Nelnet (NNI) Operating Income (2017 - 2026)

Nelnet (NNI) reported Operating Income of -$229.9 million for Q1 2026, up 16.55% year-over-year from -$197.3 million in Q1 2025, and up 27.51% quarter-over-quarter from -$317.2 million in Q4 2025.

Nelnet (NNI) Operating Income (2017 - 2026) Analysis & Trends

Nelnet (NNI) has 10 years of Operating Income data on file, last reported at -$229.9 million in Q1 2026.

  • Operating Income for Q1 2026 came in at -$229.9 million, up 16.55% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.1 billion (up 2.51% YoY), and the FY2025 annual result was -$1.2 billion, down 1.59% from the prior year.
  • Operating Income improved to -$229.9 million in Q1 2026 per NNI's latest filing, from -$317.2 million in the prior quarter.
  • Over five years, Operating Income peaked at -$102.6 million in Q2 2022 and troughed at -$317.2 million in Q4 2025.
  • A 5-year average of -$245.0 million and a median of -$259.6 million in 2023 frame the typical range for Operating Income.
  • On a YoY basis, Operating Income climbed as much as 47.44% in 2023 and fell as far as 150.06% in 2023.
  • A 5-year view of Operating Income shows it stood at -$250.9 million in 2022, then fell by 19.68% to -$300.3 million in 2023, then gained by 0.61% to -$298.5 million in 2024, then declined by 6.26% to -$317.2 million in 2025, then gained by 27.51% to -$229.9 million in 2026.
  • Business Quant data shows NNI's Operating Income at -$229.9 million in Q1 2026, -$317.2 million in Q4 2025, and -$280.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 7.23 Bn
2 Mastercard 437.55 Bn 427.34 Bn - 4.91 Bn
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 3.55 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn - -
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 1.49 Bn
6 Synchrony Financial 24.26 Bn 3.70 Bn - -
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 88.43 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 37.32 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 746.00 Mn
10 Nelnet 4.66 Bn 4.29 Bn 4.07 Mn -229.91 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -229.91 Mn
Dec 31, 2025 -317.18 Mn
Sep 30, 2025 -279.99 Mn
Jun 30, 2025 -275.03 Mn
Mar 31, 2025 -275.51 Mn
Dec 31, 2024 -298.49 Mn
Sep 30, 2024 -293.58 Mn
Jun 30, 2024 -262.86 Mn
Mar 31, 2024 -136.79 Mn
Dec 31, 2023 -300.33 Mn
Sep 30, 2023 -259.59 Mn
Jun 30, 2023 -256.48 Mn
Mar 31, 2023 -126.90 Mn
Dec 31, 2022 -250.94 Mn
Sep 30, 2022 -257.07 Mn
Jun 30, 2022 -102.57 Mn
Mar 31, 2022 -241.41 Mn
Dec 31, 2021 -227.85 Mn
Sep 30, 2021 -190.34 Mn
Jun 30, 2021 -193.47 Mn