Nelnet, Inc. (NNI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 455.13M | 432.18M | 377.49M | 461.97M | 325.65M | 270.96M | 248.32M | 274.67M | 311.46M | 213.12M | 269.5M | 236.78M | 241.39M | 263.72M | 336.76M | 311.26M | 446.45M | 374.42M | 263.65M | 281.54M |
| Gross Margin % | 86.61% | 85.76% | 76.32% | 75.39% | 69.87% | 62.41% | 57.12% | 60.4% | 60.26% | 49.63% | 56.04% | 51.64% | 50.81% | 55.72% | 71.19% | 78.94% | 90.36% | 88.91% | 82.48% | 84.83% |
| Gross Profit Growth % | 39.76% | 59.5% | 52.01% | 68.19% | 4.55% | 27.14% | -7.86% | 16% | 29.03% | -19.19% | -19.97% | -23.93% | -45.93% | -29.57% | 27.73% | 10.56% | 36.11% | 51.44% | -6.3% | -4.2% |
| Operating Expenses | 247.83M | 237.67M | 241.04M | 224.6M | 219.51M | 192.52M | 250.55M | 216.24M | 217.53M | 252.75M | 219.38M | 209.35M | 210.12M | 230.28M | 209.71M | 202.87M | 205.87M | 206.2M | 196.78M | 172.29M |
| OpEx % of Revenue | 47.16% | 47.16% | 48.73% | 36.65% | 47.09% | 44.34% | 57.63% | 47.55% | 42.09% | 58.87% | 45.62% | 45.66% | 44.23% | 48.65% | 44.33% | 51.45% | 41.67% | 48.96% | 61.56% | 51.91% |
| Selling, General & Admin | 0 | 0 | 164.74M | 160.36M | 160.44M | 202.48M | 146.19M | 150.62M | 155.19M | 152.92M | 141.2M | 144.71M | 152.71M | 151.57M | 147.2M | 141.4M | 149.41M | 143.78M | 128.59M | 118.97M |
| SG&A % of Revenue | - | - | 33.31% | 26.17% | 34.42% | 46.63% | 33.63% | 33.12% | 30.03% | 35.61% | 29.36% | 31.56% | 32.14% | 32.02% | 31.12% | 35.86% | 30.24% | 34.14% | 40.23% | 35.84% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 207.3M | 194.52M | 136.45M | 237.36M | 106.14M | 78.44M | -2.22M | 58.43M | 93.94M | -39.63M | 50.12M | 27.43M | 31.27M | 33.44M | 127.06M | 108.39M | 240.58M | 168.22M | 66.87M | 109.25M |
| Operating Margin % | 39.45% | 38.6% | 27.59% | 38.74% | 22.77% | 18.07% | -0.51% | 12.85% | 18.17% | -9.23% | 10.42% | 5.98% | 6.58% | 7.07% | 26.86% | 27.49% | 48.69% | 39.94% | 20.92% | 32.92% |
| Operating Income Growth % | 95.31% | 147.97% | 6238.01% | 306.25% | 12.99% | 297.91% | -104.44% | 113.01% | 200.44% | -218.52% | -60.55% | -74.69% | -87% | -80.12% | 90.01% | -0.79% | 52.49% | -44.33% | -25.98% | 1.28% |
| EBITDA | 216.47M | 203.88M | 152.3M | 266.65M | 129.26M | 104.95M | 34.18M | 94.09M | 127.89M | -22.9M | 85.2M | 86.79M | 65.48M | 96.03M | 166.63M | 146.13M | 276.92M | 186.9M | 103.77M | 147.59M |
| EBITDA Margin % | 41.19% | 40.46% | 30.79% | 43.52% | 27.73% | 24.17% | 7.86% | 20.69% | 24.74% | -5.33% | 17.72% | 18.93% | 13.78% | 20.29% | 35.22% | 37.06% | 56.05% | 44.38% | 32.46% | 44.47% |
| EBITDA Growth % | 67.46% | 94.27% | 345.64% | 183.38% | 1.07% | 558.29% | -59.89% | 8.41% | 95.32% | -123.85% | -48.87% | -40.61% | -76.35% | -48.62% | 60.58% | -0.99% | 41.16% | -46.83% | -26% | -6.82% |
| D&A (Non-Cash Add-back) | 9.17M | 9.37M | 15.86M | 29.28M | 23.12M | 26.5M | 36.4M | 35.67M | 33.96M | 16.73M | 35.09M | 59.36M | 34.21M | 62.59M | 39.58M | 37.74M | 36.34M | 18.67M | 36.9M | 38.34M |
| EBIT | 185.24M | 164.65M | 136.45M | 237.36M | 106.14M | 78.44M | -2.22M | 58.43M | 93.94M | -39.63M | 50.12M | 27.43M | 31.27M | 33.44M | 127.06M | 108.39M | 240.58M | 168.22M | 66.87M | 109.25M |
| Net Interest Income | 102.62M | 121.66M | 85.25M | 79.44M | 82.71M | 80.08M | 72.16M | 66.41M | 74.22M | 69.92M | 77.39M | 50.88M | 66.52M | 81.1M | 76.51M | 77.94M | 77.12M | 76.2M | 86.48M | 83.59M |
