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Nelnet NNI Education technology services and payments revenue — Cost of Services

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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 itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Total other income (expense), net317,418315,778
Cost of services and expenses:
Loan servicing contract fulfillment and acquisition costs2,0871,633
Cost to provide education technology services and payments49,95348,047
Cost to provide solar construction services7,828
Total cost of services52,04057,508
Salaries and benefits139,371138,223
Depreciation and amortization9,1709,255

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's education technology services and payments revenue — cost of services?
Nelnet (NNI) reported education technology services and payments revenue — cost of services of $49.95M in Q1 2026.
How has Nelnet's education technology services and payments revenue — cost of services changed year-over-year?
Nelnet's education technology services and payments revenue — 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 revenue — cost of services?
Over 4 years (2021 to 2025), Nelnet's education technology services and payments revenue — cost of services has grown at a 13.0% compound annual growth rate (CAGR), from $108.66M to $176.91M.
What does education technology services and payments revenue — cost of services mean?
This metric measures the direct operating expenses incurred to deliver technology services, payment processing, and support solutions to educational clients. It includes costs such as personnel, infrastructure maintenance, and third-party processing fees directly attributable to the revenue-generating activities of the education technology segment. Monitoring this metric helps assess the operational efficiency and the direct cost structure required to maintain and scale the company's education service offerings.

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