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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
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