Nelnet (NNI) Free Cash Flow (2010 - 2026)

Nelnet (NNI) reported Free Cash Flow of $61.6 million for Q1 2026, down 29.87% year-over-year from $87.8 million in Q1 2025, and down 52.69% quarter-over-quarter from $130.1 million in Q4 2025.

Nelnet (NNI) Free Cash Flow (2010 - 2026) Analysis & Trends

Nelnet (NNI) has 17 years of Free Cash Flow data on file, last reported at $61.6 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $61.6 million, down 29.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $266.2 million (down 50.84% YoY), and the FY2025 annual result was $396.7 million, down 38.2% from the prior year.
  • Free Cash Flow retreated to $61.6 million in Q1 2026 per NNI's latest filing, from $130.1 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $561.7 million in Q4 2023 and troughed at -$895.0 million in Q4 2022.
  • A 5-year average of $33.9 million and a median of $98.4 million in 2023 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2022 and 2024: Free Cash Flow slumped 829.57% in 2022, then soared 1256.11% in 2024.
  • A 5-year view of Free Cash Flow shows it stood at -$895.0 million in 2022, then soared by 162.75% to $561.7 million in 2023, then plunged by 64.76% to $197.9 million in 2024, then plunged by 34.25% to $130.1 million in 2025, then tumbled by 52.69% to $61.6 million in 2026.
  • Business Quant data shows NNI's Free Cash Flow at $61.6 million in Q1 2026, $130.1 million in Q4 2025, and $34.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 2.63 Bn
2 Mastercard 437.55 Bn 427.34 Bn - 2.82 Bn
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 2.66 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - 5.47 Bn
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 903.00 Mn
6 Synchrony Financial 24.26 Bn 3.70 Bn - 2.18 Bn
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 22.68 Bn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn -2.38 Bn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 1.37 Bn
10 Nelnet 4.66 Bn 4.29 Bn 4.07 Mn 61.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 61.57 Mn
Mar 31, 2026 61.57 Mn
Dec 31, 2025 130.12 Mn
Dec 31, 2025 130.12 Mn
Sep 30, 2025 34.94 Mn
Sep 30, 2025 34.94 Mn
Jun 30, 2025 39.56 Mn
Jun 30, 2025 39.56 Mn
Mar 31, 2025 87.79 Mn
Mar 31, 2025 87.79 Mn
Dec 31, 2024 197.91 Mn
Dec 31, 2024 197.91 Mn
Sep 30, 2024 132.60 Mn
Sep 30, 2024 132.60 Mn
Jun 30, 2024 123.14 Mn
Jun 30, 2024 123.14 Mn
Mar 31, 2024 188.33 Mn
Mar 31, 2024 188.33 Mn
Dec 31, 2023 561.67 Mn
Dec 31, 2023 561.67 Mn