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Nelnet NNI Nelnet Bank — Salaries and benefits

Other segment segments

Loan Servicing and Systems (LSS)
$67.62M-2.8%
Education Technology Services and Payments (ETSP)
$42.7M+2.3%
Asset Generation and Management
$1.63M+33.3%

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$120M-0.8%

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$4.68B+14.9%
Enterprise value$12.14B-3.0%
P/E11.2×-9.9×

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 official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nelnet's nelnet bank — salaries and benefits?
Nelnet (NNI) reported nelnet bank — salaries and benefits of $2.92M in Q1 2026.
How has Nelnet's nelnet bank — salaries and benefits changed year-over-year?
Nelnet's nelnet bank — salaries and benefits increased by 3.5% year-over-year, from $2.82M to $2.92M.
What is the long-term trend for Nelnet's nelnet bank — salaries and benefits?
Over 4 years (2021 to 2025), Nelnet's nelnet bank — salaries and benefits has grown at a 22.7% compound annual growth rate (CAGR), from $5.04M to $11.45M.
What does nelnet bank — salaries and benefits mean?
Includes all compensation-related expenses for personnel dedicated to the banking segment, such as salaries, bonuses, and employee benefits. This is a primary component of operating expenses and reflects the human capital investment required to maintain banking operations.