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| Date | Value |
|---|---|
| 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% |