Business Segments Nelnet, Inc.

Stocks

NNI

US64031N1081

Consumer Lending

Market Closed - NYSE Other stock markets 00:00:02 12/06/2026 +04			5-day change	1st Jan Change
128.57 ^USD	-1.64%		-0.68%	-3.30%

05-08	Nelnet Q1 Adjusted Earnings Fall, Revenue Rises	MT
05-08	Earnings Flash (NNI) Nelnet, Inc. Posts Q1 Adjusted EPS $1.94 per Share, vs. FactSet Est of $2.66	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Personal Credit Agencies
Loan Servicing and Systems (LSS)	524M	574M	554M	514M	534M
Total Assets	297M	273M	294M	193M	154M
Interest Expense	-94K	-44K	-	-	-
Income Tax Expense	14.99M	15.47M	18.65M	9.72M	23.13M
EBT	62.44M	64.46M	77.71M	40.5M	96.39M
D&A	25.65M	24.26M	19.26M	19.48M	8.97M
Net Income	47.46M	48.99M	59.06M	30.78M	73.26M
Asset Generation and Management	472M	509M	132M	121M	174M
Total Assets	18.97B	15.95B	13.49B	10.04B	9.86B
Interest Expense	-194M	-412M	-823M	-654M	-823M
Income Tax Expense	102M	109M	19.35M	18.05M	30.34M
EBT	424M	455M	80.64M	75.2M	126M
Net Income	322M	346M	61.28M	57.15M	96.06M
Nelnet Bank	6.13M	15.7M	14.74M	21.17M	40.95M
Total Assets	536M	919M	991M	1.45B	2.07B
Interest Expense	-1.51M	-11.06M	-34.7M	-44.86M	-34.7M
Income Tax Expense	-175K	1.01M	-153K	-579K	3.56M
EBT	-792K	4.36M	-368K	-1.94M	14.61M
D&A	-	15K	574K	1.28M	1.4M
Net Income	-617K	3.34M	-215K	-1.36M	11.05M
Online Education Courses
Education Technology Services and Payments (ETSP)	339M	418M	491M	517M	534M
Total Assets	444M	485M	490M	601M	541M
Interest Expense	-	-	-	-	-
Income Tax Expense	17.45M	17.78M	21.89M	28.33M	27.12M
EBT	72.71M	74.1M	91.1M	118M	113M
D&A	11.4M	10.18M	11.32M	10.53M	10.88M
Net Income	55.26M	56.32M	69.32M	89.72M	85.88M
Investment Advice
Corporate and Other Activities	46.64M	44.73M	-48.15M	95.77M	258M
Total Assets	1.96B	2.41B	898M	843M	810M
Interest Expense	-3.52M	-21.54M	-1.58M	-1.79M	-1.58M
Income Tax Expense	-18.11M	-30.18M	-52.06M	-16.11M	30.88M
EBT	-55.88M	-88.18M	-226M	-58.86M	121M
D&A	36.68M	39.62M	47.97M	26.83M	12.32M
Net Income	-30.76M	-46.89M	-136M	-34.24M	121M
Nfs Other Operating Segments	-	-	71.76M	117M	161M
Total Assets	-	-	1.12B	904M	1.14B
Interest Expense	-	-	-29.75M	-8.84M	-29.75M
Income Tax Expense	-	-	12.07M	13.26M	12.95M
EBT	-	-	50.87M	55.72M	54.47M
Net Income	-	-	38.23M	41.99M	41.01M
Eliminations/ Reclassifications	-33.97M	-33.25M	-29.16M	-24.64M	-22.03M
Total Assets	-527M	-655M	-541M	-250M	-516M
Interest Expense	1.8M	14.4M	44.02M	29.29M	44.02M
EBT	-	-	-	77K	398K
Broadband Telecommunications Services
Communications	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	1.36B	1.52B	1.18B	1.35B	1.67B
Total Assets	21.68B	19.37B	16.74B	13.78B	14.06B
Interest Expense	-105M	-166M	-862M	-664M	-503M
Income Tax Expense	116M	113M	19.75M	52.67M	128M
D&A	73.74M	74.08M	79.12M	58.12M	33.57M
CAPEX	-58.95M	-59.42M	-74.05M	-20.9M	-26.24M
Net Income	393M	407M	91.53M	184M	428M
EBT	502M	509M	74.19M	229M	526M