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Nelnet NNI Total Operating Expenses

Total Operating Expenses at other companies

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Segments

By segment

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Loan Servicing and Systems (LSS)$111.34M+3.9%
Education Technology Services and Payments (ETSP)$62.86M+6.9%
Asset Generation and Management$12.18M+18.6%
Nelnet Bank$6.43M+9.2%

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$4.85B+5.9%
Enterprise value$12.31B+0.4%
P/E11.6×-2.3×

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:OperatingExpenses.

The source filing: Nelnet’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001258602-26-000033
Line itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Depreciation and amortization9,1709,255
Reinsurance losses and underwriting expenses23,60522,212
Other expenses61,84048,307
Total operating expenses233,986217,997
Income before income taxes75,661106,140
Income tax expense(20,061)(25,010)
Net income55,60081,130
Net loss attributable to noncontrolling interests15,5261,430

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's total operating expenses?
Nelnet (NNI) reported total operating expenses of $233.99M in Q1 2026.
How has Nelnet's total operating expenses changed year-over-year?
Nelnet's total operating expenses increased by 7.3% year-over-year, from $218M to $233.99M.
What is the long-term trend for Nelnet's total operating expenses?
Over 4 years (2021 to 2025), Nelnet's total operating expenses has grown at a 6.3% compound annual growth rate (CAGR), from $726.34M to $927.17M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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