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Nelnet NNI Education Technology Services and Payments (ETSP) — Other expenses

Other segment segments

Loan Servicing and Systems (LSS)
$14.19M+31.0%
Nelnet Bank
$1.28M-5.9%
Asset Generation and Management
$1.05M+18.4%

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$11M+10.0%

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:OtherExpenses.

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
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
Income tax (expense) benefit(4,752)(11,475)(7,321)(2,106)(25,654)1625,431(20,061)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments (ETSP) — other expenses?
Nelnet (NNI) reported education technology services and payments (ETSP) — other expenses of $11.76M in Q1 2026.
How has Nelnet's education technology services and payments (ETSP) — other expenses changed year-over-year?
Nelnet's education technology services and payments (ETSP) — other expenses increased by 30.0% year-over-year, from $9.05M to $11.76M.
What is the long-term trend for Nelnet's education technology services and payments (ETSP) — other expenses?
Over 2 years (2023 to 2025), Nelnet's education technology services and payments (ETSP) — other expenses has grown at a 5.5% compound annual growth rate (CAGR), from $34.13M to $37.96M.
What does education technology services and payments (ETSP) — other expenses mean?
Includes general and administrative costs, overhead, and other miscellaneous operating expenses not categorized under direct service costs or personnel. This metric helps identify the efficiency of the segment's support functions and corporate overhead allocation. A rising trend may indicate increasing operational complexity or administrative bloat.

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