What is Nelnet's interest expense?

Nelnet (NNI) reported interest expense of $109.58M in Q1 2026.

How has Nelnet's interest expense changed year-over-year?

Nelnet's interest expense decreased by 12.4% year-over-year, from $125.11M to $109.58M.

What is the long-term trend for Nelnet's interest expense?

Over 4 years (2021 to 2025), Nelnet's interest expense has grown at a 29.6% compound annual growth rate (CAGR), from $176.23M to $496.95M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Nelnet NNI Interest Expense

Interest Expense at other companies

SoFi Technologies, Inc.SOFI

$308.01M+16.2%

Enova InternationalENVA

$94.05M+16.8%

EFC

Ellington Financial Inc.EFC

$88.25M+21.5%

MFA FinancialMFA

$132.74M+7.9%

Main Street CapitalMAIN

$34.04M+9.2%

Axos FinancialAX

$171.98M+9.4%

Segments

By segment

See full

Asset Generation and Management$95.56M-16.4%

Nelnet Bank$17.41M+44.1%

Loan Servicing and Systems (LSS)$548K—

Education Technology Services and Payments (ETSP)$0—

Other financials

Income statement

See full

Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

See full

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

See full

Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

See full

Market cap$4.68B+14.9%

Returns & leverage

See full

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:InterestExpenseOperating.

The official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Nelnet's interest expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Nelnet's interest expense?: Nelnet (NNI) reported interest expense of $109.58M in Q1 2026.
How has Nelnet's interest expense changed year-over-year?: Nelnet's interest expense decreased by 12.4% year-over-year, from $125.11M to $109.58M.
What is the long-term trend for Nelnet's interest expense?: Over 4 years (2021 to 2025), Nelnet's interest expense has grown at a 29.6% compound annual growth rate (CAGR), from $176.23M to $496.95M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.