NELNET INC
NELNET INC
Insider Sentiment (TTM):
Last Purchase:-Last Sale:2025-12-09Shares Purchased (TTM):0Shares Sold (TTM):47,423
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:11,482,699Shares Outstanding:36,076,912Institutional Ownership Pct.:31.83%
Earnings Market Reaction:
Filing Date:2026-05-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nonrelated Party | 119 | 128 | -8 | 68 | 67 | 49 | 58 | -6 | 39 | 35 | - | - | |||||
Related Party | 119 | 128 | -8 | 68 | 67 | 49 | 58 | -6 | 39 | 35 | - | - | |||||
Common Class A | 25 | 25 | 25 | -26 | 26 | 0 | 0 | -0 | 26 | 0 | 0 | 0 | |||||
Common Class B | 11 | 11 | 11 | -11 | 11 | 0 | 0 | 0 | 11 | 0 | 0 | 0 | |||||
Variable Interest Entity Primary Beneficiary | 8,647 | 8,781 | 198 | -586 | 9,369 | 9,123 | -434 | -1,017 | 11,293 | 12,677 | -510 | -156 | |||||
Assets | |||||||||||||||||
Notes Receivable Net | 10,009 | 10,007 | 10,227 | 10,155 | 10,423 | 9,993 | 10,573 | 10,940 | 11,829 | 13,108 | 13,868 | 14,361 | |||||
Cash And Cash Equivalents | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 240 | 296 | 216 | 226 | 221 | 195 | 220 | 145 | 180 | 168 | 188 | 122 | |||||
Marketable Securities | 1,523 | 1,415 | 1,392 | 1,287 | 1,239 | 1,160 | 996 | 949 | 1,038 | 1,007 | - | - | |||||
Restricted Cash | 308 | 358 | 394 | 318 | 317 | 332 | 344 | 538 | 618 | 489 | 446 | 484 | |||||
Restricted Investments | - | - | - | - | - | - | 50 | 50 | 36 | 18 | - | - | |||||
Accounts Receivable Net | 197 | 193 | 148 | 127 | 130 | 160 | 154 | 160 | 135 | 196 | 130 | 136 | |||||
Goodwill | 204 | 158 | 158 | 158 | 158 | 158 | 158 | 158 | 158 | 158 | 177 | 177 | |||||
Intangible Assets Net Excluding Goodwill | 98 | 29 | 32 | 33 | 35 | 36 | 38 | 41 | 43 | 45 | 52 | 57 | |||||
Property Plant And Equipment Net | 85 | 76 | 93 | 85 | 90 | 95 | 125 | 132 | 149 | 127 | 127 | 130 | |||||
Other Assets | 278 | 279 | 212 | 245 | 222 | 204 | 184 | 181 | 186 | 188 | 131 | 126 | |||||
Assets | 14,178 | 14,064 | 13,877 | 13,711 | 14,192 | 13,778 | 14,084 | 14,501 | 15,374 | 16,712 | 17,198 | 17,786 | |||||
Liabilities | |||||||||||||||||
Long Term Debt | 7,699 | 7,781 | 7,823 | 7,904 | 8,656 | 8,310 | 8,938 | 9,568 | 10,583 | 11,828 | 12,448 | 13,070 | |||||
Interest Payable Current And Noncurrent | 17 | 20 | 19 | 19 | 22 | 21 | 25 | 27 | 32 | 35 | 36 | 36 | |||||
Deposits | 1,745 | 1,669 | 1,477 | 1,382 | 1,313 | 1,186 | 1,071 | 890 | 802 | 744 | 718 | 731 | |||||
Other Liabilities | 567 | 558 | 529 | 494 | 458 | 483 | 435 | 407 | 450 | 479 | 419 | 423 | |||||
Payables To Customers | 544 | 458 | 443 | 429 | 379 | 478 | 404 | 389 | 275 | 426 | 342 | 300 | |||||
Liabilities | 10,572 | 10,487 | 10,290 | 10,228 | 10,829 | 10,479 | 10,874 | 11,281 | 12,141 | 13,512 | 13,964 | 14,560 | |||||
Equity | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Number Of Sh… | |||||||||||||||||
Additional Paid In Capital | 2 | 1 | 1 | 1 | 7 | 7 | 4 | 1 | 1 | 3 | 14 | 10 | |||||
Retained Earnings Accumulated Deficit | 3,733 | 3,681 | 3,648 | 3,576 | 3,413 | 3,341 | 3,288 | 3,295 | 3,313 | 3,270 | 3,306 | 3,270 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -4 | 3 | 3 | -2 | -0 | 1 | -1 | -2 | -8 | -20 | -25 | -21 | |||||
