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Nelnet NNI Education Technology Services and Payments (ETSP) — Intersegment revenue

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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:IntersegmentServicingRevenue.

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
Other income (expense):
LSS revenue127,842127,842127,842
ETSP revenue154,436154,436154,436
Intersegment revenue5,006725,078(5,078)
Reinsurance premiums earned22,53622,536
Solar construction revenue
Other, net(211)26,2461,55827,593(3,586)(13,578)810,437
Derivative settlements, net10439143437580

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments (ETSP) — intersegment revenue?
Nelnet (NNI) reported education technology services and payments (ETSP) — intersegment revenue of $72K in Q1 2026.
How has Nelnet's education technology services and payments (ETSP) — intersegment revenue changed year-over-year?
Nelnet's education technology services and payments (ETSP) — intersegment revenue increased by 12.5% year-over-year, from $64K to $72K.
What is the long-term trend for Nelnet's education technology services and payments (ETSP) — intersegment revenue?
Over 2 years (2023 to 2025), Nelnet's education technology services and payments (ETSP) — intersegment revenue has grown at a 2.5% compound annual growth rate (CAGR), from $253K to $266K.
What does education technology services and payments (ETSP) — intersegment revenue mean?
Revenue generated by the Education Technology, Services, and Payment Processing segment through transactions with other internal business segments of the parent company. This metric highlights the level of operational integration and cross-selling activities within the organization. It is used to evaluate how the segment supports the broader enterprise ecosystem.

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