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Nelnet NNI Loan Servicing and Systems (LSS) — 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 loan servicing and systems (LSS) — intersegment revenue?
Nelnet (NNI) reported loan servicing and systems (LSS) — intersegment revenue of $5.01M in Q1 2026.
How has Nelnet's loan servicing and systems (LSS) — intersegment revenue changed year-over-year?
Nelnet's loan servicing and systems (LSS) — intersegment revenue decreased by 11.9% year-over-year, from $5.68M to $5.01M.
What is the long-term trend for Nelnet's loan servicing and systems (LSS) — intersegment revenue?
Over 4 years (2021 to 2025), Nelnet's loan servicing and systems (LSS) — intersegment revenue has grown at a -10.1% compound annual growth rate (CAGR), from $33.96M to $22.16M.
What does loan servicing and systems (LSS) — intersegment revenue mean?
This captures the revenue generated by the Loan Servicing and Systems segment through transactions with other internal business units of the company. It reflects the internal service-level agreements and cross-segment support provided within the corporate structure. Tracking this is important for understanding the degree of operational integration and internal resource allocation across the organization.

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