---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-24-000038"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:00:09.604214+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q1 GAAP EPS $1.97 vs $0.71 YoY; adj EPS $1.81; repurchases $75.3M

## Summary
- GAAP net income $73.2M ($1.97/share) vs $26.5M ($0.71) in Q1 2023.
- Adj net income ex-derivative $67.2M ($1.81/share) vs $54.9M ($1.47) YoY.
- AGM segment net income $25.6M after tax vs loss of $0.2M; loan acquisitions $80.7M.
- Education Tech & Payments revenue $143.5M (up 7.4% YoY); net income $36.2M.
- YTD repurchased 817,826 shares for $75.3M at avg $92.01; dividend $0.28/share payable June 14.

## SEC filing metadata
- accession: 0001258602-24-000038
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000038/0001258602-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000038/nni-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-24-000038
- JSON: https://secwatch.observer/filing/0001258602-24-000038.json
- Plain text: https://secwatch.observer/filing/0001258602-24-000038.txt

## Key facts
- Earnings Releases
  NELNET INC reported the first quarter of 2024 results: net income $73.2 million, EPS $1.97 per share.
  - Period: the first quarter of 2024
  - Net income: $73.2 million
  - EPS: $1.97 per share
  - Result: reported results
  source text: Nelnet (NYSE: NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860224000038/0001258602-24-000038-index.htm

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