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Nelnet (NNI) Revenue & Revenue Breakdown

OverviewOwnershipFinancialsChart

Nelnet Revenue Highlights

Latest Revenue (Y)

$821.71M

Latest Revenue (Q)

$205.96M

Main Segment (Y)

Loan Servicing And Systems Revenue

Nelnet Revenue by Period

Nelnet Revenue by Year

DateRevenueChange
2025-12-31$821.71M-55.50%
2024-12-31$1.85B1.78%
2023-12-31$1.81B-0.14%
2022-12-31$1.82B28.15%
2021-12-31$1.42B3.29%
2020-12-31$1.37B-18.19%
2019-12-31$1.68B-0.15%
2018-12-31$1.68B42.61%
2017-12-31$1.18B-1.30%
2016-12-31$1.19B7.49%
2015-12-31$1.11B0.25%
2014-12-31$1.11B5.00%
2013-12-31$1.06B14.72%
2012-12-31$919.76M3.06%
2011-12-31$892.44M-7.98%
2010-12-31$969.85M1.00%
2009-12-31$960.27M-32.97%
2008-12-31$1.43B-29.24%
2007-12-31$2.02B15.61%
2006-12-31$1.75B54.50%
2005-12-31$1.13B63.09%
2004-12-31$694.90M41.00%
2003-12-31$492.83M-10.58%
2002-12-31$551.14M378.75%
2001-12-31$115.12M77.51%
2000-12-31$64.85M-

Nelnet generated $821.71M in revenue during NA 2025, up -55.50% compared to the previous quarter, and up 59.86% compared to the same period a year ago.

Nelnet Revenue by Quarter

DateRevenueChange
2025-09-30$205.96M-66.39%
2025-06-30$612.75M31.46%
2025-03-31$466.10M7.35%
2024-12-31$434.19M-0.13%
2024-09-30$434.76M-4.39%
2024-06-30$454.74M-12.02%
2024-03-31$516.87M20.38%
2023-12-31$429.38M-10.72%
2023-09-30$480.94M4.88%
2023-06-30$458.55M-3.49%
2023-03-31$475.11M0.38%
2022-12-31$473.31M0.05%
2022-09-30$473.05M19.97%
2022-06-30$394.31M-20.20%
2022-03-31$494.10M17.32%
2021-12-31$421.14M31.75%
2021-09-30$319.66M-3.69%
2021-06-30$331.91M-2.01%
2021-03-31$338.73M17.04%
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$421.31M65.44%
2019-09-30$254.66M15.23%
2019-06-30$221.00M-7.58%
2019-03-31$239.13M15.39%
2018-12-31$207.23M-17.06%
2018-09-30$249.87M4.30%
2018-06-30$239.57M-20.59%
2018-03-31$301.68M74.83%
2017-12-31$172.55M-7.46%
2017-09-30$186.46M23.62%
2017-06-30$150.83M-17.05%
2017-03-31$181.85M-30.28%
2016-12-31$260.84M11.91%
2016-09-30$233.08M68.31%
2016-06-30$138.48M-18.99%
2016-03-31$170.94M-29.87%
2015-12-31$243.75M26.87%
2015-09-30$192.12M-13.41%
2015-06-30$221.88M4.67%
2015-03-31$211.98M-4.67%
2014-12-31$222.36M-11.53%
2014-09-30$251.33M7.84%
2014-06-30$233.06M3.68%
2014-03-31$224.78M0.46%
2013-12-31$223.75M8.57%
2013-09-30$206.10M-22.08%
2013-06-30$264.51M20.97%
2013-03-31$218.66M6.41%
2012-12-31$205.50M21.77%
2012-09-30$168.76M-1.67%
2012-06-30$171.62M-6.57%
2012-03-31$183.69M-13.99%
2011-12-31$213.58M17.42%
2011-09-30$181.89M10.88%
2011-06-30$164.04M-14.20%
2011-03-31$191.19M-30.07%
2010-12-31$273.42M65.51%
2010-09-30$165.19M-15.03%
2010-06-30$194.41M-0.62%
2010-03-31$195.62M-10.54%
2009-12-31$218.66M27.82%
2009-09-30$171.07M43.18%
2009-06-30$119.48M-15.34%
2009-03-31$141.13M-13.66%
2008-12-31$163.45M10.12%
2008-09-30$148.42M-10.50%
2008-06-30$165.84M408.08%
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/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Education Technology Services$171.48M$169.06M$170.75M--
Loan Servicing And Systems Revenue$509.09M$482.41M$517.95M$535.46M$486.36M
Education Technology Services And Payment Processing Services$507.15M$408.54M$338.23M--
Other Service Offering$1.11M$3.00M$3.37M$2.85M$2.00M
Outsourced Services Revenue And Other$3.35M$25.39M---
Payment Processing$193.32M$179.04M$163.86M$148.21M$127.08M
Private Education And Consumer Loan Servicing$94.47M$63.45M$48.98M$49.21M$47.30M
Software Services$38.42M$21.03M$29.21M$33.41M$34.60M
Tuition Payment Plan Services$141.25M$135.85M$125.33M$110.80M$103.97M
Outsourced Services-$4.79M$13.58M$13.76M-
Education Technology And Services---$146.68M$105.19M
Investment Advice----$7.77M
FFELP Servicing----$18.28M
Government Servicing - Great Lakes----$193.21M
Administrative Service----$3.31M

