Nelnet (NNI) Revenue & Revenue Breakdown
Nelnet Revenue Highlights
Latest Revenue (Y)
$1.11B
Latest Revenue (Q)
$242.87M
Main Segment (Y)
Loan Servicing And Systems Revenue
Nelnet Revenue by Period
Nelnet Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.11B | -21.06% |
| 2022-12-31 | $1.41B | 14.08% |
| 2021-12-31 | $1.23B | 16.14% |
| 2020-12-31 | $1.06B | 8.43% |
| 2019-12-31 | $978.57M | -1.98% |
| 2018-12-31 | $998.34M | 44.35% |
| 2017-12-31 | $691.61M | -13.91% |
| 2016-12-31 | $803.34M | -2.54% |
| 2015-12-31 | $824.26M | -6.14% |
| 2014-12-31 | $878.22M | 3.56% |
| 2013-12-31 | $848.06M | 30.23% |
| 2012-12-31 | $651.19M | -1.95% |
| 2011-12-31 | $664.15M | -6.04% |
| 2010-12-31 | $706.87M | 31.50% |
| 2009-12-31 | $537.55M | 5.33% |
| 2008-12-31 | $510.35M | -9.95% |
| 2007-12-31 | $566.72M | -0.92% |
| 2006-12-31 | $572.00M | -6.73% |
| 2005-12-31 | $613.28M | 17.33% |
| 2004-12-31 | $522.70M | 76.51% |
| 2003-12-31 | $296.13M | -6.32% |
| 2002-12-31 | $316.13M | 174.61% |
| 2001-12-31 | $115.12M | 77.51% |
| 2000-12-31 | $64.85M | - |
Nelnet generated $1.11B in revenue during NA 2023, up -21.06% compared to the previous quarter, and up 111.16% compared to the same period a year ago.
Nelnet Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $242.87M | -57.43% |
| 2024-03-31 | $570.45M | 13.90% |
| 2023-12-31 | $500.84M | 76.97% |
| 2023-09-30 | $283.01M | 13.87% |
| 2023-06-30 | $248.53M | -9.84% |
| 2023-03-31 | $275.66M | 27.01% |
| 2022-12-31 | $217.04M | -37.35% |
| 2022-09-30 | $346.43M | 8.03% |
| 2022-06-30 | $320.67M | -28.10% |
| 2022-03-31 | $446.02M | 20.54% |
| 2021-12-31 | $370.03M | 35.67% |
| 2021-09-30 | $272.75M | -3.25% |
| 2021-06-30 | $281.92M | -10.66% |
| 2021-03-31 | $315.56M | 26.49% |
| 2020-12-31 | $249.48M | -9.50% |
| 2020-09-30 | $275.66M | -7.15% |
| 2020-06-30 | $296.90M | 18.10% |
| 2020-03-31 | $251.40M | -4.69% |
| 2019-12-31 | $263.78M | 4.97% |
| 2019-09-30 | $251.28M | 15.35% |
| 2019-06-30 | $217.85M | -7.78% |
| 2019-03-31 | $236.23M | 14.00% |
| 2018-12-31 | $207.23M | -17.06% |
| 2018-09-30 | $249.87M | 4.30% |
| 2018-06-30 | $239.57M | -20.59% |
| 2018-03-31 | $301.68M | 74.83% |
| 2017-12-31 | $172.55M | -7.46% |
| 2017-09-30 | $186.46M | 23.62% |
| 2017-06-30 | $150.83M | -17.05% |
| 2017-03-31 | $181.85M | -30.28% |
| 2016-12-31 | $260.84M | 11.91% |
| 2016-09-30 | $233.08M | 68.31% |
| 2016-06-30 | $138.48M | -18.99% |
| 2016-03-31 | $170.94M | -29.87% |
| 2015-12-31 | $243.75M | 26.87% |
| 2015-09-30 | $192.12M | -13.41% |
| 2015-06-30 | $221.88M | 4.67% |
| 2015-03-31 | $211.98M | -4.67% |
| 2014-12-31 | $222.36M | -11.53% |
| 2014-09-30 | $251.33M | 7.84% |
| 2014-06-30 | $233.06M | 3.68% |
| 2014-03-31 | $224.78M | 0.46% |
| 2013-12-31 | $223.75M | 8.57% |
| 2013-09-30 | $206.10M | -22.08% |
| 2013-06-30 | $264.51M | 20.97% |
| 2013-03-31 | $218.66M | 6.41% |
| 2012-12-31 | $205.50M | 21.77% |
| 2012-09-30 | $168.76M | -1.67% |
| 2012-06-30 | $171.62M | -6.57% |
| 2012-03-31 | $183.69M | -13.99% |
| 2011-12-31 | $213.58M | 17.42% |
| 2011-09-30 | $181.89M | 10.88% |
| 2011-06-30 | $164.04M | -14.20% |
| 2011-03-31 | $191.19M | -30.07% |
| 2010-12-31 | $273.42M | 65.51% |
| 2010-09-30 | $165.19M | -15.03% |
| 2010-06-30 | $194.41M | -0.62% |
| 2010-03-31 | $195.62M | -10.54% |
| 2009-12-31 | $218.66M | 27.82% |
