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NNINelnet Inc

NYSE · Financial Services · Credit Services

$126.83

+$1.63 (+1.30%)

Nelnet Inc (NNI) is a credit services company listed on NYSE. It is led by Jeffrey R. Noordhoek, based in 121 South 13th Street, Lincoln, NE, United States, 68508, with about 6,739 employees. Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide. The company operates through four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also offers student loan servicing software; and business process outsourcing services primarily in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and administrative services. The Education Technology Services and Payments segment provides financial management services; school information system software; a donation platform; education technology solutions; and customized professional development and coaching, and advanced learning and educational instruction services. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; learning management system; an integrated commerce payment platform; and a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates as an internet industrial bank. It also offers investment advisory, investment, and reinsurance services, as well as engages in the real estate investment; and solar engineering, procurement, and construction businesses. The company was incorporated in 1977 and is headquartered in Lincoln, Nebraska.

Net income was $100.7M. NNI currently screens at market cap $4.43B and trailing P/E 23.0.

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About Nelnet Inc

Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide. The company operates through four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also offers student loan servicing software; and business process outsourcing services primarily in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and administrative services. The Education Technology Services and Payments segment provides financial management services; school information system software; a donation platform; education technology solutions; and customized professional development and coaching, and advanced learning and educational instruction services. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; learning management system; an integrated commerce payment platform; and a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates as an internet industrial bank. It also offers investment advisory, investment, and reinsurance services, as well as engages in the real estate investment; and solar engineering, procurement, and construction businesses. The company was incorporated in 1977 and is headquartered in Lincoln, Nebraska.

NNI Key Statistics

Market Cap

$4.43B

Volume

74,545

Previous Close

$127.37

Day Range

$126.06$127.27

P/E Ratio

22.97

0

EPS

$5.02

Revenue

$0.00

Net Income

$175.91M

Gross Profit

$0.00

Free Cash Flow

$0.00

Dividend Yield

0.92%

Employees

6,739

NNI Financials

Annual income statement in USD. Latest reported periods first.

NNI annual income statement across FY2024, FY2023, FY2022, FY2021
LineFY2024FY2023FY2022FY2021
Revenue$0.00$0.00$0.00$0.00
Cost of Revenue$0.00$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00$0.00
Net Income$175.91M$49.33M$388.75M$386.28M
EPS (Diluted)$5.02$2.40$10.82$10.20

Total Assets

$13.78B

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$194.52M

Operating Cash Flow

$662.89M

Free Cash Flow

$0.00

Nelnet Inc Company Information

Chief Executive Officer
Jeffrey R. Noordhoek
Headquarters
121 South 13th Street, Lincoln, NE, United States, 68508
Phone
402 458 2370
IPO / Founded
2003-12-11
Industry
Credit Services
Data Updated:

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