Nelnet Inc
NYSE:NNI

Watchlist Manager
Nelnet Inc Logo
Nelnet Inc
NYSE:NNI
Watchlist
Price: 128.84 USD -1.26% Market Closed
Market Cap: 4.6B USD

Income Statement

Earnings Waterfall
Nelnet Inc

Revenue
2B USD
Cost of Revenue
-762.2m USD
Gross Profit
1.3B USD
Operating Expenses
-948.5m USD
Operating Income
338.1m USD
Other Expenses
87.8m USD
Net Income
425.9m USD

Income Statement
Nelnet Inc

Rotate your device to view
Income Statement
Currency: USD
Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Revenue
487
N/A
480
-1%
480
0%
479
0%
607
+27%
674
+11%
799
+19%
863
+8%
863
0%
957
+11%
963
+1%
1 080
+12%
1 217
+13%
1 378
+13%
1 663
+21%
1 718
+3%
1 799
+5%
1 852
+3%
2 065
+12%
1 959
-5%
1 861
-5%
1 736
-7%
1 490
-14%
1 264
-15%
1 057
-16%
925
-12%
1 009
+9%
877
-13%
776
-12%
702
-9%
1 030
+47%
604
-41%
763
+26%
851
+11%
983
+16%
879
-11%
899
+2%
900
+0%
959
+7%
866
-10%
1 046
+21%
1 050
+0%
1 098
+5%
1 207
+10%
1 073
-11%
1 136
+6%
1 151
+1%
1 168
+2%
1 176
+1%
1 131
-4%
1 175
+4%
1 153
-2%
1 094
-5%
1 149
+5%
1 227
+7%
1 212
-1%
1 240
+2%
1 216
-2%
1 197
-2%
1 349
+13%
1 507
+12%
1 644
+9%
1 702
+4%
1 710
+0%
1 703
0%
1 708
+0%
1 715
+0%
1 655
-4%
1 585
-4%
1 489
-6%
1 406
-6%
1 389
-1%
1 361
-2%
1 348
-1%
1 420
+5%
1 566
+10%
1 663
+6%
1 845
+11%
1 976
+7%
1 993
+1%
2 103
+6%
2 123
+1%
2 126
+0%
2 136
+0%
2 658
+24%
2 596
-2%
2 079
-20%
2 578
+24%
2 008
-22%
2 049
+2%
Gross Profit
Cost of Revenue
(225)
(216)
(200)
(198)
(198)
(219)
(255)
(310)
(391)
(483)
(620)
(775)
(942)
(1 116)
(1 241)
(1 333)
(1 400)
(1 460)
(1 503)
(1 477)
(1 342)
(1 182)
(1 027)
(848)
(722)
(564)
(385)
(289)
(242)
(235)
(233)
(234)
(226)
(219)
(228)
(245)
(262)
(267)
(269)
(258)
(248)
(237)
(231)
(233)
(244)
(260)
(273)
(285)
(288)
(294)
(302)
(323)
(346)
(367)
(439)
(412)
(432)
(458)
(524)
(568)
(639)
(718)
(746)
(811)
(832)
(831)
(800)
(745)
(644)
(531)
(433)
(327)
(293)
(285)
(285)
(314)
(347)
(440)
(599)
(770)
(949)
(1 032)
(1 065)
(1 067)
(1 266)
(1 248)
(933)
(1 115)
(822)
(762)
Gross Profit
262
N/A
265
+1%
280
+6%
281
+0%
410
+46%
455
+11%
544
+20%
553
+2%
472
-15%
474
+1%
343
-28%
306
-11%
275
-10%
263
-4%
422
+60%
385
-9%
399
+4%
392
-2%
563
+43%
482
-14%
519
+8%
554
+7%
464
-16%
417
-10%
336
-19%
362
+8%
624
+73%
588
-6%
533
-9%
468
-12%
797
+71%
370
-54%
537
+45%
632
+18%
755
+19%
634
-16%
637
+1%
632
-1%
690
+9%
608
-12%
798
+31%
813
+2%
867
+7%
975
+12%
830
-15%
876
+6%
878
+0%
884
+1%
888
+0%
837
-6%
872
+4%
831
-5%
748
-10%
783
+5%
787
+1%
800
+2%
808
+1%
758
-6%
673
-11%
781
+16%
868
+11%
926
+7%
