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Navient (NAVI) Financials

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$8.14 +0.26 (+3.23%)
As of 03:29 PM Eastern
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Annual Income Statements for Navient

Annual Income Statements for Navient

This table shows Navient's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 984 681 292 395 597 412 717 645 228 131 -80
Consolidated Net Income / (Loss)		 984 681 292 395 597 412 717 645 228 131 -80
Net Income / (Loss) Continuing Operations		 983 681 292 395 597 412 717 645 228 131 -80
Total Pre-Tax Income 		1,580 1,108 764 528 763 532 936 827 313 174 -111
Total Revenue		 3,123 2,524 2,208 1,942 2,041 1,682 2,138 1,737 1,271 1,152 610
Net Interest Income / (Expense)		 2,221 1,705 1,412 1,240 1,185 1,252 1,332 1,121 862 536 519
Total Interest Income		 4,303 4,146 4,383 4,908 4,673 3,298 2,648 3,223 4,419 3,809 3,108
Investment Securities Interest Income		 4,303 4,146 4,383 4,908 4,673 3,298 2,648 3,223 4,419 3,809 3,108
Total Interest Expense		 2,074 2,441 2,971 3,668 3,488 2,046 1,316 2,102 3,557 3,273 2,589
Total Non-Interest Income		 902 819 796 702 856 430 806 616 409 616 91
Service Charges on Deposit Accounts		 - 304 290 274 240 214 168 77 64 54 51
Other Service Charges		 357 7.00 9.00 17 45 20 30 32 21 30 47
Net Realized & Unrealized Capital Gains on Investments		 178 118 22 -19 83 -262 69 171 3.00 261 -30
Other Non-Interest Income		 367 390 475 430 488 458 539 336 321 271 23
Provision for Credit Losses		 581 429 426 370 258 155 -61 79 123 113 280
Total Non-Interest Expense		 962 987 1,018 1,044 1,020 995 1,263 831 835 865 441
Salaries and Employee Benefits		 467 500 519 507 488 497 569 444 401 316 149
Other Operating Expenses		 451 451 447 477 496 467 638 332 399 364 272
Amortization Expense		 12 36 23 47 30 22 30 19 10 146 3.00
Restructuring Charge		 32 0.00 29 13 6.00 9.00 26 36 25 39 17
Income Tax Expense		 597 427 472 133 166 120 219 182 85 43 -31
Basic Earnings per Share		 $2.62 $2.15 $1.06 $1.52 $2.59 $2.14 $4.23 $4.54 $1.87 $1.20 ($0.81)
Weighted Average Basic Shares Outstanding		 376M 316M 275M 260M 230M 193M 170M 142M 122M 109M 99M
Diluted Earnings per Share		 $2.58 $2.12 $1.04 $1.49 $2.56 $2.12 $4.18 $4.49 $1.85 $1.18 ($0.81)
Weighted Average Diluted Shares Outstanding		 382M 322M 281M 264M 233M 195M 172M 144M 123M 111M 99M
Weighted Average Basic & Diluted Shares Outstanding		 374.80M 291.01M 275M 259.90M 193.33M 183.77M 152.13M 128.94M 112.75M 102.28M 95.09M
Cash Dividends to Common per Share		 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64 $0.64

