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MARKETS / NYSE / NNI
NYSE · PERSONAL CREDIT INSTITUTIONS · LARGE CAP

Nelnet Inc. NNI

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$428.5M
▲ 132.8% YoY
$396.7M
▼ 38.2% YoY
Growth
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2014 · Revenue 0.0 · Net income 307.6
200M200920112013201620182020202220242025
Compound annual growth
+1.7%
+4.0%
+5.6%
+2.9%
+5.5%
+7.8%
+2.6%
−5.9%
+1.3%
+2.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
ROE
FY2025 · ROE 12.2%
10%20%200920112013201620182020202220242025

Each USD of equity produced 12 cents of profit this year.

Cash & shareholders
USD 110.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 396.7
250.0M500.0M200920112013201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends 43.0 · Net buybacks 67.5
50M100MDividendsNet buybacks200920112013201620182020202220242025

USD 43.0M in dividends and USD 67.5M in buybacks — 26% of the year's profit went back to shareholders.

Total assetsUSD 14.1B
EquityUSD 3.7B
CashUSD 296.0M
Gross debtUSD 7.8B
Net debtUSD 7.5B
DepositsUSD 1.7B

Net debt stands at 203% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201420132012201120102009
Revenue $B··········0.00.00.00.0··
Operating income $B·0.20.10.50.50.50.20.30.20.4······
EBITDA $B·0.40.20.70.60.60.40.50.40.5······
Income tax $B0.10.10.00.10.10.10.00.10.10.10.20.20.10.10.10.1
Net income $B0.40.20.10.40.40.40.10.20.20.30.30.30.20.20.20.1
Free cash flow $B0.40.60.40.60.40.20.20.10.20.20.30.40.30.30.20.3
EPS, diluted $11.795.022.4010.8210.209.023.545.574.146.026.626.503.764.243.812.78
Dividend / sh $··········0.400.401.400.370.70·
Payout %102244999211214866379183
ROE %12.25.62.813.214.114.06.09.9··19.423.216.019.2··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 46 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPersonal Credit Institutions
Listed onNYSE
Incorporated inNebraska
Fiscal year endsDecember 31
Data on record since2009

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