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Nelnet, Inc.NYSE:NNI Stock Report

Market Cap US$4.6b
Share Price
US$128.95
US$135
4.5% undervalued intrinsic discount
1Y12.7%
7D0.5%
1D
Portfolio Value
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Nelnet, Inc.

NYSE:NNI Stock Report

Market Cap: US$4.6b

Nelnet (NNI) Stock Overview

Engages in loan servicing, education technology services, and payment businesses worldwide. More details

NNI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends4/6

Rewards

Price-To-Earnings ratio (11.1x) is below the US market (18.6x)

Earnings grew by 115.9% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Earnings have declined by 13.3% per year over past 5 years


NNI Community Fair Values

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Nelnet, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Nelnet
Historical stock prices
Current Share PriceUS$128.95
52 Week HighUS$144.38
52 Week LowUS$112.16
Beta0.83
1 Month Change-8.63%
3 Month Change0.21%
1 Year Change12.69%
3 Year Change38.18%
5 Year Change70.75%
Change since IPO491.51%

Recent News & Updates

Recent updates

Analysis Article • Nov 21

Nelnet (NYSE:NNI) Is Increasing Its Dividend To $0.33

Nelnet, Inc. ( NYSE:NNI ) has announced that it will be increasing its dividend from last year's comparable payment on...
Seeking Alpha • Jul 10

Nelnet: Key Drivers Pushing Shares To New Highs

Summary Nelnet has sold the majority of its ownership in ALLO for cash proceeds of $410 million, realizing a gain of $175 million. Its student loan servicing business is set to benefit from an increase in borrowers and loan volumes. Earnings from its software business, NBS, were flat year over year, but management is making investments in AI to improve efficiency and potentially lift margins. My estimate for intrinsic value stands at $182 per share, implying an upside of nearly 50% with limited downside to the book value of $94 per share. I am maintaining my Buy rating on the stock. Read the full article on Seeking Alpha
Analysis Article • May 12

Nelnet (NYSE:NNI) Has Announced A Dividend Of $0.28

The board of Nelnet, Inc. ( NYSE:NNI ) has announced that it will pay a dividend on the 16th of June, with investors...
Analysis Article • May 09

It May Be Possible That Nelnet, Inc.'s (NYSE:NNI) CEO Compensation Could Get Bumped Up

Key Insights Nelnet to hold its Annual General Meeting on 15th of May Total pay for CEO Jeff Noordhoek includes...
Seeking Alpha • Mar 16

Nelnet: Consistent Value Creation Not Being Rewarded By The Market

Summary Nelnet continues to generate solid cash flows, which management is strategically deploying where it identifies the greatest opportunities for return. Nelnet’s software and payments business, NBS, continues to show impressive growth and profitability and is worth more than half the current market cap. I estimate intrinsic value at $175 per share, which represents an attractive upside and limited downside with book value at $92.3. I am therefore maintaining my Buy rating on the stock. Read the full article on Seeking Alpha
Analysis Article • Feb 03

Nelnet (NYSE:NNI) Is Paying Out A Dividend Of $0.28

Nelnet, Inc. ( NYSE:NNI ) has announced that it will pay a dividend of $0.28 per share on the 14th of March. This means...
Analysis Article • Jan 23

Getting In Cheap On Nelnet, Inc. (NYSE:NNI) Might Be Difficult

With a price-to-earnings (or "P/E") ratio of 34.8x Nelnet, Inc. ( NYSE:NNI ) may be sending very bearish signals at the...
Analysis Article • Nov 11

Nelnet's (NYSE:NNI) Dividend Will Be $0.28

The board of Nelnet, Inc. ( NYSE:NNI ) has announced that it will pay a dividend of $0.28 per share on the 16th of...
Analysis Article • Oct 17

Investors Appear Satisfied With Nelnet, Inc.'s (NYSE:NNI) Prospects

Nelnet, Inc.'s ( NYSE:NNI ) price-to-earnings (or "P/E") ratio of 26.7x might make it look like a sell right now...
Seeking Alpha • Sep 19

Nelnet: Attractive Valuation At A Large Discount To Intrinsic Value

Summary Shares have risen 20% since my previous recommendation where I estimated intrinsic value per share of $145. Owing to strong performance within Nelnet Business Services, where income grew 42% year over year in Q2, I have raised my estimate for intrinsic value to $162 per share. Meanwhile management continues to return capital to shareholders through dividends and buybacks. Shares trade at only a slight premium to book value, which minimizes downside risk and offers an appealing risk/reward profile for investors. Read the full article on Seeking Alpha
Analysis Article • Jul 03

Why Investors Shouldn't Be Surprised By Nelnet, Inc.'s (NYSE:NNI) P/E

With a price-to-earnings (or "P/E") ratio of 27x Nelnet, Inc. ( NYSE:NNI ) may be sending very bearish signals at the...
Analysis Article • May 10

Here's Why Nelnet, Inc.'s (NYSE:NNI) CEO Compensation Is The Least Of Shareholders Concerns

Key Insights Nelnet's Annual General Meeting to take place on 16th of May Salary of US$854.5k is part of CEO Jeff...
Seeking Alpha • May 04

Nelnet: An Appealing Valuation Emerges After A Challenging 2023

Summary Nelnet is a conglomerate with ownership in high-quality businesses, trading at a large discount to its intrinsic value. Management has a long history of consistently increasing shareholder returns through smart capital allocation. Today the business trades at only a slight premium to book value, which limits downside, presenting a very attractive risk/reward profile for investors. Read the full article on Seeking Alpha
Analysis Article • Jan 04

Some Confidence Is Lacking In Nelnet, Inc.'s (NYSE:NNI) P/E

Nelnet, Inc.'s ( NYSE:NNI ) price-to-earnings (or "P/E") ratio of 24.4x might make it look like a sell right now...
Seeking Alpha • Dec 22

Nelnet: The Compounding Conglomerate

Summary Nelnet is a small-cap company with the potential to become a "mini" Berkshire Hathaway due to its diverse business segments. The company operates in financial services, education technology, and communications, providing stability and long-term growth potential. Despite challenges in Q3 2023 earnings, Nelnet's conglomerate structure and strategic investments make it a compelling investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Aug 25

Nelnet: Broad Exposure Leaves Unappealing Valuation

Summary Nelnet Inc is trading at a high P/E ratio of over 16, raising concerns about the viability of its assets and potential for earnings. The company's structure is divided into segments focused on loan servicing, education technology, financial management services, and asset generation and management. NNI's heavy reliance on education and student loans as assets poses risks, especially with the potential for increased defaults and a drop-off in cash flows after 2025. Read the full article on Seeking Alpha
Seeking Alpha • Feb 02

Nelnet declares $0.26 dividend

Nelnet (NYSE:NNI) declares $0.26/share quarterly dividend, in line with previous. Forward yield 1.09% Payable March 15; for shareholders of record March 1; ex-div Feb. 28. See NNI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NNIUS Consumer FinanceUS Market
7D0.5%-0.3%1.1%
1Y12.7%7.8%28.7%

Return vs Industry: NNI exceeded the US Consumer Finance industry which returned 7.8% over the past year.

Return vs Market: NNI underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is NNI's price volatile compared to industry and market?
NNI volatility
NNI Average Weekly Movement4.6%
Consumer Finance Industry Average Movement6.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stable Share Price: NNI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NNI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19775,744Jeff Noordhoeknelnetinc.com

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.

Nelnet, Inc. Fundamentals Summary

How do Nelnet's earnings and revenue compare to its market cap?
NNI fundamental statistics
Market capUS$4.63b
Earnings (TTM)US$417.04m
Revenue (TTM)US$1.65b
11.1x
P/E Ratio
2.8x
P/S Ratio

Is NNI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NNI income statement (TTM)
RevenueUS$1.65b
Cost of RevenueUS$220.80m
Gross ProfitUS$1.43b
Other ExpensesUS$1.01b
EarningsUS$417.04m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)11.61
Gross Margin86.59%
Net Profit Margin25.34%
Debt/Equity Ratio213.5%

How did NNI perform over the long term?

See historical performance and comparison

Dividends

1.0%
Current Dividend Yield
11%
Payout Ratio

Does NNI pay a reliable dividends?

See NNI dividend history and benchmarks
When do you need to buy NNI by to receive an upcoming dividend?
Nelnet dividend dates
Ex Dividend DateJun 01 2026
Dividend Pay DateJun 15 2026
Days until Ex dividend6 days
Days until Dividend pay date20 days

Does NNI pay a reliable dividends?

See NNI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 01:27
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nelnet, Inc. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mary KaneCitigroup Inc
Andrew WesselJ.P. Morgan
Sameer GokhaleKeefe, Bruyette, & Woods