Nelnet (NNI) Gross Margin (2017 - 2026)
Nelnet's (NNI) quarterly Gross Margin came in at 68.79% in Q2 2026, up 1496.0% year-over-year from 4.31% in Q2 2025, and up 3.75% quarter-over-quarter from 66.3% in Q1 2026.
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Nelnet (NNI) Gross Margin (2017 - 2026) Analysis & Trends
Nelnet (NNI) has reported Gross Margin for 10 consecutive years, with 68.79% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 1496.0% year-over-year to 68.79% in Q2 2026; TTM through Jun 2026 was 62.62%, a 1403.0% increase from a year earlier, with the FY2025 full-year figure at 55.55%, up 737.0% from the prior year.
- Gross Margin was 68.79% for Q2 2026 at Nelnet, up from 66.3% in the prior quarter.
- Over five years, Gross Margin peaked at 75.29% in Q2 2022 and troughed at 117.3% in Q4 2022.
- A 5-year average of 48.88% and a median of 59.58% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 19829 bps in 2022 and soared 16859 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 117.3% in 2022, then surged by 144 bps to 51.29% in 2023, then fell by 29 bps to 36.57% in 2024, then jumped by 47 bps to 53.58% in 2025, then climbed by 28 bps to 68.79% in 2026.
- The last three Gross Margin figures came in at 68.79% (Q2 2026), 66.3% (Q1 2026), and 53.58% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | - |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | - |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | - |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | - |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | - |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | - |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | 39.19% |
| 10 | Nelnet | 4.54 Bn | 4.23 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% |