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+17.1% | $266K+21.5% | $253K+15.0% | $243K+2.5% | $234K-4.9% | |
| Loan Servicing and Systems (LSS) | $21.48M-7.8% | $22.16M-9.5% | $22.67M-10.6% | $22.79M-15.2% | $23.29M-16.8% | |
| Nelnet Bank | $0— | $0— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Education technology services | $171.9M+1.9% | $171.48M+1.4% | $172.26M+0.6% | $166.02M-4.0% | $168.74M-1.9% | |
| FFELP loan servicing | $8.5M-25.9% | $8.88M-27.3% | $9.55M-26.8% | $10.46M-22.0% | $11.47M-16.4% | |
| Other | $1.66M-23.8% | $1.11M-63.2% | $1.06M-70.3% | $1.14M-70.5% | $2.18M-40.1% | |
| Outsourced services | $3.01M-35.6% | $3.35M-30.0% | $3.85M-22.5% | $4.27M-27.6% | $4.67M-51.6% | |
| Payment processing | $197.67M+8.1% | $193.32M+8.0% | $189.65M+8.3% | $185.98M+9.3% | $182.79M+9.1% | |
| Private education and consumer loan servicing | $97.44M+32.5% | $94.47M+48.9% | $94.54M+85.1% | $83.31M+65.5% | $73.53M+48.7% | |
| Software services | $43.19M+83.9% | $38.42M+82.7% | $33.44M+78.4% | $28.06M+22.2% | $23.48M-2.4% | |
| Tuition payment plan services | $143.03M+4.4% | $141.25M+4.0% | $140.21M+4.0% | $138.89M+4.2% | $137.04M+5.4% |
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.