profit from every $100 of sales.
$0$100
Nelnet
$126.46-1.46% today
-1.9% in 1 year
1-year low $121.881-year high $144.23
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $10.38 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Nelnet sold, what it kept, and what it did with the cash.
Sales went from $1.39 billion in 2022 to $1.35 billion in 2025, with $428 million of profit last year.
SalesProfit
Nelnet handed back 28% of the cash it generated last year.
Buybacks $69M$43M
Free cash flow 2025$397M
Bought back its own shares$69M
Paid as dividends$43M
Cash vs. debt$296M vs. $7.8B
Nelnet vs. similar companies
Nelnet grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Nelnet | 10.4× · Cheap | ||
 Sunbelt Rentals Holdings | 22.6× · Fair price | ||
 Global Payments | 18.9× · Fair price | ||
 Synchrony Financial | 6.6× · Cheap | ||
 SoFi Technologies | 43.9× · Expensive |
AI analysis
An AI analyst reads Nelnet's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,387 | 968 | 1,166 | 1,351 | |
| – | – | – | – | |
| – | – | – | – | |
| 1,108 | 1,059 | – | – | |
| 407 | 90 | 184 | 428 | |
| 10.83 | 2.40 | 5.02 | 11.79 | |
| – | – | – | – | |
| – | – | – | – | |
| 29.3% | 9.3% | 15.8% | 31.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 19,374 | 16,712 | 13,778 | 14,064 |
| Cash | 118 | 168 | 195 | 296 |
| Total debt | 14,070 | 11,620 | 8,310 | 7,781 |
| Total liabilities | 16,174 | 13,512 | 10,479 | 10,487 |
| 3,199 | 3,254 | 3,350 | 3,686 | |
| 38 | 37 | 37 | 36 | |
| 4.3% | 4.9% | – | – | |
| 12.7% | 2.8% | 5.5% | 11.6% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 683 | 432 | 663 | 423 | |
| 59 | 74 | 21 | 26 | |
| 624 | 358 | 642 | 397 | |
| Dividends paid | 37 | 39 | 41 | 43 |
| 98 | 28 | 83 | 69 | |
| 14 | 16 | 12 | 13 |
Valuation
- 10.4×
- 13.7×
- 3.61
- 1.2×
- 3.3×
- 11.2×
- –
- 8.9%
- 9.6%
- 1.0%
Profitability
- 80.8%
- 36.3%
- 31.7%
- 36.8%
- 4.1%
- 2.0%
- 11.4%
- 2.9%
- 5.5%
- –
Growth
- −0.9%
- +2.9%
- −38.2%
- +7.7%
- −1.1%
Financial health
- 9.6×
- 2.06
- 54.3%
- 1.6×
- –
- –
- 0.15
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 48%of 749
Top 26%of 604
Top 29%of 872
Bottom 20%of 883
Top 27%of 931
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 1.94 | 2.66 | −27.1% |
| Feb 26, 2026 | 1.56 | 1.63 | −4.3% |
| Nov 6, 2025 | 2.95 | 1.52 | +94.1% |
| Aug 6, 2025 | 5.05 | 1.91 | +164.4% |
| May 8, 2025 | 2.39 | 1.92 | +24.5% |
| Feb 27, 2025 | 1.44 | 1.23 | +17.1% |
| Nov 7, 2024 | 0.34 | 1.36 | −75.0% |
| Aug 8, 2024 | 1.23 | 1.33 | −7.5% |
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
+7.7%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.42 in 2015 → $1.19 in 2025
How safe it looks
10.0% of its profit
Room to growStretchedMore than it earns: 10.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
51No pass
Benjamin Graham
65Pass
Philip Fisher
61Pass
Peter Lynch
16No pass
Joel Greenblatt
21No pass
Charlie Munger
48No pass
Terry Smith
45No pass
Questions about Nelnet
Is Nelnet a good stock to buy?
A business with weak numbers, and the price looks low. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Nelnet AI analysis
What does Nelnet do?
Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. It is in Financial - Credit Services, based in Lincoln, NE, United States, with 5,744 employees.
Does Nelnet pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 10% of its yearly profit. In 2025 it paid out $43.0 million in dividends.
Is Nelnet stock halal?
No. Nelnet does not pass our halal screen: its main business, lending at interest, is not permitted. How we check
How has Nelnet stock done over the past year?
Down 1.9% over the past twelve months, to $126.46. It traded between $121.88 and $144.23 and is 12.3% below its high.
Who are Nelnet's competitors?
The largest listed companies in the same industry are Sunbelt Rentals Holdings, Global Payments, Synchrony Financial and SoFi Technologies. The peers table on this page compares their profit, growth and price with Nelnet's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.