Nelnet (NNI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

Nelnet Revenue Highlights

Latest Revenue (Y)

$1.11B

Latest Revenue (Q)

$240.48M

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
2024-09-30	$240.48M	-52.49%
2024-06-30	$506.12M	-11.28%
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 $240.48M in revenue during Q3 2024, up -52.49% compared to the previous quarter, and up 96.76% 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
FFELP Servicing	-	-	$18.28M	$20.18M	$25.04M
Administrative Service	-	-	$3.31M	$8.84M	-
Government Servicing - Great Lakes	-	-	$193.21M	$179.87M	$185.66M
Investment Advice	-	-	$7.77M	$10.88M	$2.94M
Communications Services	-	-	-	$76.64M	$64.27M
Telephone	-	-	-	-	$9.71M
Television	-	-	-	-	$16.20M
Internet	-	-	-	-	$38.24M
Other Communication Revenue	-	-	-	-	$129.00K
Communication Revenue, Service Offering	-	-	-	-	$64.27M

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	Sep 24	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
Other Service Offering	$627.00K	$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
Outsourced Services Revenue And Other	$1.76M	$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	-	-
Payment Processing	$55.81M	$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
Tuition Payment Plan Services	$31.66M	$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
Education Technology Services And Payment Processing Services	$118.18M	$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	-
Software Services	$5.20M	$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
Private Education And Consumer Loan Servicing	$13.06M	$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
FFELP Servicing	$2.94M	$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	-	-
Education Technology And Services	$30.08M	$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	-
Loan Servicing And Systems Revenue	$108.17M	$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
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	-	-	-
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.93M	$2.81M	$2.69M	$2.64M	$2.49M
Television	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$4.45M	$4.22M	$4.24M	$4.18M	$4.07M
Communication Revenue, Service Offering	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.21M	$19.00M	$18.18M	$17.50M	$16.47M
Internet	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$12.79M	$11.93M	$11.20M	$10.60M	$9.90M
Other Communication Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$40.00K	$38.00K	$55.00K	$82.00K	$16.00K

Nelnet's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Education Technology Services And Payment Processing Services (32.16%), Loan Servicing And Systems Revenue (29.44%), Payment Processing (15.19%), Tuition Payment Plan Services (8.61%), Education Technology And Services (8.19%), Private Education And Consumer Loan Servicing (3.55%), Software Services (1.41%), FFELP Servicing (0.80%), Outsourced Services Revenue And Other (0.48%), and Other Service Offering (0.17%).

Nelnet Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
IX	ORIX	$2.81T	$776.50B
NAVI	Navient	$4.83B	$948.00M
FCFS	FirstCash	$3.15B	$837.32M
ENVA	Enova	$2.12B	$689.92M
SLM	SLM	$1.81B	$652.64M
NNI	Nelnet	$1.11B	$240.48M
OPRT	Oportun Financial	$1.06B	$249.95M
EZPW	EZCORP	$1.05B	$281.42M
AGM	Federal Agricultural Mortgage	$349.21M	$91.53M
MFIN	Medallion Financial	$262.36M	$77.00M

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 Q3 2024 was $240.48M, a -52.49% decrease from the previous quarter (Q2 2024), and a -15.03% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $506.12M, a -11.28% decrease from the previous quarter (Q1 2024), and a 103.64% increase year-over-year (Q2 2023). NNI'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).

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.