Nelnet (NNI) EBITDA (2010 - 2026)
Nelnet (NNI) posted quarterly EBITDA of -$229.9 million for Q1 2026, up 16.55% YoY from -$197.3 million in Q1 2025, and up 27.51% sequentially from -$317.2 million in Q4 2025.
Nelnet (NNI) EBITDA (2010 - 2026) Analysis & Trends
Nelnet has disclosed EBITDA across 17 years of filings, most recently posting -$229.9 million for Q1 2026.
- In Q1 2026, EBITDA rose 16.55% year-over-year to -$229.9 million; the TTM figure through Mar 2026 stood at -$1.1 billion (up 2.51% YoY), while the FY2025 annual figure was -$1.1 billion, down 3.8% from the prior year.
- EBITDA grew to -$229.9 million in Q1 2026, from -$317.2 million in the prior quarter.
- Over the last five years, EBITDA for NNI reached as high as -$102.6 million in Q2 2022 and fell as low as -$317.2 million in Q4 2025.
- The 5-year median for EBITDA is -$259.6 million (2023), against an average of -$245.0 million.
- The widest YoY moves for EBITDA: up 47.44% in 2023, down 150.06% in 2023.
- A 5-year view of EBITDA shows it stood at -$250.9 million in 2022, then fell by 19.68% to -$300.3 million in 2023, then gained by 0.61% to -$298.5 million in 2024, then declined by 6.26% to -$317.2 million in 2025, then gained by 27.51% to -$229.9 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered -$229.9 million, -$317.2 million, and -$280.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 7.23 Bn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 4.91 Bn |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 3.55 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 1.49 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 96.25 Mn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 153.01 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 332.00 Mn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 139.80 Mn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 69.02 Mn |
| 10 | Nelnet | 4.85 Bn | 4.49 Bn | 4.07 Mn | -229.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -229.91 Mn |
| Dec 31, 2025 | -317.18 Mn |
| Sep 30, 2025 | -279.99 Mn |
| Jun 30, 2025 | -275.03 Mn |
| Mar 31, 2025 | -275.51 Mn |
| Dec 31, 2024 | -298.49 Mn |
| Sep 30, 2024 | -293.58 Mn |
| Jun 30, 2024 | -262.86 Mn |
| Mar 31, 2024 | -136.79 Mn |
| Dec 31, 2023 | -300.33 Mn |
| Sep 30, 2023 | -259.59 Mn |
| Jun 30, 2023 | -256.48 Mn |
| Mar 31, 2023 | -126.90 Mn |
| Dec 31, 2022 | -250.94 Mn |
| Sep 30, 2022 | -257.07 Mn |
| Jun 30, 2022 | -102.57 Mn |
| Mar 31, 2022 | -241.41 Mn |
| Dec 31, 2021 | -213.35 Mn |
| Sep 30, 2021 | -177.94 Mn |
| Jun 30, 2021 | -181.47 Mn |