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Friday 6 November 2026
Export NNI’s income statement to Excel — free account
Nelnet, Inc.
Nelnet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 5.49% from fiscal 2024.
- Revenue
- −23.0%
- EPS
- −27.6%
- Free cash flow
- +575.6%
- Total debt
- −13.5%
Quarter to September 2026, against a year earlier
129.35
2.34
+1.84%
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Nelnet, Inc. (NNI) Gross margin
Nelnet, Inc.'s gross margin over the twelve months to 30 June 2026 was 78.3%, up 0.3 percentage points from fiscal 2025 (78.0%). Over the past ten years it has ranged from 58.5% (fiscal 2023) to 88.3% (fiscal 2021); the current reading is higher than 73% of that period. That is in line with the Credit Services industry median of 76.6% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 78.0% | 9.79 |
| FY2024 | 68.2% | 9.73 |
| FY2023 | 58.5% | (19.88) |
| FY2022 | 78.3% | (9.93) |
| FY2021 | 88.3% | 7.34 |
| FY2020 | 80.9% | 20.21 |
| FY2019 | 60.7% | (0.90) |
| FY2018 | 61.6% | (1.16) |
| FY2017 | 62.8% | (7.02) |
| FY2016 | 69.8% | (5.07) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 79.0% | (0.26) |
| Mar 2026 | 79.3% | 2.45 |
| Dec 2025 | 76.8% | (1.17) |
| Sep 2025 | 78.0% | (2.28) |
| 42 more quarters | Free account |
Against its own ten years
Low 58.5%
High 88.3%
Ten-year median
69.8%
Current reading's percentile
76
Gross margin against peers
| Company | Gross margin |
|---|---|
| BFH Bread Financial Holdings, Inc. compare | 100.0% |
| CACC Credit Acceptance Corporation compare | 100.0% |
| OMF OneMain Holdings, Inc. compare | 79.8% |
| NNI Nelnet, Inc. | 78.3% |
| SLM SLM Corporation compare | 62.0% |
| ENVA Enova International, Inc. compare | 60.6% |
| KLAR Klarna Group plc compare | 58.2% |
| FCFS FirstCash Holdings, Inc. compare | 50.2% |
| SEZL Sezzle Inc. compare | 0.00% |
| Credit Services industry median | 76.6% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NNI
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement