Navient Corporation (NAVI) Income Statement
NAVI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNAVI revenue and net income
Where NAVI's revenue goes
2025Each bar shows an amount and its share of revenue. NAVI kept −2.5% of revenue as net income.
NAVI profit margins
NAVI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −23.7% | +23.0% | −2.9% | −4.6% |
| Gross profit | +231.1% | +17.4% | +12.9% | +1.1% |
| Operating income | +1,331.6% | −5.3% | +36.2% | +4.7% |
| Net income | −161.1% | — | — | — |
| EPS (diluted) | −165.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NAVI quarterly EPS vs estimates
Navient beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.16).
NAVI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.23B | $4.23B | $4.84B | $1.74B | $2.21B | $3.73B | $5.48B | $5.59B | $5.18B | $4.96B |
| Cost of revenue | $421.0M | $3.39B | $3.68B | $444.0M | $1.21B | $2.20B | $3.75B | $4.04B | $3.40B | $2.87B |
| Gross profit | $2.81B | $848.0M | $1.16B | $1.74B | $1.00B | $1.53B | $1.74B | $1.55B | $1.78B | $2.09B |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $149.0M | $316.0M | $401.0M | $444.0M | $569.0M | $497.0M | $488.0M | $507.0M | $519.0M | $500.0M |
| Total operating expenses | $317.0M | $674.0M | $843.0M | $1.19B | −$1.27B | $1.00B | $975.0M | $1.02B | $1.02B | $986.0M |
| Operating income | $2.49B | $174.0M | $313.0M | $2.93B | $936.0M | $532.0M | $763.0M | $528.0M | $764.0M | $1.11B |
| Interest income | $3.11B | $3.81B | $4.36B | $3.22B | $2.65B | $3.30B | $4.67B | $4.91B | $4.38B | $4.15B |
| Interest expense | $2.58B | $3.27B | $3.56B | $2.10B | $1.32B | $2.05B | $3.49B | $3.67B | $2.97B | $2.44B |
| Income before taxes | −$111.0M | $174.0M | $313.0M | $827.0M | $936.0M | $532.0M | $763.0M | $528.0M | $764.0M | $1.11B |
| Income taxes | −$31.0M | $43.0M | $85.0M | $182.0M | $219.0M | $120.0M | $166.0M | $133.0M | $472.0M | $427.0M |
| Net income | −$80.0M | $131.0M | $228.0M | $645.0M | $717.0M | $412.0M | $597.0M | $395.0M | $292.0M | $681.0M |
| EBITDA | $2.47B | $174.0M | $313.0M | $2.95B | $966.0M | $554.0M | $793.0M | $575.0M | $787.0M | $1.14B |
| EPS (diluted) | −$1.28 | $1.97 | $2.44 | $3.29 | $3.18 | $3.42 | $2.61 | $2.00 | $1.77 | $1.83 |
| Gross margin | 87.0% | 20.0% | 23.9% | 100.0% | 45.4% | 41.1% | 31.7% | 27.8% | 34.4% | 42.2% |
| Operating margin | 77.1% | 4.1% | 6.5% | 168.6% | 42.3% | 14.2% | 13.9% | 9.4% | 14.7% | 22.3% |
| Net margin | −2.5% | 3.1% | 4.7% | 37.1% | 32.4% | 11.0% | 10.9% | 7.1% | 5.6% | 13.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682.0M | $695.0M | $761.0M | $800.0M | $806.0M | $828.0M | $977.0M | $1.00B | $1.09B | $1.16B | $1.15B | $1.30B |
| Cost of revenue | $27.0M | $564.0M | $88.0M | $807.0M | $687.0M | $702.0M | $771.0M | $870.0M | $857.0M | $887.0M | $976.0M | $951.0M |
| Gross profit | $655.0M | $131.0M | $673.0M | −$7.0M | $119.0M | $126.0M | $206.0M | $135.0M | $233.0M | $275.0M | $175.0M | $350.0M |
| Sales, general & admin | $27.0M | $89.0M | $88.0M | $32.0M | $35.0M | $49.0M | $57.0M | $72.0M | $87.0M | $101.0M | $99.0M | $99.0M |
| Total operating expenses | $82.0M | $120.0M | $47.0M | $110.0M | $101.0M | $131.0M | $180.0M | $123.0M | $185.0M | $187.0M | $211.0M | $240.0M |
| Operating income | $573.0M | $11.0M | $626.0M | −$117.0M | $18.0M | −$5.0M | $26.0M | $12.0M | $48.0M | $88.0M | −$36.0M | $110.0M |
| Interest income | $682.0M | $695.0M | $747.0M | $781.0M | $778.0M | $802.0M | $861.0M | $948.0M | $973.0M | $1.03B | $1.08B | $1.17B |
| Interest expense | $564.0M | $564.0M | $621.0M | $639.0M | $650.0M | $672.0M | $726.0M | $828.0M | $843.0M | $875.0M | $921.0M | $879.0M |
| Income before taxes | $39.0M | $32.0M | −$7.0M | −$117.0M | $18.0M | −$5.0M | $26.0M | $12.0M | $48.0M | $88.0M | −$36.0M | $110.0M |
| Income taxes | $14.0M | $15.0M | −$2.0M | −$31.0M | $4.0M | −$3.0M | $2.0M | $14.0M | $12.0M | $15.0M | −$8.0M | $31.0M |
| Net income | $25.0M | $17.0M | −$5.0M | −$86.0M | $14.0M | −$2.0M | $24.0M | −$2.0M | $36.0M | $73.0M | −$28.0M | $79.0M |
| EBITDA | $570.0M | $15.0M | $615.0M | −$117.0M | $19.0M | −$5.0M | $26.0M | $12.0M | $48.0M | $88.0M | −$36.0M | $110.0M |
| EPS (diluted) | $0.29 | $0.20 | $0.02 | −$0.84 | $0.20 | −$0.66 | −$0.24 | $1.45 | $0.29 | $0.47 | $0.21 | $0.47 |
| Gross margin | 96.0% | 18.8% | 88.4% | −0.9% | 14.8% | 15.2% | 21.1% | 13.4% | 21.4% | 23.7% | 15.2% | 26.9% |
| Operating margin | 84.0% | 1.6% | 82.3% | −14.6% | 2.2% | −0.6% | 2.7% | 1.2% | 4.4% | 7.6% | −3.1% | 8.5% |
| Net margin | 3.7% | 2.4% | −0.7% | −10.8% | 1.7% | −0.2% | 2.5% | −0.2% | 3.3% | 6.3% | −2.4% | 6.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NAVI's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NAVI financial results
In fiscal year 2025 (ended December 31, 2025), Navient reported revenue of $3.2 billion, down 23.7% from the year before. It had a net loss of $80.0 million, a net profit margin of −2.5%. Diluted earnings per share came to −$1.28. Over five years revenue grew at an average rate of −2.9% a year.
See the NAVI stock overview for the latest quote and news, or the NAVI chart for price history and technical indicators.
NAVI income statement FAQ
What is Navient's annual revenue?
Navient reported total revenue of $3.2 billion for fiscal year 2025, which ended on December 31, 2025. That was down 23.7% from $4.2 billion the previous year.
Is Navient profitable?
No. Navient reported a net loss of $80.0 million in fiscal 2025, a net profit margin of −2.5%; its operating margin was 77.1%.
What is Navient's gross margin?
Navient's gross margin was 87.0% in fiscal 2025: for every $100 of revenue, Navient kept $87 after the direct cost of its products and services.
How fast is Navient growing?
Revenue grew −2.9% a year on average over the last five fiscal years, from $3.7 billion to $3.2 billion.
What are Navient's earnings per share?
Navient earned $-1.28 per diluted share in fiscal 2025, compared with $1.97 a year earlier.
When will Navient report its next earnings?
Navient is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Navient's fiscal year end?
Navient's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.