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Jun 30, 2022
Nelnet Q2 2022 Earnings Report
Nelnet reported an increase in GAAP net income and made strategic investments for long-term growth.
Key Takeaways
Nelnet reported GAAP net income of $85.1 million, or $2.26 per share, for the second quarter of 2022. The company made investments for long-term growth and value creation, including product and technology investments. Core loan servicing and payment processing businesses increased revenue and added customers.
GAAP net income was $85.1 million, or $2.26 per share.
Net income, excluding derivative market value adjustments, was $54.4 million, or $1.44 per share.
Loan Servicing and Systems segment revenue increased to $124.9 million.
Education Technology, Services, and Payment Processing segment revenue was $91.0 million.
Nelnet
Nelnet
Nelnet Revenue by Segment
Revenue by Segment
Asset Generation & Management Revenue
CapyFin.comLoan Servicing & Systems Revenue
CapyFin.comEducation Technology Services & Payments Revenue
CapyFin.com 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income