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Nelnet NNI Total Operating Expenses

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$321.85M+26.6%
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$1.24B+33.4%
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$1B+19.0%

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$4.68B+14.9%

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 official record: Nelnet’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.