---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-22-000059"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:02:11.575267+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q3 GAAP EPS $2.80 up 103% YoY; adjusted EPS $1.73 up 41%

## Summary
- GAAP net income $104.8M ($2.80/share) vs $53.1M ($1.38) a year ago.
- Adjusted net income (ex-derivative MVA) $64.5M ($1.73/share) vs $47.6M ($1.23).
- Loan Servicing & Systems revenue $134.2M (+19% YoY); servicing $590.4B for 17.5M borrowers.
- Education Technology revenue $106.9M (+25% YoY); revenue less direct costs $64.2M.
- Board declared Q4 dividend $0.26/share, payable Dec 15, record Dec 1; $93.2M spent on buybacks YTD.

## SEC filing metadata
- accession: 0001258602-22-000059
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000059/0001258602-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000059/nni-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-22-000059
- JSON: https://secwatch.observer/filing/0001258602-22-000059.json
- Plain text: https://secwatch.observer/filing/0001258602-22-000059.txt

## Key facts
- Earnings Releases
  NELNET INC reported the quarter ended September 30, 2022 results: net income $104.8 million, EPS $2.80 per share.
  - Period: the quarter ended September 30, 2022
  - Net income: $104.8 million
  - EPS: $2.80 per share
  - Result: reported results
  source text: On November 7, 2022, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860222000059/0001258602-22-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.