Nelnet, Inc.
Description
Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also offers student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and technology services. The Education Technology Services and Payments segment provides financial management services; school information system software; website design and cost-effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community, giving, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates as an internet industrial bank. It also offers investment advisory, insurance, and reinsurance services, as well as engages in real estate investment business. The company was incorporated in 1977 and is headquartered in Lincoln, Nebraska.
About
CEO
Employees
7,550
Instrument type
Common Stock
Sector
Financial Services
Industry
Credit Services
MIC code
XNYS
Address
121 South 13th Street, Lincoln, NE 68508, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 7, 2025 | — | — | — | — |
| Feb 25, 2025 | 1.23 | — | — | — |
| Nov 8, 2024 | 1.36 | 0.07 | -1.29 | -94.85% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | 1.85 | — | 5.90 |
| Low estimate | — | 1.85 | — | 5.90 |
| High estimate | — | 1.85 | — | 5.90 |
| Last year EPS | — | 1.81 | — | 4.52 |
[stock_revenue_estimate]
Growth estimates
Current qtr
3,175.000%
Next qtr. (Mar 2025)
2.210%
Current year
37.390%
Next year (Dec 2025)
30.530%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.03B | 1.40B | 1.24B | 1.04B | 978.43M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 591.54M | 589.58M | 507.13M | 501.83M | 463.50M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 74.19M | 509.47M | 502.11M | 450.49M | 176.75M |
| Tax provision | 19.75M | 113.22M | 115.82M | 100.86M | 35.45M |
| Net income | 54.44M | 396.24M | 386.28M | 349.63M | 141.29M |
| Basic EPS | 2.45 | 10.83 | 10.20 | 9.02 | 3.54 |
| Diluted EPS | 2.45 | 10.83 | 10.20 | 9.02 | 3.54 |
| Basic average shares | 37.42M | 37.60M | 38.57M | 39.06M | 40.05M |
| Diluted average shares | 37.42M | 37.60M | 38.57M | 39.06M | 40.05M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 54.44M | 396.24M | 386.28M | 349.63M | 141.29M |
| Minority interests | 37.10M | 11.11M | 7.00M | 2.82M | 509,000 |
| Preferred stock dividends | 1.93M | 7.78M | 6.42M | 4.99M | 1.86M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 168.11M | 118.15M | 125.56M | 121.25M | 133.91M |
| Other short term investments | 937.93M | 1.39B | 929.67M | 348.61M | 52.70M |
| Accounts receivable | 196.20M | 194.85M | 163.32M | 76.46M | 115.39M |
| Other receivables | — | — | 8.10M | 21.50M | 27.30M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 7.10M | 6.21M | 4.86M | 4.86M | 69.38M |
| Land and improvements | 3.28M | 3.18M | 3.27M | 3.64M | 1.47M |
| Machinery furniture equipment | 290.27M | 263.42M | 256.69M | 194.56M | 441.70M |
| Construction in progress | 23.25M | 22.99M | 2.39M | 18.48M | 13.79M |
| Leases | 6.15M | 10.41M | 10.54M | 9.17M | 9.52M |
| Accumulated depreciation | -253.78M | -234.15M | -207.11M | -159.63M | -216.17M |
