Services student loans for education customers.
Dec 2025Revenue $851M/yrExpenses $295M/yr
No trend
Figures by year
Is Nelnet profitable?
Yes. In the 12 months to Dec 2025, revenue was $851M and expenses $295M.
| Fiscal year to | Revenue | Expenses | Pre-tax profit |
|---|---|---|---|
| Dec 2025 | $851M | $295M | $556M |
| Dec 2024 | $973M | $745M | $229M |
| Dec 2023 | $1.11B | $1.04B | $68.7M |
| Dec 2022 | $743M | $241M | $502M |
| Dec 2021 | $524M | $21.7M | $502M |
| Dec 2020 | $620M | $169M | $450M |
| Dec 2019 | $949M | $772M | $177M |
| Dec 2018 | $924M | $638M | $286M |
| Dec 2017 | $770M | $544M | $227M |
| Dec 2016 | $761M | $362M | $399M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.