956
+3%
900
-6%
872
-3%
877
+1%
915
+4%
910
-1%
941
+3%
959
+2%
973
+1%
1 061
+9%
1 068
+1%
1 063
0%
1 135
+7%
1 253
+10%
1 317
+5%
1 404
+7%
1 378
-2%
1 222
-11%
1 154
-6%
1 091
-6%
1 061
-3%
1 069
+1%
1 391
+30%
1 348
-3%
1 146
-15%
1 462
+28%
1 186
-19%
1 287
+8%
Operating Income
Operating Expenses
(218)
(227)
(218)
(215)
(224)
(208)
(207)
(233)
(231)
(251)
(211)
(260)
(244)
(245)
831
52
335
296
1 034
1 377
1 260
1 490
629
1 215
1 075
853
33
194
247
345
(174)
(150)
(276)
(378)
(415)
(299)
(302)
(298)
(416)
(250)
(383)
(363)
(401)
(501)
(394)
(402)
(408)
(427)
(438)
(444)
(452)
(440)
(427)
(406)
(389)
(397)
(406)
(419)
(446)
(482)
(546)
(612)
(666)
(709)
(712)
(724)
(728)
(788)
(793)
(764)
(793)
(708)
(643)
(645)
(633)
(661)
(719)
(762)
(861)
(920)
(927)
(913)
(828)
(805)
(1 011)
(1 016)
(878)
(1 101)
(934)
(949)
Selling, General & Administrative
(177)
(187)
(185)
(186)
(204)
(193)
(195)
(209)
(205)
(231)
(215)
(228)
(247)
(273)
(334)
(358)
(378)
(384)
(390)
(339)
(318)
(304)
(323)
(307)
(304)
(293)
(226)
(267)
(257)
(249)
(258)
(262)
(262)
(265)
(265)
(269)
(273)
(271)
(271)
(268)
(263)
(260)
(261)
(261)
(264)
(276)
(281)
(287)
(290)
(290)
(293)
(288)
(279)
(267)
(256)
(265)
(278)
(289)
(302)
(327)
(363)
(403)
(436)
(453)
(457)
(463)
(476)
(482)
(487)
(493)
(516)
(498)
(498)
(500)
(519)
(541)
(563)
(582)
(596)
(593)
(596)
(590)
(591)
(583)
(719)
(720)
(574)
(706)
(560)
(562)
Depreciation & Amortization
(31)
(25)
(13)
(16)
(14)
(14)
(9)
(20)
(20)
(20)
(8)
(24)
(23)
(28)
(25)
(36)
(43)
(48)
(30)
(37)
(37)
(32)
(26)
(32)
(30)
(28)
(25)
(29)
(29)
(30)
(30)
(34)
(32)
(30)
(30)
(31)
(33)
(33)
(34)
(30)
(26)
(22)
(18)
(19)
(20)
(21)
(21)
(22)
(23)
(25)
(26)
(28)
(30)
(32)
(34)
(35)
(36)
(37)
(40)
(50)
(62)
(75)
(87)
(93)
(96)
(100)
(105)
(109)
(113)
(116)
(119)
(111)
(102)
(88)
(74)
(71)
(69)
(72)
(74)
(74)
(74)
(77)
(79)
(79)
(92)
(84)
(58)
(67)
(43)
(37)
Other Operating Expenses
(9)
(14)
(20)
(13)
(5)
(1)
(4)
(4)
(6)
1
12
(9)
26
56
1 190
447
756
728
1 454
1 752
1 614
1 826
978
1 554
1 409
1 174
285
490
533
624
113
146
17
(83)
(121)
1
3
7
(111)
47
(94)
(81)
(122)
(222)
(111)
(106)
(106)
(117)
(125)
(129)
(132)
(124)
(119)
(107)
(99)
(98)
(92)
(93)
(105)
(106)
(121)
(135)
(143)
(163)
(159)
(161)
(146)
(197)
(192)
(155)
(159)
(99)
(44)
(58)
(41)
(50)
(87)
(109)
(190)
(253)
(257)
(246)
(158)
(143)
(200)
(212)
(247)
(327)
(331)
(349)
Operating Income
45
N/A
38
-15%
62
+63%
67
+8%
186
+178%
247
+33%
337
+36%
320
-5%
241
-25%
224
-7%
133
-41%
45
-66%
31
-31%
18
-43%
1 252
+6 935%
437
-65%
734
+68%
688