Stockholders Equity | 3,606 | 3,686 | 3,587 | 3,575 | 3,420 | 3,299 | 3,210 | 3,294 | 3,306 | 3,200 | 3,237 | 3,259 | |||||
Minority Interest | -125 | -109 | -67 | -92 | -57 | -51 | -81 | -74 | -48 | -54 | -36 | -12 | |||||
Liabilities And Stockholders Equity | 14,178 | 14,064 | 13,877 | 13,711 | 14,192 | 13,778 | 14,084 | 14,501 | 15,399 | 16,712 | 17,223 | 17,808 | |||||
Financing Receivable Allowance For Credit Losses | 155 | 132 | 108 | 125 | 120 | 115 | 102 | 97 | 106 | 105 | 110 | 114 | |||||
Allowance For Doubtful Accounts Receivable | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.63% | -4.68% | -5.42% | - | - | - | - | - | - | - | - | - |
| 2025 | 9.22% | 13.46% | 17.61% | 2.23% | 0.50% | 5.72% | -0.43% | 4.83% | 1.12% | -3.29% | 6.44% | -4.27% |
| 2024 | 5.47% | 2.62% | 14.66% | 7.94% | 4.54% | 4.91% | -11.25% | -13.25% | -9.52% | 0.03% | -6.19% | 6.10% |
| 2023 | 3.56% | 2.99% | 4.33% | -7.31% | -10.74% | -17.30% | -1.81% | 1.26% | 1.19% | 2.97% | 7.78% | 24.64% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -0.04 | 0.11 | 0.41 | 0.03 | -0.53 | 0.26 | 0.67 | 1.03 | 1.16 | 1.08 | 1.20 | 1.32 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 10.29 | 10.96 | 11.95 | 9.03 | 5.30 | 5.02 | 1.97 | 3.12 | 2.59 | 1.32 | 3.44 | 5.06 | |||||
| Free Cash Flow Per Share TTM | 10.27 | 10.92 | 11.83 | 12.65 | 13.89 | 16.57 | 13.78 | 13.92 | 12.05 | 9.57 | 8.32 | 8.97 | |||||
| Dividend Per Share TTM | 1.24 | 1.18 | 1.14 | 1.11 | 1.11 | 1.11 | 1.13 | 1.11 | 1.08 | 1.05 | 1.03 | 1.01 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 57.22% | 55.55% | 54.39% | 47.86% | 48.10% | 47.69% | 47.94% | 54.24% | 55.21% | 57.57% | 60.25% | 61.25% | |||||
| Operating Profit Margin TTM | 87.08% | 94.28% | 105.26% | 86.08% | 50.59% | 47.38% | 23.25% | 32.94% | 25.97% | 13.27% | 26.88% | 40.93% | |||||
| Net Profit Margin TTM | 71.95% | 78.25% | 81.78% | 67.59% | 40.59% | 38.15% | 15.20% | 23.11% | 19.02% | 9.52% | 24.39% | 35.39% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 8.46% | 5.53% | 12.10% | -1.08% | -5.93% | -6.86% | -10.57% | -7.94% | -6.02% | -3.27% | -3.06% | 2.19% | |||||
| Net Income Growth (1Y) | 92.23% | 116.44% | 503.00% | 189.31% | 100.72% | 273.09% | -44.24% | -39.88% | -61.06% | -87.89% | -74.45% | -58.03% | |||||
| EPS Growth (1Y) | 94.37% | 118.23% | 504.90% | 189.62% | 104.46% | 280.97% | -42.61% | -38.33% | -60.86% | -87.83% | -74.53% | -57.76% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 12.50 | 12.07 | 10.42 | 13.28 | 20.69 | 20.95 | 56.37 | 31.70 | 35.72 | 65.21 | 25.21 | 18.48 | |||||
| P/B TTM | 1.29 | 1.34 | 1.26 | 1.22 | 1.17 | 1.17 | 1.26 | 1.10 | 1.04 | 1.01 | 1.00 | 1.07 | |||||
| P/S TTM | 8.99 | 9.44 | 8.52 | 8.97 | 8.40 | 7.99 | 8.57 | 7.33 | 6.80 | 6.21 | 6.15 | 6.54 | |||||
| Market Cap | 4.64B | 4.81B | 4.52B | 4.38B | 4.00B | 3.86B | 4.06B | 3.61B | 3.44B | 3.22B | 3.25B | 3.50B | |||||
