Nelnet (NNI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Nelnet Revenue Highlights

Latest Revenue (Y)

$1.17B

Latest Revenue (Q)

$205.96M

Main Segment (Y)

Loan Servicing And Systems Revenue

Nelnet Revenue by Period

Nelnet Revenue by Year

Date	Revenue	Change
2024-12-31	$1.17B	-45.28%
2023-12-31	$2.13B	51.59%
2022-12-31	$1.41B	14.08%
2021-12-31	$1.23B	16.14%
2020-12-31	$1.06B	8.43%
2019-12-31	$978.57M	-1.98%
2018-12-31	$998.34M	44.35%
2017-12-31	$691.61M	-13.91%
2016-12-31	$803.34M	-2.54%
2015-12-31	$824.26M	-6.14%
2014-12-31	$878.22M	3.56%
2013-12-31	$848.06M	30.23%
2012-12-31	$651.19M	-1.95%
2011-12-31	$664.15M	-6.04%
2010-12-31	$706.87M	31.50%
2009-12-31	$537.55M	5.33%
2008-12-31	$510.35M	-9.95%
2007-12-31	$566.72M	-0.92%
2006-12-31	$572.00M	-6.73%
2005-12-31	$613.28M	17.33%
2004-12-31	$522.70M	76.51%
2003-12-31	$296.13M	-6.32%
2002-12-31	$316.13M	174.61%
2001-12-31	$115.12M	77.51%
2000-12-31	$64.85M	-

Nelnet generated $1.17B in revenue during NA 2024, up -45.28% compared to the previous quarter, and up 119.17% compared to the same period a year ago.

Nelnet Revenue by Quarter

Date	Revenue	Change
2025-09-30	$205.96M	-66.39%
2025-06-30	$612.75M	31.46%
2025-03-31	$466.10M	7.35%
2024-12-31	$434.19M	-0.13%
2024-09-30	$434.76M	-4.39%
2024-06-30	$454.74M	-12.02%
2024-03-31	$516.87M	20.38%
2023-12-31	$429.38M	-10.72%
2023-09-30	$480.94M	4.88%
2023-06-30	$458.55M	-3.49%
2023-03-31	$475.11M	0.38%
2022-12-31	$473.31M	0.05%
2022-09-30	$473.05M	19.97%
2022-06-30	$394.31M	-20.20%
2022-03-31	$494.10M	17.32%
2021-12-31	$421.14M	31.75%
2021-09-30	$319.66M	-3.69%
2021-06-30	$331.91M	-2.01%
2021-03-31	$338.73M	17.04%
2020-12-31	$289.42M	-13.34%
2020-09-30	$333.98M	-12.60%
2020-06-30	$382.14M	-0.87%
2020-03-31	$385.52M	-8.50%
2019-12-31	$421.31M	65.44%
2019-09-30	$254.66M	15.23%
2019-06-30	$221.00M	-7.58%
2019-03-31	$239.13M	15.39%
2018-12-31	$207.23M	-17.06%
2018-09-30	$249.87M	4.30%
2018-06-30	$239.57M	-20.59%
2018-03-31	$301.68M	74.83%
2017-12-31	$172.55M	-7.46%
2017-09-30	$186.46M	23.62%
2017-06-30	$150.83M	-17.05%
2017-03-31	$181.85M	-30.28%
2016-12-31	$260.84M	11.91%
2016-09-30	$233.08M	68.31%
2016-06-30	$138.48M	-18.99%
2016-03-31	$170.94M	-29.87%
2015-12-31	$243.75M	26.87%
2015-09-30	$192.12M	-13.41%
2015-06-30	$221.88M	4.67%
2015-03-31	$211.98M	-4.67%
2014-12-31	$222.36M	-11.53%
2014-09-30	$251.33M	7.84%
2014-06-30	$233.06M	3.68%
2014-03-31	$224.78M	0.46%
2013-12-31	$223.75M	8.57%
2013-09-30	$206.10M	-22.08%
2013-06-30	$264.51M	20.97%
2013-03-31	$218.66M	6.41%
2012-12-31	$205.50M	21.77%
2012-09-30	$168.76M	-1.67%
2012-06-30	$171.62M	-6.57%
2012-03-31	$183.69M	-13.99%
2011-12-31	$213.58M	17.42%
2011-09-30	$181.89M	10.88%
2011-06-30	$164.04M	-14.20%
2011-03-31	$191.19M	-30.07%
2010-12-31	$273.42M	65.51%
2010-09-30	$165.19M	-15.03%
2010-06-30	$194.41M	-0.62%
2010-03-31	$195.62M	-10.54%
2009-12-31	$218.66M	27.82%
2009-09-30	$171.07M	43.18%
2009-06-30	$119.48M	-15.34%
2009-03-31	$141.13M	-13.66%
2008-12-31	$163.45M	10.12%
2008-09-30	$148.42M	-10.50%
2008-06-30	$165.84M	408.08%
2008-03-31	$32.64M	-79.05%
2007-12-31	$155.82M	-

Nelnet generated $205.96M in revenue during Q3 2025, up -66.39% compared to the previous quarter, and up 45.29% compared to the same period a year ago.

