Nelnet (NNI) Tax Rate (2010 - 2026)

Nelnet (NNI) reported Tax Rate of 26.51% for Q1 2026, up 295.0% year-over-year from 6.71% in Q1 2025, and up 59.87% quarter-over-quarter from 16.59% in Q4 2025.

Nelnet (NNI) Tax Rate (2010 - 2026) Analysis & Trends

Nelnet (NNI) has 17 years of Tax Rate data on file, last reported at 26.51% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 26.51%, up 295.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.81% (up 218.0% YoY), and the FY2025 annual result was 24.32%, up 128.0% from the prior year.
  • Tax Rate advanced to 26.51% in Q1 2026 per NNI's latest filing, from 16.59% in the prior quarter.
  • Over five years, Tax Rate peaked at 37.14% in Q2 2023 and troughed at 12.69% in Q3 2024.
  • A 5-year average of 23.32% and a median of 23.56% in 2025 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 1363 bps in 2023, then slumped 1189 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 20.66% in 2022, then advanced by 16 bps to 24.04% in 2023, then fell by 20 bps to 19.14% in 2024, then retreated by 13 bps to 16.59% in 2025, then surged by 60 bps to 26.51% in 2026.
  • Business Quant data shows NNI's Tax Rate at 26.51% in Q1 2026, 16.59% in Q4 2025, and 26.22% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Visa 541.66 Bn 529.25 Bn - 16.07%
2 Mastercard 437.55 Bn 427.34 Bn - 19.33%
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn 21.36%
4 Capital One Financial 112.47 Bn 35.97 Bn - 19.19%
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn 20.10%
6 Synchrony Financial 24.26 Bn 3.70 Bn - 23.11%
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn 4.19%
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn 16.45%
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn 20.25%
10 Nelnet 4.66 Bn 4.29 Bn 4.07 Mn 26.51%

Historic Data

Download Data
DateValue
Mar 31, 2026 26.51%
Mar 31, 2026 26.51%
Dec 31, 2025 16.59%
Dec 31, 2025 16.59%
Sep 30, 2025 26.22%
Sep 30, 2025 26.22%
Jun 30, 2025 25.07%
Jun 30, 2025 25.07%
Mar 31, 2025 23.56%
Mar 31, 2025 23.56%
Dec 31, 2024 19.14%
Dec 31, 2024 19.14%
Sep 30, 2024 12.69%
Sep 30, 2024 12.69%
Jun 30, 2024 25.25%
Jun 30, 2024 25.25%
Mar 31, 2024 24.68%
Mar 31, 2024 24.68%
Dec 31, 2023 24.04%
Dec 31, 2023 24.04%