Education Technology Services was Nelnet’s largest product and service line in fiscal 2025, bringing in $171.48M of $587.19M (29%).
| 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 |
Nelnet brought in $587.19M from its 10 product and service lines in fiscal 2025, the year ended December 31, 2025. Nelnet regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $925.73M. Education Technology Services was the largest at $171.48M (29.2%), ahead of Tuition Payment Plan Services at $141.25M (24.1%) and Reinsurance Premiums Earned at $107.50M (18.3%). The other seven lines brought in $166.96M combined.
Compared with fiscal 2024, Software Services grew fastest, up 82.7% to $38.42M, while Solar Construction Revenue fell the most, down 74.6% to $14.37M.
Nelnet began breaking out Private Education & Consumer Loan Servicing in fiscal 2024, when it brought in $63.45M. Nelnet stopped reporting Government Loan Servicing ($380.92M in fiscal 2024) and Payment Processing ($179.04M in fiscal 2024) as separate lines.
Solar Construction Revenue was Nelnet’s largest revenue line in fiscal 2024, bringing in $56.57M of $113.14M (50%).
| 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 |
Nelnet brought in $113.14M from its three revenue lines in fiscal 2024, the year ended December 31, 2024. Solar Construction Revenue was the largest at $56.57M (50.0%), ahead of Commercial Revenue at $53.27M (47.1%) and Residential Revenue at $3.30M (2.9%).
Nelnet (NNI) reports its revenue by product and service and by customer. In fiscal 2025, Education Technology Services was its largest product and service line, bringing in $171.48M (29.2% of the total), followed by Tuition Payment Plan Services at $141.25M (24.1%).
Education Technology Services was Nelnet's largest product and service line in fiscal 2025, bringing in $171.48M, or 29.2% of the $587.19M total across its 10 product and service lines.
Solar Construction Revenue was Nelnet's largest revenue line in fiscal 2024, bringing in $56.57M, or 50.0% of the $113.14M total across its three revenue lines.
Every figure comes from Nelnet's annual financial filings, as reported. Each line keeps the name Nelnet gives it, and years follow its fiscal calendar.
Nelnet's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.