| Interest Income | 212.2M | 239.93M | 205.96M | 212.29M | 207.83M | 221.25M | 240.48M | 242.87M | 268.8M | 275.25M | 284.55M | 284.03M | 265.97M | 262.89M | 203.13M | 151.59M | 125.2M | 124.49M | 136.65M | 133.58M |
| Interest Expense | 109.58M | 118.27M | 120.71M | 132.85M | 125.11M | 141.17M | 168.33M | 176.46M | 194.58M | 205.34M | 207.16M | 233.15M | 199.45M | 181.79M | 126.63M | 73.64M | 48.08M | 48.29M | 50.18M | 49.99M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 75.66M | 46.38M | 136.45M | 237.36M | 106.14M | 78.44M | -2.22M | 58.43M | 93.94M | -39.63M | 50.12M | 27.43M | 31.27M | 33.44M | 127.06M | 108.39M | 240.58M | 168.22M | 66.87M | 109.25M |
| Pretax Margin % | 14.4% | 9.2% | 27.59% | 38.74% | 22.77% | 18.07% | -0.51% | 12.85% | 18.17% | -9.23% | 10.42% | 5.98% | 6.58% | 7.07% | 26.86% | 27.49% | 48.69% | 39.94% | 20.92% | 32.92% |
| Income Tax | 20.06M | 7.69M | 35.77M | 59.51M | 25.01M | 15.02M | -282K | 14.75M | 23.18M | -9.72M | 10.51M | 10.19M | 8.25M | 5.46M | 26.59M | 25.48M | 55.7M | 39.08M | 15.65M | 26.24M |
| Effective Tax Rate % | 26.51% | 16.59% | 26.22% | 25.07% | 23.56% | 19.14% | 12.69% | 25.25% | 24.68% | 24.53% | 20.97% | 37.14% | 26.39% | 16.32% | 20.92% | 23.51% | 23.15% | 23.23% | 23.4% | 24.02% |
| Net Income | 71.13M | 57.77M | 106.68M | 181.46M | 82.56M | 63.16M | 2.39M | 45.09M | 73.41M | -8.55M | 44.35M | 27.43M | 26.49M | 30.77M | 104.8M | 85.13M | 186.65M | 132.68M | 53.14M | 83.87M |
| Net Margin % | 13.53% | 11.46% | 21.57% | 29.61% | 17.71% | 14.55% | 0.55% | 9.92% | 14.2% | -1.99% | 9.22% | 5.98% | 5.57% | 6.5% | 22.15% | 21.59% | 37.78% | 31.51% | 16.62% | 25.27% |
| Net Income Growth % | -13.85% | -8.53% | 4367.5% | 302.43% | 12.47% | 838.36% | -94.62% | 64.41% | 177.15% | -127.8% | -57.68% | -67.78% | -85.81% | -76.81% | 97.22% | 1.5% | 51.01% | -43.54% | -25.68% | -3.02% |
| Net Income (Continuing) | 55.6M | 38.69M | 100.67M | 177.85M | 81.13M | 63.43M | -1.94M | 43.67M | 70.76M | -29.91M | 39.61M | 17.24M | 23.02M | 27.98M | 100.47M | 82.9M | 184.89M | 129.15M | 51.22M | 83.01M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -125.28M | -108.56M | -66.59M | -92.29M | -56.51M | -50.65M | -80.51M | -74.04M | -48.08M | -53.64M | -35.83M | -11.77M | -6.35M | 943K | -14.26M | -6.24M | -3.25M | 1.63M | -2.29M | -5.18M |
| EPS (Diluted) | 1.97 | 1.57 | 2.94 | 4.97 | 2.26 | 1.73 | 0.07 | 1.23 | 1.98 | -0.22 | 1.18 | 0.73 | 0.71 | 0.83 | 2.80 | 2.26 | 4.91 | 3.46 | 1.38 | 2.16 |
| EPS Growth % | -12.83% | -9.25% | 4388.55% | 304.06% | 14.14% | 886.36% | -94.45% | 68.49% | 178.87% | -126.51% | -57.86% | -67.7% | -85.54% | -76.01% | 102.9% | 4.63% | 53.44% | -43.28% | -25.81% | -2.26% |
| EPS (Basic) | 1.97 | 1.57 | 2.94 | 4.97 | 2.26 | 1.73 | 0.07 | 1.23 | 1.98 | -0.22 | 1.18 | 0.73 | 0.71 | 0.83 | 2.80 | 2.26 | 4.91 | 3.46 | 1.38 | 2.16 |
| Diluted Shares Outstanding | 36.08M | 36.34M | 36.32M | 36.49M | 36.48M | 36.46M | 36.43M | 36.52M | 37.16M | 37.35M | 37.5M | 37.47M | 37.34M | 37.29M | 37.38M | 37.71M | 38.04M | 38.35M | 38.6M | 38.74M |
| Basic Shares Outstanding | 36.08M | 36.34M | 36.32M | 36.49M | 36.48M | 36.46M | 36.43M | 36.52M | 37.16M | 37.35M | 37.5M | 37.47M | 37.34M | 37.29M | 37.38M | 37.71M | 38.04M | 38.35M | 38.6M | 38.74M |
| Dividend Payout Ratio | - | 20.49% | 10.16% | 5.6% | 12.31% | 16.09% | 424.96% | 22.53% | 14.13% | - | 21.87% | 35.35% | 36.45% | 31.35% | 8.52% | 10.54% | 4.86% | 6.89% | 15.82% | 10.11% |