Skip to main content
    N

    Nelnet Inc (NNI)

    Official site

    FINANCIAL SERVICES • CREDIT SERVICES • NYSE

    $128.07
    +2.01 (+1.59%)

    Market Cap: $4.51B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    44%(17/39)
    Avg Surprise
    -2.45%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.85
    Range$1.85 - $1.85
    1 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.23-17.0%
    60d ago$2.23-17.0%
    30d ago$2.09-11.5%
    7d ago$2.09-11.5%
    Current$1.85
    Revenue Consensus
    $427M
    Range$427M - $427M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.86
    Range$0.86 - $0.86
    1 analysts
    Revenue Consensus
    $377M
    Range$377M - $377M
    1 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.86---
    Sep 26EST
    		-$1.85---
    Jun 26
    Reported Aug 6
    		$1.77$2.13-16.90%Miss-65.0%
    Mar 26
    Reported May 7
    		$1.94$2.66-27.07%Miss-18.8%
    Dec 25
    Reported Feb 26
    		$1.56$1.63-4.29%Miss+8.3%
    Sep 25
    Reported Nov 6
    		$2.95$1.52+94.08%Beat+767.6%
    Jun 25
    Reported Aug 6
    		$5.05$1.91+164.40%Beat+320.8%
    Mar 25
    Reported May 8
    		$2.39$1.92+24.48%Beat+32.0%
    Dec 24
    Reported Feb 27
    		$1.44$1.23+17.07%Beat+3700.0%
    Sep 24
    Reported Nov 7
    		$0.34N/A-75.00%Miss-70.4%
    Jun 24
    Reported Aug 8
    		$1.20$1.33-9.77%Miss+69.0%
    Mar 24
    Reported May 9
    		$1.81$1.38+31.16%Beat+23.1%
    Dec 23
    Reported Feb 27
    		$-0.04N/A-103.88%Miss-103.7%
    Sep 23
    Reported Nov 7
    		$1.15$1.40-17.86%Miss-33.5%
    Jun 23
    Reported Aug 7
    		$0.71$1.08-34.26%Miss-50.7%
    Mar 23
    Reported May 8
    		$1.47$1.53-3.92%Miss-26.1%
    Dec 22
    Reported Feb 28
    		$1.07$1.57-31.85%Miss-57.2%
    Sep 22
    Reported Nov 7
    		$1.73$1.75-1.14%Miss+40.7%
    Jun 22
    Reported Aug 8
    		$1.44$1.66-13.25%Miss-34.5%
    Mar 22
    Reported May 9
    		$1.99$2.01-0.99%Miss-18.4%
    Dec 21
    Reported Feb 28
    		$2.50$2.23+12.11%Beat-59.0%
    Sep 21
    Reported Nov 8
    		$1.23$1.70-27.65%Miss-31.3%
    Jun 21
    Reported Aug 5
    		$2.20$1.64+34.15%Beat-3.5%
    Mar 21
    Reported May 10
    		$2.44$1.79+36.31%Beat+493.5%
    Dec 20
    Reported Feb 25
    		$6.10$5.78+5.54%Beat+444.6%
    Sep 20
    Reported Nov 5
    		$1.79$1.79+0.00%Beat+90.4%
    Jun 20
    Reported Aug 6
    		$2.28$2.42-5.79%Miss+72.7%
    Mar 20
    Reported May 7
    		$-0.62$0.49-226.53%Miss-138.5%
    Dec 19
    Reported Feb 27
    		$1.12$1.23-8.94%Miss-22.2%
    Sep 19
    Reported Nov 7
    		$0.94$1.06-11.32%Miss-17.5%
    Jun 19
    Reported Aug 8
    		$1.32$1.24+6.45%Beat+1.5%
    Mar 19
    Reported May 8
    		$1.61$1.21+33.06%Beat-3.6%
    Dec 18
    Reported Feb 27
    		$1.44$1.00+44.00%Beat+29.7%
    Sep 18
    Reported Nov 8
    		$1.14$1.25-8.80%Miss+14.0%
    Jun 18
    Reported Aug 7
    		$1.30$1.28+1.56%Beat+20.4%
    Mar 18
    Reported May 8
    		$1.67$1.36+22.79%Beat+35.8%
    Dec 17
    Reported Feb 27
    		$1.11$0.90+23.33%Beat+5.7%
    Sep 17
    Reported Nov 7
    		$1.00$1.10-9.09%Miss-
    Jun 17
    Reported Aug 7
    		$1.08$1.08+0.00%Beat-
    Mar 17
    Reported May 8
    		$1.23$1.24-0.81%Miss-
    Dec 16
    Reported Feb 27
    		$1.05$1.13-7.08%Miss-

