Nelnet NNI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Intersegment revenue by Business | ||||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $72K+7.5% | $67K-4.3% | $70K+7.7% | $65K+1.6% | $64K+18.5% | |
| Loan Servicing and Systems (LSS) | $5.01M-9.9% | $5.56M+4.6% | $5.31M-5.2% | $5.6M-1.4% | $5.68M-6.4% | |
| Nelnet Bank | $0— | $0— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Canada Student Loan Program loan servicing | $11.33M— | —— | —— | —— | $0— | |
| Department of Education loan servicing | $76.12M— | —— | —— | —— | $87.36M— | |
| Education technology services | $56.11M+60.4% | $34.98M-3.7% | $36.32M-18.3% | $44.48M-20.1% | $55.7M+55.8% | |
| FFELP loan servicing | $2.25M+14.5% | $1.97M-3.2% | $2.04M-9.2% | $2.24M-14.9% | $2.63M-0.3% | |
| Other | $580K+60.7% | $361K-33.5% | $543K+210% | $175K+548% | $27K-91.3% | |
| Outsourced services | $713K+83.3% | $389K-71.0% | $1.34M+139% | $561K-47.2% | $1.06M+19.6% | |
| Payment processing | $55.89M+24.8% | $44.78M-24.7% | $59.48M+58.6% | $37.52M-27.2% | $51.54M+25.3% | |
| Private education and consumer loan servicing | $25.66M+3.7% | $24.75M+1.9% | $24.29M+6.9% | $22.73M+0.2% | $22.7M-8.6% | |
| Software services | $11.76M+3.3% | $11.39M+7.6% | $10.58M+12.0% | $9.45M+35.2% | $6.99M+9.0% | |
| Tuition payment plan services | $41.86M+30.0% | $32.19M-2.4% | $32.97M-8.4% | $36.01M-10.1% | $40.07M+28.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Nelnet break its business down?
- Nelnet (NNI) reports intersegment revenue by business across 4 parts — Asset Generation and Management, Education Technology Services and Payments (ETSP), Loan Servicing and Systems (LSS) and Nelnet Bank. Each is extracted from the segment footnotes and tracked over time.
- Where does Nelnet's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Nelnet's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.