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Nelnet NNI Education Technology Services and Payments (ETSP) — Salaries and benefits

Other segment segments

Loan Servicing and Systems (LSS)
$67.62M-2.8%
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$2.92M+3.5%
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$1.63M+33.3%

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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:LaborAndRelatedExpense.

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
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)
Servicing fees8,1521,2279,379(9,379)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments (ETSP) — salaries and benefits?
Nelnet (NNI) reported education technology services and payments (ETSP) — salaries and benefits of $42.7M in Q1 2026.
How has Nelnet's education technology services and payments (ETSP) — salaries and benefits changed year-over-year?
Nelnet's education technology services and payments (ETSP) — salaries and benefits increased by 2.3% year-over-year, from $41.74M to $42.7M.
What is the long-term trend for Nelnet's education technology services and payments (ETSP) — salaries and benefits?
Over 2 years (2023 to 2025), Nelnet's education technology services and payments (ETSP) — salaries and benefits has grown at a 4.4% compound annual growth rate (CAGR), from $155.3M to $169.42M.
What does education technology services and payments (ETSP) — salaries and benefits mean?
Represents the total compensation, including wages, bonuses, and benefits, paid to employees dedicated to the Education Technology, Services, and Payment segment. This is typically the largest operating expense and reflects the human capital investment required to drive innovation and service delivery. Tracking this helps evaluate the segment's labor efficiency and scalability.

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