# Nelnet Inc: overview

NNI · NYSE · CIK 1258602 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/nni.md) · [Financials](/companies/nni/financials.md) · [Filings](/companies/nni/filings.md) · [Insiders](/companies/nni/insiders.md)

Latest reported revenue: [$0](/filings/0001258602-18-000021.md) for Q4 FY2017, three months to 2017-12-31, from the 10-K filed Feb 27, 2018 (XBRL us-gaap:Revenues, accession 0001258602-18-000021).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.07](/filings/0001258602-25-000063.md) | not reported | [2.26](/filings/0001258602-26-000033.md) | [4.97](/filings/0001258602-26-000042.md) | [2.94](/filings/0001258602-25-000063.md) | not reported | [1.97](/filings/0001258602-26-000033.md) | [1.85](/filings/0001258602-26-000042.md) |
| Free cash flow | $m | [133 d](/filings/0001258602-25-000063.md) | [163 d](/filings/0001258602-26-000014.md) | [87.8](/filings/0001258602-26-000033.md) | [78.1 d](/filings/0001258602-26-000042.md) | [101 d](/filings/0001258602-25-000063.md) | [130 d](/filings/0001258602-26-000014.md) | [61.6](/filings/0001258602-26-000033.md) | [71.6 d](/filings/0001258602-26-000042.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [10.20](/filings/0001258602-24-000024.md) | [10.82](/filings/0001258602-25-000014.md) | [2.40](/filings/0001258602-26-000014.md) | [5.02](/filings/0001258602-26-000014.md) | [11.79](/filings/0001258602-26-000014.md) |
| Free cash flow | $m | [421](/filings/0001258602-24-000024.md) | [624](/filings/0001258602-25-000014.md) | [358](/filings/0001258602-26-000014.md) | [642](/filings/0001258602-26-000014.md) | [397](/filings/0001258602-26-000014.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nni/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $247.0m | 1,852,273 |  | Added +4,574 |
| [MAGNOLIA GROUP, LLC](/funds/1618376.md) | 2026-06-30 | $169.3m | 1,269,723 |  | Reduced −399,253 |
| [FARMERS & MERCHANTS INVESTMENTS INC](/funds/1259969.md) | 2026-06-30 | $157.2m | 1,179,351 |  | Reduced −5,000 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $155.0m | 1,162,288 |  | Added +184,254 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $92.7m | 695,621 |  | Added +16,226 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $78.0m | 584,970 |  | Added +7,030 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $56.1m | 420,692 |  | Added +84,990 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $52.0m | 389,595 |  | Added +42,907 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $48.7m | 365,440 |  | Added +50,462 |
| [Bragg Financial Advisors, Inc](/funds/1327055.md) | 2026-06-30 | $33.1m | 248,493 |  | Added +21,711 |

## Recent filings

[All 1,076 filings](/companies/nni/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 08:42 ET | [8-K](/filings/0001258602-26-000047.md) | 7.01 Regulation FD disclosure | 0001258602-26-000047 |
| 2026-09-16 | 16:16 ET | [8-K](/filings/0001258602-26-000045.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001258602-26-000045 |
| 2026-08-06 | 16:19 ET | [10-Q](/filings/0001258602-26-000042.md) | Quarterly report, period 2026-06-30 | 0001258602-26-000042 |
| 2026-08-06 | 16:17 ET | [8-K](/filings/0001258602-26-000041.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001258602-26-000041 |
| 2026-07-30 | 08:48 ET | [8-K](/filings/0001258602-26-000037.md) | 7.01 Regulation FD disclosure | 0001258602-26-000037 |
| 2026-06-05 | 17:25 ET | [SCHEDULE 13D/A](/filings/0001398344-26-010479.md) | Ownership report, active investor, amended | 0001398344-26-010479 |
| 2026-05-18 | 16:12 ET | [8-K](/filings/0001258602-26-000035.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001258602-26-000035 |
| 2026-05-07 | 16:23 ET | [10-Q](/filings/0001258602-26-000033.md) | Quarterly report, period 2026-03-31 | 0001258602-26-000033 |
| 2026-05-07 | 16:19 ET | [8-K](/filings/0001258602-26-000032.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001258602-26-000032 |
| 2026-04-30 | 08:47 ET | [8-K](/filings/0001258602-26-000028.md) | 7.01 Regulation FD disclosure | 0001258602-26-000028 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001258602-26-000014.md), filed Feb 26, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1258602
- Tickers: NNI
- Exchange: NYSE
- SIC code: 6141 Personal Credit Institutions
- State of incorporation: NE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 08:44 ET. No prices; not investment advice.