Nelnet Q4 2019 Earnings Report
Key Takeaways
Nelnet reported GAAP net income of $42.4 million, or $1.06 per share, for Q4 2019, compared to $21.6 million, or $0.53 per share, for the same period the previous year. Excluding derivative market value adjustments, net income was $44.6 million, or $1.12 per share, compared to $58.8 million, or $1.44 per share in 2018.
GAAP net income for Q4 2019 was $42.4 million, or $1.06 per share.
Net income, excluding derivative market value adjustments, was $44.6 million, or $1.12 per share.
Loan Servicing and Systems revenue was $113.1 million.
Education Technology, Services, and Payment Processing revenue increased by 16 percent to $63.6 million.
Nelnet
Nelnet
Nelnet Revenue by Segment
Forward Guidance
The Loan Servicing and Systems segment will continue to incur additional costs in 2020 to meet the increased service and security standards, as well as incur additional costs to be responsive to the Department's procurement. As a result, the company currently expects a significant decrease in this segment's operating margin and net income in 2020 from recent historical results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income