Nelnet Revenue Breakdown

Nelnet Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Private Education And Consumer Loan Servicing	$63.45M	$48.98M	$49.21M	$47.30M	$32.49M
Payment Processing	$179.04M	$163.86M	$148.21M	$127.08M	$114.30M
Outsourced Services	$4.79M	$13.58M	$13.76M	-	-
Other Service Offering	$3.00M	$3.37M	$2.85M	$2.00M	$1.33M
Loan Servicing And Systems Revenue	$482.41M	$517.95M	$535.46M	$486.36M	$451.56M
Software Services	$21.03M	$29.21M	$33.41M	$34.60M	$42.00M
Education Technology Services	$169.06M	$170.75M	-	-	-
Tuition Payment Plan Services	$135.85M	$125.33M	$110.80M	$103.97M	$100.67M
Education Technology Services And Payment Processing Services	-	-	$408.54M	$338.23M	$282.20M
Education Technology And Services	-	-	$146.68M	$105.19M	$65.89M
Investment Advice	-	-	-	$7.77M	$10.88M
Government Servicing - Great Lakes	-	-	-	$193.21M	$179.87M
FFELP Servicing	-	-	-	$18.28M	$20.18M
Administrative Service	-	-	-	$3.31M	-
Outsourced Services Revenue And Other	-	-	-	$25.39M	$30.22M
Communications Services	-	-	-	-	$76.64M

Nelnet's latest annual revenue breakdown by segment (product or service), as of Dec 24: Loan Servicing And Systems Revenue (45.57%), Payment Processing (16.91%), Education Technology Services (15.97%), Tuition Payment Plan Services (12.83%), Private Education And Consumer Loan Servicing (5.99%), Software Services (1.99%), Outsourced Services (0.45%), and Other Service Offering (0.28%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Payment Processing	$59.48M	$37.52M	$51.54M	$75.44M	$55.81M	$47.79M	$37.14M	$50.85M	$31.83M	$44.04M	$34.22M	$47.96M	$27.97M	$38.07M	$29.18M	$39.85M	$25.01M	$33.04M	$25.98M	$35.42M
Tuition Payment Plan Services	$32.97M	$36.01M	$40.07M	$65.31M	$31.66M	$38.88M	$30.09M	$30.22M	$30.82M	$34.19M	$26.67M	$25.78M	$27.64M	$30.72M	$24.26M	$23.62M	$26.54M	$29.55M	$23.66M	$22.48M
Software Services	$10.58M	$9.45M	$6.99M	$11.29M	$5.20M	$4.54M	$4.13M	$9.42M	$5.96M	$9.70M	$9.87M	$8.23M	$7.91M	$7.40M	$11.82M	$6.95M	$7.37M	$8.45M	$9.60M	$10.43M
Private Education And Consumer Loan Servicing	$24.29M	$22.73M	$22.70M	$37.78M	$13.06M	$12.62M	$12.43M	$12.33M	$12.06M	$12.16M	$12.02M	$12.20M	$12.12M	$12.87M	$12.74M	$13.20M	$12.82M	$8.55M	$7.76M	$7.93M
Outsourced Services Revenue And Other	$1.34M	$561.00K	$1.06M	$1.76M	$1.19M	$2.69M	$4.71M	$5.12M	$5.21M	$2.02M	$2.72M	$2.19M	$3.56M	$7.96M	$11.67M	$14.53M	$8.88M	-	-	-
Other Service Offering	$543.00K	$175.00K	$27.00K	$1.52M	$627.00K	$852.00K	$862.00K	$932.00K	$990.00K	$588.00K	$1.52M	$610.00K	$470.00K	$248.00K	$471.00K	$756.00K	$423.00K	$348.00K	$393.00K	$384.00K
Loan Servicing And Systems Revenue	$151.05M	$120.72M	$120.74M	$247.03M	$108.17M	$127.20M	$128.81M	$127.89M	$122.02M	$139.23M	$140.02M	$134.20M	$124.87M	$136.37M	$150.40M	$112.35M	$112.09M	$111.52M	$113.99M	$113.79M
FFELP Servicing	$2.04M	$2.24M	$2.63M	$2.94M	$3.38M	$3.30M	$3.55M	$3.37M	$4.13M	$4.01M	$4.25M	$4.35M	$4.56M	$4.70M	$4.67M	$4.74M	$4.91M	-	-	-
Education Technology Services And Payment Processing Services	$129.32M	$118.18M	$147.33M	$118.18M	$143.54M	$113.80M	$109.86M	$133.60M	$98.33M	$106.89M	$91.03M	$112.29M	$80.95M	$85.32M	$76.70M	$95.26M	$65.10M	$74.12M	-	-
Education Technology And Services	$36.32M	$44.48M	$55.70M	$30.08M	$56.02M	$31.79M	$46.22M	$54.79M	$35.92M	$32.55M	$34.96M	$43.25M	$27.03M	$21.10M	$24.73M	$32.32M	$15.06M	$15.84M	-	-
Government Servicing - Great Lakes	-	-	-	-	-	-	-	-	-	-	-	-	-	$48.08M	$59.56M	$46.49M	$43.86M	$43.30M	$42.86M	$45.35M
Government Servicing - Nelnet	-	-	-	-	-	-	-	-	-	-	-	-	-	$61.05M	$59.74M	$37.59M	$35.38M	$34.87M	$34.49M	$36.30M
Administrative Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$34.93M	$2.52M	-	-	-	-
Loan Servicing And Systems	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$150.40M	$113.99M	-	-	-	-
Investment Advice	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.39M	$2.69M	-	-	-	-
Communications Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$19.25M	-
Communication Revenue, Service Offering	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.21M
Internet	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$12.79M
Other Communication Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$40.00K
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.93M
Television	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.45M