-6%
1 596
+132%
1 859
+16%
1 779
-4%
2 044
+15%
1 093
-47%
1 632
+49%
1 411
-14%
1 215
-14%
657
-46%
782
+19%
780
0%
813
+4%
623
-23%
220
-65%
261
+19%
254
-3%
340
+34%
335
-1%
336
+0%
335
0%
275
-18%
358
+30%
415
+16%
450
+8%
466
+4%
474
+2%
436
-8%
474
+9%
470
-1%
457
-3%
450
-2%
394
-12%
421
+7%
391
-7%
321
-18%
377
+17%
399
+6%
403
+1%
403
0%
340
-16%
227
-33%
299
+32%
322
+7%
313
-3%
290
-7%
191
-34%
160
-16%
153
-4%
187
+22%
122
-35%
149
+22%
195
+31%
179
-8%
353
+97%
425
+20%
418
-2%
502
+20%
592
+18%
598
+1%
642
+7%
517
-20%
302
-42%
227
-25%
177
-22%
233
+31%
264
+13%
380
+44%
331
-13%
267
-19%
361
+35%
253
-30%
338
+34%
Pre-Tax Income
Interest Income Expense
(1)
(6)
0
(9)
(8)
(59)
0
8
(51)
68
0
54
142
5
0
(65)
(85)
6
0
10
15
5
0
41
1
(2)
0
(18)
(6)
(42)
0
(5)
(9)
10
(18)
(34)
(37)
(49)
0
(45)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
4
6
6
3
52
40
37
35
(36)
(42)
10
5
4
10
10
(2)
(5)
(14)
(124)
(95)
(78)
(57)
13
27
45
75
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(22)
(22)
(22)
(71)
(50)
(116)
(116)
(67)
(26)
(7)
(4)
(7)
(41)
(36)
(20)
(76)
(88)
(68)
(86)
(27)
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(4)
0
(6)
(16)
(17)
(51)
(49)
(35)
234
270
271
260
(10)
(12)
(19)
(8)
(17)
0
0
(16)
(40)
(32)
(42)
(70)
(51)
(53)
122
146
Total Other Income
0
0
(6)
(6)
(6)
(6)
(92)
0
0
0
158
159
159
159
(1 114)
(310)
(624)
(609)
(1 473)
(1 806)
(1 703)
(1 942)
(1 005)
(1 468)
(1 257)
(1 021)
(387)
(457)
(416)
(429)
(224)
156
116
117
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
43
N/A
31
-27%
56
+81%
52
-8%
172
+232%
183
+7%
245
+34%
328
+34%
190
-42%
291
+54%
291
0%
258
-11%
332
+29%
181
-45%
117
-36%
40
-65%
4
-90%
14
+236%
74
+426%
(53)
N/A
(25)
+53%
40
N/A
62
+54%
199
+220%
151
-24%
184
+22%
229
+25%
272
+19%
338
+24%
266
-21%
311
+17%
303
-3%
282
-7%
354
+26%
322
-9%
301
-7%
299
-1%
286
-4%
275
-4%
315
+15%
415
+32%
450
+8%
466
+4%
474
+2%
436
-8%
474
+9%
470
-1%
457
-3%
450
-2%
394
-12%
421
+7%
391
-7%
321
-18%
377
+17%
399
+6%
403
+1%
403
0%
340
-16%
227
-33%
299
+32%
322
+7%
310
-4%
286
-7%
190
-34%
158
-17%
143
-9%
177
+24%
74
-58%
151
+104%
199
+32%
451
+126%
658
+46%
660
+0%
636
-4%
502
-21%
585
+17%
584
0%
644
+10%
510
-21%
300
-41%
221
-26%
147
-33%
69
-53%
137
+99%
260
+90%
204
-21%
229
+12%
335
+46%
420
+25%
558
+33%
Net Income
Tax Provision
(14)
(14)
(19)
(19)
(62)
(65)
(85)
(119)
(69)
(105)
(101)
(91)
(119)
(64)
(36)
(14)
(1)
(4)
(22)
17
11
(14)
(18)
(65)
(52)
(62)
(77)
(94)
(118)
(93)
(113)
(114)
(105)
(130)
(118)
(108)
(102)
(99)
(96)
(111)
