Nelnet, Inc. (NNI)

NYSE: NNI · Personal Credit Institutions · Lincoln, NE · filing with the SEC since 2003

Grade5.4

◀ Past 5.6● Present 5.5▶ Future 4.8

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 26, 2026	Feb 27, 2025	Feb 27, 2024	Feb 28, 2023	Feb 28, 2022	Feb 25, 2021	Feb 27, 2020	Feb 27, 2019	Feb 27, 2018	Feb 27, 2017
For lenders
Interest and dividend income	851,459	973,399	1,109,800	742,806	523,835	619,656	948,677	924,266	770,426	760,746
Interest and investment income	165,374	185,901	177,855	91,601	41,498	24,543	34,421	26,600	12,695	9,466
Interest expense on deposits and borrowings	496,950	680,537	845,091	430,137	·	·	·	·	·	·
Net interest income	354,509	292,862	264,709	312,669	347,602	289,585	249,350	254,360	305,238	372,563
Provision for credit losses	67,418	54,439	8,042^r	34,900^r	-12,426	63,360	39,000	23,000	14,450	13,500
Net interest income after provision	·	238,255	256,594^r	277,696^r	360,028	226,225	210,350	231,360	290,788	359,063
Noninterest income	·	·	·	1,246,045	977,079	1,110,384	831,245	820,811^r	479,062	524,218
For insurers
Premiums earned	107,502	62,923	20,067	157	0	·	·	·	·	·
Cost of revenue	226,272	252,325	219,759	168,374	108,660	105,018	102,026	76,492	58,628	51,182
Total operating expenses	927,088	882,934^r	892,431^r	834,434	726,342	781,105	762,824	689,385^r	484,538	433,285
Interest expense	·	·	845,091	430,137	176,233	330,071	699,327	669,906	465,188	388,183
Share of profit of equity-method investments	·	·	-46,700	-9,500	-10,100	·	·	7,200	·	·
Income before income taxes	556,460	228,584	68,715^r	501,845^r	502,105	450,486	176,745	286,294	226,684	398,814
Income tax expense	127,986	52,669	19,385^r	113,100^r	115,822	100,860	35,451	58,770	64,863	141,313
Net income including non-controlling interests	398,346	175,915	49,330^r	388,745^r	386,283	349,626	141,294	227,524	161,821	257,501
Net income to non-controlling interests	-30,128	-8,130	-40,496^r	-18,154^r	-7,003	-2,817	-509	-389	-11,345	750
Net income	428,474	184,045	89,826^r	406,899^r	393,286	352,443	141,803	227,913	173,166	256,751
Net income to common shareholders	428,474	184,045	89,826^r	406,899^r	393,286	352,443	141,803	·	·	·
Earnings per share, basic	11.79	5.02	2.40^r	10.82^r	10.20	9.02	3.54	·	·	·
Earnings per share, diluted	11.79	5.02	2.40^r	10.82^r	10.20	9.02	3.54	·	·	·
Earnings per share, basic and diluted	·	·	·	·	·	9.02	3.54	5.57	4.14	6.02
Weighted average shares, basic	36,341,197	36,642,533	37,416,621	37,603,033	38,572,801	39,059,588	40,047,402	·	·	·
Weighted average shares, diluted	36,341,197	36,642,533	37,416,621	37,603,033	38,572,801	39,059,588	40,047,402	·	·	·
Weighted average shares, basic and diluted	·	·	·	·	·	39,059,588	40,047,402	40,909,022	41,791,941	42,669,070

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Premiums earned insurance premiums earned in the periodus-gaap:PremiumsEarnedNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Interest expense what its borrowing costus-gaap:InterestExpense

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton NNI · research, not advice