Navient (NAVI) Non Operating Interest Expenses (2013 - 2024)
Navient (NAVI) recorded Non Operating Interest Expenses of $843 million in Q2 2024, down 8.3% from $919 million a year earlier and down 3.7% from the prior quarter.
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Analysis
Navient (NAVI) Non Operating Interest Expenses (2013 - 2024) Analysis & Trends
On a TTM basis, Navient's Non Operating Interest Expenses came in at $3.52 billion as of Jun 30, 2024, up 10.0% year-over-year; for FY2023, it came in at $3.56 billion, up 69.2% from FY2022.
- Annual Non Operating Interest Expenses has a five-year compound annual growth rate of -0.6% (FY2018 to FY2023).
- Across earlier years, Non Operating Interest Expenses came in at $2.1 billion in FY2022 (+59.7%), $1.32 billion in FY2021 (-35.7%), $2.05 billion in FY2020 (-41.3%) and $3.49 billion in FY2019 (-4.9%).
- The Q2 2024 figure is the lowest quarterly Non Operating Interest Expenses since Q1 2023.
- On a year-over-year basis, Non Operating Interest Expenses rose in seven of the last eight quarters, with growth averaging 79.0%.
- Peak year-over-year performance for Non Operating Interest Expenses in the last five years was growth of 189.6% in Q1 2023, against a decline of 53.9% in Q1 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $875 million (Q1 2024), $921 million (Q4 2023) and $879 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | Navient | 850.62 Mn | -1.75 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 843.00 Mn |
| Mar 31, 2024 | 875.00 Mn |
| Dec 31, 2023 | 921.00 Mn |
| Sep 30, 2023 | 879.00 Mn |
| Jun 30, 2023 | 919.00 Mn |
| Mar 31, 2023 | 837.00 Mn |
| Dec 31, 2022 | 801.00 Mn |
| Sep 30, 2022 | 641.00 Mn |
| Jun 30, 2022 | 371.00 Mn |
| Mar 31, 2022 | 289.00 Mn |
| Dec 31, 2021 | 321.00 Mn |
| Sep 30, 2021 | 326.00 Mn |
| Jun 30, 2021 | 339.00 Mn |
| Mar 31, 2021 | 329.00 Mn |
| Dec 31, 2020 | 388.00 Mn |
| Sep 30, 2020 | 425.00 Mn |
| Jun 30, 2020 | 519.00 Mn |
| Mar 31, 2020 | 714.00 Mn |
| Dec 31, 2019 | 774.00 Mn |
| Sep 30, 2019 | 854.00 Mn |
API Access
Navient Non Operating Interest 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=non-operating-interest-expenses&ticker=NAVI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "ticker": "NAVI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-operating-interest-expenses&ticker=NAVI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();