Nelnet's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Loan Servicing And Systems Revenue (33.72%), Education Technology Services And Payment Processing Services (28.87%), Payment Processing (13.28%), Education Technology And Services (8.11%), Tuition Payment Plan Services (7.36%), Private Education And Consumer Loan Servicing (5.42%), Software Services (2.36%), FFELP Servicing (0.45%), Outsourced Services Revenue And Other (0.30%), and Other Service Offering (0.12%).

Nelnet Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SNEX	StoneX Group	$132.38B	$34.83B
LAZ	Lazard	$3.14B	$782.43M
SLM	SLM	$2.62B	$657.59M
CACC	Credit Acceptance	$2.16B	$582.40M
AX	Axos Financial	$1.95B	$465.74M
RDN	Radian Group	$1.29B	$303.19M
AUB	Atlantic Union Bankshares	$1.23B	$538.96M
MC	Moelis	$1.19B	$356.89M
NNI	Nelnet	$1.17B	$205.96M
UPST	Upstart	$636.53M	$277.11M

NNI Revenue FAQ

What is Nelnet’s yearly revenue?

Nelnet's yearly revenue for 2024 was $1.17B, representing a decrease of -45.28% compared to 2023. The company's yearly revenue for 2023 was $2.13B, representing an increase of 51.59% compared to 2022. NNI's yearly revenue for 2022 was $1.41B, representing an increase of 14.08% compared to 2021.

What is Nelnet’s quarterly revenue?

Nelnet's quarterly revenue for Q3 2025 was $205.96M, a -66.39% decrease from the previous quarter (Q2 2025), and a -52.63% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $612.75M, a 31.46% increase from the previous quarter (Q1 2025), and a 34.75% increase year-over-year (Q2 2024). NNI's quarterly revenue for Q1 2025 was $466.1M, a 7.35% increase from the previous quarter (Q4 2024), and a -9.82% decrease year-over-year (Q1 2024).

What is Nelnet’s revenue growth rate?

Nelnet's revenue growth rate for the last 3 years (2022-2024) was -17.05%, and for the last 5 years (2020-2024) was 9.90%.

What are Nelnet’s revenue streams?

Nelnet's revenue streams in c 24 are Private Education And Consumer Loan Servicing, Payment Processing, Outsourced Services, Other Service Offering, Loan Servicing And Systems Revenue, Software Services, Education Technology Services, and Tuition Payment Plan Services. Private Education And Consumer Loan Servicing generated $63.45M in revenue, accounting 5.99% of the company's total revenue, up 29.54% year-over-year. Payment Processing generated $179.04M in revenue, accounting 16.91% of the company's total revenue, up 9.27% year-over-year. Outsourced Services generated $4.79M in revenue, accounting 0.45% of the company's total revenue, down -64.73% year-over-year. Other Service Offering generated $3M in revenue, accounting 0.28% of the company's total revenue, down -10.94% year-over-year. Loan Servicing And Systems Revenue generated $482.41M in revenue, accounting 45.57% of the company's total revenue, down -6.86% year-over-year. Software Services generated $21.03M in revenue, accounting 1.99% of the company's total revenue, down -27.99% year-over-year. Education Technology Services generated $169.06M in revenue, accounting 15.97% of the company's total revenue, down -0.99% year-over-year. Tuition Payment Plan Services generated $135.85M in revenue, accounting 12.83% of the company's total revenue, up 8.40% year-over-year.

What is Nelnet’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Nelnet was Loan Servicing And Systems Revenue. This segment made a revenue of $482.41M, representing 45.57% of the company's total revenue.