Income Statement - NELNET INC (NNI)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,263.35 | 1,846.66 | 1,814.35 | 1,816.91 | 1,417.83 | 1,372.63 | 1,677.76 | 1,680.31 | 1,178.29 | 1,193.78 | 1,110.64 | 1,107.84 | 1,055.11 | 919.76 | 892.44 | 969.85 | 960.27 | 1,432.49 | 2,024.33 | 1,751.02 |
| Cost of revenue | 293.41 | 735.14 | 853.21 | 465.11 | 163.81 | 393.43 | 738.33 | 692.91 | 479.64 | 401.68 | 312.36 | 282.74 | 249.44 | 290.07 | 249.54 | 255.56 | 413.86 | 1,051.49 | 1,530.84 | 1,256.48 |
| Gross profit | 1,969.94 | 1,111.52 | 961.15 | 1,351.80 | 1,254.02 | 979.20 | 939.43 | 987.40 | 698.65 | 792.10 | 798.28 | 825.10 | 805.68 | 629.69 | 642.90 | 714.29 | 546.41 | 381.00 | 493.49 | 494.54 |
| Total operating expenses | 821.71 | 882.93 | 892.43 | 849.96 | 751.91 | 528.71 | 762.69 | 701.11 | 471.97 | 393.28 | 377.64 | 355.58 | 340.14 | 355.19 | 321.11 | 411.84 | 330.71 | 336.26 | 436.34 | 392.15 |
| Operating income | 1,144.89 | 228.58 | 68.72 | 501.85 | 502.11 | 450.49 | 176.75 | 286.29 | 226.68 | 398.81 | 420.64 | 469.52 | 465.53 | 274.51 | 321.79 | 302.45 | 215.70 | 44.74 | 57.15 | 102.40 |
| Non-operating income (net) | -618.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 526.33 | 228.58 | 68.72 | 501.85 | 502.11 | 450.49 | 176.75 | 286.29 | 226.68 | 398.81 | 420.64 | 469.52 | 465.53 | 274.51 | 321.79 | 302.45 | 215.70 | 44.74 | 57.15 | 102.40 |
| Income tax expense | 127.99 | 52.67 | 19.39 | 113.10 | 115.82 | 100.86 | 35.45 | 58.77 | 64.86 | 141.31 | 152.38 | 160.24 | 161.19 | 96.08 | 117.45 | 113.42 | 76.57 | 17.90 | 21.72 | 36.24 |
| Net income | 428.47 | 184.05 | 89.83 | 406.90 | 393.29 | 352.44 | 141.80 | 227.91 | 173.17 | 256.75 | 267.98 | 307.61 | 302.67 | 178.00 | 204.34 | 189.03 | 139.13 | 28.66 | 32.85 | 65.92 |
Show Quarterly Income Statement
Income Statement - NELNET INC (NNI)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 525.51 | 503.95 | 494.63 | 612.75 | 466.10 | 434.19 | 434.76 | 454.74 | 516.87 | 429.38 | 480.94 | 458.55 | 475.11 | 473.31 | 473.05 | 394.31 | 494.10 | 421.14 | 319.66 | 331.91 | 338.73 | 289.42 | 333.98 | 382.15 | 385.52 | 421.31 | 427.15 | 407.97 | 430.90 | 389.96 | 430.04 | 411.02 | 437.23 | 295.87 | 307.79 | 263.80 | 288.36 | 368.18 | 329.46 | 232.54 | 261.35 | 314.48 | 252.18 | 279.63 | 268.31 | 283.08 | 302.02 | 281.66 | 264.89 | 269.02 | 246.74 | 305.85 | 257.38 | 192.51 | 215.01 | 218.72 | 231.31 | 191.09 | 242.76 | 215.09 | 243.50 | 206.17 | 233.44 | 253.65 | 246.48 | 162.15 | 247.08 | 225.56 | 287.63 | 356.31 | 382.44 | 398.31 | 357.78 | 492.00 | 558.40 | 525.27 | 520.70 | 434.58 | 412.55 | 474.70 | 459.83 |
