Nelnet IncNNI
What Nelnet Inc does.
Nelnet is an operating holding company with primary businesses in consumer lending, loan servicing, payments, and technology-enabled services, many of which are focused on serving customers in the education sector. The Company conducts these activities both directly and through its wholly owned and majority-owned subsidiaries, and actively manages and operates its businesses on an integrated basis. Nelnet’s largest operating and technology platforms support loan servicing and education-related technology and payment solutions. A significant portion of the Company’s revenue is derived from net interest income earned on a portfolio of federally insured student loans, a substantial portion of which is serviced by the Company.
The Company has also broadened its operating business mix both within and beyond its historical education-focused activities. These businesses include banking and other financial services conducted through the Company’s bank and other subsidiaries, asset management and related customer-facing servicing, real estate development and management, reinsurance operations, renewable energy development, and selected strategic interests in early-stage, emerging growth, and other operating enterprises. The Company actively manages such businesses and holds interests in them for strategic and operational purposes.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.6B | $20.1M | $62.9M | $107.5M |
| Net income | $352.4M | $393.3M | $406.9M | $89.8M | $184.0M | $428.5M |
| Free cash flow | $235.8M | $421.4M | $623.6M | $358.0M | $642.0M | $396.7M |
More on NNI.
- Nelnet Inc summary
- Nelnet Inc financial statements
- Nelnet Inc key metrics
- Nelnet Inc health scores and style box
- Nelnet Inc earnings
- Nelnet Inc dividends
- Nelnet Inc valuation
- Nelnet Inc ownership and insiders
- Nelnet Inc peers
Figures from Nelnet Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.