# Nelnet (NNI) — Earnings

NNI · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/nni/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $1.77 |
| EPS estimate | $2.13 |
| EPS surprise | −16.75% |
| Revenue surprise | −2.36% |
| Revenue | $410.0M |
| Revenue estimate | $419.9M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1258602/000125860226000042/nni-20260630.htm) |

Nelnet reported Q2 2026 results on August 6, 2026. Earnings per share were $1.77, below the $2.13 estimate by 16.75%. Revenue of $410.0 million missed the $419.9 million consensus by 2.36%. Against Q2 2025, EPS fell about 65% from $5.05, and revenue fell about 24% from $540.6 million. Q2 2025 remains the high in the table for both measures.

Results in the table have been uneven. Annual EPS was $6.14 in 2022, $3.29 in 2023 and $4.79 in 2024, then jumped to $11.95 in 2025, lifted by $5.05 in Q2 and $2.95 in Q3. The only loss shown was Q4 2023, at $0.04 per share, which was also the revenue low at $260.7 million. The first half of 2026 adds up to $3.71, about half the $7.44 earned a year earlier. Over the last 20 quarters, Nelnet beat the EPS estimate 6 times and missed 14 times, including each of the last three quarters.

Nelnet reported Q3 results between November 6 and November 8 in each of the past five years. That points to early November 2026 for the next report, which will show how Q3 compares with the $2.95 per share earned in Q3 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | $2.13 | $1.77 | -16.75% | $419.9M | $410.0M |
| Q1 2026 | May 7, 2026 | $2.66 | $1.94 | -27.11% | $443.8M | $419.1M |
| Q4 2025 | Feb 26, 2026 | $1.63 | $1.56 | -4.42% | $382.3M | $392.0M |
| Q3 2025 | Nov 6, 2025 | $1.52 | $2.95 | 94.22% | $371.8M | $427.8M |
| Q2 2025 | Aug 6, 2025 | $1.91 | $5.05 | 164.56% | $379.4M | $540.6M |
| Q1 2025 | May 8, 2025 | $1.92 | $2.39 | 24.39% | $393.3M | $398.5M |
| Q4 2024 | Feb 27, 2025 | $1.23 | $1.44 | 17.07% | $335.0M | $401.6M |
| Q3 2024 | Nov 7, 2024 | $1.36 | $0.34 | -74.94% | $340.2M | $309.5M |
| Q2 2024 | Aug 8, 2024 | $1.33 | $1.20 | -9.66% | $358.8M | $324.9M |
| Q1 2024 | May 9, 2024 | $1.37 | $1.81 | 31.66% | $364.2M | $385.4M |
| Q4 2023 | Feb 27, 2024 | $1.03 | −$0.04 | -103.88% | $337.8M | $260.7M |
| Q3 2023 | Nov 7, 2023 | $1.40 | $1.15 | -17.86% | $333.2M | $329.5M |
| Q2 2023 | Aug 7, 2023 | $1.08 | $0.71 | -34.18% | $314.8M | $298.1M |
| Q1 2023 | May 8, 2023 | $1.53 | $1.47 | -3.94% | $352.8M | $331.7M |
| Q4 2022 | Feb 28, 2023 | $1.57 | $0.98 | -37.68% | $337.0M | $336.7M |
| Q3 2022 | Nov 7, 2022 | $1.75 | $1.73 | -1.37% | $328.6M | $395.2M |
| Q2 2022 | Aug 8, 2022 | $1.66 | $1.44 | -13.02% | $301.3M | $345.2M |
| Q1 2022 | May 9, 2022 | $2.01 | $1.99 | -0.98% | $334.8M | $481.6M |
| Q4 2021 | Feb 28, 2022 | $2.23 | $2.50 | 12.25% | $336.2M | $394.5M |
| Q3 2021 | Nov 8, 2021 | $1.70 | $1.23 | -27.54% | $293.4M | $286.7M |

## Frequently Asked Questions

### When did Nelnet (NNI) last report earnings?

Nelnet last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did NNI beat earnings estimates?

No. Nelnet reported EPS of $1.77 for Q2 2026 against a $2.13 estimate — a 16.75% miss.

### How much revenue did NNI report last quarter?

Nelnet reported $410.0M in revenue for Q2 2026, against a consensus estimate of $419.9M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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