 M 751 M - - -

Cost of Revenue

226 M 252 M 220 M 168 M 109 M 105 M 102 M 76.5 M 58.6 M 51.2 M 248 M 228 M 196 M 193 M 178 M 166 M 151 M -

Interest Expense

355 M 293 M 845 M 430 M 176 M 330 M 699 M 670 M 465 M 388 M 302 M 273 M 231 M 269 M 228 M 233 M 385 M -

EBITDA

90.6 M 133 M 145 M 176 M 132 M 198 M - - - 433 M 447 M 491 M 484 M 234 M - 101 M 38.5 M -

Operating Expenses

927 M 883 M 892 M 834 M 726 M 781 M 1.6 B 1.46 B 1.02 B 886 M 782 M 735 M 678 M 724 M 657 M 503 M 406 M -

General and Administrative Expenses

- - - - - - 464 M 436 M 302 M 260 M 293 M 281 M 261 M 271 M 264 M - - -

All numbers in USD currency

Quarterly Income Statement Nelnet

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

36 M 36.1 M 36.3 M 36.5 M 36.5 M 36.4 M 36.5 M 37.2 M 37.5 M 37.5 M 37.3 M - 37.4 M 37.7 M 38 M - 38.6 M 38.7 M 38.6 M - 38.5 M 39.2 M 40 M - 39.9 M 40.1 M 40.4 M - 41 M 40.9 M 41 M - 41.6 M 42.3 M 42.3 M - 42.6 M 42.6 M 43.1 M - 45 M 45.9 M 46.3 M - 46.4 M 46.5 M 46.5 M - 46.5 M 46.6 M 46.7 M - 47.1 M 47 M 47.3 M - 48.1 M 48.3 M 48.2 M

Net Income

66.7 M 71.1 M 107 M 181 M 82.6 M 2.39 M 45.1 M 73.4 M 44.4 M 27.4 M 26.5 M - 105 M 85.1 M 187 M - 53.1 M 83.9 M 124 M 235 M 71.5 M 86.5 M -40.5 M 42.4 M 33.2 M 24.6 M 41.6 M 21.6 M 42.9 M 49.4 M 114 M 48.1 M 46.3 M 28.7 M 50 M 98.3 M 84.3 M 26.2 M 48 M 83.4 M 49 M 70.9 M 64.8 M 73.6 M 85.2 M 75 M 73.8 M 70.5 M 62.8 M 101 M 68.1 M 56.6 M 36.8 M 41.4 M 43.1 M 64.9 M 47.5 M 37.1 M 54.9 M

Cost of Revenue

41.3 M 52 M 60 M 55.7 M 57.5 M 72.3 M 48.5 M 62.8 M 51.5 M 49.5 M 56 M - 48.6 M 30.9 M 35.5 M - 31.3 M 21.7 M 27.1 M 137 M 31.2 M 21.1 M 28.4 M 125 M 30.9 M 21 M 25.8 M 114 M 23.4 M 15.2 M 17.4 M 81.2 M 17.8 M 11.7 M 71.9 M 68 M 63.7 M 60.9 M 63.2 M 64.9 M 63.2 M 58.8 M 61 M 60.6 M 61.1 M 53.9 M 52.5 M 52.1 M 48.7 M 47.4 M 47.9 M -48.6 M -46.4 M -48.7 M -49.1 M -47 M -44.1 M -42.9 M -43.9 M

Interest Expense

96 M 102 M 85.2 M 79.4 M 82.7 M 72.2 M 66.4 M 74.2 M 77.4 M 50.9 M 199 M - 127 M 73.6 M 48.1 M - 50.2 M 50 M 27.8 M 86.6 M 58.4 M 85.2 M 134 M 64.3 M 172 M 187 M 192 M 69.5 M 180 M 171 M 136 M 73.2 M 122 M 113 M 107 M 79 M 96.4 M 94.1 M 90.4 M 112 M 77.2 M 72.6 M 71.6 M 112 M 71.9 M 69.2 M 60 M 109 M 55.3 M 58.1 M 58.4 M 90.6 M 66.4 M 67.5 M 69.3 M 93.3 M 60.9 M 51.1 M 52.3 M

EBITDA

42.9 M 21.2 M 7.33 M 7.62 M 23.1 M 13.7 M 15.1 M 34 M 21.8 M 18.7 M 34.2 M - 18.8 M 18.2 M 36.3 M - 114 M 76.8 M 38.4 M 31.4 M 149 M 99.3 M 48.8 M 28.7 M 143 M 94.1 M 46.9 M 24 M 137 M 89.2 M 43.3 M 11.9 M 99.8 M 66.8 M 34.3 M 9.12 M 84 M 62.3 M 31.1 M 7.2 M 91 M 60.2 M 30.2 M 5.64 M 78.3 M 49.2 M 22 M 5.27 M 58.3 M 39.2 M 20.1 M -8.86 M 85.4 M 58.4 M 28.1 M -8.28 M 54.5 M 35.8 M -6.78 M

Operating Expenses

260 M 234 M 226 M 219 M 218 M 221 M 214 M 217 M 214 M 209 M 210 M - 210 M 197 M 206 M - 183 M 172 M 173 M - 191 M 186 M 191 M - 203 M 181 M 179 M - 185 M 176 M 152 M - 122 M 116 M 113 M - 107 M 107 M 112 M - 121 M 116 M 115 M - 117 M 113 M 107 M - 108 M 103 M 107 M - 105 M 108 M 111 M - 105 M 101 M 99.6 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Nelnet (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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