Nelnet Inc income statement

In fiscal 2022, Nelnet Inc reported revenue of $1.56bn, up 17.7% on the year before and net income of $407m, or $10.82 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nelnet Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	LTMMar 2023
Revenue	650	829	751	730	913	932	900	897	784	1,075	1,081	1,400	1,325	1,559	1,409
Cost of revenue	—	—	—	—	—	—	—	51	59	76	102	105	109	168	189
Gross profit	—	—	—	—	—	—	—	846	726	999	979	1,295	1,216	1,390	1,220
Interest expense	385	233	228	269	231	273	302	388	465	670	699	330	176	430	582
Net interest income	235	371	365	345	414	437	432	373	305	254	249	290	348	313	302
Non-interest income	415	458	386	384	499	495	468	524	479	821	831	1,110	977	1,246	1,107
Provision for credit losses	29	23	21	22	19	10	10	14	14	23	39	63	−12	35	70
Income before tax	216	302	322	275	466	470	421	399	227	286	177	450	502	502	293
Income tax	77	113	117	96	161	160	152	141	65	59	35	101	116	113	66
Net income	139	189	204	178	303	308	268	257	173	228	142	352	393	407	247
Diluted EPS	$2.78	$3.81	$4.23	$3.74	$6.50	$6.62	$5.89	$6.02	$4.14	$5.57	$3.54	$9.02	$10.20	$10.82	$6.59
Diluted shares (average)	50m	49m	48m	47m	47m	46m	46m	43m	42m	41m	40m	39m	39m	38m	37m

US$ millions unless shown otherwise. Fiscal quarters.

Nelnet Inc: income statement, quarterly
Quarter	2021 Q2Jun 2021	2021 Q3Sept 2021	2021 Q4Dec 2021	2022 Q1Mar 2022	2022 Q2Jun 2022	2022 Q3Sept 2022	2022 Q4Dec 2022	2023 Q1Mar 2023
Revenue	303	287	394	482	345	395	337	332
Cost of revenue	22	31	29	36	31	49	53	56
Gross profit	281	255	366	446	314	347	283	276
Interest expense	50	50	48	48	74	127	182	199
Net interest income	84	86	76	77	78	77	81	67
Non-interest income	219	200	318	404	267	319	256	265
Provision for credit losses	0	6	−2	−0	9	10	16	34
Income before tax	109	67	168	241	108	127	26	31
Income tax	26	16	39	56	25	27	5	8
Net income	84	53	133	187	85	105	30	26
Diluted EPS	$2.16	$1.38	$3.46	$4.91	$2.26	$2.80	$0.83	$0.71

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Nelnet Inc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nelnet Inc.