Nelnet, Inc. engages in loan servicing, communications, and education technology, services, and payment processing businesses worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; assistance with financial needs assessment; school information system software that automates administrative processes; professional development and educational instruction services; and technology products that aid in teacher and student evaluations. It also offers technology and payments services, including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software; and mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Its Communications segment fiber optic service to homes and businesses for internet, television, and telephone services. Its data services include high-speed internet access; and telephone services comprise local and long distance telephone, hostedPBX, and other services. Its Asset Generation and Management segment acquires, manages, and owns loan assets. It also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
IPO Year: 2003
Exchange: NYSE
Website: nelnet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2023 | $95.00 | Market Perform | TD Cowen |
| 3/2/2022 | $96.00 → $92.00 | Neutral | Credit Suisse |
| 1/13/2022 | $92.00 → $96.00 | Outperform → Neutral | Credit Suisse |
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TD Cowen initiated coverage of Nelnet with a rating of Market Perform and set a new price target of $95.00
Credit Suisse reiterated coverage of Nelnet with a rating of Neutral and set a new price target of $92.00 from $96.00 previously
Credit Suisse downgraded Nelnet from Outperform to Neutral and set a new price target of $96.00 from $92.00 previously
Live finance-specific insights
LINCOLN, Neb., Aug. 6, 2025 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $181.5 million, or $4.97 per share, for the second quarter of 2025, compared with GAAP net income of $45.1 million, or $1.23 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $184.4 million, or $5.05 per share, for the second quarter of 2025, compared with $43.9 million, or $1.20 per share, for the same period in 2024. Included in the operating results for the second quarter of 2025 is a gain of $175.0 million ($133.0 million after tax, or $3.65 per share) related to the previously disclosed partial redemption of Nelnet's investment in ALLO
LINCOLN, Neb., May 8, 2025 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $82.6 million, or $2.26 per share, for the first quarter of 2025, compared with GAAP net income of $73.4 million, or $1.98 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $87.4 million, or $2.39 per share, for the first quarter of 2025, compared with $67.4 million, or $1.81 per share, for the same period in 2024. "We're pleased with Nelnet's strong operating results to kick off 2025," said Jeff Noordhoek, chief executive officer of Nelnet. "In a challenging and uncertain economic environment, all our core businesses are performing well and
LINCOLN, Neb., Jan. 30, 2025 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on Friday, March 14, 2025, to shareholders of record at the close of business on Friday, Feb. 28, 2025. The company also announced it will release earnings for the fourth quarter and year ended December 31, 2024, after the close of the New York Stock Exchange on Thursday, February 27, 2025. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www
LINCOLN, Neb., Nov. 7, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $2.4 million, or $0.07 per share, for the third quarter of 2024, compared with GAAP net income of $44.4 million, or $1.18 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $12.4 million, or $0.34 per share, for the third quarter of 2024, compared with $42.0 million, or $1.12 per share, for the same period in 2023. The third quarter 2024 operating results included the following items. A non-cash provision expense of $29.0 million ($22.0 million after tax, or $0.60 per share) related to the company's ownership of beneficial interest in loan s
LINCOLN, Neb., Aug. 8, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $45.1 million, or $1.23 per share, for the second quarter of 2024, compared with GAAP net income of $27.4 million, or $0.73 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $43.9 million, or $1.20 per share, for the second quarter of 2024, compared with $25.9 million, or $0.69 per share, for the same period in 2023. "The operating results and cash generation from our businesses continue to be strong in 2024," said Jeff Noordhoek, chief executive officer of Nelnet. "We are excited about our current and future opportunities, always with a c
LINCOLN, Neb., May 9, 2024 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024, compared with GAAP net income of $26.5 million, or $0.71 per share, for the same period a year ago. Net income, excluding derivative market value adjustments[1], was $67.2 million, or $1.81 per share, for the first quarter of 2024, compared with $54.9 million, or $1.47 per share, for the same period in 2023. "We are extremely pleased with the results of the first quarter," said Jeff Noordhoek, chief executive officer of Nelnet. "Our core businesses performed well in an uncertain environment. We continue to look for market opportunit
LINCOLN, Neb., Feb. 1, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on Friday, March 15, 2024, to shareholders of record at the close of business on Friday, March 1, 2024. The company also announced it will release earnings for the fourth quarter and year ended December 31, 2023, after the close of the New York Stock Exchange on Tuesday, February 27, 2024. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.n
LINCOLN, Neb., Aug. 7, 2023 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023, compared with GAAP net income of $85.1 million, or $2.26 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $26.7 million, or $0.71 per share, for the second quarter of 2023, compared with $54.4 million, or $1.44 per share, for the same period in 2022. In April 2023, the company redeemed certain loan asset-backed debt securities (bonds and notes payable) prior to their maturity. The remaining unamortized debt discount associated with these bonds at the time of redemption was w
