Nelnet — Third Quarter 2026 Earnings Summary

Nelnet reported GAAP net income of $76.2 million, or $2.13 per share, for the third quarter of 2026, a decrease from $106.7 million in the same period of 2025. Excluding derivative market value adjustments, net income was $67.9 million, or $1.89 per share, compared to $107.3 million in the prior year. The company's Asset Generation and Management segment saw loan and investment net interest income rise to $65.2 million, driven by higher loan spreads and growth in consumer loans, while the Nelnet Bank segment reported net income of $12.0 million. Additionally, Nelnet announced a fourth-quarter cash dividend of $0.36 per share and continued its share repurchase program, having bought back 731,932 Class A shares for $93.7 million in the first nine months of 2026.