Nelnet Q3 2022 Earnings Report
Key Takeaways
Nelnet reported GAAP net income of $104.8 million, or $2.80 per share, for the third quarter of 2022, compared with GAAP net income of $53.1 million, or $1.38 per share, for the same period a year ago. Net income, excluding derivative market value adjustments, was $64.5 million, or $1.73 per share, for the third quarter of 2022, compared with $47.6 million, or $1.23 per share, for the same period in 2021.
GAAP net income was $104.8 million, or $2.80 per share.
Net income, excluding derivative market value adjustments, was $64.5 million, or $1.73 per share.
Loan Servicing and Systems revenue increased to $134.2 million.
Education Technology, Services, and Payment Processing revenue was $106.9 million.
Nelnet
Nelnet
Nelnet Revenue by Segment
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