Nelnet Inc
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 122.20 $ to 144.20 $ · Last price: 126.10 $ (As of: September 18, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Credit Services
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Nelnet Inc NNI | 4.5 | 11.1 | 0.0 | 86.1 | 21.4 | 22.6 | 2.2 |
| Visa Inc. Class A V | 696.4 | 33.0 | 24.3 | 97.7 | 67.4 | 11.3 | 9.8 |
| Mastercard Inc MA | 500.2 | 33.8 | 23.1 | 100.0 | 60.8 | 16.4 | -3.0 |
| American Express Company AXP | 213.4 | 19.5 | 0.0 | 62.3 | 21.3 | 8.4 | -7.8 |
| Capital One Financial Corporation COF | 124.7 | 62.3 | 0.0 | 100.0 | 28.6 | 28.4 | -10.5 |
| PayPal Holdings Inc PYPL | 45.2 | 10.0 | 6.6 | 40.5 | 17.0 | 4.3 | -22.7 |
| Synchrony Financial SYF | 25.5 | 7.8 | 0.0 | 100.0 | 48.0 | -7.9 | -0.3 |
| Affirm Holdings Inc AFRM | 24.0 | 64.6 | 25.7 | 48.9 | 8.5 | 38.8 | -22.3 |
| SoFi Technologies Inc. SOFI | 21.4 | 36.3 | 0.0 | 83.7 | 18.3 | 82.6 | -38.4 |
| Median of companies shown | 45.2 | 33.0 | 0.0 | 86.1 | 21.4 | 16.4 | -7.8 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 1,194 | 399 | 257 | 6.02 | 325 | 2,062 | 27,180 |
| 2017 | 1,178 | 227 | 173 | 4.14 | 228 | 2,150 | 23,964 |
| 2018 | 1,680 | 286 | 228 | 5.57 | 271 | 2,315 | 25,221 |
| 2019 | 1,678 | 177 | 142 | 3.59 | 299 | 2,391 | 23,709 |
| 2020 | 1,373 | 450 | 352 | 9.15 | 213 | 2,628 | 22,646 |
| 2021 | 1,418 | 502 | 393 | 10.37 | 545 | 2,953 | 21,678 |
| 2022 | 1,817 | 502 | 407 | 10.82 | 684 | 3,200 | 19,374 |
| 2023 | 1,814 | 69 | 90 | 2.40 | 432 | 3,254 | 16,712 |
| 2024 | 1,847 | 229 | 184 | 5.02 | 663 | 3,350 | 13,778 |
| 2025 | 2,263 | 1,145 | 428 | 11.79 | 423 | 3,686 | 14,064 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.73 | – | 434 | 1.10 | 14.50 | 181 | 198 |
| 2025: Q1 | 2.26 | 14.60 | 466 | -9.80 | 17.70 | 91 | 88 |
| 2025: Q2 | 4.97 | 302.90 | 613 | 34.70 | 29.60 | 82 | 78 |
| 2025: Q3 | 2.94 | 4,381.50 | 495 | 13.80 | 21.60 | 112 | 101 |
| 2025: Q4 | 1.59 | -8.20 | 504 | 16.10 | 11.50 | 138 | 130 |
| 2026: Q1 | 1.97 | -12.90 | 526 | 12.70 | 13.50 | 73 | 62 |
| 2026: Q2 | 1.85 | -62.80 | – | – | – | 78 | 72 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 6 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Quality & Balance Sheet
Momentum & Trend
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 7.50 | 7.50 – 7.50 | 1,668 | -31.7% | 1 |
| 12/31/2027 | 8.60 | 8.60 – 8.60 | 1,774 | 17.1% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 1.2% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $364.0M |
|---|---|
| Market cap | $4.54B |
| Free cash flow in year ten | $410.9M |
| Terminal value as a share of market value | 47.7% |
For comparison: over the past five years free cash flow grew by 31.9% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Geprüft am 10.07.2026 gegen den Geschäftsbericht (10-K) Geschäftsjahr 2025 (eingereicht 26.02.2026), den jüngsten Quartalsbericht (10-Q) per 31.03.2026 sowie die DEF 14A 2026: Nelnet setzt künstliche Intelligenz nachweisbar operativ ein, verkauft sie aber nicht als eigenes Produkt. Im 10-K 2025 (Item 1A Risk Factors) beschreibt der Konzern konkret, KI in Teile des Geschäfts eingebaut zu haben — Kundenanfragen, Qualitätssicherung, Texterkennung (OCR) und Überwachung des Netzwerkverkehrs — und dass dies die operative Effizienz spürbar erhöht habe. Das erfüllt das Kriterium „nutzt KI“ (operativer Einsatz zur Effizienz, keine KI-Umsatzquelle). Kein KI-Produkt ist eine belegte Umsatzquelle: Die Bildungstechnik-/Payment-Sparte (Nelnet Business Services) und die Kreditverwaltung sind Software-/Dienstleistungsgeschäfte, in denen KI als Werkzeug (u. a. eine Lehrer-Coaching-Funktion, die per Video und KI Fortschritt misst) auftaucht, aber nicht als verkauftes KI-Produkt firmiert — damit greift „verkauft KI“ nicht (Vorrang-Regel: verkauft > bedroht > nutzt). KI-Beteiligungen im Venture-Portfolio machen Nelnet nicht zum KI-Verkäufer. Ein konkretes existenzielles KI-Geschäftsrisiko fürs eigene Modell wird nicht als solches ausgewiesen (die genannten KI-Risiken sind Wettbewerbs-, Reputations- und Cyber-Risiken) — „bedroht“ trifft nicht zu. Ergebnis nach Kriterienkatalog: nutzt KI.
