Nelnet, Inc.
Nelnet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 5.49% from fiscal 2024. In the quarter to June 2026, revenue fell 23.0%, EPS fell 62.8%, free cash flow fell 52.3% and total debt fell 10.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.
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Nelnet, Inc. (NNI) P/E ratio
As of 16 October 2026, Nelnet, Inc. (NNI) trades at a P/E ratio of 15.3×. Over the past ten years it has ranged from 4.9× (January 2016) to 41.1× (November 2024); the current reading is higher than 69% of that period. That is above the Credit Services industry median of 9.4× and above the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 11.3× | (47.12%) |
| FY2024 | 21.4× | (40.70%) |
| FY2023 | 36.0× | 332.58% |
| FY2022 | 8.3× | (13.04%) |
| FY2021 | 9.6× | 23.13% |
| FY2020 | 7.8× | (52.86%) |
| FY2019 | 16.5× | 75.58% |
| FY2018 | 9.4× | (28.85%) |
| FY2017 | 13.2× | 54.30% |
| FY2016 | 8.6× | 50.19% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 15.9× | 41.97% |
| Mar 2026 | 11.2× | (0.56%) |
| Dec 2025 | 11.3× | 7.22% |
| Sep 2025 | 10.5× | (21.45%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| KLAR Klarna Group plc compare | n/m |
| SLM SLM Corporation compare | 6.0× |
| BFH Bread Financial Holdings, Inc. compare | 7.9× |
| OMF OneMain Holdings, Inc. compare | 8.4× |
| CACC Credit Acceptance Corporation compare | 11.7× |
| ENVA Enova International, Inc. compare | 12.4× |
| NNI Nelnet, Inc. | 15.3× |
| SEZL Sezzle Inc. compare | 27.0× |
| UPST Upstart Holdings, Inc. compare | 38.0× |
| Credit Services industry median | 9.4× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)