Education Technology Services was the largest of Nelnet Inc’s 10 reported lines in fiscal 2025, at $171.48M — 29% of $587.19M.
| Product and Service | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Government Loan Servicing | — | $380.92M | — | |||||||||||||||||
| Payment Processing | — | $179.04M | — | |||||||||||||||||
| Education Technology Services | $170.75M | — | $171.48M | |||||||||||||||||
| Loan Servicing & Systems Revenue | — | — | — | |||||||||||||||||
| Loan Servicing & Systems | — | — | — | |||||||||||||||||
| Government Servicing - Nelnet | — | — | — | |||||||||||||||||
| Tuition Payment Plan Services | $125.33M | $135.85M | $141.25M | |||||||||||||||||
| Private Education & Consumer Loan Servicing | — | $63.45M | $94.47M | |||||||||||||||||
| Communication Revenue, Service Offering | — | — | — | |||||||||||||||||
| Reinsurance Premiums Earned | $20.07M | $62.92M | $107.50M | |||||||||||||||||
| Education Technology Services & Payment Processing Services | — | — | — | |||||||||||||||||
| Internet | — | — | — | |||||||||||||||||
| Solar Construction Revenue | $31.67M | $56.57M | $14.37M | |||||||||||||||||
| Software Services | $29.21M | $21.03M | $38.42M | |||||||||||||||||
| Television | — | — | — | |||||||||||||||||
| Ffelp Loan Servicing | $13.70M | $12.21M | $8.88M | |||||||||||||||||
| Telephone | — | — | — | |||||||||||||||||
| Communications Revenue | — | — | — | |||||||||||||||||
| Outsourced Services | $13.58M | $4.79M | $3.35M | |||||||||||||||||
| Investment Advisory Services (Wrcm) | $6.76M | $5.93M | $6.37M | |||||||||||||||||
| Other | $3.37M | $3.00M | $1.11M | |||||||||||||||||
| Other Communication Revenue | — | — | — | |||||||||||||||||
| Total | $414.44M | $925.73M | $587.19M |
In fiscal 2025, which ended December 31, 2025, the 10 revenue lines Nelnet Inc reported in this breakdown added up to $587.19M. The revenue lines reported changed from fiscal 2024, so the total is not directly comparable with the $925.73M reported that year. Education Technology Services was the largest revenue line, at $171.48M or 29.2% of the total, followed by Tuition Payment Plan Services ($141.25M, 24.1%) and Reinsurance Premiums Earned ($107.50M, 18.3%). Together, the two largest revenue lines made up 53.3% of this total.
Compared with fiscal 2024, Software Services grew the fastest, rising 82.7% to $38.42M. Solar Construction Revenue fell the most, down 74.6% to $14.37M. Because revenue lines were added or dropped between the two years, part of this reflects how Nelnet Inc regrouped its reporting.
Private Education & Consumer Loan Servicing was first reported as a separate revenue line in fiscal 2024. The table also keeps 12 revenue lines that Nelnet Inc no longer reports, so earlier years can still be read on their original basis; use "Show 12 discontinued" beneath the table to see them. This breakdown covers 20 fiscal years between 2016 and 2025, as reported in Nelnet Inc's annual filings.
Solar Construction Revenue was the largest of Nelnet Inc’s 3 reported lines in fiscal 2024, at $56.57M — 50% of $113.14M.
| Customer | FY 2020 | FY 2024 |
|---|---|---|
| Communications Revenue, Customer | — | |
| Solar Construction Revenue | $56.57M | |
| Commercial Revenue | $53.27M | |
| Business Revenue | — | |
| Residential Revenue | $3.30M | |
| Other Customer Revenue | — | |
| Total | $113.14M |
In fiscal 2024, which ended December 31, 2024, the 3 revenue lines Nelnet Inc reported in this breakdown added up to $113.14M. Solar Construction Revenue was the largest revenue line, at $56.57M or 50.0% of the total, followed by Commercial Revenue ($53.27M, 47.1%) and Residential Revenue ($3.30M, 2.9%). Together, the two largest revenue lines made up 97.1% of this total.
The table also keeps 3 revenue lines that Nelnet Inc no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 2 fiscal years between 2020 and 2024, as reported in Nelnet Inc's annual filings.
Nelnet Inc (NNI) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Education Technology Services, with $171.48M or 29.2% of the total, followed by Tuition Payment Plan Services at $141.25M (24.1%).
Education Technology Services was Nelnet Inc's largest revenue line in fiscal 2025, with $171.48M in revenue, 29.2% of the $587.19M reported across its 10 revenue lines.
Every figure is taken from Nelnet Inc's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2016 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.