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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | - |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | - |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 91.60% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | - |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | - |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -32.14% |
| 10 | Nelnet | 4.86 Bn | 4.62 Bn | -10.19 Mn | -24.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.33% |
| Dec 31, 2025 | 156.01% |
| Sep 30, 2025 | -945.50% |
| Jun 30, 2025 | -48.58% |
| Dec 31, 2024 | -1,334.49% |
| Sep 30, 2024 | -334.95% |
| Mar 31, 2024 | -357.81% |
| Dec 31, 2023 | 146.97% |
| Mar 31, 2023 | 58.08% |
| Dec 31, 2022 | -201.71% |
| Sep 30, 2022 | 54.49% |
| Dec 31, 2021 | 91.55% |
| Sep 30, 2021 | -5,505.55% |
| Jun 30, 2021 | 71.74% |
| Mar 31, 2021 | 75.74% |
| Dec 31, 2020 | 2.45% |
| Sep 30, 2020 | -250.75% |
| Jun 30, 2020 | 7,332.53% |
| Mar 31, 2020 | -9,621.92% |
| Dec 31, 2019 | -8.59% |