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Nelnet NNI Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$392.0MBeat by $9.7M
EPS$1.56Miss by $0.07
Revenue estimate$382.3M
EPS estimate$1.63

Next report

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

Financials

Q4 2025

Income statement

See full
Net income$57.8M-8.5%
EPS (diluted)$1.61-6.9%

Balance sheet

See full
Cash & equivalents$296.0M+52.2%
Total debt$7.8B-6.3%
Total equity$3.7B+10.0%
Total assets$14.1B+2.1%

Cash flow

See full
Operating cash flow$137.6M-23.8%
CapEx$7.5M—
Free cash flow$130.1M-34.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.78B+23.3%
Enterprise value$12.28B+2.3%
P/E11.2×-9.9×

Returns & leverage

See full
Return on equity12.2%+6.6pp
Debt / equity2.1×-0.4×

Segments

By product

See full
Payment processing$44.8M+8.9%
Tuition payment plan services$32.2M+3.3%
Private education and consumer loan servicing$24.8M-0.3%
Software services$11.4M+77.5%
Outsourced services$389.0K—

Versus estimates

Revenue

Q1 2026$419.1MMiss by $24.8M
Q4 2025$392.0MBeat by $9.7M
Q3 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 $0.07
Q3 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 Q4 2025 earnings?
Nelnet (NNI) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Nelnet's Q4 2025 revenue and EPS?
Nelnet reported revenue of $392.0M and eps of $1.56 for Q4 2025.
Did Nelnet beat estimates in Q4 2025?
Revenue beat the consensus estimate of $382.3M by $9.7M. EPS missed the consensus estimate of $1.63 by $0.07.
How did Nelnet's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 9.7% from $434.2M a year earlier and eps grew 8.3% from $1.44.
Where can I find Nelnet's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001258602-26-000013) and the 10-K periodic report (0001258602-26-000014) directly on SEC EDGAR. The filing index links above go to sec.gov.