Nelnet (NNI) Invested Capital (2010 - 2026)
Nelnet (NNI) posted quarterly Invested Capital of $11.3 billion for Q1 2026, up 176.8% YoY from $4.1 billion in Q1 2025, and down 1.41% sequentially from $11.5 billion in Q4 2025.
Nelnet (NNI) Invested Capital (2010 - 2026) Analysis & Trends
Nelnet has disclosed Invested Capital across 17 years of filings, most recently posting $11.3 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 176.8% year-over-year to $11.3 billion; the TTM figure through Mar 2026 stood at $11.3 billion (up 176.8% YoY), while the FY2025 annual figure was $11.5 billion, down 1.22% from the prior year.
- Invested Capital retreated to $11.3 billion in Q1 2026, from $11.5 billion in the prior quarter.
- Over the last five years, Invested Capital for NNI reached as high as $19.8 billion in Q1 2022 and fell as low as $4.1 billion in Q1 2025.
- The 5-year median for Invested Capital is $13.8 billion (2024), against an average of $14.0 billion.
- Annual changes were most pronounced in 2025 — Invested Capital plunged 70.44% — and 2026, when it soared 176.8%.
- A 5-year view of Invested Capital shows it stood at $17.8 billion in 2022, then declined by 15.67% to $15.0 billion in 2023, then declined by 22.75% to $11.6 billion in 2024, then fell by 1.22% to $11.5 billion in 2025, then slipped by 1.41% to $11.3 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $11.3 billion, $11.5 billion, and $11.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 59.66 Bn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 8.47 Bn |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 92.75 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 30.90 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 3.78 Bn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 12.63 Bn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 32.96 Bn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 1.52 Bn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 2.39 Bn |
| 10 | Nelnet | 4.85 Bn | 4.49 Bn | 4.07 Mn | 11.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.31 Bn |
| Dec 31, 2025 | 11.47 Bn |
| Sep 30, 2025 | 11.41 Bn |
| Jun 30, 2025 | 11.39 Bn |
| Mar 31, 2025 | 4.08 Bn |
| Dec 31, 2024 | 11.61 Bn |
| Sep 30, 2024 | 12.15 Bn |
| Jun 30, 2024 | 12.79 Bn |
| Mar 31, 2024 | 13.82 Bn |
| Dec 31, 2023 | 15.03 Bn |
| Sep 30, 2023 | 15.69 Bn |
| Jun 30, 2023 | 16.30 Bn |
| Mar 31, 2023 | 16.64 Bn |
| Dec 31, 2022 | 17.82 Bn |
| Sep 30, 2022 | 18.21 Bn |
| Jun 30, 2022 | 19.21 Bn |
| Mar 31, 2022 | 19.82 Bn |
| Dec 31, 2021 | 20.57 Bn |
| Sep 30, 2021 | 21.47 Bn |
| Jun 30, 2021 | 22.21 Bn |