Nelnet, Inc. (NNI)
The company now
Nelnet reported net income of $66.7 million, or $1.85 per share, for the second quarter of 2026 2.
A year earlier it earned $181.5 million, or $4.97 per share, which included a $175.0 million gain from the partial redemption of its investment in ALLO, a fiber-optic telecommunications company 2.
So the drop is mostly a one-time gain missing from this year's comparison, not a collapse in the businesses 2.
Chief executive Jeff Noordhoek said the quarter included a full quarter of contributions from the Canada servicing acquisition and further consumer portfolio purchases 2.
On 15 September 2026 the board grew from eight to ten members with two new directors, Angela Klein and Edward Pallesen 4.
As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.