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Nelnet (NNI) Operating Expenses (2016 - 2026)

Nelnet has reported Operating Expenses over the past 10 years, most recently at $264.1 million for Q4 2025.

  • Quarterly Operating Expenses rose 14.96% to $264.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $927.1 million through Dec 2025, up 5.0% year-over-year, with the annual reading at $927.1 million for FY2025, 5.0% up from the prior year.
  • Operating Expenses was $264.1 million for Q4 2025 at Nelnet, up from $225.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $264.1 million in Q4 2025 and troughed at $171.8 million in Q2 2021.
  • The 5-year median for Operating Expenses is $214.4 million (2023), against an average of $213.2 million.
  • Year-over-year, Operating Expenses grew 19.22% in 2022 and then dropped 11.13% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $199.3 million in 2021, then increased by 11.49% to $222.1 million in 2022, then rose by 16.38% to $258.5 million in 2023, then dropped by 11.13% to $229.8 million in 2024, then increased by 14.96% to $264.1 million in 2025.
  • Per Business Quant, the three most recent readings for NNI's Operating Expenses are $264.1 million (Q4 2025), $225.7 million (Q3 2025), and $219.3 million (Q2 2025).