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Nelnet NNI Education Technology Services and Payments (ETSP) — Cost of Services

Other segment segments

Loan Servicing and Systems (LSS)
$2.09M+27.8%
Asset Generation and Management
$0
Nelnet Bank
$0

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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:CostOfGoodsAndServicesSold.

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
Derivative market value adjustments, net1,4941,0002,494(907)1,587
Total other income (expense), net132,637154,50827,8442,597317,58618,950(14,048)(5,070)317,418
Cost of services and expenses:
Total cost of services2,08749,95352,04052,040
Salaries and benefits67,62142,6961,6282,915114,8601,51223,015(16)139,371
Depreciation and amortization4,0022,3693526,7232,4479,170
Reinsurance losses and underwriting expenses23,60523,605
Postage expense8,8058,805(8,805)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments (ETSP) — cost of services?
Nelnet (NNI) reported education technology services and payments (ETSP) — cost of services of $49.95M in Q1 2026.
How has Nelnet's education technology services and payments (ETSP) — cost of services changed year-over-year?
Nelnet's education technology services and payments (ETSP) — cost of services increased by 4.0% year-over-year, from $48.05M to $49.95M.
What is the long-term trend for Nelnet's education technology services and payments (ETSP) — cost of services?
Over 2 years (2023 to 2025), Nelnet's education technology services and payments (ETSP) — cost of services has grown at a 1.7% compound annual growth rate (CAGR), from $171.18M to $176.91M.
What does education technology services and payments (ETSP) — cost of services mean?
Includes the direct costs associated with delivering technology solutions, payment processing, and education services to clients. This metric tracks the variable expenses required to maintain service delivery and support infrastructure. Managing this cost is critical for maintaining healthy gross margins within the segment.

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