LINCOLN, Neb., May 8, 2023 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023, compared with GAAP net income of $186.6 million, or $4.91 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $54.9 million, or $1.47 per share, for the first quarter of 2023, compared with $75.9 million, or $1.99 per share, for the same period in 2022. "The results of the first quarter positions Nelnet for a bright future," said Jeff Noordhoek, chief executive officer of Nelnet. "We believe Nelnet has the financial strength and liquidity to continue investing in our core busines
LINCOLN, Neb., Feb. 1, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.26 per share. The dividend will be paid on Wednesday, March 15, 2023, to shareholders of record at the close of business on Wednesday, March 1, 2023. The company also announced it will release earnings for the fourth quarter and year ended December 31, 2022, after the close of the New York Stock Exchange on Tuesday, February 28, 2023. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at
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LINCOLN, Neb., Aug. 12, 2025 /PRNewswire/ -- Today's students expect timely, personalized communication, and campus teams deserve tools to make that possible. That's why Nelnet Campus Commerce launched Notify, a new communication platform designed to simplify outreach, strengthen relationships and improve the billing and payment process through smarter, more intentional messaging. Built with automation and real-time syncing, Notify reduces manual work and ensures every message is timely, accurate and relevant. Whether it's a payment reminder or a registration deadline, Notify helps schools deliver the right message at the right time without the stress. "Campus communication can be overwhelm
LINCOLN, Neb., Aug. 6, 2025 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $181.5 million, or $4.97 per share, for the second quarter of 2025, compared with GAAP net income of $45.1 million, or $1.23 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $184.4 million, or $5.05 per share, for the second quarter of 2025, compared with $43.9 million, or $1.20 per share, for the same period in 2024. Included in the operating results for the second quarter of 2025 is a gain of $175.0 million ($133.0 million after tax, or $3.65 per share) related to the previously disclosed partial redemption of Nelnet's investment in ALLO
LINCOLN, Neb., July 24, 2025 /PRNewswire/ -- Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), announces the launch of a new company, Propelr, a learning platform that empowers human resources, training and compliance leaders to enhance training and boost retention from day one. Backed by Nelnet's decades of experience in education technology, Propelr goes beyond tracking training completion. It equips companies with a scalable, engaging and efficient way to deliver onboarding, compliance training, professional development and customer education. "Effective employee education is critical for business success," said Scott Spethman, president of Propelr. "We're leveraging prov
LINCOLN, Neb., July 14, 2025 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced it will release earnings for the second quarter ended June 30, 2025, after the close of the New York Stock Exchange on Wednesday, August 6, 2025. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.nelnetinc.com. View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-second-quarter-results-302504622.html SOURCE Nelnet, Inc.
New solar project with partners Onyx Renewables, Sol Systems, and Nelnet Renewable Energy to meet 85% of Toyota Boshoku Illinois' energy needs while supporting local jobs and ecosystems LAWRENCEVILLE, Ill., May 29, 2025 /PRNewswire/ -- Toyota Boshoku America (TBA), Onyx Renewables, and key project partners gathered today for a ribbon-cutting ceremony to celebrate the completion of a 5.7-megawatt solar project that will fulfill 85% of electricity needs at TBA's Illinois plant with clean, affordable energy. The event featured remarks from the president of TBA, the local chamber of commerce, and representatives from project owner and operator Onyx Renewables as well as project partners Sol Syst
LINCOLN, Neb., May 8, 2025 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $82.6 million, or $2.26 per share, for the first quarter of 2025, compared with GAAP net income of $73.4 million, or $1.98 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $87.4 million, or $2.39 per share, for the first quarter of 2025, compared with $67.4 million, or $1.81 per share, for the same period in 2024. "We're pleased with Nelnet's strong operating results to kick off 2025," said Jeff Noordhoek, chief executive officer of Nelnet. "In a challenging and uncertain economic environment, all our core businesses are performing well and
Edge Focus, a fast-growing private credit firm focused on consumer assets, today announced the successful closing of its inaugural asset-backed securities (ABS) transaction EDGEX 2025-1NN, securing funding for $150 million in collateral. The deal marks a major milestone in the company's capital markets strategy and establishes the foundation for its ABS issuance program, EDGEX. The transaction was led by CRB Securities who structured the transaction, with Nelnet Bank, a wholly owned subsidiary of Nelnet, Inc (NYSE:NNI, "Nelnet")), serving as co-sponsor. The offering featured two unrated senior notes that were placed with major institutional investors, reflecting strong demand for Edge Focu
LINCOLN, Neb., April 15, 2025 /PRNewswire/ -- Nelnet, Inc. (NYSE:NNI) today announced it will release earnings for the first quarter ended March 31, 2025, after the close of the New York Stock Exchange on Thursday, May 8, 2025. Upon release, additional earnings information will be available at www.nelnetinvestors.com. Learn more about Nelnet at www.nelnetinc.com. View original content:https://www.prnewswire.com/news-releases/nelnet-to-announce-first-quarter-results-302429346.html SOURCE Nelnet, Inc.
