OverviewSuggest Edit

Nelnet is one of the leading education and finance companies in the United States. The Company provides quality student loan products and services to students, as well as a full range of student-lending services and technology-based products to schools nationwide. This includes student loan origination and lending, holding, student loan and guarantee servicing and software solutions. Each of its business segments serves different customers, from students and parents to K-12 schools or colleges, to lenders and government.

TypePublic
Founded1978
HQLincoln, NE, US
Websitenelnet.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)6,600(+7%)
Job Openings218
Revenue (FY, 2020)$1.1 B(+34%)
Share Price (May 2021)$75
Cybersecurity ratingBMore

Nelnet Office Locations

Nelnet has offices in Lincoln and Aurora
Lincoln, NE, US (HQ)
Lincoln Square Building, 121 S 13th St
Aurora, CO, US
3015 S Parker Rd #400
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Nelnet Financials and Metrics

Nelnet Revenue

Nelnet's revenue was reported to be $1.11 b in FY, 2020
USD

Revenue (FY, 2020)

1.1b

Gross profit (FY, 2020)

1.0b

Gross profit margin (FY, 2020), %

90.5%

Net income (FY, 2020)

349.6m

Market capitalization (7-May-2021)

2.9b

Closing stock price (7-May-2021)

75.0

Cash (31-Dec-2020)

121.2m

EV

22.1b
Nelnet's current market capitalization is $2.9 b.
Annual
USDFY, 2011FY, 2014FY, 2015FY, 2016FY, 2018FY, 2019FY, 2020

Revenue

386.1m1.2b1.2b832.5m831.2m1.1b

Revenue growth, %

5%0%3%

Cost of goods sold

53.3m76.5m102.0m105.0m

Gross profit

(53.3m)756.0m729.2m1.0b
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q4, 2012Q2, 2013Q3, 2013Q4, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

75.3m85.1m98.8m87.1m83.5m384.3m163.1m101.2m254.9m200.2m216.6m206.1m182.1m219.1m190.6m251.0m225.5m

Cost of goods sold

14.2m11.7m11.2m12.5m45.5m3.6m3.6m17.4m15.2m23.4m25.8m21.0m30.9m28.4m21.1m31.2m

Gross profit

(14.2m)(11.7m)(11.2m)(12.5m)(45.5m)(3.6m)(3.6m)237.5m185.0m193.2m180.3m161.2m188.2m162.2m229.9m194.3m

Gross profit Margin, %

93%92%89%87%88%86%85%92%86%
USDQ2, 2011

Debt/Equity

23.9 x

Debt/Assets

0.9 x

Financial Leverage

25.2 x
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Nelnet Operating Metrics

Nelnet's Borrowers was reported to be 5.8 m in Q2, 2017. Nelnet's Total Loans was reported to be $23.2b in Q2, 2017.
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Nelnet Acquisitions / Subsidiaries

Company NameDateDeal Size
PaymentSpringJanuary 10, 2017

Nelnet Revenue Breakdown

Embed Graph

Nelnet revenue breakdown by business segment: 20.1% from Loan Systems and Servicing, 10.3% from Tuition Payment Processing and Campus Commerce, 63.9% from Asset Generation and Management and 5.7% from Other

Nelnet Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Nelnet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Nelnet Online and Social Media Presence

Embed Graph

Nelnet News and Updates

Nelnet Campus Commerce Completes Workday Certified Integration

Nelnet Campus Commerce (NYSE:NNI) a Workday (NASDAQ:WDAY) Select software partner, today announced that it has achieved Workday Certified Integration status. Nelnet Campus Commerce provides customers with a seamless integration that connects Workday Student with Nelnet Campus Commerce's payment and …

Nelnet to Announce Fourth Quarter and Year-End Results

LINCOLN, Neb., Jan. 14, 2021 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the fourth quarter and year ended December 31, 2020, after the close of the New York Stock Exchange on Thursday, February 25, 2021. Upon release, additional earnings...

Nelnet Reports Third Quarter 2020 Results

LINCOLN, Neb., Nov. 5, 2020 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $71.5 million, or $1.86 per share, for the third quarter of 2020, compared with GAAP net income of $33.2 million, or $0.83 per share, for the same period a year ago. GAAP net income increased...

BMO Harris Bank and Nelnet Partner to Create Private Student Loan Financing Options

In-school and loan refinancing now available to current and new BMO customers CHICAGO and LINCOLN, Neb., Oct. 15, 2020 /PRNewswire/ - BMO Harris Bank and Nelnet, a company with more than 40 years of experience helping students pay for college, launched new student loan products for...

Nelnet Campus Commerce Announces Partnership with GradGuard™

LINCOLN, Neb., Sept. 15, 2020 /PRNewswire/ -- Nelnet Campus Commerce and GradGuard™ announce a new partnership that mutually benefits higher education institutions and the students they serve. This collaboration gives Nelnet Campus Commerce's 1,300+ higher education partner institutions...

As the US Department of Education restructures federal student loan servicing, Nelnet and Great Lakes will no longer process federal loans

  The Department of Education has not renewed contracts with student loan servicer Great Lakes and Nelnet, with plans to change the way student loans are serviced and repaid.  The Department of Education wants to change to a model where loans are paid directly through studentaid.gov for more consis…
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Nelnet Blogs

Nelnet Recognized as a Best Employer for Diversity

Forbes recently recognized Nelnet as one of the top employers in the country for diversity. We know we’re just getting started. The post Nelnet Recognized as a Best Employer for Diversity appeared first on Nelnet Inc.

Nelnet’s Ongoing Diversity, Equity, and Inclusion Efforts

Checking in with Nelnet’s Diversity, Equity, and Inclusion Program, Better Together, to see what new things are happening. The post Nelnet’s Ongoing Diversity, Equity, and Inclusion Efforts appeared first on Nelnet Inc.

Boise Office Supports Local Game Changers Program (and Lorax Wisdom)

Explore Game Changers, a program providing opportunities for kids with and without special needs, which Nelnet’s Boise office supported. The post Boise Office Supports Local Game Changers Program (and Lorax Wisdom) appeared first on Nelnet Inc.

Nelnet Recognized as a Top Workplace in Wisconsin

Nelnet was named a Top Workplace by the Wisconsin State Journal. We were quick to adapt to the drastic changes that the pandemic brought, and we’re glad that associates have responded positively to the following measures. The post Nelnet Recognized as a Top Workplace in Wisconsin appeared first on N…

The Power of Knowing Your Strengths: Featuring Reilly Wiley & Collin Fink

Through the Clifton Strengths Institute, Reilly Wiley and Collin Fink have had the opportunity to make waves among their peers and in the workforce. Learn more about their journey. The post The Power of Knowing Your Strengths: Featuring Reilly Wiley & Collin Fink appeared first on Nelnet Inc.

Tips to Build a Successful Social Media Brand

Whether you run social accounts for a brand, or are simply curious as to how brands use social media, check out Lauren Hoag and Kenzie Leblanc’s five easy tips to creating a successful social media presence! The post Tips to Build a Successful Social Media Brand appeared first on Nelnet Inc.
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Nelnet Frequently Asked Questions

  • When was Nelnet founded?

    Nelnet was founded in 1978.

  • How many employees does Nelnet have?

    Nelnet has 6,600 employees.

  • What is Nelnet revenue?

    Latest Nelnet annual revenue is $1.1 b.

  • What is Nelnet revenue per employee?

    Latest Nelnet revenue per employee is $168.2 k.

  • Who are Nelnet competitors?

    Competitors of Nelnet include Navient, StudentFinance and Defynance.

  • Where is Nelnet headquarters?

    Nelnet headquarters is located at Lincoln Square Building, 121 S 13th St, Lincoln.

  • Where are Nelnet offices?

    Nelnet has offices in Lincoln and Aurora.

  • How many offices does Nelnet have?

    Nelnet has 2 offices.