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Nelnet NNI Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$419.1MMiss by $24.8M
EPS$1.94Miss by $0.72
Revenue estimate$443.8M
EPS estimate$2.66

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$419.9M
EPS estimate$2.13

Financials

Q1 2026

Income statement

See full
Net income$71.1M-13.8%
EPS (diluted)$1.97-12.8%

Balance sheet

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Cash & equivalents$240.0M+8.8%
Total debt$7.7B-11.1%
Total equity$3.7B+9.1%
Total assets$14.2B-0.1%

Cash flow

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Operating cash flow$73.1M-19.8%
CapEx$11.6M+242%
Free cash flow$61.6M-29.9%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$4.81B+5.8%
Enterprise value$12.27B+0.4%
P/E11.5×-2.3×

Returns & leverage

See full
Return on equity11.7%+5.9pp
Debt / equity2.1×-0.5×

Segments

By product

See full
Department of Education loan servicing$76.1M—
Education technology services$56.1M+0.8%
Payment processing$55.9M+8.4%
Tuition payment plan services$41.9M+4.4%
Private education and consumer loan servicing$25.7M+13.1%

Versus estimates

Revenue

Q1 2026$419.1MMiss by $24.8M
Q4 2025$392.0MBeat by $9.7MQ3 2025$494.6MBeat by $112.6MQ2 2025$617.7MBeat by $241.3MQ1 2025$466.1MBeat by $73.1MQ4 2024$434.2MBeat by $99.2M

Diluted EPS

Q1 2026$1.94Miss by $0.72
Q4 2025$1.56Miss by $0.07Q3 2025$2.95Beat by $1.43Q2 2025$5.05Beat by $3.14Q1 2025$2.39Beat by $0.47Q4 2024$1.44Beat by $0.21

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Questions, answered.

When did Nelnet report Q1 2026 earnings?
Nelnet (NNI) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Nelnet's Q1 2026 revenue and EPS?
Nelnet reported revenue of $419.1M and eps of $1.94 for Q1 2026.
Did Nelnet beat estimates in Q1 2026?
Revenue missed the consensus estimate of $443.8M by $24.8M. EPS missed the consensus estimate of $2.66 by $0.72.
How did Nelnet's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 10.1% from $466.1M a year earlier and eps declined 18.8% from $2.39.
Where can I find Nelnet's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001258602-26-000032) and the 10-Q periodic report (0001258602-26-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.