Nelnet Inc - Company Profile
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Nelnet Inc (Nelnet) is a diversified hybrid holding company primarily involved in consumer lending, loan servicing, payments, and technology, with a significant focus on the education sector. The company's major services include loan servicing, education technology services, and payment services. Nelnet's products and services serve a diverse range of customers, including K-12 schools, higher education institutions, churches, and businesses. The company operates through various divisions and partners with third-party industries and software platforms to provide secure payment processing services. Nelnet's operations are primarily based in the US, with international services extending to Australia, New Zealand, and Southeast Asia. Nelnet is headquartered in Lincoln, Nebraska, the US.
Headquarters
United States of America
Address
Ste 201, 121 South 13th St, Lincoln, Nebraska, 68508
Website
www.nelnet.com
Telephone
1 402 4582370
No of Employees
5,744
Industry
Financial Services
Ticker Symbol & Exchange
NNI (NYSE)
Revenue (2024)
$2.0B
-4.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
132.8%
(2024 vs 2023)
Market Cap*
$4.8B
Net Profit Margin (2024)
XYZ
144.2%
(2024 vs 2023)
* As of and is in US$
Nelnet Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| FFELP Loans | Investments | Nelnet |
| Consumer Loans | Outsourcing Services | FACTS |
| Student Loans | Education Technology Services | Nelnet Campus Commerce |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In November, the company sold Nelnet Renewable Energy to MARS Energy Group, an energy infrastructure company. |
| 2025 | Contracts/Agreements | In October, Nelnet Canada Inc entered into an agreement with DH Corporation to acquire Finastra’s Canadian student loan servicing business. |
| 2025 | New Products/Services | In July, the company launched Notify, a communication platform through Nelnet Business Services. |
Competitor Comparison
| Key Parameters | Nelnet Inc | SoFi Technologies Inc | SLM Corp | Navient Corp | Cognition Financial Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Lincoln | San Francisco | Newark | Herndon | Dublin |
| State/Province | Nebraska | California | Delaware | Virginia | Ohio |
| No. of Employees | 5,744 | 6,100 | 1,788 | 670 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael S. Dunlap | Chairman | Executive Board | 2014 | 63 |
| Matthew W. Dunlap | Chief-Business Development Officer; Director; President - Nelnet Financial Services | Executive Board | 2022 | 37 |
| Jeffrey R. Noordhoek | Chief Executive Officer | Senior Management | 2014 | 60 |
| James D. Kruger | Chief Financial Officer | Senior Management | 2014 | 63 |
| Terry J. Heimes | Chief Operating Officer | Senior Management | 2014 | 61 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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