Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| NNI | NELNET INC | 2026-10-08 08:44:39 | 124.91 | 0.48 | 0.39 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NNI | 0001258602 | NELNET INC | US64031N1081 | 549300T6B0Q52I6OM558 | 840748903 | NYSE | 6141 | Personal Credit Institutions | 1231 | NE | 121 SOUTH 13TH ST | LINCOLN | NE | 68508 | UNITED STATES | US | 402-458-2370 | 121 SOUTH 13TH ST, LINCOLN, NE, 68508 | 121 SOUTH 13TH ST, LINCOLN, NE, 68508 | — | Financial services | 1996 | Jeff Noordhoek | — | https://nelnet.com/ | 1,970,647,108 | — | — | Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska. | 2026-10-01 19:22:06 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 1,970,647,108 | 327,505,682 | 19.9317 | — | — | — |
| 2024 | 1,643,141,426 | 11,780,595 | 0.7221 | — | — | — |
| 2023 | 1,631,360,831 | 193,422,653 | 13.4514 | — | — | — |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| James D. Kruger | Chief Financial Officer | 2025 | 906,921 | 1,150,123 | 275,114 | — | 57,503 | 2,389,661 |
| Timothy A. Tewes | President | 2025 | 906,921 | 1,150,123 | 275,114 | — | 44,308 | 2,376,466 |
| Jeffrey R. Noordhoek | Chief Executive Officer | 2025 | 906,921 | 1,000,000 | 275,114 | — | 61,385 | 2,243,420 |
| Terry J. Heimes | Chief Operating Officer | 2025 | 906,921 | 1,112,592 | 275,114 | — | 73,961 | 2,368,588 |
| Deeann K. Wenger | President | 2025 | 500,345 | 537,531 | 500,077 | — | 57,964 | 1,595,917 |
| Fiscal Year | Employee Count |
|---|---|
| 2019 | 6,600 |
| 2018 | 6,200 |
| 2017 | 4,300 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | — | — | — |
| Cost Of Revenue | 226,272,000 | 252,325,000 | 219,759,000 |
| Gross Profit | 1,778,547,000 | 1,853,195,000 | 1,970,306,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | — | — | — |
| Operating Expenses | 927,088,000 | 879,796,000 | 860,506,000 |
| Operating Income | 851,459,000 | 973,399,000 | 1,109,800,000 |
| Net Income | 428,474,000 | 184,045,000 | 91,532,000 |
| Earnings Per Share Basic | 11.79 | 5.02 | 2.45 |
| Earnings Per Share Diluted | 11.79 | 5.02 | 2.45 |
| Weighted Average Shares Outstanding Basic | 36,341,197 | 36,642,533 | 37,416,621 |
| Weighted Average Shares Outstanding Diluted | 36,341,197 | 36,642,533 | 37,416,621 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 14,100,000 | 30,500,000 | 7,000,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 193,453,000 | 159,934,000 | 196,200,000 |
| Inventories | — | — | — |
| Non Trade Receivables | 84,900,000 | 61,800,000 | 67,400,000 |
| Other Assets Current | — | — | — |
| Total Assets Current | — | — | — |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 75,532,000 | 95,185,000 | 127,008,000 |
| Other Assets Non Current | — | — | — |
| Total Assets Non Current | — | — | — |
| Total Assets | 14,063,783,000 | 13,777,753,000 | 16,736,645,000 |
| Accounts Payable | — | — | — |
| Deferred Revenue | — | — | — |
| Short Term Debt | 100,000 | 100,000 | 218,505,000 |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | — | — | — |
| Long Term Debt | 7,780,927,000 | 8,309,797,000 | 11,828,393,000 |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | — | — | — |
| Total Liabilities | 10,486,554,000 | 10,478,636,000 | 13,514,730,000 |
| Common Stock | — | — | — |
| Retained Earnings | 3,681,333,000 | 3,340,540,000 | 3,279,273,000 |
| Accumulated Other Comprehensive Income | 2,619,000 | 1,470,000 | -20,119,000 |
| Total Shareholders Equity | 3,685,792,000 | 3,349,762,000 | 3,262,621,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 90,622,000 | 132,527,000 | 145,393,000 |
| Share Based Compensation Expense | 13,274,000 | 12,045,000 | 16,476,000 |
| Other Non Cash Income Expense | -7,997,000 | — | — |
| Change In Accounts Receivable | 33,371,000 | -36,106,000 | 1,356,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | -40,674,000 | -220,938,000 | -47,217,000 |
