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Nelnet NNI Loan Servicing and Systems (LSS) — Net Income

Other segment segments

Education Technology Services and Payments (ETSP)
$36.34M+0.6%
Asset Generation and Management
$23.2M+2.3%
Nelnet Bank
$7.11M+369%

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Other financials

Income statement

See full
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

See full
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:ProfitLoss.

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
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
Net income (loss) attributable to Nelnet, Inc.$15,04936,33823,1817,11381,681(511)(10,044)71,126
Total assets as of March 31, 2026$479,061452,9629,490,1622,515,55912,937,7441,129,447771,091(660,365)14,177,917

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's loan servicing and systems (LSS) — net income?
Nelnet (NNI) reported loan servicing and systems (LSS) — net income of $15.05M in Q1 2026.
How has Nelnet's loan servicing and systems (LSS) — net income changed year-over-year?
Nelnet's loan servicing and systems (LSS) — net income increased by 7.0% year-over-year, from $14.07M to $15.05M.
What is the long-term trend for Nelnet's loan servicing and systems (LSS) — net income?
Over 4 years (2021 to 2025), Nelnet's loan servicing and systems (LSS) — net income has grown at a 11.5% compound annual growth rate (CAGR), from $47.46M to $73.26M.
What does loan servicing and systems (LSS) — net income mean?
This metric represents the final bottom-line profitability of the Loan Servicing and Systems segment after accounting for all operating expenses, interest, and taxes. It serves as the primary indicator of the segment's financial success and its ability to generate value for the parent company. Investors use this to gauge the segment's contribution to overall corporate earnings.

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