NASDAQ$NAVI

Navient Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Navient Corp reported GAAP net income of $14 million for the second quarter ended June 30, 2025.

Navient reported GAAP net income of $14 million ($0.13 diluted EPS) for Q2 2025, down from $36 million in the prior year quarter. Core Earnings net income was $21 million ($0.20 per share). The company originated $500 million of Private Education Loans, repurchased $24 million of common stock and paid $16 million in dividends while reducing operating expenses to $100 million.

  • GAAP net income fell to $14 million from $36 million year-over-year primarily due to lower net interest income and higher loan loss provisions.
  • Core Earnings net income was $21 million with Federal Education Loans net interest margin at 0.70% and Consumer Lending margin at 2.32%.
  • Private Education Loan originations reached $500 million, an increase from $278 million in the year-ago quarter.
  • Operating expenses declined to $100 million and the company returned $40 million to shareholders through share repurchases and dividends.

Headline financials

EPS (adj)

$0.20

Previous: $0.32-37.5%
Federal Education Loans Net Interest Margin

0.0%

No prior period
Consumer Lending Net Interest Margin

0.0%

No prior period
FFELP Loan Prepayments

$228M

No prior period
Private Education Loan Originations

$500M

No prior period
Operating Expenses

$100M

No prior period
Common Stock Repurchased

$24M

No prior period
Common Stock Dividends Paid

$16M

No prior period
Net Income

$14M

Previous: $36M-61.1%
Operating Income

-$54M

Previous: -$45M-20.0%
Cash & Equivalents

$712M

Previous: $1.09B-34.6%
Total Assets

$50.2B

Previous: $56.6B-11.3%

Revenue & EPS history

Navient · Revenue · Quarterly

$115M

Q4 2025-14.2%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company expects continued growth in Private Education Loan originations driven by the elimination of the GradPLUS loan program effective July 1, 2026, and anticipates realizing significant cost savings from the outsourced servicing model over the remaining life of the FFELP portfolio.

Tailwinds

  • Strong growth in Private Education Loan originations nearly doubling year-over-year.
  • Reduced operating expenses and progress on strategic cost reduction initiatives.
  • Maintained strong capital position with Adjusted Tangible Equity Ratio of 9.8%.

Headwinds

  • Continued paydown of loan portfolios impacting net interest income.
  • Higher provisions for loan losses due to increased originations and macroeconomic outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+1.4%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+13.0%

Q2 2020

Best reaction

-18.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+3.7%-2.2%-6.8%
Q4 2025-18.7%-17.1%-27.0%
Q3 2025-9.8%-5.7%-4.2%
Q1 2025-2.5%+0.6%+5.8%
Q4 2024-3.3%-6.8%-4.6%
Q3 2024-6.0%-6.2%+2.9%
Q2 2024+0.4%+3.6%+3.7%
Q1 2024-5.1%-6.3%-8.9%
Q4 2023+2.1%-11.0%-10.5%
Q3 2023-6.3%-7.1%-1.6%
Q2 2023-2.9%-1.6%-9.7%
Q1 2023+3.5%+2.1%-2.8%
Q4 2022+4.4%+5.0%+3.2%
Q3 2022-6.8%-2.6%+4.2%
Q2 2022+7.1%+4.9%+6.3%
Q1 2022-4.5%-7.4%-8.4%
Q4 2021-12.1%-10.5%-4.5%
Q3 2021-3.4%-0.9%+3.6%
Q2 2021-3.2%-0.4%+9.6%
Q1 2021+6.0%+10.1%+19.7%
Q4 2020-1.4%-0.6%+8.1%
Q3 2020-5.7%-3.5%+7.0%
Q2 2020+13.0%+13.6%+22.5%
Q1 2020-6.5%-0.4%+1.7%
Q4 2019+9.5%+9.0%+4.3%
Q3 2019+8.2%+14.3%+19.5%
Q2 2019+12.3%+4.8%-3.4%
Q1 2019+7.5%+9.5%+7.5%
Q4 2018+1.8%+5.8%+12.9%
Q3 2018-5.4%-6.5%-10.5%
Q2 2018-6.3%-5.5%-5.7%
Q1 2018-1.2%-0.4%+8.7%
Q4 2017+7.3%+7.5%-3.3%
Q3 2017+2.1%+5.4%+8.8%
Q2 2017-7.3%-9.3%-17.3%
Q1 2017+1.2%+5.7%-8.2%
Q4 2016-1.2%-4.4%-2.8%
Q3 2016-0.9%-3.9%+30.4%
Q2 2016+3.5%+3.7%+4.9%
Q1 2016+3.6%
Q4 2015+6.8%
Q3 2015+5.1%
Q2 2015-1.2%
Q1 2015+0.6%
Q4 2012-10.7%
Q4 2014+0.1%
Q3 2013+2.7%
Q3 2014+1.0%
Q2 2013-0.2%
Q2 2014+0.0%
Q4 2013-3.0%
Q1 2013-3.0%
Q1 2014-3.0%

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