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Nelnet NNI Nelnet Bank — Net Income

Other segment segments

Education Technology Services and Payments (ETSP)
$36.34M+0.6%
Asset Generation and Management
$23.2M+2.3%
Loan Servicing and Systems (LSS)
$15.05M+7.0%

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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: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 nelnet bank — net income?
Nelnet (NNI) reported nelnet bank — net income of $7.11M in Q1 2026.
How has Nelnet's nelnet bank — net income changed year-over-year?
Nelnet's nelnet bank — net income increased by 368.6% year-over-year, from $1.52M to $7.11M.
What is the long-term trend for Nelnet's nelnet bank — net income?
Over 3 years (2021 to 2025), Nelnet's nelnet bank — net income has grown at a 161.5% compound annual growth rate (CAGR), from -$618K to $11.05M.
What does nelnet bank — net income mean?
The final bottom-line profit or loss generated by the Nelnet Bank segment after all operating expenses, interest, taxes, and non-controlling interests are deducted. This is the primary indicator of the segment's overall financial contribution to the parent company.

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