Earnings ·
Nelnet, Inc. reported second quarter 2026 financial results with GAAP net income of $66.7 million, or $1.85 per share…
NNINelnet Inc
Nelnet, Inc. reported second quarter 2026 financial results with GAAP net income of $66.7 million, or $1.85 per share, compared to $181.5 million, or $4.97 per share, in the prior year period. The decline was primarily driven by a $175.0 million gain from the partial redemption of an ALLO investment recorded in 2025. Excluding derivative market value adjustments, net income was $63.9 million, or $1.77 per share. Nelnet also declared a third-quarter cash dividend of $0.33 per share, payable on September 15, 2026, to shareholders of record as of September 1, 2026. The company operates in the education technology and financial services industry, providing student loan servicing, payments, and consumer lending.