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| Date | Value |
|---|---|
| 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 |