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NNINelnet, Inc.
$123.57$4.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NNI logo

Nelnet, Inc.

NNI
NYSE · Credit Services
$123.57
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$4.44B
P/E10.7x
52W High$144.38
Volume138.29K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

FFELP Runoff and Fee Volatility Pressure Nelnet's Earnings

Nelnet's Q2 2026 results reveal a company in transition, with net interest income growing 20.9% year-over-year to $96.0M but total revenue falling 45.6% to $333.6M, the lowest in the reported period. The FFELP portfolio's runoff is accelerating, pressuring NIM...

GrowthMixed
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

NNI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-53% Peers

P/E is 53% below peer median

03

Market leadership

RS 43 · Lag

Laggard (Underperforming 57% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NNI-3.43%
S&P 500 (^GSPC)+11.83%
1-Year Return
NNI-1.26%
S&P 500 (^GSPC)+14.29%
3-Year Return
NNI+44.19%
S&P 500 (^GSPC)+79.43%
5-Year Return
NNI+57.56%
S&P 500 (^GSPC)+70.81%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
10.7x
Forward P/E
16.5x
EV/EBITDA0th %ile
9.6x
FCF YieldCash Flow
8.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.7x
11.5x
40th· Fair
EV/EBITDA
9.6x
33.3x
0th· Low
Price/FCF
11.2x
8.8x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$119.69-3.1%
Base (Fair)$152.81+22.9%
Bull$188.98+52.9%
$119.69 Bear$152.81 Base$188.98 Bull
Current Market Price: $123.57
Trades at a 19.1% discount to Base DCF ($152.81)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.77B+51.5% YoY
Net income
$428M+132.8% YoY
Free cash flow
$397M-38.2% YoY
Operating margin
50.6%+38.2 pts YoY
ROIC (TTM)7.5%
Avg ROIC 5Y-
ROE (TTM)12.5%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$1.77-16.9%
vs $2.13
$410M-2.4%
vs $420M
Q2 2026
May 7, 2026
$1.94-27.1%
vs $2.66
$419M-5.6%
vs $444M
Q1 2026
Feb 26, 2026
$1.56-4.3%
vs $1.63
$392M+2.5%
vs $382M
Q4 2025
Nov 6, 2025
$2.95+94.1%
vs $1.52
$495M+29.5%
vs $382M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 21, 2026
Head-To-Head Review: Nelnet (NYSE:NNI) versus Upbound Group (NASDAQ:UPBD)

Upbound Group (NASDAQ: UPBD - Get Free Report) and Nelnet (NYSE: NNI - Get Free Report) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, earnings, valuation, institutional ownership, dividends, analyst recommendations and profitability. Analyst Recommendations This is a breakdown of current ratings

PRNewsWire·Sep 16, 2026
Nelnet Board of Directors Appoints Two New Members

LINCOLN, Neb., Sept. 16, 2026 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the appointment of Angie Klein and Ed Pallesen to its board of directors, expanding the board to 10 members.

PRNewsWire·Sep 8, 2026
Nelnet Accessibility Services Now on Civic Marketplace

State and local agencies can now access Nelnet's accessibility assessment, remediation, and compliance services through a cooperative contract that requires no new request for proposal (RFP) ahead of approaching Department of Justice (DOJ) Americans with Disabilities Act (ADA) Title II compliance deadlines. LINCOLN, Neb.

Defense World·Sep 2, 2026
Head-To-Head Survey: Aiful (OTCMKTS:AIFLY) versus Nelnet (NYSE:NNI)

Nelnet (NYSE: NNI - Get Free Report) and Aiful (OTCMKTS:AIFLY - Get Free Report) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, profitability, earnings, dividends, valuation, risk and analyst recommendations. Earnings and Valuation This table compares Nelnet and Aiful"s revenue,

Filtered for Nelnet, Inc.More Headlines
04

Compare before deciding

Benchmark NNI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Nelnet, Inc. (NNI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NNI logoNNINelnet, Inc.Current
$123.57$4.44B10.6751.48%18.93%12.46%0.96%
SLM logoSLMSLM Corporation
$22.61$4.25B6.537.32%23.97%30.31%—
NAVI logoNAVINavient Corporation
$9.11$856.24M-11.25-32.67%-1.67%-2.04%—
WRLD logoWRLDWorld Acceptance Corporation
$171.63$799.87M24.952.6%6.65%11%—
ENVA logoENVAEnova International, Inc.
$171.49$4.27B14.8112.2%11.81%25.76%—
PFSI logoPFSIPennyMac Financial Services, Inc.
$61.95$3.22B6.66339.48%13.68%9.14%—

Compare NNI vs Peers

Nelnet, Inc. (NNI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SLM

Most directly comparable listed peer for NNI.

Scale Benchmark

vs INTU

Larger-name benchmark to compare NNI against a more recognizable public peer.

Peer Set

Compare Top 5

vs SLM, NAVI, WRLD, ENVA

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NNI SEC Filings & Documents

Nelnet, Inc. (NNI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

May 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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NNI Frequently Asked Questions

Nelnet, Inc. (NNI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Nelnet, Inc. growing?

Nelnet, Inc. (NNI) grew revenue by 51.5% over the past year. This is strong growth.

Is NNI profitable?

Yes, Nelnet, Inc. (NNI) is profitable, generating $302.2M in net income for fiscal year 2025 (18.9% net margin).

Dividend & Returns
Does NNI pay dividends?

Yes, Nelnet, Inc. (NNI) pays a dividend with a yield of 0.96%. This makes it attractive for income-focused investors.

What is NNI's return on equity?

Nelnet, Inc. (NNI) has a return on equity (ROE) of 12.5%. This is reasonable for most industries.

Industry Metrics
What is Nelnet, Inc.'s net interest margin?

Nelnet, Inc. (NNI) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

What is Nelnet, Inc.'s efficiency ratio?

Nelnet, Inc. (NNI) has an efficiency ratio of 36.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in NNI back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →