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NNI

Nelnet, Inc.

NNI

NYSE·Financial Services·Financial - Credit Services·Mkt cap $4.6B

$127.31

+0.03%

P/E

15.28

Mkt Cap

$4.6B

52-Wk Range

$116.62–$144.38

52-Week Range

$116.62 - $144.38

P/E

15.28

Fwd P/E

16.97

Beta

0.76

Div Yield

1.04%

Avg Vol

134.6K

Shares Out

35.9M

Mkt Cap

$4.6B

Price action

Price chart

Up 0.5% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Integrated ecosystem connecting education institutions, students, and financial services through proprietary software platforms
  • Decades of operational expertise and established relationships with schools, financial institutions, and borrowers
  • Diversified revenue streams across loan servicing, technology, communications, and banking reduce dependence on single market
  • Scalable technology infrastructure and business process outsourcing capabilities with high switching costs
  • Strategic asset ownership and banking operations provide capital deployment opportunities and margin expansion

Bear Case

2 risks

  • Low volatility (beta 0.8).
  • Growth premium of 1.6x vs Digital Payments peers. Elevated but may be justified by growth trajectory.

Growth

Stable outlook

Increasing demand for education technology solutions as K-12 schools digitize operations and expand online learning

Value

Growth premium of 1.6x vs Digital Payments peers. Elevated but may be justified by growth trajectory.

Momentum

Stable

-0.0% over 3m

Quality

Excellent

Emerging growth company (-67% revenue growth). Early stage with higher risk.

Dividend

Modest

1.04% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 5, 2026

Q3 26 RECAP

AUG 6, 2026

Reported EPS of $1.77 vs $2.13 consensus (-16.9% surprise). Revenue of $410.0M vs $419.9M expected (-2.4%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-16.9%

Revenue trend · last 8Q

+31%

+6%

+72%

+40%

+72%

+13%

-67%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$266.4M

$293.0M

$466.1M

$612.8M

$494.6M

$503.9M

$525.5M

$204.9M

Margins · last 8Q

Gross

0.0%

Operating

0.0%

Profit

32.5%

Wall Street consensus

Analyst coverage

Live ratings and price targets aggregated across covering analysts.

vs Industry

How NNI stacks vs Financial - Credit Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.