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Nelnet NNI Education Technology Services and Payments (ETSP) — Operating Expenses

Other segment segments

Loan Servicing and Systems (LSS)
$111.34M+3.9%
Asset Generation and Management
$12.18M+18.6%
Nelnet Bank
$6.43M+9.2%

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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:OperatingExpenses.

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
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
Income tax (expense) benefit(4,752)(11,475)(7,321)(2,106)(25,654)1625,431(20,061)
Net income (loss)15,04936,33823,1997,11381,699(580)(25,527)855,600
Net (income) loss attributable to noncontrolling interests(18)(18)6915,483(8)15,526

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments (ETSP) — operating expenses?
Nelnet (NNI) reported education technology services and payments (ETSP) — operating expenses of $62.86M in Q1 2026.
How has Nelnet's education technology services and payments (ETSP) — operating expenses changed year-over-year?
Nelnet's education technology services and payments (ETSP) — operating expenses increased by 6.9% year-over-year, from $58.82M to $62.86M.
What is the long-term trend for Nelnet's education technology services and payments (ETSP) — operating expenses?
Over 2 years (2023 to 2025), Nelnet's education technology services and payments (ETSP) — operating expenses has grown at a 3.4% compound annual growth rate (CAGR), from $228.24M to $244.03M.
What does education technology services and payments (ETSP) — operating expenses mean?
Represents the total costs incurred by the Education Technology, Services, and Payment Processing segment to support its daily business operations. This includes salaries, benefits, cost of services, and administrative overhead required to deliver education and payment solutions to clients. Monitoring this metric helps assess the operational efficiency and cost structure of the segment.

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