Nelnet NNI Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Intersegment revenue by Business | ||||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $274K+3.0% | $266K+5.1% | $253K+4.1% | $243K+3.8% | $234K+6.8% | |
| Loan Servicing and Systems (LSS) | $21.48M-3.1% | $22.16M-2.3% | $22.67M-0.5% | $22.79M-2.2% | $23.29M-4.9% | |
| Nelnet Bank | $0— | $0— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Education technology services | $171.9M+0.2% | $171.48M-0.5% | $172.26M+3.8% | $166.02M-1.6% | $168.74M-0.2% | |
| FFELP loan servicing | $8.5M-4.3% | $8.88M-7.0% | $9.55M-8.7% | $10.46M-8.8% | $11.47M-6.1% | |
| Other | $1.66M+50.0% | $1.11M+4.8% | $1.06M-7.4% | $1.14M-47.7% | $2.18M-27.5% | |
| Outsourced services | $3.01M-10.4% | $3.35M-13.0% | $3.85M-9.8% | $4.27M-8.4% | $4.67M-2.6% | |
| Payment processing | $197.67M+2.3% | $193.32M+1.9% | $189.65M+2.0% | $185.98M+1.7% | $182.79M+2.1% | |
| Private education and consumer loan servicing | $97.44M+3.1% | $94.47M-0.1% | $94.54M+13.5% | $83.31M+13.3% | $73.53M+15.9% | |
| Software services | $43.19M+12.4% | $38.42M+14.9% | $33.44M+19.2% | $28.06M+19.5% | $23.48M+11.7% | |
| Tuition payment plan services | $143.03M+1.3% | $141.25M+0.7% | $140.21M+0.9% | $138.89M+1.3% | $137.04M+0.9% |
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.