Navient (NAVI) Operating Expenses (2013 - 2026)
Navient (NAVI) posted Operating Expenses of $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 (NAVI) Operating Expenses (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Navient was $388 million, down 46.6% year-over-year; for FY2025, it was $441 million, down 49.0% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of -15.0% (FY2020 to FY2025).
- In prior years, Navient's 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 stands as the lowest quarterly Operating Expenses in data going back to Q1 2013.
- On a year-over-year basis, Operating Expenses has declined in each of the last seven quarters, with an average decline of 25.6% over the last eight quarters.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q4 2021, with growth of 75.6%; the weakest was Q3 2025, with a decline of 67.8%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $93 million (Q1 2026), $100 million (Q4 2025) and $110 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 4.66 Bn |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | 2.50 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 2.07 Bn |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 1.33 Bn |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 1.02 Bn |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | Navient | 830.92 Mn | -1.77 Bn | - | 85.00 Mn |
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=NAVI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-expenses&ticker=NAVI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();