| Cost of revenue | 70.38 | 71.76 | 117.15 | 150.78 | 140.45 | 163.23 | 186.44 | 180.07 | 205.41 | 216.26 | 211.43 | 221.77 | 233.72 | 209.59 | 136.29 | 83.05 | 47.64 | 46.72 | 56.00 | 50.37 | 10.73 | 42.17 | 52.60 | 88.25 | 210.42 | 161.11 | 182.49 | 195.96 | 198.77 | 187.73 | 190.68 | 174.95 | 139.55 | 128.85 | 128.35 | 116.24 | 107.90 | 110.34 | 102.39 | 96.05 | 92.91 | 83.87 | 80.16 | 74.78 | 73.55 | 75.56 | 73.94 | 70.74 | 62.50 | 62.64 | 60.32 | 63.13 | 63.36 | 68.89 | 71.40 | 74.48 | 75.30 | 71.06 | 66.12 | 56.30 | 56.06 | 60.52 | 73.74 | 65.44 | 55.86 | 62.26 | 83.52 | 114.08 | 154.00 | 241.87 | 241.02 | 238.46 | 330.14 | 394.95 | 412.22 | 370.43 | 352.98 | 349.42 | 335.47 | 303.03 | 268.57 |
| Gross profit | 455.13 | 432.18 | 377.49 | 461.97 | 325.65 | 270.96 | 248.32 | 274.67 | 311.46 | 213.12 | 269.50 | 236.79 | 241.39 | 263.72 | 336.76 | 311.26 | 446.45 | 374.42 | 263.65 | 281.54 | 328.00 | 247.25 | 281.38 | 293.90 | 175.10 | 260.21 | 244.66 | 212.00 | 232.13 | 202.23 | 239.37 | 236.07 | 297.68 | 167.02 | 179.44 | 147.57 | 180.46 | 257.84 | 227.08 | 136.48 | 168.44 | 230.62 | 172.01 | 204.85 | 194.76 | 207.52 | 228.08 | 210.93 | 202.38 | 206.39 | 186.43 | 242.72 | 194.02 | 123.62 | 143.61 | 144.25 | 156.02 | 120.03 | 176.64 | 158.79 | 187.44 | 145.65 | 159.69 | 188.21 | 190.62 | 99.88 | 163.57 | 111.48 | 133.63 | 114.44 | 141.42 | 159.84 | 27.64 | 97.05 | 146.18 | 154.84 | 167.72 | 85.16 | 77.08 | 171.66 | 191.27 |
| Total operating expenses | 247.83 | 237.67 | 241.04 | 224.60 | 219.51 | 192.52 | 250.55 | 216.24 | 217.53 | 252.75 | 219.38 | 209.36 | 210.12 | 230.28 | 209.71 | 202.87 | 205.87 | 206.20 | 196.79 | 172.29 | 170.24 | -54.93 | 191.04 | 186.02 | 225.00 | 209.35 | 202.70 | 181.12 | 179.09 | 185.15 | 182.36 | 173.02 | 148.52 | 126.79 | 110.34 | 106.89 | 103.79 | 104.78 | 95.00 | 95.27 | 95.98 | 99.70 | 96.04 | 93.53 | 92.32 | 103.56 | 96.19 | 92.16 | 87.47 | 97.74 | 92.94 | 86.12 | 87.22 | 30.87 | 84.79 | 87.84 | 89.49 | 16.14 | 104.78 | 100.56 | 99.63 | 9.51 | 160.29 | 108.22 | 103.70 | 10.27 | 92.66 | 97.36 | 92.57 | 68.18 | 103.67 | 97.92 | 128.84 | 66.07 | 173.45 | 120.65 | 144.08 | 98.22 | 128.84 | 101.29 | 108.49 |
