Company / Cost of Revenue
NELNET INC Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$226.3M
FY2025
5-year range
$108.7M / $252.3M
FY2021-FY2025
Trend
-10.3%
vs FY2024
Sector context
#20 of 38
Financials
What the data says
At $226M, NELNET INC's cost of revenue ranks #19 of 38 in the Financials sector. Increased from $220M to $226M over the past 2 years.
Based on SEC 10-K filings.
$226M in FY2025 with a 5-year CAGR of +16.6%.
Increased from $220M to $226M over the past 2 years.
Financials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +10.4%
- 5-Year CAGR
- +16.6%
- 10-Year CAGR
- -
Sector benchmark
#19 of 38 in FinancialsTop 47% of 38This company $226.3M Sector average $1.3B
▼
-82.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +16.6%, indicating consistent growth.
- In FY2025, cost of revenue decreased 10.3% year-over-year.
- Ranks #20 out of 38 companies in the Financials sector.
- Peak cost of revenue was recorded in FY2024.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $226.3M | -10.3% |
| FY2024 | $252.3M | +14.8% |
| FY2023 | $219.8M | +30.5% |
| FY2022 | $168.4M | +55.0% |
| FY2021 | $108.7M | +3.5% |
| FY2020 | $105.0M | +2.9% |
| FY2019 | $102.0M | +33.4% |
| FY2018 | $76.5M | +30.5% |
| FY2017 | $58.6M | +14.5% |
| FY2016 | $51.2M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026