    Dividends

    Dividend Metrics

    Forward Yield1.03%
    Forward Annual Dividend$1.32
    Payout Ratio19.78%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+6.69%
    5Y CAGR+7.73%
    NNI dividend history and ex-dividend datesRun NNI in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio15.58EV/EBITDA31.28x
    Price/FCF12.68xFCF Yield7.89%
    Profitability
    Profit Margin20.30%Operating Margin18.20%
    ROE6.76%ROIC1.99%
    Financial Health
    Debt/Equity2.09xInterest Coverage0.68x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.77Avg Volume132.97K
    52-Week High$143.6452-Week Low$116.02

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$125.58
    SMA 20$125.17
    SMA 50$126.23
    SMA 200$130.42
    EMA 10$125.97
    EMA 20$125.72
    EMA 50$126.79
    EMA 200$128.36

    MACD

    Line: -0.01Signal: -0.48Hist: 0.47

    ADX

    ADX: 16.1+DI: 17.1-DI: 18.3

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down68.0
    PSAR$123.24

    Bollinger Bands

    Upper Band$127.65
    Lower Band$122.69
    %B Position396%(Upper)
    Band Width1.09

    RSI (14-Day)

    Neutral
    60.5

    Momentum Oscillators

    Stoch %K86.1
    Stoch %D79.7
    Williams %R-7.9
    ROC (10d)3.6%
    Momentum4.50
    CCI (20d)172.3
    MFI (14d)54.9

    Volatility Measures

    ATR (14d)$2.22(1.7%)
    StdDev (20d)1.24
    Hist Vol10.8%(Low)

    Volume Flow

    VWAP$127.86
    OBV1.3M
    AD Line-22.6M
    CMF (20d)-0.178

    Volume Metrics

    Avg Vol (20d)129.2K
    Vol Ratio1.0x
    VWMA (20d)$125.21

    Pivot Points

    R3$130.19
    R2$128.91
    R1$127.48
    Pivot Point$126.20
    S1$124.78
    S2$123.50
    S3$122.08

    Advanced Oscillators

    TSI-0.59
    Ultimate Osc57.0
    KST-8.13

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$391.62M$419.06M$341.99M$427.76M$540.61M$373.89M$341.65M$338.52M$332.68M$385.13M$344.96M$320.28M
    Cost of RevenueN/A$70.38M$71.76M$117.14M$150.78M$140.45M$163.23M$186.44M$180.07M$205.41M$216.26M$211.43M
    Gross ProfitN/A$455.13M$432.18M$377.49M$461.97M$325.65M$270.96M$248.32M$274.67M$311.46M$213.12M$269.50M
    Operating Expenses$282.69M$286.03M$266.26M$285.73M$280.34M$250.90M$238.53M$293.58M$262.86M$280.33M$404.12M$265.89M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$207.30M$194.52M$136.45M$237.36M$106.14M$78.44M$-2,223,000$58.43M$93.94M$-39,635,000$50.12M
    Interest Income$204.91M$211.23M$225.38M$205.96M$212.29M$207.83M$221.25M$240.48M$242.87M$268.80M$275.25M$284.55M
    Interest Expense$108.90M$109.58M$118.27M$120.71M$132.85M$125.11M$141.17M$168.33M$176.46M$194.58M$205.34M$207.16M
    Income Before Tax$65.41M$75.66M$46.38M$136.45M$237.36M$106.14M$78.44M$-2,223,000$58.43M$93.94M$-40,101,000$50.12M
    Income Tax Expense$19.94M$20.06M$7.69M$35.77M$59.51M$25.01M$15.02M$-282,000$14.75M$23.18M$-9,564,000$10.51M
    Net Income$45.47M$55.60M$38.69M$100.67M$177.85M$81.13M$63.42M$-1,941,000$43.67M$70.76M$-30,537,000$39.61M
    EBITDA$87.18M$96.82M$48.63M$161.45M$266.65M$129.26M$68.08M$63.23M$101.87M$127.93M$-23,366,000$85.20M
    EBIT$65.41M$75.66M$26.27M$145.59M$237.36M$106.14M$41.58M$26.83M$66.20M$93.97M$-40,101,000$50.12M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about NNI

