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Nelnet NNI Department of Education loan servicing — Revenue

Other product segments

Education technology services
$56.11M+0.8%
Payment processing
$55.89M+8.4%
Tuition payment plan services
$41.86M+4.4%
Private education and consumer loan servicing
$25.66M+13.1%
Software services
$11.76M+68.2%
Canada Student Loan Program loan servicing
$11.33M
FFELP loan servicing
$2.25M-14.4%
Outsourced services
$713K-32.9%
Other
$580K+2,048%

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Department of Education loan servicing$76,11987,358
Canada Student Loan Program loan servicing (a)11,332
Private education and consumer loan servicing25,66122,696
FFELP loan servicing2,2542,633
Software services11,7636,992
Outsourced services7131,062
Loan servicing and systems revenue$127,842120,741

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's department of education loan servicing — revenue?
Nelnet (NNI) reported department of education loan servicing — revenue of $76.12M in Q1 2026.
What does department of education loan servicing — revenue mean?
This metric represents the total revenue generated from providing loan servicing and administrative support services for federal student loan portfolios owned by the Department of Education. It reflects the company's role as a contractor in managing borrower accounts, processing payments, and maintaining loan records on behalf of government entities. This revenue stream is a key indicator of the company's scale in government-contracted financial services and its sensitivity to federal education policy and loan volume fluctuations.

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