Nelnet Inc revenue
Nelnet Inc's revenue was $1.56bn in fiscal 2022, up 17.7% on the year before. Since fiscal 2009 ($650m) it has grown at a compound 7.0% a year. Over the last twelve months it was $1.41bn.
Revenue history
| 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 |
| Growth on the year before | — | +27.4% | −9.4% | −2.8% | +25.1% | +2.0% | −3.4% | −0.4% | −12.5% | +37.1% | +0.5% | +29.6% | −5.4% | +17.7% | — |
| Gross profit | — | — | — | — | — | — | — | 846 | 726 | 999 | 979 | 1,295 | 1,216 | 1,390 | 1,220 |
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Loan Servicing and Systems | $509M | ▲ 5.5% |
| Loan Servicing and Systems Revenue | $509M | ▲ 5.5% |
| Education Technology Services and Payments | $507M | ▲ 4.1% |
| Education Technology Services and Payment Processing Services | $507M | ▲ 4.1% |
| Government Loan Servicing | $364M | ▼ 4.5% |
| Payment Processing | $193M | ▲ 8.0% |
| Education Technology Services | $171M | ▲ 1.4% |
| Tuition Payment Plan Services | $141M | ▲ 4.0% |
| Reinsurance Premiums Earned | $108M | ▲ 70.8% |
| Private Education and Consumer Loan Servicing | $94.5M | ▲ 48.9% |
| Software Services | $38.4M | ▲ 82.7% |
| Solar Construction Revenue | $14.4M | ▼ 74.6% |
| FFELP Loan Servicing | $8.9M | ▼ 27.3% |
| Investment Advice | $6.4M | ▲ 7.3% |
| Outsourced Services Revenue and Other | $3.4M | ▼ 30.0% |
| Other Service Offering | $1.1M | ▼ 63.2% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Nelnet Inc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Nelnet Inc | $1.41bn | -3.9% | 9.9% |
| Pagaya Technologies Ltd. | $1.43bn | 14.8% | 143.5% |
| PRA Group Inc | $1.33bn | 17.6% | 16.9% |
| Ezcorp Inc | $1.58bn | 28.6% | 16.1% |
| Upstart Holdings, Inc. | $1.25bn | 46.3% | 31.9% |
| SLM Corp | $1.79bn | -6.7% | 1.6% |
Compare with peers
More: Consumer Finance stocks compared, Financials sector, rankings of US companies