LINCOLN, Neb., April 14, 2025 /PRNewswire/ -- Nelnet Business Services, a division of Nelnet, Inc. (NYSE:NNI), has acquired the outstanding equity and membership interests to become the sole owner of Next Gen Web Solutions (Next Gen), a longtime provider of software solutions within the higher education market. As a result of the acquisition, Next Gen, headquartered in Jacksonville, FL, will be structured within the Nelnet Campus Commerce business line of Nelnet Business Services, under the leadership of Nelnet Campus Commerce President Jackie Strohbehn. "The acquisition of Next Gen and its incorporation into Nelnet Campus Commerce supports our focus on diversifying revenue streams while br
LINCOLN, Neb., Feb. 27, 2025 /PRNewswire/ -- Nelnet (NYSE:NNI) today reported GAAP net income of $63.2 million, or $1.73 per share, for the fourth quarter of 2024, compared with a GAAP net loss of $7.9 million, or $0.21 per share, for the same period a year ago. Net income, excluding derivative market value adjustments1, was $52.7 million, or $1.44 per share, for the fourth quarter of 2024, compared with a net loss of $0.7 million, or $0.02 per share, for the same period in 2023. "We are pleased with the results in the fourth quarter of 2024 and optimistic about the opportunities ahead in 2025," said Jeff Noordhoek, chief executive officer of Nelnet. "This past year was a record-breaking on
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Live Leadership Updates
Boston Omaha Corporation (NYSE:BOC) ("Boston Omaha" or the "Company") today announced the appointment of David S. Graff to the Boston Omaha Corporation Board of Directors, effective immediately. Mr. Graff will serve as Chair of the Audit Committee and a member of the Compensation Committee. "We are thrilled to welcome David Graff as a member of the Board of Directors of Boston Omaha," said Adam K. Peterson, chairman and chief executive officer of Boston Omaha. "David's has tremendous experience from his founding and growing Hudl over the past 19 years." Hudl provides online video analysis and coaching tools software for professional, college, high school, club, and youth teams and athlete
LINCOLN, Neb., June 1, 2022 /PRNewswire/ -- FACTS, a division of Nelnet, Inc. (NYSE:NNI), today announced the appointment of Dan Hughes as national sales director, K–12, effective June 1. Hughes most recently served as FACTS' regional director, east region. "Dan is a true champion for FACTS' mission and has years of first-hand knowledge of the K–12 market in which we operate. He has a strong vision for the future of FACTS and the leadership skills necessary to help his team reach new heights, which makes him an ideal fit for this role," said Scott Spethman, president of FACTS. Hughes has over 20 years of K–12 sales experience, serving as national sales director at Tuition Management Systems
LINCOLN, Neb., March 17, 2022 /PRNewswire/ -- Nelnet (NYSE:NNI) announced today that its board of directors has been expanded to 10 members and enhanced with the appointments of Jona Van Deun, Adam Peterson, and Matthew Dunlap. "We are proud to add three new members to our board of directors," said Mike Dunlap, executive chairman of Nelnet. "Jona, Adam, and Matthew each bring fresh perspectives, their own areas of expertise, and a commitment to Nelnet's values, goals, and services." With an extensive background in politics and public affairs, Van Deun formerly served as the vice president of small business coalitions and engagement for the United States Chamber of Commerce and the director o
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