Nelnet, Inc. Class A (NNI)

Nelnet reported its fourth-quarter 2025 results on February 26, 2026, with GAAP net income of $57.8 million. On November 6, 2025, Nelnet reported GAAP net income of $106.7 million for the third quarter of 2025. In October 2025, Nelnet Canada, Inc. announced an agreement to acquire Finastra's Canadian student loan servicing business. On April 2, 2026, Nelnet, Inc. entered into a new $435 million unsecured line of credit, maturing on March 31, 2031. As of April 10, 2026, NNI was up 1.20% over the past 30 days and 23.93% over the past 12 months.

The Education Technology Services and Payments segment of Nelnet, Inc. is subject to seasonal fluctuations.

Nelnet, Inc. is a diversified financial services company primarily focused on the education sector, with operations extending into technology, payments, and asset management. The company operates within the financial services sector, specifically in the credit services industry. Nelnet's business activities are structured across four main segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment provides comprehensive support for student and consumer loans. The Education Technology Services and Payments segment offers financial management services, school information system software, a donation platform, education technology solutions, customized professional development, coaching, and advanced learning and educational instruction services. The Asset Generation and Management segment focuses on the acquisition and management of student and other loan assets, including investment interests. Nelnet Bank operates as an internet industrial bank, focusing on private education and unsecured consumer loan markets. Nelnet also engages in investment advisory, investment, and reinsurance services, real estate investment and development, and renewable energy development, including solar engineering, procurement, and construction businesses, and holds a stake in Allo Fiber.

Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide. The company is headquartered in Lincoln, Nebraska, U.S. Its subsidiaries administer and collect student loans across the United States and Canada. Nelnet Business Services also expanded its FACTS platform to Australia, serving a significant portion of higher education institutions there, and its higher education business, Nelnet Campus Commerce, serves over 900 institutions in the U.S.

Nelnet's brand reputation in the past year has been impacted by ongoing issues related to a past data breach and customer service concerns. In January 2026, Nelnet agreed to a $10 million class action settlement to resolve claims regarding a data breach publicly announced on August 26, 2022. A January 2024 survey revealed common complaints from Nelnet customers, including poor customer service and incorrect payment calculations and processing.

Nelnet, Inc. has a mixed ownership structure comprising institutional, insider, and individual investors. Approximately 14.03% to 36.51% of the company's stock is owned by Institutional Investors, while insiders hold about 52.54%. Public companies and individual investors own between 10.40% and 10.95%. Major institutional owners include Dimensional Fund Advisors Lp, Magnolia Group, Llc, Vanguard Group Inc, Farmers & Merchants Investments Inc, BlackRock, Inc., Geode Capital Management, Llc, State Street Corp, American Century Companies Inc, General American Investors Co Inc and Empyrean Capital Partners, LP. Michael Dunlap is noted as owning the most shares of Nelnet, Inc.