Nelnet's latest annual revenue breakdown by segment (product or service), as of Dec 25: Loan Servicing And Systems Revenue (30.67%), Education Technology Services And Payment Processing Services (30.56%), Payment Processing (11.65%), Education Technology Services (10.33%), Tuition Payment Plan Services (8.51%), Private Education And Consumer Loan Servicing (5.69%), Software Services (2.31%), Outsourced Services Revenue And Other (0.20%), and Other Service Offering (0.07%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20
Loan Servicing And Systems Revenue$116.57M$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
Other Service Offering$361.00K$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
Outsourced Services Revenue And Other$388.00K$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---
Payment Processing$44.78M$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
Private Education And Consumer Loan Servicing$24.75M$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
Software Services$11.39M$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
Tuition Payment Plan Services$32.19M$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
Education Technology Services And Payment Processing Services$112.31M$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--
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---
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--
Government Servicing - Nelnet--------------$61.05M$59.74M$37.59M$35.38M$34.87M$34.49M
Government Servicing - Great Lakes--------------$48.08M$59.56M$46.49M$43.86M$43.30M$42.86M
Investment Advice---------------$1.39M$2.69M---
Administrative Service---------------$34.93M$2.52M---
Loan Servicing And Systems---------------$150.40M$113.99M---
Communications Services-------------------$19.25M

Nelnet's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Loan Servicing And Systems Revenue (34.01%), Education Technology Services And Payment Processing Services (32.77%), Payment Processing (13.07%), Tuition Payment Plan Services (9.39%), Private Education And Consumer Loan Servicing (7.22%), Software Services (3.32%), Outsourced Services Revenue And Other (0.11%), and Other Service Offering (0.11%).

Nelnet Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SNEXStoneX Group$132.38B$39.03B
LAZLazard$3.19B$782.43M
SLMSLM$3.11B$657.59M
CACCCredit Acceptance$2.32B$582.40M
AUBAtlantic Union Bankshares$2.02B$538.96M
AXAxos Financial$1.95B$513.85M
MCMoelis$1.52B$356.89M
RDNRadian Group$1.25B$303.19M
UPSTUpstart$1.04B$277.11M
NNINelnet$821.71M$205.96M

NNI Revenue FAQ

What is Nelnet’s yearly revenue?

Nelnet's yearly revenue for 2025 was $821.71M, representing a decrease of -55.50% compared to 2024. The company's yearly revenue for 2024 was $1.85B, representing an increase of 1.78% compared to 2023. NNI's yearly revenue for 2023 was $1.81B, representing a decrease of -0.14% compared to 2022.

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 (2023-2025) was -54.71%, and for the last 5 years (2021-2025) was -42.04%.

What are Nelnet’s revenue streams?

Nelnet's revenue streams in c 25 are Education Technology Services, Loan Servicing And Systems Revenue, Education Technology Services And Payment Processing Services, Other Service Offering, Outsourced Services Revenue And Other, Payment Processing, Private Education And Consumer Loan Servicing, Software Services, and Tuition Payment Plan Services. Education Technology Services generated $171.48M in revenue, accounting 10.33% of the company's total revenue, up 1.43% year-over-year. Loan Servicing And Systems Revenue generated $509.09M in revenue, accounting 30.67% of the company's total revenue, up 5.53% year-over-year. Education Technology Services And Payment Processing Services generated $507.15M in revenue, accounting 30.56% of the company's total revenue, up 24.14% year-over-year. Other Service Offering generated $1.11M in revenue, accounting 0.07% of the company's total revenue, down -63.17% year-over-year. Outsourced Services Revenue And Other generated $3.35M in revenue, accounting 0.20% of the company's total revenue, down -86.79% year-over-year. Payment Processing generated $193.32M in revenue, accounting 11.65% of the company's total revenue, up 7.97% year-over-year. Private Education And Consumer Loan Servicing generated $94.47M in revenue, accounting 5.69% of the company's total revenue, up 48.89% year-over-year. Software Services generated $38.42M in revenue, accounting 2.31% of the company's total revenue, up 82.66% year-over-year. Tuition Payment Plan Services generated $141.25M in revenue, accounting 8.51% of the company's total revenue, up 3.97% year-over-year.

What is Nelnet’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Nelnet was Loan Servicing And Systems Revenue. This segment made a revenue of $509.09M, representing 30.67% of the company's total revenue.