(151)
(160)
(161)
(163)
(152)
(168)
(160)
(157)
(155)
(135)
(152)
(139)
(114)
(135)
(141)
(146)
(147)
(125)
(46)
(53)
(50)
(39)
(59)
(34)
(27)
(22)
(36)
(14)
(29)
(39)
(101)
(146)
(151)
(147)
(116)
(137)
(136)
(147)
(113)
(66)
(51)
(35)
(19)
(35)
(62)
(51)
(53)
(78)
(99)
(135)
Income from Continuing Operations
28
17
37
33
110
118
160
208
121
186
191
167
213
117
81
27
4
10
53
(36)
(14)
27
44
134
99
122
153
178
220
173
198
190
177
225
204
193
197
187
178
204
264
290
304
310
284
307
309
300
295
259
268
252
207
242
258
257
256
215
181
246
271
271
228
156
131
121
141
60
122
160
350
512
509
489
386
448
448
497
396
234
171
112
49
102
197
153
176
257
320
423
Income to Minority Interest
0
0
0
0
0
0
0
0
0
(0)
(1)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
(1)
1
6
8
11
10
6
3
0
(0)
(0)
(0)
1
(0)
(0)
(0)
3
4
5
7
7
8
9
12
11
13
20
19
40
36
31
32
8
10
9
11
Net Income (Common)
29
N/A
18
-39%
37
+113%
33
-12%
110
+236%
118
+8%
160
+35%
208
+30%
121
-42%
186
+53%
193
+4%
167
-13%
215
+28%
120
-44%
83
-31%
31
-63%
(0)
N/A
7
N/A
50
+655%
(41)
N/A
(12)
+70%
27
N/A
46
+69%
135
+193%
99
-26%
122
+23%
152
+25%
177
+17%
219
+24%
172
-21%
197
+14%
188
-4%
176
-7%
223
+27%
203
-9%
191
-6%
196
+2%
185
-5%
177
-5%
201
+14%
261
+29%
286
+10%
300
+5%
306
+2%
280
-9%
302
+8%
305
+1%
296
-3%
291
-1%
255
-12%
265
+4%
249
-6%
204
-18%
239
+17%
254
+6%
256
+1%
259
+1%
221
-14%
171
-23%
235
+37%
255
+9%
252
-1%
225
-10%
154
-32%
129
-16%
120
-7%
140
+17%
59
-58%
120
+103%
158
+31%
348
+120%
509
+47%
506
-1%
488
-4%
387
-21%
448
+16%
449
+0%
500
+11%
400
-20%
242
-39%
187
-23%
128
-31%
88
-31%
136
+54%
224
+65%
182
-19%
180
-1%
262
+45%
323
+24%
426
+32%
EPS (Diluted)
0.63
N/A
0.38
-40%
0.82
+116%
0.6
-27%
2.04
+240%
2.2
+8%
2.98
+35%
3.88
+30%
2.26
-42%
3.46
+53%
3.58
+3%
3.08
-14%
3.86
+25%
2.25
-42%
1.53
-32%
0.6
-61%
0
N/A
0.13
N/A
1
+669%
-0.83
N/A
-0.24
+71%
0.53
N/A
0.93
+75%
2.72
+192%
1.98
-27%
2.43
+23%
3.05
+26%
3.55
+16%
4.25
+20%
3.51
-17%
3.99
+14%
3.89
-3%
3.63
-7%
4.62
+27%
4.22
-9%
4.04
-4%
4.13
+2%
3.92
-5%
3.73
-5%
4.31
+16%
5.54
+29%
6.15
+11%
6.44
+5%
6.57
+2%
5.96
-9%
6.49
+9%
6.55
+1%
6.42
-2%
6.43
+0%
5.67
-12%
5.82
+3%
5.76
-1%
4.77
-17%
5.61
+18%
5.95
+6%
6.05
+2%
6.1
+1%
5.31
-13%
4.1
-23%
5.8
+41%
6.23
+7%
6.22
0%
5.57
-10%
3.84
-31%
3.26
-15%
3.03
-7%
3.54
+17%
1.49
-58%
3.09
+107%
4.09
+32%
8.9
+118%
13.16
+48%
12.98
-1%
12.64
-3%
10.03
-21%
11.85
+18%
11.92
+1%
13.36
+12%
10.63
-20%
6.51
-39%
4.9
-25%
3.42
-30%
2.35
-31%
3.69
+57%
6.13
+66%
4.98
-19%
4.93
-1%
7.16
+45%
8.87
+24%
11.72
+32%