| 2009-09-30 | $171.07M | 43.18% |
| 2009-06-30 | $119.48M | -15.34% |
| 2009-03-31 | $141.13M | -13.66% |
| 2008-12-31 | $163.45M | 10.12% |
| 2008-09-30 | $148.42M | -10.50% |
| 2008-06-30 | $165.84M | 408.08% |
| 2008-03-31 | $32.64M | -79.05% |
| 2007-12-31 | $155.82M | - |
Nelnet generated $242.87M in revenue during Q2 2024, up -57.43% compared to the previous quarter, and up 88.10% compared to the same period a year ago.
Nelnet Revenue Breakdown
Nelnet Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Service Offering | $3.37M | $2.85M | $2.00M | $1.33M | $1.22M |
| Education Technology Services | $170.75M | - | - | - | - |
| Tuition Payment Plan Services | $125.33M | $110.80M | $103.97M | $100.67M | $106.68M |
| Software Services | $29.21M | $33.41M | $34.60M | $42.00M | $41.08M |
| Private Education And Consumer Loan Servicing | $48.98M | $49.21M | $47.30M | $32.49M | $36.79M |
| Payment Processing | $163.86M | $148.21M | $127.08M | $114.30M | $110.85M |
| Outsourced Services | $13.58M | $13.76M | - | - | - |
| Loan Servicing And Systems Revenue | $517.95M | $535.46M | $486.36M | $451.56M | $455.25M |
| Education Technology And Services | - | $146.68M | $105.19M | $65.89M | $58.58M |
| Education Technology Services And Payment Processing Services | - | $408.54M | $338.23M | $282.20M | $277.33M |
| Outsourced Services Revenue And Other | - | - | $25.39M | $30.22M | $8.70M |
| Investment Advice | - | - | $7.77M | $10.88M | $2.94M |
| Government Servicing - Great Lakes | - | - | $193.21M | $179.87M | $185.66M |
| FFELP Servicing | - | - | $18.28M | $20.18M | $25.04M |
| Administrative Service | - | - | $3.31M | $8.84M | - |
| Communications Services | - | - | - | $76.64M | $64.27M |
| Other Communication Revenue | - | - | - | - | $129.00K |
| Internet | - | - | - | - | $38.24M |
| Communication Revenue, Service Offering | - | - | - | - | $64.27M |
| Telephone | - | - | - | - | $9.71M |
| Television | - | - | - | - | $16.20M |
Nelnet's latest annual revenue breakdown by segment (product or service), as of Dec 23: Loan Servicing And Systems Revenue (48.27%), Education Technology Services (15.91%), Payment Processing (15.27%), Tuition Payment Plan Services (11.68%), Private Education And Consumer Loan Servicing (4.56%), Software Services (2.72%), Outsourced Services (1.27%), and Other Service Offering (0.31%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tuition Payment Plan Services | $38.88M | $30.09M | $30.22M | $30.82M | $34.19M | $26.67M | $25.78M | $27.64M | $30.72M | $24.26M | $23.62M | $26.54M | $29.55M | $23.66M | $22.48M | $22.95M | $31.59M | $26.09M | $25.76M | $24.66M |
| Education Technology Services And Payment Processing Services | $143.54M | $113.80M | $109.86M | $133.60M | $98.33M | $106.89M | $91.03M | $112.29M | $80.95M | $85.32M | $76.70M | $95.26M | $65.10M | $74.12M | $59.30M | $83.67M | $63.58M | $74.25M | $60.34M | - |
| FFELP Servicing | $3.38M | $3.30M | $3.55M | $3.37M | $4.13M | $4.01M | $4.25M | $4.35M | $4.56M | $4.70M | $4.67M | $4.74M | $4.91M | $4.92M | $5.61M | $5.83M | $6.09M | $6.42M | - | - |
| Loan Servicing And Systems Revenue | $127.20M | $128.81M | $127.89M | $122.02M | $139.23M | $140.02M | $134.20M | $124.87M | $136.37M | $150.40M | $112.35M | $112.09M | $111.52M | $113.99M | $113.79M | $111.04M | $112.73M | $113.09M | $113.29M | $113.98M |
