Navient (JSM) Operating Expenses (2013 - 2026)
Navient's Operating Expenses came in at $85 million for Q2 2026, down 15.8% from $101 million a year earlier and down 8.6% from the prior quarter.
Powered by 
Analysis
Navient (JSM) Operating Expenses (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Navient reported Operating Expenses of $388 million, down 46.6% year-over-year; for FY2025, it came in at $441 million, down 49.0% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -15.0% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $865 million in FY2024 (+3.6%), $835 million in FY2023 (+0.5%), $831 million in FY2022 (-34.2%) and $1.26 billion in FY2021 (+26.9%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses in data going back to Q1 2013.
- Year-over-year, Operating Expenses has declined for seven consecutive quarters, with an average decline of 25.6% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 75.6%), and the weakest in Q3 2025 (a decline of 67.8%).
- Business Quant data shows JSM's Operating Expenses at $93 million (Q1 2026), $100 million (Q4 2025) and $110 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.00 Mn |
| Mar 31, 2026 | 93.00 Mn |
| Dec 31, 2025 | 100.00 Mn |
| Sep 30, 2025 | 110.00 Mn |
| Jun 30, 2025 | 101.00 Mn |
| Mar 31, 2025 | 131.00 Mn |
| Dec 31, 2024 | 152.00 Mn |
| Sep 30, 2024 | 342.00 Mn |
| Jun 30, 2024 | 185.00 Mn |
| Mar 31, 2024 | 187.00 Mn |
| Dec 31, 2023 | 203.00 Mn |
| Sep 30, 2023 | 240.00 Mn |
| Jun 30, 2023 | 200.00 Mn |
| Mar 31, 2023 | 192.00 Mn |
| Dec 31, 2022 | 201.00 Mn |
| Sep 30, 2022 | 225.00 Mn |
| Jun 30, 2022 | 193.00 Mn |
| Mar 31, 2022 | 212.00 Mn |
| Dec 31, 2021 | 483.00 Mn |
| Sep 30, 2021 | 252.00 Mn |
API Access
Navient Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=JSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "JSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=JSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();