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Nelnet NNI Net Interest Income

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Segments

By segment

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Asset Generation and Management$67.46M+27.4%
Nelnet Bank$17.83M+43.9%
Education Technology Services and Payments (ETSP)$6.12M-11.8%
Loan Servicing and Systems (LSS)$591K-18.0%

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:InterestIncomeExpenseNet.

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
Investment interest40,20241,389
Total interest income211,226207,828
Interest expense on bonds and notes payable and bank deposits109,583125,114
Net interest income101,64382,714
Less provision for loan losses53,24415,337
Less provision for beneficial interests4,1301,510
Net interest income after provision44,26965,867
Other income (expense):

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's net interest income?
Nelnet (NNI) reported net interest income of $101.64M in Q1 2026.
How has Nelnet's net interest income changed year-over-year?
Nelnet's net interest income increased by 22.9% year-over-year, from $82.71M to $101.64M.
What is the long-term trend for Nelnet's net interest income?
Over 4 years (2021 to 2025), Nelnet's net interest income has grown at a 0.5% compound annual growth rate (CAGR), from $347.6M to $354.51M.
What does net interest income mean?
This is the difference between the interest income earned on interest-bearing assets and the interest expense paid on liabilities such as bonds and deposits. It measures the profitability of the company's core lending operations and its ability to manage interest rate spreads effectively.

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