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Nelnet NNI Asset Generation and Management — Servicing fees

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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 nni:ServicingFees.

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 itemReportable Segments / Loan Servicing and Systems (LSS)Reportable Segments / Education Technology Services and Payments (ETSP)Reportable Segments / Asset Generation and ManagementReportable Segments / Nelnet BankTotal Reportable SegmentsReconciling Items / NFS Other Operating SegmentsReconciling Items / Corporate and Other ActivitiesReconciling Items / Eliminations/ ReclassificationsTotal
Depreciation and amortization4,0022,3693526,7232,4479,170
Reinsurance losses and underwriting expenses23,60523,605
Postage expense8,8058,805(8,805)
Servicing fees8,1521,2279,379(9,379)
Other expenses (a)14,19311,7611,0511,27828,2831,26119,10213,19461,840
Intersegment expenses, net16,7196,0341,35265724,762457(25,147)(72)
Total operating expenses111,34062,86012,1836,429192,81226,83519,417(5,078)233,986
Income (loss) before income taxes19,80147,81330,5209,219107,353(742)(30,958)875,661

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's asset generation and management — servicing fees?
Nelnet (NNI) reported asset generation and management — servicing fees of $8.15M in Q1 2026.
How has Nelnet's asset generation and management — servicing fees changed year-over-year?
Nelnet's asset generation and management — servicing fees increased by 18.0% year-over-year, from $6.91M to $8.15M.
What is the long-term trend for Nelnet's asset generation and management — servicing fees?
Over 3 years (2022 to 2025), Nelnet's asset generation and management — servicing fees has grown at a -11.2% compound annual growth rate (CAGR), from $41.79M to $29.27M.
What does asset generation and management — servicing fees mean?
Represents the revenue or expenses associated with the administration and management of loan portfolios or other financial assets. This metric is a key indicator of the segment's operational scale and its role in the lifecycle management of financial products.

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