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
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Nelnet, Inc. (NNI) Total debt
Nelnet, Inc.'s total debt at the end of fiscal 2025 was $7.8B, down 6.36% from $8.3B in fiscal 2024. At the end of the quarter to 30 September 2026 it was $6.8B. Over the past ten years it has ranged from $7.8B (fiscal 2025) to $28.1B (fiscal 2015) — the current reading is the lowest in ten years. Nelnet, Inc. ranks 13th of 51 Credit Services companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $7.8B | (6.36%) |
| FY2024 | $8.3B | (29.75%) |
| FY2023 | $11.8B | (19.19%) |
| FY2022 | $14.6B | (16.98%) |
| FY2021 | $17.6B | (8.75%) |
| FY2020 | $19.3B | (5.89%) |
| FY2019 | $20.5B | (7.60%) |
| FY2018 | $22.2B | 4.04% |
| FY2017 | $21.4B | (13.43%) |
| FY2016 | $24.7B | (12.23%) |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Sep 2026 | $6.8B | (3.89%) |
| Jun 2026 | $7.0B | (8.52%) |
| Mar 2026 | $7.7B | (1.05%) |
| Dec 2025 | $7.8B | (0.53%) |
| 43 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| OMF OneMain Holdings, Inc. compare | $24.1B |
| NNI Nelnet, Inc. | $6.8B |
| CACC Credit Acceptance Corporation compare | $6.7B |
| SLM SLM Corporation compare | $5.5B |
| ENVA Enova International, Inc. compare | $5.4B |
| BFH Bread Financial Holdings, Inc. compare | $3.1B |
| FCFS FirstCash Holdings, Inc. compare | $2.4B |
| SEZL Sezzle Inc. compare | $102.2M |
| KLAR Klarna Group plc compare | — |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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