View the full file — quotes, sources, reviewed filings
„Our development and deployment of artificial intelligence (AI) technologies has improved operational performance but these advancements also present risks that could result in reputational or competitive harm, legal liability, regulatory scrutiny, and other adverse effects on our business."
Die Entwicklung und der Einsatz von Technologien der künstlichen Intelligenz (KI) haben unsere operative Leistung verbessert, doch diese Fortschritte bringen zugleich Risiken mit sich, die zu Reputations- oder Wettbewerbsschäden, rechtlicher Haftung, regulatorischer Prüfung und anderen nachteiligen Auswirkungen auf unser Geschäft führen können.
10-K · 2026-02-26 · View SEC filing
„We have incorporated AI into certain aspects of our business, including assistance with handling customer inquiries, quality assurance monitoring, optical character recognition for processing and handling images, and monitoring network traffic. These advancements have significantly enhanced the efficiency and effectiveness of our operational processes."
Wir haben KI in bestimmte Bereiche unseres Geschäfts eingebunden — unter anderem zur Unterstützung bei der Bearbeitung von Kundenanfragen, zur Qualitätssicherung, zur Texterkennung (OCR) für die Verarbeitung von Bildern und zur Überwachung des Netzwerkverkehrs. Diese Fortschritte haben die Effizienz und Wirksamkeit unserer betrieblichen Abläufe deutlich erhöht.
10-K · 2026-02-26 · View SEC filing
Filings Reviewed: 10-Q 2026-05-07 · 10-Q 2025-11-06 · 10-Q 2025-08-06 · 10-Q 2025-05-08 · 10-K 2026-02-26 · 10-K 2025-02-27
Rated on July 10, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 7.6%
- More than 10% revenue growth is expected for the coming year 6.1%
- Share count grows by less than 3% a year -1.1%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 40.1%
- Gross margin at 40% or higher and without meaningful erosion 87.0%
- Goodwill from acquisitions does not grow faster than revenue 1.3%
- Net debt below twice EBITDA 6.5 x EBITDA
- Operating cash flow covers the profits of the last three years 816 m
- Return on capital at 15% or higher, or up versus two years ago 8.1%
- Insiders hold at least 10% or are net buyers 30.7%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 7.4%
- Exp. sales growth 3Y > 5% -11.5%
- EBIT growth 10Y > 5% 12.4%
- Exp. EBIT growth 3Y > 5% -14.6%
- Net debt < 4x EBIT 6.0x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 86.3%
- Return on equity > 15% 12.9%
- ROCE > 15% 8.1%
- Expected return > 10% -7.1%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Farrell Kathleen Anne | Director | Other | 185 | 108.37 | 20,048 |
| Sep 15, 2026 | Graff David S | Director | Other | 93 | 108.37 | 10,078 |
| Sep 15, 2026 | Pallesen Edward Sysel | Director | Other | 1,046 | 108.37 | 113,355 |
| Sep 15, 2026 | Klein Angie J | Director | Other | 1,108 | 108.37 | 120,074 |
The company
About the Company
Nelnet, Inc. befasst sich weltweit mit Kreditverwaltung, Bildungstechnologiediensten und Zahlungsgeschäften.
- Employees
- 5,744
- Headquarters
- Lincoln, NE
- Address
- 121 South 13th Street, 68508 Lincoln, United States
- Phone
- 402 458 2370
- Website
- nelnet.com
- IPO Date
- 12/11/2003
- ISIN
- US64031N1081
Management
| Name | Title | Birth Year |
|---|---|---|
| Michael Sullivan Dunlap J.D. | Executive Chairman of the Board | 1963 |
| Jeffrey R. Noordhoek | Chief Executive Officer | 1966 |
| James D. Kruger CPA | Chief Financial Officer | 1963 |
| Terry J. Heimes | Chief Operating Officer | 1964 |
| Matthew W. Dunlap | Chief Business Development Officer, President of Nelnet Financial Services & Director | 1989 |
| Deeann K. Wenger | President of Nelnet Business Services | 1971 |
| Phil Morgan | Director of Investor Relations | – |
| William J. Munn J.D. | Corporate Secretary, Chief Governance Officer & General Counsel | 1968 |
| Emily R. Olinger | Chief People Services Officer | 1983 |
| Jackie Strohbehn | President of Nelnet Campus Commerce | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/16/2026 NELNET INC (NNI): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/06/2026 NELNET INC (NNI): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/30/2026 NELNET INC (NNI): Regulation FD Disclosure SEC ↗
Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.