Nelnet, Inc. (NNI) Quarterly Income Statement

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Nelnet, Inc. (NNI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

NNI Income Statement

Nelnet, Inc. (NNI) annual income statement — 24-year revenue, gross profit & net income history

Metric	Q2'26	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

Net Interest Income	96.01M	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
NII Growth %	20.87%	24.07%	51.92%	18.15%	19.62%	11.44%	14.53%	-6.77%	30.52%	11.58%	-13.79%	1.16%	-34.72%	-13.74%	6.43%	-11.53%	-6.76%	-23.9%	-11.96%	6.34%
Net Interest Margin %	0.67%	0.72%	0.87%	0.61%	0.58%	0.58%	0.58%	0.51%	0.46%	0.48%	0.42%	0.45%	0.29%	0.37%	0.42%	0.39%	0.38%	0.37%	0.35%	0.39%
Interest Income	204.91M	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
Interest Expense	108.9M	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
Loan Loss Provision	-47.35M	-39.2M	-46.51M	-3.56M	17.93M	15.34M	22.06M	18.11M	3.61M	10.83M	10.92M	4.28M	-11.38M	34.27M	27.8M	9.66M	9.41M	-435K	-1.58M	5.83M
Non-Interest Income	128.72M	313.3M	264.01M	288.68M	400.46M	258.27M	212.94M	194.28M	211.87M	248.07M	154.13M	196.38M	174.53M	209.15M	210.42M	269.92M	242.72M	368.9M	296.64M	183M
Non-Interest Income %	57.28%	75.33%	68.46%	77.2%	83.45%	75.74%	72.67%	72.92%	76.14%	76.97%	68.79%	71.73%	77.43%	75.87%	72.18%	77.92%	75.69%	82.71%	79.56%	67.91%
Total Net Revenue	224.73M	415.93M	385.67M	373.93M	479.9M	340.98M	293.02M	266.44M	278.28M	322.29M	224.04M	273.78M	225.41M	275.66M	291.52M	346.43M	320.67M	446.02M	372.84M	269.48M
Revenue Growth %	-53.17%	21.98%	31.62%	40.34%	72.45%	5.8%	30.79%	-2.68%	23.46%	16.91%	-23.15%	-20.97%	-29.71%	-38.19%	-21.81%	28.55%	13.75%	43.44%	57.23%	-2.2%
Non-Interest Expense	246.55M	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
Efficiency Ratio	109.71%	59.58%	61.62%	64.46%	46.8%	64.37%	65.7%	94.04%	77.71%	67.49%	112.81%	80.13%	92.88%	76.22%	78.99%	60.53%	63.27%	46.16%	55.3%	73.02%
Operating Income	25.53M	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
Operating Margin %	11.36%	49.84%	50.44%	36.49%	49.46%	31.13%	26.77%	-0.83%	21%	29.15%	-17.69%	18.31%	12.17%	11.34%	11.47%	36.68%	33.8%	53.94%	45.12%	24.81%
Operating Income Growth %	-89.24%	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%
Pretax Income	65.41M	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
Pretax Margin %	29.11%	18.19%	12.03%	36.49%	49.46%	31.13%	26.77%	-0.83%	21%	29.15%	-17.69%	18.31%	12.17%	11.34%	11.47%	36.68%	33.8%	53.94%	45.12%	24.81%
Income Tax	19.94M	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
Effective Tax Rate %	30.49%	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%
Net Income	66.66M	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
Net Margin %	29.66%	17.1%	14.98%	28.53%	37.81%	24.21%	21.55%	0.9%	16.2%	22.78%	-3.82%	16.2%	12.17%	9.61%	10.56%	30.25%	26.55%	41.85%	35.59%	19.72%
Net Income Growth %	-63.26%	-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%
Net Income (Continuing)	45.47M	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
EPS (Diluted)	1.85	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
EPS Growth %	-62.78%	-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%
EPS (Basic)	1.85	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
Diluted Shares Outstanding	36.04M	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