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Nelnet NNI Compensation and benefits

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Segments

By segment

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Loan Servicing and Systems (LSS)$67.62M-2.8%
Education Technology Services and Payments (ETSP)$42.7M+2.3%
Nelnet Bank$2.92M+3.5%
Asset Generation and Management$1.63M+33.3%

Other financials

Income statement

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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

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Market cap$4.85B+5.9%
Enterprise value$12.31B+0.4%
P/E11.6×-2.3×

Returns & leverage

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

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: Nelnet’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001258602-26-000033
Line itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Cost to provide education technology services and payments49,95348,047
Cost to provide solar construction services7,828
Total cost of services52,04057,508
Salaries and benefits139,371138,223
Depreciation and amortization9,1709,255
Reinsurance losses and underwriting expenses23,60522,212
Other expenses61,84048,307
Total operating expenses233,986217,997

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's compensation and benefits?
Nelnet (NNI) reported compensation and benefits of $139.37M in Q1 2026.
How has Nelnet's compensation and benefits changed year-over-year?
Nelnet's compensation and benefits increased by 0.8% year-over-year, from $138.22M to $139.37M.
What is the long-term trend for Nelnet's compensation and benefits?
Over 4 years (2021 to 2025), Nelnet's compensation and benefits has grown at a 2.5% compound annual growth rate (CAGR), from $507.13M to $558.79M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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