| Enterprise Value | 11.51B | 11.61B | 11.57B | 11.48B | 11.82B | 11.23B | 12.09B | 12.24B | 13.08B | 14.02B | 14.91B | 15.76B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 370.52M | 396.75M | 429.78M | 461.61M | 506.69M | 607.23M | 502.09M | 508.31M | 447.89M | 357.98M | 312.15M | 336.22M | |||||
| Net Debt | 6.87B | 6.81B | 7.06B | 7.10B | 7.82B | 7.38B | 8.04B | 8.62B | 9.64B | 10.80B | 11.66B | 12.26B | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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Growth Rates | |||||||||||||||||
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Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
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| Net Debt to Equity | |||||||||||||||||
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Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2025-12-09Sale
Owner: Van, Deun Jona M
Title: -
Shares: 400
Price/Share: $128.95
Value: $51,580.00
Shares Owned: 704
Relationship: Director
Ownership: Direct
2025-09-05Sale
Owner: Henning, Thomas Edward
Title: -
Shares: 5,094
Price/Share: $128.87
Value: $656,463.78
Shares Owned: 11,058
Relationship: Director
Ownership: Direct
2025-08-25Sale
Owner: Butterfield, Shelby J
Title: -
Shares: 41,929
Price/Share: $119.25
Value: $5,000,033.25
Shares Owned: 510
Relationship: Other
Ownership: Indirect
2024-11-15Sale
Owner: Van, Deun Jona M
Title: -
Shares: 440
Price/Share: $110.32
Value: $48,540.80
Shares Owned: 633
Relationship: Director
Ownership: Direct
2024-11-13Sale
Owner: Munn, William J
Title: Secy/Chief Legal Off/Gen Coun
Shares: 2,500
Price/Share: $108.89
Value: $272,225.00
Shares Owned: 9,354
Relationship: Officer
Ownership: Indirect
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Institutional Ownership
No data available for chart
2026-03-31
31.83%
Inst. Shares: 11,482,699
Shares Outstanding: 36,076,912
2025-12-31
31.64%
Inst. Shares: 11,497,198
Shares Outstanding: 36,341,197
2025-09-30
32.54%
Inst. Shares: 11,817,716
Shares Outstanding: 36,316,315
2025-06-30
32.51%
Inst. Shares: 11,862,309
Shares Outstanding: 36,485,605
2025-03-31
32.72%
Inst. Shares: 11,934,059
Shares Outstanding: 36,478,426
NELNET INC (NNI) — SEC Financial Statements & Analysis
NELNET INC (NNI) is a personal credit institutions company, incorporated in NE. NELNET INC trades on NNI: NYSE as: NNI. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), NELNET INC reported a 8.46% year-over-year revenue growth, a Gross Profit Margin of 57.22% (TTM), a Price-to-Sales (P/S) ratio of 8.99x (TTM), a Price-to-Book (P/B) ratio of 1.29 (TTM), at a market cap of $4.64B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 8.46%
- Gross Profit Margin TTM
- 57.22%
- P/S TTM
- 8.99x
- P/B TTM
- 1.29
- Market Cap
- $4.64B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is NELNET INC in?
NELNET INC (NNI) operates in the Personal Credit Institutions industry.
What is NNI's market cap?
NELNET INC (NNI) has a market capitalization of $4.64B as of 2026-03-31.
What is NNI's P/E ratio?
NELNET INC (NNI)'s trailing twelve month P/E ratio is 12.50x as of 2026-03-31.
What exchange does NNI trade on?
NELNET INC (NNI) trades on the NNI: NYSE.
Where is NELNET INC incorporated?
NELNET INC is incorporated in NE.