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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
128.92
1.91
+1.50%
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Nelnet, Inc. (NNI) Shares outstanding
Nelnet, Inc.'s shares outstanding at the end of fiscal 2025 was $36.3M, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $35.8M. Over the past ten years it has ranged from $36.3M (fiscal 2025) to $45.5M (fiscal 2015) — the current reading is the lowest in ten years. Nelnet, Inc. ranks 34th of 53 Credit Services companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $36.3M | (0.82%) |
| FY2024 | $36.6M | (2.07%) |
| FY2023 | $37.4M | (0.50%) |
| FY2022 | $37.6M | (2.51%) |
| FY2021 | $38.6M | (1.25%) |
| FY2020 | $39.1M | (2.46%) |
| FY2019 | $40.0M | (2.11%) |
| FY2018 | $40.9M | (2.11%) |
| FY2017 | $41.8M | (2.06%) |
| FY2016 | $42.7M | (6.28%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $35.8M | (0.53%) |
| Jun 2026 | $36.0M | (0.11%) |
| Mar 2026 | $36.1M | (0.73%) |
| Dec 2025 | $36.3M | 0.07% |
| 43 more quarters | Free account |
Against its own ten years
Low $36.3M
High $45.5M
Ten-year median
$39.1M
Current reading's percentile
9
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| KLAR Klarna Group plc compare | $378.9M |
| SLM SLM Corporation compare | $185.6M |
| OMF OneMain Holdings, Inc. compare | $115.5M |
| FCFS FirstCash Holdings, Inc. compare | $43.3M |
| BFH Bread Financial Holdings, Inc. compare | $39.3M |
| NNI Nelnet, Inc. | $35.8M |
| SEZL Sezzle Inc. compare | $34.8M |
| ENVA Enova International, Inc. compare | $26.4M |
| CACC Credit Acceptance Corporation compare | $10.4M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
More on NNI
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- 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
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement