Nelnet (NNI) Gross Margin (2017 - 2026)
Nelnet (NNI) posted quarterly Gross Margin of 24.33% for Q1 2026, down 115.6% quarter-over-quarter from 156.01% in Q4 2025.
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Nelnet (NNI) Gross Margin (2017 - 2026) Analysis & Trends
Nelnet (NNI) has reported Gross Margin for 10 consecutive years, with 24.33% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin changed N/A year-over-year to 24.33%; the TTM figure through Mar 2026 stood at 2405.31% (up 345901.0% YoY), while the FY2025 annual figure was 1474.5%, up 369324.0% from the prior year.
- Gross Margin slipped to 24.33% in Q1 2026 per NNI's latest filing, from 156.01% in the prior quarter.
- Across five years, Gross Margin topped out at 156.01% in Q4 2025 and bottomed at 1334.49% in Q4 2024.
- Historically, Gross Margin has averaged 257.44% across 5 years, with a median of 48.58% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin surged 556004 bps — and 2024, when it tumbled 148146 bps.
- Nelnet's Gross Margin stood at 201.71% in 2022, then soared by 173 bps to 146.97% in 2023, then sank by 1008 bps to 1334.49% in 2024, then surged by 112 bps to 156.01% in 2025, then slumped by 116 bps to 24.33% in 2026.
- Business Quant data shows NNI's Gross Margin at 24.33% in Q1 2026, 156.01% in Q4 2025, and 945.5% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | - |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | - |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | - |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 83.58% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 90.90% |
| 10 | Nelnet | 4.59 Bn | 4.28 Bn | 90.97 Mn | 68.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.79% |
| Mar 31, 2026 | 66.30% |
| Dec 31, 2025 | 53.58% |
| Sep 30, 2025 | 60.28% |
| Jun 30, 2025 | 53.83% |
| Mar 31, 2025 | 60.97% |
| Dec 31, 2024 | 36.57% |
| Sep 30, 2024 | 38.84% |
| Jun 30, 2024 | 58.52% |
| Mar 31, 2024 | 56.22% |
| Dec 31, 2023 | 51.29% |
| Sep 30, 2023 | 59.75% |
| Jun 30, 2023 | 59.41% |
| Mar 31, 2023 | 59.78% |
| Dec 31, 2022 | -117.30% |
| Sep 30, 2022 | 63.75% |
| Jun 30, 2022 | 75.29% |
| Mar 31, 2022 | 73.93% |
| Dec 31, 2021 | 80.99% |
| Sep 30, 2021 | 72.11% |