| Other Service Offering | $852.00K | $862.00K | $932.00K | $990.00K | $588.00K | $1.52M | $610.00K | $470.00K | $248.00K | $471.00K | $756.00K | $423.00K | $348.00K | $393.00K | $384.00K | $262.00K | $292.00K | $359.00K | $286.00K | $280.00K |
| Outsourced Services Revenue And Other | $1.19M | $2.69M | $4.71M | $5.12M | $5.21M | $2.02M | $2.72M | $2.19M | $3.56M | $7.96M | $11.67M | $14.53M | $8.88M | $4.71M | $2.10M | $2.05M | $2.26M | $2.12M | - | - |
| Payment Processing | $47.79M | $37.14M | $50.85M | $31.83M | $44.04M | $34.22M | $47.96M | $27.97M | $38.07M | $29.18M | $39.85M | $25.01M | $33.04M | $25.98M | $35.42M | $21.17M | $31.74M | $25.42M | $35.14M | $21.31M |
| Private Education And Consumer Loan Servicing | $12.62M | $12.43M | $12.33M | $12.06M | $12.16M | $12.02M | $12.20M | $12.12M | $12.87M | $12.74M | $13.20M | $12.82M | $8.55M | $7.76M | $7.93M | $8.20M | $8.61M | $8.76M | $9.56M | $8.98M |
| Software Services | $4.54M | $4.13M | $9.42M | $5.96M | $9.70M | $9.87M | $8.23M | $7.91M | $7.40M | $11.82M | $6.95M | $7.37M | $8.45M | $9.60M | $10.43M | $10.65M | $11.32M | $10.82M | $10.49M | $10.02M |
| Education Technology And Services | $56.02M | $31.79M | $46.22M | $54.79M | $35.92M | $32.55M | $34.96M | $43.25M | $27.03M | $21.10M | $24.73M | $32.32M | $15.06M | $15.84M | $14.93M | $20.05M | $11.71M | $13.07M | $14.10M | - |
| Government Servicing - Great Lakes | - | - | - | - | - | - | - | - | $48.08M | $59.56M | $46.49M | $43.86M | $43.30M | $42.86M | $45.35M | $45.21M | $46.45M | $46.37M | - | - |
| Government Servicing - Nelnet | - | - | - | - | - | - | - | - | $61.05M | $59.74M | $37.59M | $35.38M | $34.87M | $34.49M | $36.30M | - | - | - | - | - |
| Administrative Service | - | - | - | - | - | - | - | - | - | $34.93M | $2.52M | $2.83M | - | - | - | - | - | - | - | - |
| Loan Servicing And Systems | - | - | - | - | - | - | - | - | - | $150.40M | $113.99M | $113.09M | $113.29M | - | - | - | - | - | - | - |
| Investment Advice | - | - | - | - | - | - | - | - | - | $1.39M | $2.69M | $747.00K | $753.00K | - | - | - | - | - | - | - |
| Communications Services | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.25M | $17.50M | $16.47M | - | - | - | - |
| Communication Revenue, Service Offering | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $20.21M | $19.00M | $18.18M | $17.50M | $16.47M | $15.76M |
| Internet | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.79M | $11.93M | $11.20M | $10.60M | $9.90M | $9.30M |
| Telephone | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.93M | $2.81M | $2.69M | $2.64M | $2.49M | $2.40M |
| Television | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.45M | $4.22M | $4.24M | $4.18M | $4.07M | $4.05M |
| Other Communication Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $40.00K | $38.00K | $55.00K | $82.00K | $16.00K | $16.00K |
Nelnet's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Education Technology Services And Payment Processing Services (32.92%), Loan Servicing And Systems Revenue (29.17%), Education Technology And Services (12.85%), Payment Processing (10.96%), Tuition Payment Plan Services (8.92%), Private Education And Consumer Loan Servicing (2.89%), Software Services (1.04%), FFELP Servicing (0.78%), Outsourced Services Revenue And Other (0.27%), and Other Service Offering (0.20%).