| Goodwill | 360.88M | 417.31M | 336.21M | 359.25M | 395.36M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 44.82M | 63.50M | 52.03M | 75.07M | 81.53M |
| Investments and advances | 1.71B | 2.00B | 1.54B | 941.80M | 202.07M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 35.39M | 36.05M | 4.57M | 28.70M | 47.29M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 1.42B | 1.13B | 117.06M | 553.37M | 944.66M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 10.20B | 12.94B | 17.03B | 18.77B | 19.58B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 371,000 | 372,000 | 379,000 | 384,000 | 398,000 |
| Retained earnings | 3.28B | 3.23B | 2.94B | 2.62B | 2.38B |
| Other shareholders equity | -20.12M | -37.37M | 9.30M | 6.10M | 2.97M |
| Total shareholders equity | 3.22B | 3.20B | 2.95B | 2.63B | 2.39B |
| Additional paid in capital | 3.10M | 1.11M | 1.00M | 3.79M | 5.72M |
| Treasury stock | — | — | — | — | — |
| Minority interest | -40.71M | 943,000 | 1.63M | -3.69M | 4.38M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 54.44M | 396.24M | 386.28M | 349.63M | 141.29M | 227.52M | 161.82M | 257.50M | 268.26M | 309.28M | 304.34M | 178.43M | 204.34M | 189.03M | 139.13M | 26.84M | 35.43M | 65.92M | 178.07M | 149.18M | 27.10M | 48.54M |
| Depreciation | 145.39M | 176.25M | 132.33M | 198.47M | 192.66M | 184.68M | 137.82M | 122.55M | 123.74M | 107.97M | 79.48M | 116.78M | 103.47M | 101.00M | 116.04M | 141.61M | 261.39M | 167.19M | 105.11M | 96.73M | 101.38M | 93.86M |
| Deferred Taxes | -51.96M | 34.64M | 55.62M | 7.97M | -7.27M | 10.98M | -1.54M | 27.01M | 7.05M | 19.66M | 2.54M | -23.83M | -7.73M | 4.27M | -19.06M | -9.47M | -24.98M | -7.01M | 46.93M | 11.78M | -3.20M | -8.48M |
| Stock-Based Compensation | 16.48M | 14.18M | 10.67M | 16.74M | 6.78M | 6.54M | 4.42M | 4.35M | 5.35M | 4.70M | 3.33M | 3.02M | 2.03M | 2.28M | 2.64M | 7.32M | 6.69M | 2.50M | 1.81M | 696,000 | — | — |
| Other Non-Cash Items | — | 723,000 | 16.36M | 186,000 | 584,000 | -2.55M | -2.41M | 1.33M | 755,000 | 7.13M | 112,000 | 1.95M | -2.39M | -41.67M | -11.37M | 1.79M | -5.73M | -15.94M | -1.01M | 89,000 | 17.58M | 5.79M |
| Accounts Receivable | -1.36M | -26.36M | -86.98M | 40.88M | -55.95M | 3.06M | -43.44M | 3.23M | -2.76M | 11.90M | 15.91M | 899,000 | 18.18M | 590,000 | 142.61M | 128.44M | -96.58M | -121.01M | -131.85M | -49.06M | — | — |
| Accounts Payable | -658,000 | 31.48M | -24.14M | -18.58M | 53.68M | 71.03M | 71.78M | -10.90M | 5.12M | 3.01M | -433,000 | -4.86M | -538,000 | -678,000 | -61.75M | -47.87M | 9.24M | 25.93M | 42.72M | 28.49M | — | — |
| Other Assets & Liabilities | 88.96M | 28.28M | 76.18M | 99.48M | 29.47M | -16.58M | -44.61M | -3.01M | -7.99M | -15.79M | -4.78M | 16.62M | -17.21M | -29.31M | 11.96M | -33.56M | -7.94M | 14.46M | -3.13M | -4.21M | — | — |
| Operating Cash Flow | 251.28M | 655.43M | 566.33M | 694.77M | 361.26M | 484.69M | 283.84M | 402.05M | 399.52M | 447.85M | 400.50M | 289.00M | 300.15M | 225.52M | 320.21M | 215.10M | 177.50M | 132.02M | 238.66M | 233.69M | 142.87M | 139.72M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -74.05M | -59.42M | -58.95M | -113.31M | -92.50M | -125.02M | -156.01M | -67.60M | -16.76M | -26.49M | -17.01M | -9.94M | -14.17M | -12.77M | -1.20M | -5.14M | -20.06M | -41.82M | -17.47M | -12.88M | -16.36M | -13.41M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -50.56M | -7.90M | — | — |
