NYSE$NNI
Nelnet Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported GAAP net income of $30.8 million for the fourth quarter of 2022.
Nelnet reported GAAP net income of $30.8 million, or $0.83 per share, for Q4 2022, compared to $132.7 million, or $3.46 per share, for the same period a year ago. Net income, excluding derivative market value adjustments, was $36.4 million, or $0.98 per share, compared to $95.9 million, or $2.50 per share, for the same period in 2021.
- Core businesses, including servicing, payments and education technology, and financial services performed well in 2022.
- Expect quarterly earnings to be choppy as FFEL Program loans run off and other investments increase.
- A tremendous foundation was laid for long-term value creation in 2022.
- As of December 31, 2022, the company was servicing $587.5 billion in government-owned, FFEL Program, private education, and consumer loans for 17.6 million borrowers.
Headline financials
Revenue & EPS history
Nelnet · Revenue · Quarterly
$337M
Revenue by segment
Nelnet · $238M total across 2 segments · Q4 2022
- Loan Servicing & Systems$140M-6.9%58.7%
- EdTech & Payments$98.3M+21.5%41.3%
Forward guidance
This press release contains forward-looking statements within the meaning of federal securities laws. These statements are based on management's current expectations as of the date of this release and are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.9%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.9%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+16.6%
Q3 2016
Best reaction
-11.3%
Q4 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -13.6% | -8.2% | |
| Q4 2025 | -1.7% | +3.5% | -3.6% | |
| Q3 2025 | +2.2% | +0.1% | +0.5% | |
| Q1 2025 | +5.9% | +10.6% | +7.7% | |
| Q4 2024 | +9.3% | +6.7% | -0.3% | |
| Q3 2024 | -9.9% | -12.5% | -13.1% | |
| Q2 2024 | +1.1% | +2.6% | +4.5% | |
| Q1 2024 | +12.9% | +13.9% | +4.1% | |
| Q4 2023 | -3.7% | -3.1% | +7.3% | |
| Q3 2023 | -0.8% | -3.1% | -3.9% | |
| Q2 2023 | -2.1% | -4.1% | -7.9% | |
| Q1 2023 | -1.1% | -0.9% | +6.8% | |
| Q4 2022 | -3.0% | -2.5% | -3.3% | |
| Q3 2022 | +1.4% | +8.2% | +6.9% | |
| Q2 2022 | -0.2% | -2.3% | -11.3% | |
| Q1 2022 | -1.7% | -0.8% | +3.9% | |
| Q4 2021 | +0.0% | +1.6% | +5.6% | |
| Q3 2021 | -0.6% | +1.8% | +9.7% | |
| Q2 2021 | +2.8% | +2.5% | +8.3% | |
| Q1 2021 | -1.0% | +2.9% | -0.1% | |
| Q4 2020 | +1.0% | +2.7% | +3.6% | |
| Q3 2020 | +3.2% | +13.8% | +9.1% | |
| Q2 2020 | +2.2% | +1.8% | +5.2% | |
| Q1 2020 | -1.6% | -2.8% | +15.2% | |
| Q4 2019 | -5.5% | -10.1% | -24.6% | |
| Q3 2019 | -3.1% | -1.9% | -3.0% | |
| Q2 2019 | +7.8% | +6.8% | +5.7% | |
| Q1 2019 | +8.9% | +6.0% | +2.1% | |
| Q4 2018 | +1.5% | +1.2% | +2.0% | |
| Q3 2018 | -8.2% | -3.9% | -6.6% | |
| Q2 2018 | -2.9% | -3.1% | -4.5% | |
| Q1 2018 | +8.4% | +8.9% | +16.0% | |
| Q4 2017 | +6.9% | +6.7% | +1.2% | |
| Q3 2017 | -10.4% | -10.9% | -5.9% | |
| Q2 2017 | -0.6% | -5.3% | -0.5% | |
| Q1 2017 | -5.0% | -9.1% | -6.9% | |
| Q4 2016 | -11.3% | -8.9% | -15.0% | |
| Q3 2016 | +16.6% | +23.7% | +36.2% | |
| Q2 2016 | -11.1% | -11.7% | -9.5% | |
| Q1 2016 | -5.9% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | -4.6% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | -4.3% | — | — | |
| Q4 2014 | -0.6% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | +6.6% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | +11.8% | — | — | |
| Q3 2012 | +4.9% | — | — | |
| Q3 2013 | +4.9% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | +0.9% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q2 2012 | +3.9% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | +4.0% | — | — | |
| Q4 2010 | +4.0% | — | — | |
| Q1 2010 | +9.1% | — | — |
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