What is Nelnet's net income?

Nelnet (NNI) reported net income of $71.13M in Q1 2026.

How has Nelnet's net income changed year-over-year?

Nelnet's net income decreased by 13.8% year-over-year, from $82.56M to $71.13M.

What is the long-term trend for Nelnet's net income?

Over 4 years (2021 to 2025), Nelnet's net income has grown at a 2.2% compound annual growth rate (CAGR), from $393.29M to $428.47M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Nelnet NNI Net Income

Net Income at other companies

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$166.73M+134%

Enova InternationalENVA

$91.1M+24.9%

Rithm CapitalRITM

$102.68M+30.3%

MFA FinancialMFA

-$984K-102%

Main Street CapitalMAIN

$48.98M-57.8%

Axos FinancialAX

$124.68M+18.5%

Segments

By segment

See full

Education Technology Services and Payments (ETSP)$36.34M+0.6%

Asset Generation and Management$23.2M+2.3%

Loan Servicing and Systems (LSS)$15.05M+7.0%

Nelnet Bank$7.11M+369%

Other financials

Income statement

See full

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%

Enterprise value$12.14B-3.0%

P/E11.2×-9.9×

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:NetIncomeLoss.

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

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Questions, answered.

What is Nelnet's net income?: Nelnet (NNI) reported net income of $71.13M in Q1 2026.
How has Nelnet's net income changed year-over-year?: Nelnet's net income decreased by 13.8% year-over-year, from $82.56M to $71.13M.
What is the long-term trend for Nelnet's net income?: Over 4 years (2021 to 2025), Nelnet's net income has grown at a 2.2% compound annual growth rate (CAGR), from $393.29M to $428.47M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.