| Net Acquisitions | — | -34.04M | — | -29.99M | — | -12.56M | 4.51M | — | -46.97M | -46.83M | — | — | -14.03M | -3.00M | — | -20.99M | 22.72M | -100.53M | -225.99M | -27.99M | -1.76M | -20.81M |
| Purchase of Investments | -938.87M | -1.29B | -996.91M | -639.73M | -104.26M | -113.46M | -157.86M | -116.18M | -194.42M | -238.92M | -240.20M | -190.25M | — | — | — | -2.99M | -471.35M | -765.82M | -878.09M | -954.49M | -449.96M | — |
| Sale of Investments | 1.01B | 579.99M | 352.80M | 186.80M | 70.58M | 94.45M | 168.09M | 160.15M | 125.56M | 257.61M | 103.25M | 165.85M | — | — | 76.45M | — | 515.25M | 797.16M | 999.44M | 853.35M | 442.61M | 267.09M |
| Investing Cash Flow | -3.91M | -806.49M | -703.07M | -596.23M | -126.18M | -156.60M | 178.84M | -171.12M | -65.49M | -105.77M | -6.21M | -235.48M | 59.71M | -59.04M | 447.02M | -99.14M | 637.17M | -239.80M | -505.42M | -141.95M | -2.07B | -1.64B |
| Financing Activities | ||||||||||||||||||||||
| Long-Term Debt Issuance | 761.18M | 1.30B | 1.95B | 1.88B | 3.00B | 3.92B | 1.98B | 650.91M | 2.61B | 3.50B | 4.31B | 5.07B | 1.10B | 5.67B | 4.67B | 5.61B | 8.07B | 8.83B | 6.91B | 6.23B | 4.27B | 3.78B |
| Long-Term Debt Payments | -3.61B | -4.34B | -3.68B | -3.13B | -4.71B | -3.11B | -5.40B | -4.13B | -4.37B | -3.63B | -5.15B | -4.44B | -3.05B | -5.68B | -6.64B | -6.88B | -5.75B | -5.04B | -460.89M | -3.54B | -2.35B | -2.26B |
| Other Financing Charges | 77.99M | 48.43M | 42.75M | 195.41M | -9.99M | -26.86M | 10.48M | -5.18M | -7.70M | -16.70M | -15.04M | -18.62M | -2.28M | -9.32M | -9.24M | -24.49M | -31.04M | -19.91M | -22.00M | -15.38M | -11.74M | -11.43M |
| Financing Cash Flow | -2.83B | -3.12B | -1.78B | -1.15B | -1.79B | 711.78M | -3.50B | -3.58B | -1.88B | -180.73M | -886.52M | 516.80M | -1.99B | -87.95M | -1.99B | -1.30B | 2.20B | 3.70B | 6.42B | 2.68B | 1.91B | 1.51B |
| Other Cash Details | ||||||||||||||||||||||
| End Cash Position | 1.03B | 1.36B | 1.19B | 958.40M | 1.22B | 1.19B | 942.07M | 1.17B | 63.53M | 130.48M | 63.27M | 66.03M | 42.57M | 283.80M | 338.18M | 189.85M | 111.75M | 106.09M | 103.65M | 39.99M | 198.42M | 40.16M |
| Income Tax Paid | 47.59M | 57.71M | 18.66M | 29.69M | 17.67M | 473,000 | 96.27M | 115.42M | 147.24M | 155.83M | 154.84M | 114.76M | 133.18M | 106.00M | 101.49M | 24.06M | 37.00M | 51.83M | 57.47M | 60.12M | — | — |
| Interest Paid | 781.31M | 350.66M | 152.17M | 301.57M | 657.44M | 591.39M | 390.28M | 301.12M | 228.25M | 210.70M | 191.00M | 234.61M | 206.12M | 224.84M | 434.83M | 1.06B | 1.37B | 1.16B | 558.89M | 216.28M | — | — |
| Free Cash Flow | 358.92M | 624.64M | 421.38M | 235.79M | 206.42M | 145.87M | 166.26M | 232.59M | 374.60M | 330.96M | 370.17M | 289.37M | 296.70M | 182.10M | 323.50M | 315.96M | 253.00M | 173.43M | 91.07M | 216.73M | 136.64M | 120.80M |
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