    News

    Form 4 Nelnet Inc For: 10 October By Investing.com

    The article is a financial filing notification, specifically a Form 4 for Nelnet Inc, dated October 10. It is published by Investing.com and includes the stock symbol NNI. The content is brief...

    Investing.com Canada•10/11/26•Neutral

    Form 4 Nelnet Inc For: 10 October By Investing.com

    This article announces the filing of a Form 4 for Nelnet Inc. on October 10th. A Form 4 is a document that must be filed with the U.S. Securities and Exchange Commission (SEC) by company insiders, such as officers...

    Investing.com UK•10/11/26•Neutral

    Form 4 Nelnet Inc For: 10 October By Investing.com

    This article from Investing.com reports on a Form 4 filing for Nelnet Inc. on October 10. It is a brief notification indicating a significant financial disclosure by the company. The content primarily consists...

    Investing.com South Africa•10/10/26•Neutral

    Trusts for three adult children receive two 1,360-share gifts each of Nelnet (NNI) stock.

    Nelnet CFO James D. Kruger reported gift transfers of Class A common stock on October 5, 2026, stemming from the termination of two grantor retained annuity trusts (GRATs) — one established by him and one by his spouse....

    Stock Titan•10/7/26•Neutral

    Nelnet Director Kimberly Kay Rath Purchases 93 Phantom Stock Units Under Directors Compensation Plan

    Nelnet Inc. director Kimberly Kay Rath acquired 93 phantom stock units on September 15, 2026, as part of the company's Directors Stock Compensation Plan. Each unit, valued at $108.37...

    Kalkine Media•9/17/26•Somewhat-Bullish

    NNI Valuation and Fair Value

    P/E
    15.6x
    Forward P/E
    13.1x
    EV/EBITDA
    31.3x
    P/FCF
    12.7x
    PEG
    0.5x
    P/B
    1.2x
    See GNG's fair value

    NNI Profitability: Margins, ROIC and FCF

    Operating margin
    18.2%
    Net margin
    20.3%
    ROIC
    2.0%
    ROE
    6.8%
    FCF margin
    23.0%
    FCF yield
    7.9%

    NNI Competitors

    CompanyTicker
    TFS Financial CorporationTFSL
    The Baldwin Insurance Group, Inc.BWIN
    Piper Sandler CompaniesPIPR
    Qudian IncQD
    Flagstar Financial, Inc.FLG
    First Financial Bankshares IncFFIN
    Hannon Armstrong Sustainable Infrastructure Capital IncHASI
    Radian Group IncRDN

    Sector: Financial Services

    NNI Bull Case vs Bear Case

    Bull case

    • NNI converts 23.0% of revenue into free cash flow.
    • NNI has a 20.3% net profit margin.

    Bear case

    • NNI's quarterly revenue changed -30.5% year over year.
    • NNI has a debt-to-equity ratio of 2.1x.

    NNI Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    22.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.85
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    NNI Dividend

    Forward yield
    1.0%
    Payout ratio
    19.8%
    3Y DPS growth
    6.7%
    5Y DPS growth
    7.7%
    Pay months
    Mar, Jun, Sep, Dec
    NNI dividend history

    Frequently Asked Questions About NNI

    What is NNI's current dividend yield?

    Nelnet Inc (NNI) has a forward dividend yield of 1.03%.

    Does NNI pay dividends?

    Yes, Nelnet Inc pays dividends with a forward dividend yield of 1.03%.

    What is NNI's P/E ratio?

    Nelnet Inc has a price-to-earnings (P/E) ratio of 15.58.

    What is NNI's market cap?

    Nelnet Inc (NNI) has a market capitalization of $4.51B with a current stock price of $128.07.

    Related stocks

    Sector: Financial Services

    All stocks starting with N

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In