Nelnet NNI Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Intersegment revenue by Business | |||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $266K+21.5% | $219K-13.4% | $253K— | —— | |
| Loan Servicing and Systems (LSS) | $22.16M-9.5% | $24.49M-15.3% | $28.91M-12.8% | $33.17M-2.3% | |
| Nelnet Bank | $0— | $0— | $0— | $0— | |
| Net Income by Business | |||||
| Asset Generation and Management | $96.15M+68.2% | $57.15M-6.7% | $61.29M-82.3% | $345.59M+7.3% | |
| Education Technology Services and Payments (ETSP) | $85.88M-4.3% | $89.72M+29.4% | $69.34M— | —— | |
| Loan Servicing and Systems (LSS) | $73.26M+138% | $30.78M-47.9% | $59.07M+20.6% | $48.99M+3.2% | |
| Nelnet Bank | $11.05M— | —— | -$216K-106% | $3.34M+641% | |
| Other, net by Business | |||||
| Asset Generation and Management | $28.14M+97.7% | $14.24M+323% | -$6.39M-130% | $21.17M-38.3% | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $458K-83.5% | $2.77M+7.0% | $2.59M+1.7% | $2.54M-23.1% | |
| Nelnet Bank | $3.32M+12.6% | $2.95M— | —— | $2.62M+268% | |
| Noninterest Income (Expense) by Business | |||||
| Asset Generation and Management | $23.13M-7.0% | $24.87M+47,731% | $52K-100.0% | $277.24M+118% | |
| Education Technology Services and Payments (ETSP) | $507.42M+4.2% | $487.18M+5.1% | $463.56M— | —— | |
| Loan Servicing and Systems (LSS) | $531.71M+4.3% | $509.67M-7.2% | $549.45M-3.8% | $571.17M+11.9% | |
| Nelnet Bank | $120K-98.6% | $8.57M— | —— | $2.62M+268% | |
| Interest and Dividend Income, Operating by Business | |||||
| Asset Generation and Management | $674.09M-17.5% | $817.42M-16.3% | $977.16M+44.4% | $676.56M+33.5% | |
| Education Technology Services and Payments (ETSP) | $26.48M-11.4% | $29.89M+10.9% | $26.96M— | —— | |
| Loan Servicing and Systems (LSS) | $2.44M-49.9% | $4.88M+0.7% | $4.85M+78.0% | $2.72M+1,887% | |
| Nelnet Bank | $118.7M+40.7% | $84.37M+45.8% | $57.86M+123% | $25.97M+236% | |
| Intersegment expenses, net by Business | |||||
| Asset Generation and Management | $4.95M-1.6% | $5.04M— | —— | —— | |
| Education Technology Services and Payments (ETSP) | $24.61M+30.3% | $18.89M-18.5% | $23.18M— | —— | |
| Loan Servicing and Systems (LSS) | $67.81M-5.1% | $71.48M-9.1% | $78.63M+4.6% | $75.15M+4.1% | |
| Nelnet Bank | $2.81M+19.1% | $2.36M+5,019% | -$48K0.0% | -$48K-145% | |
| Total Assets by Business | |||||
| Asset Generation and Management | $40.3B-9.2% | $44.38B-22.4% | $57.21B-15.7% | $67.87B-15.3% | |
| Education Technology Services and Payments (ETSP) | $2.07B+2.2% | $2.03B+9.9% | $1.84B— | —— | |
| Loan Servicing and Systems (LSS) | $706.63M-19.0% | $872.52M-7.6% | $944.67M-6.4% | $1.01B+8.2% | |
| Nelnet Bank | $7.53B+48.0% | $5.09B+24.5% | $4.09B+23.0% | $3.32B+101% | |
| Other expenses by Business | |||||
| Asset Generation and Management | $6.48M+56.1% | $4.15M— | —— | —— | |
| Education Technology Services and Payments (ETSP) | $37.96M+17.6% | $32.28M-5.4% | $34.13M— | —— | |
| Loan Servicing and Systems (LSS) | $46.27M+6.9% | $43.28M+1.2% | $42.76M-9.2% | $47.1M-10.7% | |
| Nelnet Bank | $7.49M+7.4% | $6.97M+39.6% | $4.99M+27.3% | $3.92M+121% | |
