Nelnet (NNI) Operating Expenses (2010 - 2026)

Nelnet (NNI) has 17 years of Operating Expenses data on file, last reported at $234.0 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $234.0 million, up 7.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $943.2 million (up 6.76% YoY), and the FY2025 annual result was $927.1 million, up 5.0% from the prior year.
• Operating Expenses slipped to $234.0 million in Q1 2026 per NNI's latest filing, from $264.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $264.1 million in Q4 2025 and troughed at $196.6 million in Q2 2022.
• A 5-year average of $221.8 million and a median of $218.0 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 19.22% in 2022, then dropped 11.13% in 2024.
• A 5-year view of Operating Expenses shows it stood at $222.1 million in 2022, then rose by 16.38% to $258.5 million in 2023, then retreated by 11.13% to $229.8 million in 2024, then advanced by 14.96% to $264.1 million in 2025, then retreated by 11.42% to $234.0 million in 2026.
• Business Quant data shows NNI's Operating Expenses at $234.0 million in Q1 2026, $264.1 million in Q4 2025, and $225.7 million in Q3 2025.