| Operating income | 207.30 | 194.52 | 136.45 | 237.36 | 106.14 | 78.44 | -2.22 | 58.43 | 93.94 | -39.64 | 50.12 | 27.43 | 31.27 | 33.44 | 127.06 | 108.39 | 240.58 | 168.22 | 66.87 | 109.25 | 157.77 | 302.18 | 90.33 | 107.87 | -49.90 | 50.86 | 41.96 | 30.89 | 53.04 | 17.08 | 57.01 | 63.05 | 149.16 | 40.23 | 69.10 | 40.68 | 76.68 | 153.06 | 132.08 | 41.21 | 72.46 | 130.91 | 75.98 | 111.32 | 102.44 | 103.96 | 131.89 | 118.77 | 114.91 | 108.64 | 93.49 | 156.60 | 106.80 | 92.75 | 58.82 | 56.41 | 66.52 | 103.89 | 71.86 | 58.23 | 87.81 | 136.14 | -0.59 | 79.99 | 86.92 | 89.62 | 70.91 | 14.12 | 41.06 | 46.26 | 37.75 | 61.92 | -101.20 | 30.98 | -27.26 | 34.20 | 23.65 | -13.06 | -51.76 | 70.37 | 82.78 |
| Non-operating income (net) | -131.64 | -148.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 75.66 | 46.38 | 136.45 | 237.36 | 106.14 | 78.44 | -2.22 | 58.43 | 93.94 | -39.64 | 50.12 | 27.43 | 31.27 | 33.44 | 127.06 | 108.39 | 240.58 | 168.22 | 66.87 | 109.25 | 157.77 | 302.18 | 90.33 | 107.87 | -49.90 | 50.86 | 41.96 | 30.89 | 53.04 | 17.08 | 57.01 | 63.05 | 149.16 | 40.23 | 69.10 | 40.68 | 76.68 | 153.06 | 132.08 | 41.21 | 72.46 | 130.91 | 75.98 | 111.32 | 102.44 | 103.96 | 131.89 | 118.77 | 114.91 | 108.64 | 93.49 | 156.60 | 106.80 | 92.75 | 58.82 | 56.41 | 66.52 | 103.89 | 71.86 | 58.23 | 87.81 | 136.14 | -0.59 | 79.99 | 86.92 | 89.62 | 70.91 | 14.12 | 41.06 | 46.26 | 37.75 | 61.92 | -101.20 | 30.98 | -27.26 | 34.20 | 23.65 | -13.06 | -51.76 | 70.37 | 82.78 |
| Income tax expense | 20.06 | 7.69 | 35.77 | 59.51 | 25.01 | 15.02 | -0.28 | 14.75 | 23.18 | -9.72 | 10.51 | 10.19 | 8.25 | 5.46 | 26.59 | 25.48 | 55.70 | 39.08 | 15.65 | 26.24 | 34.86 | 70.57 | 19.16 | 21.26 | -10.13 | 9.02 | 8.83 | 6.21 | 11.39 | -4.60 | 13.88 | 13.51 | 35.98 | -5.49 | 25.56 | 16.03 | 28.76 | 54.13 | 47.72 | 15.04 | 24.43 | 47.40 | 27.00 | 40.36 | 37.63 | 30.04 | 46.51 | 43.08 | 40.61 | 37.56 | 30.44 | 54.75 | 38.45 | 36.10 | 21.87 | 14.88 | 23.23 | 39.01 | 24.41 | 21.11 | 32.93 | 51.06 | -0.23 | 30.00 | 32.59 | 30.55 | 24.50 | 5.92 | 15.60 | 16.10 | 13.97 | 19.20 | -31.37 | 11.81 | -10.66 | 13.31 | 8.87 | -5.99 | -13.10 | 26.04 | 30.71 |
| Net income | 71.13 | 57.77 | 106.68 | 181.46 | 82.56 | 63.16 | 2.39 | 45.09 | 73.41 | -8.55 | 44.35 | 27.43 | 26.49 | 30.77 | 104.80 | 85.13 | 186.65 | 132.68 | 53.14 | 83.87 | 123.60 | 234.99 | 71.50 | 86.48 | -40.53 | 42.38 | 33.21 | 24.62 | 41.59 | 21.63 | 42.93 | 49.44 | 113.93 | 48.10 | 46.30 | 28.74 | 50.03 | 98.35 | 84.29 | 26.15 | 47.96 | 83.35 | 48.96 | 70.91 | 64.77 | 73.61 | 85.22 | 74.99 | 73.79 | 70.52 | 62.83 | 101.24 | 68.08 | 56.63 | 36.83 | 41.39 | 43.14 | 64.88 | 47.45 | 37.13 | 54.88 | 85.09 | -0.37 | 49.99 | 54.32 | 59.06 | 46.40 | 8.20 | 25.46 | 29.18 | 23.79 | 43.71 | -69.83 | 21.58 | -15.69 | 14.75 | 14.78 | -7.31 | -38.66 | 45.75 | 52.07 |