| Derivative settlements, net by Business | |||||
| Asset Generation and Management | $2.1M-59.8% | $5.22M-78.8% | $24.59M-25.4% | $32.94M+254% | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0— | $0— | |
| Nelnet Bank | $606K-33.9% | $917K+89.5% | $484K— | $0— | |
| Income Tax Expense (Benefit) by Business | |||||
| Asset Generation and Management | $30.34M+68.1% | $18.05M-6.7% | $19.35M-82.3% | $109.14M+7.3% | |
| Education Technology Services and Payments (ETSP) | $27.12M-4.3% | $28.33M+29.4% | $21.89M— | —— | |
| Loan Servicing and Systems (LSS) | $23.13M+138% | $9.72M-47.9% | $18.65M+20.6% | $15.47M+3.2% | |
| Nelnet Bank | $3.56M— | —— | -$153K-115% | $1.01M+683% | |
| Net loss attributable to noncontrolling interests by Business | |||||
| Asset Generation and Management | $85K— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | -$45K+71.3% | -$157K-38.9% | -$113K— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0— | $0— | |
| Nelnet Bank | $0— | $0— | $0— | $0— | |
| Interest Income (Expense), Operating by Business | |||||
| Asset Generation and Management | $210.99M+29.4% | $163.07M+5.8% | $154.08M-41.8% | $264.66M-20.8% | |
| Education Technology Services and Payments (ETSP) | $26.48M-11.4% | $29.89M+10.9% | $26.96M— | —— | |
| Loan Servicing and Systems (LSS) | $2.44M-49.9% | $4.88M+0.7% | $4.85M+80.9% | $2.68M+6,128% | |
| Nelnet Bank | $59.42M+50.4% | $39.51M+70.7% | $23.15M+55.2% | $14.92M+140% | |
| Reinsurance losses and underwriting expenses by Business | |||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0— | $0— | |
| Nelnet Bank | $0— | $0— | $0— | $0— | |
| Derivative market value adjustments, net by Business | |||||
| Asset Generation and Management | -$6.42M-218% | $5.42M+113% | -$40.25M-117% | $239.13M+158% | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0— | $0— | |
| Salaries and benefits by Business | |||||
| Asset Generation and Management | $6.36M+33.0% | $4.78M+14.1% | $4.19M+66.0% | $2.52M+18.3% | |
| Education Technology Services and Payments (ETSP) | $169.42M+2.9% | $164.72M+6.1% | $155.3M— | —— | |
| Loan Servicing and Systems (LSS) | $271.81M-9.5% | $300.37M-5.5% | $317.88M-7.8% | $344.81M+15.9% | |
| Nelnet Bank | $11.45M+2.9% | $11.12M+22.6% | $9.07M+30.6% | $6.95M+37.8% | |
| Contract with Customer, Liability, Revenue Recognized From Prior And Current Period by Business | |||||
| Education Technology Services and Payments | $161.27M+3.2% | $156.25M+6.0% | $147.41M+13.9% | $129.43M+22.3% | |
| Loan Servicing and Systems | $12.45M+85.3% | $6.72M+139% | $2.81M+3.5% | $2.71M-44.0% | |
| Operating Expenses by Business | |||||
| Asset Generation and Management | $47.07M+3.3% | $45.56M-11.9% | $51.74M-4.2% | $54.04M+7.0% | |
| Education Technology Services and Payments (ETSP) | $244.03M+7.8% | $226.41M-0.8% | $228.24M— | —— | |
| Loan Servicing and Systems (LSS) | $430.2M-8.9% | $472.16M-0.9% | $476.58M-5.4% | $503.88M+12.5% | |
| Nelnet Bank | $26.34M+14.0% | $23.11M+53.0% | $15.1M+35.7% | $11.13M+60.7% | |
| Servicing fees by Business | |||||
| Asset Generation and Management | $29.27M-7.4% | $31.59M-15.5% | $37.39M-10.5% | $41.79M— | |
