NNINelnet, Inc.
$125.17-0.76% 1Y
$125.17
$121.8952 weeks$143.87
The financials
Nelnet, Inc. by the numbers
Nelnet, Inc. (NNI) reported revenue of $205M in Q2 2026 (quarter ended Jun 30, 2026), down 3.5% from the same quarter a year earlier. That came with net income of $67M (33% of revenue). For the full year FY2025, revenue was $851M (−13% year on year) and net income $428M. Its largest product in Q2 2026 was Loan Servicing And Systems at $132M, 15.2% of the disclosed total, just ahead of Loan Servicing And Systems at 15.2%. The next results filing is expected around Nov 5, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $205M | $212M | −3.5% |
| Net income | $67M | $181M | −63% |
| Diluted EPS | $1.85 | $4.97 | −63% |
| Product | Revenue | Share |
|---|---|---|
| Loan Servicing And Systems | $132M | 15% |
| Loan Servicing And Systems | $132M | 15% |
| Education Technology Services And Payment Processing Services | $119M | 14% |
| Education Technology Services And Payments | $119M | 14% |
| Department Of Education Loan Servicing | $75M | 8.6% |
| Government Loan Servicing | $75M | 8.6% |
| Education Technology And Services | $42M | 4.9% |
| Reinsurance Premiums Earned | $41M | 4.7% |
| Payment Processing | $39M | 4.5% |
| Tuition Payment Plan Services | $37M | 4.3% |
| Private Education And Consumer Loan Servicing | $26M | 3.0% |
| Canada Student Loan Servicing | $18M | 2.0% |
| Software Services | $11M | 1.3% |
| FFELP Servicing | $2.0M | 0.2% |
| Investment Advice | $1.4M | 0.2% |
| Outsourced Services Revenue And Other | $454K | 0.1% |
| Other Service Offering | $158K | 0.0% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $870.0M (-8.1%)
Reinsurance Premiums Earned grew +56% year on yearSolar Construction -100% year on year
Segment Latestquarter on quarteryear on year
- Loan Servicing And Systems$132.2M$132.2Mquarter on quarter +3.4%year on year +9.5%+3.4%+9.5%
- Loan Servicing And Systems$132.2M$132.2Mquarter on quarter +3.4%year on year +9.5%+3.4%+9.5%
- Education Technology Services And Payment Processing Services$118.9M$118.9Mquarter on quarter -23%year on year +0.59%-23%+0.59%
- Education Technology Services And Payments$118.9M$118.9Mquarter on quarter -23%year on year +0.59%-23%+0.59%
- Department Of Education Loan Servicing$74.6M$74.6Mquarter on quarter -1.9%year on year -13%-1.9%-13%
- Government Loan Servicing$74.6M$74.6Mquarter on quarter -2.0%year on year -13%-2.0%-13%
- Education Technology And Services$42.3M$42.3Mquarter on quarter -25%year on year -4.9%-25%-4.9%
- Reinsurance Premiums Earned$40.6M$40.6Mquarter on quarter +80%year on year +56%+80%+56%
- Payment Processing$39.4M$39.4Mquarter on quarter -29%year on year +5.0%-29%+5.0%
- Tuition Payment Plan Services$37.0M$37.0Mquarter on quarter -12%year on year +2.8%-12%+2.8%
- Private Education And Consumer Loan Servicing$26.1M$26.1Mquarter on quarter +1.8%year on year +15%+1.8%+15%
- Canada Student Loan Servicing$17.7M$17.7Mquarter on quarter n/ayear on year n/an/an/a
- Software Services$11.4M$11.4Mquarter on quarter -3.2%year on year +20%-3.2%+20%
- FFELP Servicing$2.0M$2.0Mquarter on quarter -13%year on year -12%-13%-12%
- Investment Advice$1.4M$1.4Mquarter on quarter +3.3%year on year -8.2%+3.3%-8.2%
- Outsourced Services Revenue And Other$454.0K$454.0Kquarter on quarter -36%year on year -19%-36%-19%
- Other Service Offering$158.0K$158.0Kquarter on quarter -73%year on year -9.7%-73%-9.7%
- Solar Construction$0.00$0.00quarter on quarter n/ayear on year -100%n/a-100%
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