| Change In Other Assets | -57,703,000 | -64,842,000 | -3,890,000 |
| Change In Accounts Payable | — | — | — |
| Change In Other Liabilities | 51,806,000 | 27,356,000 | 85,537,000 |
| Cash From Operating Activities | 422,985,000 | 662,890,000 | 432,975,000 |
| Purchases Of Marketable Securities | 552,861,000 | 603,552,000 | 581,522,000 |
| Sales Of Marketable Securities | 289,001,000 | 445,946,000 | 963,117,000 |
| Acquisition Of Property Plant And Equipment | 26,238,000 | 20,903,000 | 74,052,000 |
| Acquisition Of Business | — | 0 | 0 |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | 356,404,000 | 2,412,733,000 | 1,938,082,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | 42,993,000 | 40,836,000 | 39,419,000 |
| Issuance Of Common Stock | 1,882,000 | 1,946,000 | 1,780,000 |
| Repurchase Of Common Stock | 69,346,000 | 83,290,000 | 28,028,000 |
| Issuance Of Long Term Debt | 1,393,200,000 | 30,652,000 | 761,182,000 |
| Repayment Of Long Term Debt | 2,615,918,000 | 3,644,658,000 | 3,606,160,000 |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -737,138,000 | -3,169,657,000 | -2,703,198,000 |
| Change In Cash | 42,526,000 | -94,471,000 | -332,125,000 |
| Cash At End Of Period | 14,100,000 | 30,500,000 | 7,000,000 |
| Income Taxes Paid | 68,863,000 | 15,238,000 | 47,589,000 |
| Interest Paid | 472,257,000 | 651,471,000 | 781,307,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 11.79 | 5.02 | 2.45 |
| Price To Earnings Ratio | 11.2774 | 21.2769 | 36.0082 |
| Earnings Growth Rate | 134.8606 | 104.898 | -77.3777 |
| Price Earnings To Growth Ratio | 0.0836 | 0.2028 | -0.4654 |
| Book Value Per Share | 98.4345 | 90.0352 | 86.1092 |
| Price To Book Ratio | 1.3507 | 1.1863 | 1.0245 |
| Ebitda | 942,468,000 | 624,672,000 | 1,129,605,000 |
| Enterprise Value | 12,598,852,553.12 | 12,193,185,949.73 | 15,340,792,304.62 |
| Dividend Yield | 0.0089 | 0.0104 | 0.0119 |
| Dividend Payout Ratio | 0.1003 | 0.2219 | 0.4307 |
| Debt To Equity Ratio | 2.1111 | 2.4807 | 3.6924 |
| Capital Expenditures | 70,969,000 | 100,704,000 | 149,875,000 |
| Free Cash Flow | 352,016,000 | 562,186,000 | 283,100,000 |
| Return On Equity | 0.1163 | 0.0549 | 0.0281 |
| One Year Beta | 0.6884 | 0.7575 | 0.6991 |
| Three Year Beta | 0.7045 | 0.6124 | 0.6026 |
| Five Year Beta | 0.6407 | 0.7914 | 0.7886 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Kruger James D | Chief Financial Officer | 2026-10-05 | 4,080 | D | 0 |
| Kruger James D | Chief Financial Officer | 2026-10-05 | 1,360 | A | 3,860 |
| Kruger James D | Chief Financial Officer | 2026-10-05 | 1,360 | A | 6,360 |
| Kruger James D | Chief Financial Officer | 2026-10-05 | 1,360 | A | 11,360 |
| Kruger James D | Chief Financial Officer | 2026-10-05 | 1,360 | A | 5,220 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Versant Capital Management, Inc | 2026-09-30 | 79,510 | 646 | 123.0805 |
| ENVESTNET ASSET MANAGEMENT INC | 2026-06-30 | 419,633 | 3,147 | 133.3438 |
| QRG CAPITAL MANAGEMENT, INC. | 2026-06-30 | 723,789 | 5,429 | 133.319 |
| STATE STREET CORP | 2026-06-30 | 48,724,115 | 365,440 | 133.33 |
| SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/ | 2026-06-30 | 279,993 | 2,100 | 133.33 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| VICTORY PORTFOLIOS III | 2026-07-31 | Victory Extended Market Index Fund | USMIX | 1,985 | 269,701.95 | 0.0333 |
| INVESCO EXCHANGE-TRADED FUND TRUST | 2026-07-31 | Invesco RAFI US 1500 Small-Mid ETF | PRFZ | 14,197 | 1,928,946.39 | 0.0698 |
| Global X Funds | 2026-07-31 | Global X Russell 2000 ETF | RSSL | 7,159 | 972,693.33 | 0.0653 |
| Advisors' Inner Circle Fund III | 2026-07-31 | I Shares | KCXIX | 75 | 10,190.25 | 0.0028 |
| VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 2026-07-31 | Admiral Shares | VTWAX | 9,749 | 1,324,596.63 | 0.0014 |