| Nelnet Bank | $3.19M+132% | $1.37M+170% | $509K+74.3% | $292K— | |
| Interest expense on bonds and notes payable and bank deposits by Business | |||||
| Asset Generation and Management | $463.1M-29.2% | $654.35M-20.5% | $823.08M+99.8% | $411.9M— | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0-100% | $44K— | |
| Nelnet Bank | $59.28M+32.2% | $44.86M+29.3% | $34.7M+214% | $11.06M— | |
| Investments - real estate and venture capital by Business | |||||
| Asset Generation and Management | $0— | —— | —— | —— | |
| Education Technology Services and Payments | $0— | —— | —— | —— | |
| Loan Servicing and Systems | $0— | —— | —— | —— | |
| D&A by Business | |||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $10.88M+3.4% | $10.53M-7.0% | $11.32M— | —— | |
| Loan Servicing and Systems (LSS) | $8.97M-53.9% | $19.48M+1.1% | $19.26M-20.6% | $24.26M-5.4% | |
| Nelnet Bank | $1.4M+9.2% | $1.28M+123% | $574K+3,727% | $15K— | |
| Cost of Services by Business | |||||
| Asset Generation and Management | $0— | $0— | $0— | $0— | |
| Education Technology Services and Payments (ETSP) | $176.91M+2.4% | $172.76M+0.9% | $171.18M— | —— | |
| Loan Servicing and Systems (LSS) | $7.55M+300% | $1.89M— | $0— | $0— | |
| Nelnet Bank | $0— | $0— | $0— | $0— | |
| Goodwill by Business | |||||
| Asset Generation and Management | $167.53M0.0% | $167.53M0.0% | $167.53M0.0% | $167.53M0.0% | |
| Education Technology Services and Payments (ETSP) | $370.03M0.0% | $370.03M— | —— | —— | |
| Loan Servicing and Systems (LSS) | $94.56M0.0% | $94.56M0.0% | $94.56M0.0% | $94.56M0.0% | |
| Nelnet Bank | $0— | $0— | $0— | $0— | |
| Provision for loan losses by Business | |||||
| Asset Generation and Management | $49.26M+77.9% | $27.69M+7,792% | -$360K-101% | $33.13M+351% | |
| Education Technology Services and Payments (ETSP) | $0— | $0— | $0— | —— | |
| Loan Servicing and Systems (LSS) | $0— | $0— | $0— | $0— | |
| Nelnet Bank | $18.59M-30.9% | $26.92M+218% | $8.48M+361% | $1.84M+132% | |
| Revenue by Product | |||||
| Education technology services | $171.48M+1.4% | $169.07M-1.0% | $170.75M+16.4% | $146.68M+38.4% | |
| FFELP loan servicing | $8.88M-27.3% | $12.21M-10.9% | $13.7M-14.4% | $16.02M-12.4% | |
| Other | $1.11M-63.2% | $3M-10.9% | $3.37M+18.3% | $2.85M+136% | |
| Outsourced services | $3.35M-30.0% | $4.79M-64.7% | $13.58M-1.3% | $13.76M-45.8% | |
| Payment processing | $193.32M+8.0% | $179.04M+9.3% | $163.86M+10.6% | $148.21M+16.6% | |
| Private education and consumer loan servicing | $94.47M+48.9% | $63.46M+29.5% | $48.99M-0.5% | $49.21M+4.0% | |
| Software services | $38.42M+82.7% | $21.03M-28.0% | $29.21M-12.6% | $33.41M-3.4% | |
| Tuition payment plan services | $141.25M+4.0% | $135.85M+8.4% | $125.33M+13.1% | $110.8M+6.6% | |
| Cost of Services by Product | |||||
| Education technology services and payments revenue | $176.91M+2.4% | $172.76M+0.9% | $171.18M+15.4% | $148.4M+36.6% | |
| Loan servicing and systems revenue | $7.55M+300% | $1.89M— | $0— | $0— | |
| Solar construction revenue | $41.81M-46.2% | $77.67M+59.9% | $48.58M+143% | $19.97M— |
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.