Nelnet Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| IX | ORIX | $2.81T | $776.50B |
| NAVI | Navient | $4.83B | $973.00M |
| FCFS | FirstCash | $3.15B | $831.01M |
| ENVA | Enova | $2.12B | $628.44M |
| SLM | SLM | $1.81B | $795.58M |
| NNI | Nelnet | $1.11B | $242.87M |
| OPRT | Oportun Financial | $1.06B | $250.40M |
| EZPW | EZCORP | $1.05B | $281.42M |
| AGM | Federal Agricultural Mortgage | $349.21M | $89.24M |
| MFIN | Medallion Financial | $262.36M | $71.80M |
NNI Revenue FAQ
What is Nelnet’s yearly revenue?
Nelnet's yearly revenue for 2023 was $1.11B, representing a decrease of -21.06% compared to 2022. The company's yearly revenue for 2022 was $1.41B, representing an increase of 14.08% compared to 2021. NNI's yearly revenue for 2021 was $1.23B, representing an increase of 16.14% compared to 2020.
What is Nelnet’s quarterly revenue?
Nelnet's quarterly revenue for Q2 2024 was $242.87M, a -57.43% decrease from the previous quarter (Q1 2024), and a -2.28% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $570.45M, a 13.90% increase from the previous quarter (Q4 2023), and a 106.94% increase year-over-year (Q1 2023). NNI's quarterly revenue for Q4 2023 was $500.84M, a 76.97% increase from the previous quarter (Q3 2023), and a 130.76% increase year-over-year (Q4 2022).
What is Nelnet’s revenue growth rate?
Nelnet's revenue growth rate for the last 3 years (2021-2023) was -9.95%, and for the last 5 years (2019-2023) was 13.41%.
What are Nelnet’s revenue streams?
Nelnet's revenue streams in c 23 are Other Service Offering, Education Technology Services, Tuition Payment Plan Services, Software Services, Private Education And Consumer Loan Servicing, Payment Processing, Outsourced Services, and Loan Servicing And Systems Revenue. Other Service Offering generated $3.37M in revenue, accounting 0.31% of the company's total revenue, up 18.32% year-over-year. Education Technology Services generated $170.75M in revenue, accounting 15.91% of the company's total revenue Tuition Payment Plan Services generated $125.33M in revenue, accounting 11.68% of the company's total revenue, up 13.11% year-over-year. Software Services generated $29.21M in revenue, accounting 2.72% of the company's total revenue, down -12.57% year-over-year. Private Education And Consumer Loan Servicing generated $48.98M in revenue, accounting 4.56% of the company's total revenue, down -0.46% year-over-year. Payment Processing generated $163.86M in revenue, accounting 15.27% of the company's total revenue, up 10.56% year-over-year. Outsourced Services generated $13.58M in revenue, accounting 1.27% of the company's total revenue, down -1.29% year-over-year. Loan Servicing And Systems Revenue generated $517.95M in revenue, accounting 48.27% of the company's total revenue, down -3.27% year-over-year.
What is Nelnet’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Nelnet was Loan Servicing And Systems Revenue. This segment made a revenue of $517.95M, representing 48.27% of the company's total revenue.