In Q3 FY2017, Nelnet reported net income of $71.1 million, a decrease of 13.8% year-over-year. Diluted EPS was $1.97, down 12.8% from the prior year. Revenue was not disclosed for the quarter.
•Net income of $71.1 million, down 13.8% YoY.
•Diluted EPS of $1.97, down 12.8% YoY.
•Revenue not reported for Q3 FY2017.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Nelnet provides loan servicing, education technology services, and payment businesses globally. Its operations are structured into four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank.
The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.
This segment also offers student loan servicing software; and business process outsourcing services primarily in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels, and processing and administrative services.
The Education Technology Services and Payments segment provides financial management services. Its portfolio also includes school information system software, a donation platform, education technology solutions, and customized professional development and coaching, and advanced learning and educational instruction services. This segment also offers tuition payment plans, and service and technology for student billings, payments, and refunds.
Its portfolio also includes solutions for in-person, online, and mobile payment experiences on campus, payment processing services, such as credit card and electronic transfer, learning management system, an integrated commerce payment platform, and a school management platform that provides administrative, information and financial management, and communication functions for K-12 schools.
The Asset Generation and Management segment invest, allocates an manages loan assts. The Nelnet Bank segment operates as an internet industrial bank, as well as investment advisory, investment, and reinsurance services, as well as engages in the real estate investment solar engineering, procurement, and construction businesses. Founded in 1977, the company is headquartered in Lincoln, Nebraska.
Nelnet, Inc. is a financial services company that provides loan servicing, education technology services, and payment businesses globally. Its operations are structured into four segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. The Loan Servicing and Systems segment offers loan conversion, application processing, borrower updates, customer and payment processing, due diligence, funds management reconciliation, and claim processing services, as well as student loan servicing software and business process outsourcing. The Education Technology Services and Payments segment provides financial management services, school information system software, a donation platform, education technology solutions, professional development, and tuition payment plans. It also offers payment processing services like credit card and electronic transfer, a learning management system, and an integrated commerce payment platform.
Where is Nelnet (NNI) listed and what currency does it trade in?
Nelnet, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol NNI. The company trades in United States Dollars (USD), which is the currency of its home country, the United States. Being listed on a major US exchange like the NYSE provides liquidity and visibility to investors worldwide.
What sector and industry does Nelnet (NNI) operate in?
Nelnet, Inc. operates in the Financial Services sector, specifically within the Credit Services industry. This means the company is primarily involved in providing credit-related services, such as loan servicing and payment processing. As a credit services firm, Nelnet focuses on managing and servicing loans, particularly student loans, and offers technology solutions that facilitate financial transactions and education management.
Where is Nelnet (NNI) headquartered and what markets does it serve?
Nelnet, Inc. is headquartered in the United States and serves markets globally. While the company's headquarters is in the US, its operations extend internationally, providing loan servicing, education technology, and payment services to clients around the world. The company's global reach allows it to offer its suite of services—including student loan servicing software, payment processing, and education technology solutions—to a diverse customer base across multiple countries.
How does Nelnet (NNI) make money?
Nelnet generates revenue through its four business segments. The Loan Servicing and Systems segment earns fees from loan conversion, application processing, borrower updates, payment processing, and claim processing services, as well as from student loan servicing software and business process outsourcing. The Education Technology Services and Payments segment generates income from financial management services, school information system software, tuition payment plans, and payment processing services like credit card and electronic transfers. The Asset Generation and Management segment and Nelnet Bank also contribute to earnings through asset management and banking activities. Overall, Nelnet's diversified portfolio allows it to profit from both servicing existing loans and providing technology-driven solutions to educational institutions and students.