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Nelnet NNI · USD

Financials · US listing · 🇺🇸 United States

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132.50

+1.51%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$2.26bn

FY2016FY2025

Net income

$428.5m

FY2016FY2025

Total assets

$14.06bn

FY2016FY2025

Shareholders' equity

$3.69bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expense$2.26bn$1.85bn$1.81bn$1.82bn$1.42bn$1.37bn$1.68bn$1.68bn$1.18bn$1.19bn
Research and development——$0$3.7m$0$0$0$3.9m$0$0
Operating income$1.14bn$228.6m$68.7m$501.8m$502.1m$450.5m$176.7m$286.3m$226.7m$398.8m
Net income$428.5m$184.0m$89.8m$406.9m$393.3m$352.4m$141.8m$227.9m$173.2m$256.8m
Diluted earnings per share11.795.052.4010.9110.259.143.555.584.226.07

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$14.06bn$13.78bn$16.71bn$19.37bn$21.68bn$22.65bn$23.71bn$25.22bn$23.96bn$27.18bn
Cash and short-term investments$973.5m$1.18bn$1.11bn$2.14bn$2.64bn$1.46bn$433.6m$192.0m$147.7m$176.1m
Total liabilities$10.49bn$10.48bn$13.51bn$16.17bn$18.73bn$20.02bn$21.32bn$22.91bn$21.80bn$25.11bn
Debt$7.79bn$9.50bn$12.57bn$15.33bn$17.98bn$19.38bn$20.53bn$22.22bn$21.36bn$24.67bn
Shareholders' equity$3.69bn$3.35bn$3.25bn$3.20bn$2.95bn$2.63bn$2.39bn$2.31bn$2.15bn$2.06bn
Shares outstanding36m36m37m37m38m39m40m41m41m42m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$513.6m$525.5m$503.9m$494.6m$612.8m$466.1m$434.2m$434.8m
Operating income$205.5m$207.3m$194.5m$136.4m$237.4m$106.1m$78.4m−$2.2m
Net income$66.7m$71.1m$57.8m$106.7m$181.5m$82.6m$63.2m$2.4m
Diluted earnings per share1.851.971.592.944.992.271.730.07
Total assets$14.28bn$14.18bn$14.06bn$13.88bn$13.71bn$14.19bn$13.78bn$14.08bn
Cash and short-term investments$46.8m$118.7m$973.5m$1.37bn$1.31bn$1.26bn$1.18bn$1.15bn
Debt$7.04bn$6.46bn$7.79bn$8.98bn$8.52bn$9.55bn$9.25bn$10.03bn
Shareholders' equity$3.77bn$3.73bn$3.69bn$3.65bn$3.57bn$3.42bn$3.35bn$3.29bn

Financial ratios

Data as of 17 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin45.2%12.4%3.8%27.6%35.4%32.8%——
Net margin18.9%10.0%5.0%22.4%27.7%25.7%——
Return on equity11.6%5.5%2.8%12.7%13.3%13.4%——
Return on assets3.0%1.3%0.5%2.1%1.8%1.6%——
Revenue growth22.6%1.8%-0.1%28.1%3.3%-18.2%——
Earnings growth132.8%104.9%-77.9%3.5%11.6%148.5%——
Current ratio382.15x0.64x0.56x1.19x22.22x2.70x——
Debt to equity1.85x2.48x3.64x9.15x5.84x7.56x——
Equity ratio26.2%24.3%19.5%16.5%13.6%11.6%——
Interest coverage2.06x0.34x0.08x1.17x2.85x1.36x——
R&D as a share of sales——0.0%0.2%0.0%0.0%0.0%0.2%
Buybacks as a share of market value0.3%2.4%-0.2%2.8%0.5%3.4%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.6%10.5%7.4%
Operating income31.6%20.5%10.5%
Net income1.7%4.0%4.8%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin33.4%25.1%27.5%25.4%
Net margin14.9%14.3%17.6%16.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings11.321.236.78.39.57.816.49.413.08.4
Price to sales2.12.11.81.92.62.01.41.31.91.8

Market value over time

30 Nov 2016 to 16 Oct 2026, in USD

$2.17bn$4.59bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return34%19%-3%-5%39%16%22%-9%1%60%

Dividends and splits

Per share, in the currency the company pays

Paid for 19 years. Last went ex-dividend on 1 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.991.191.121.060.980.900.820.74

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.