Quarterly Income Statements for Navient

This table shows Navient's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 79 -28 73 36 -2.00 24 -2.00 14 -86 -6.00 17
Consolidated Net Income / (Loss)		 79 -28 73 36 -2.00 24 -2.00 14 -86 -6.00 17
Net Income / (Loss) Continuing Operations		 79 -28 73 36 -2.00 24 -2.00 14 -86 -6.00 17
Total Pre-Tax Income 		110 -37 88 48 12 26 -5.00 18 -117 -7.00 32
Total Revenue		 422 220 287 247 396 222 156 156 161 137 152
Net Interest Income / (Expense)		 291 159 152 130 120 134 130 128 142 119 131
Total Interest Income		 1,170 1,081 1,027 973 948 861 802 778 781 747 695
Investment Securities Interest Income		 1,170 1,081 1,027 973 948 861 802 778 781 747 695
Total Interest Expense		 879 922 875 843 828 727 672 650 639 628 564
Total Non-Interest Income		 131 61 135 117 276 88 26 28 19 18 21
Service Charges on Deposit Accounts		 15 16 17 18 13 6.00 13 14 13 11 11
Other Service Charges		 5.00 5.00 9.00 4.00 10 7.00 15 19 10 3.00 5.00
Net Realized & Unrealized Capital Gains on Investments		 26 -41 32 14 183 32 -25 -5.00 -4.00 4.00 5.00
Other Non-Interest Income		 85 81 77 81 70 43 23 0.00 0.00 - 0.00
Provision for Credit Losses		 72 54 12 14 42 45 30 37 168 45 27
Total Non-Interest Expense		 240 203 187 185 342 151 131 101 110 99 93
Salaries and Employee Benefits		 99 99 101 87 72 56 49 35 32 33 32
Other Operating Expenses		 134 101 82 79 112 91 78 65 73 56 57
Amortization Expense		 3.00 1.00 3.00 3.00 140 - 1.00 1.00 1.00 - 4.00
Restructuring Charge		 4.00 2.00 1.00 16 18 4.00 3.00 0.00 4.00 10 0.00
Income Tax Expense		 31 -9.00 15 12 14 2.00 -3.00 4.00 -31 -1.00 15
Basic Earnings per Share		 $0.66 ($0.19) $0.65 $0.32 ($0.02) $0.25 ($0.02) $0.14 ($0.87) ($0.06) $0.18
Weighted Average Basic Shares Outstanding		 120M 122M 113M 111M 108M 109M 102M 100M 98M 99M 95M
Diluted Earnings per Share		 $0.65 ($0.18) $0.64 $0.32 ($0.02) $0.24 ($0.02) $0.13 ($0.87) ($0.05) $0.17
Weighted Average Diluted Shares Outstanding		 121M 123M 114M 112M 108M 111M 102M 101M 98M 99M 96M
Weighted Average Basic & Diluted Shares Outstanding		 117.57M 112.75M 111.82M 109.41M 107.36M 102.28M 101.33M 99.43M 97.51M 95.09M 93.98M
Cash Dividends to Common per Share		 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16 $0.16

Annual Cash Flow Statements for Navient

This table details how cash moves in and out of Navient's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 151 -474 -66 616 -1,481 -244 41 1,229 -2,014 -690 1.00
Net Cash From Operating Activities		 1,910 1,347 1,158 1,140 1,019 987 702 305 676 459 441
Net Cash From Continuing Operating Activities		 1,910 1,347 1,155 1,140 1,019 987 702 305 676 459 441
Net Income / (Loss) Continuing Operations		 984 681 292 395 597 412 717 645 228 131 -80
Consolidated Net Income / (Loss)		 984 681 292 395 597 412 717 645 228 131 -80
Provision For Loan Losses		 581 429 426 370 258 155 -61 79 123 113 280
Amortization Expense		 12 36 23 47 30 22 30 19 10 146 3.00
Non-Cash Adjustments to Reconcile Net Income		 -773 -303 -48 43 94 364 -416 -571 179 -143 145
Changes in Operating Assets and Liabilities, net		 1,106 504 462 285 40 34 432 133 136 212 93
Net Cash From Investing Activities		 10,686 11,282 7,118 10,360 7,485 6,448 6,673 10,585 7,357 8,466 2,712
Net Cash From Continuing Investing Activities		 10,686 11,282 7,118 10,360 7,485 6,448 6,673 10,585 7,357 8,466 2,712
Purchase of Investment Securities		 -4,265 -3,690 -7,371 -3,728 -5,395 -4,731 -6,052 -1,955 -965 -1,393 -2,495
Sale and/or Maturity of Investments		 798 14,972 14,673 115 408 11,179 12,725 12,540 8,322 9,500 5,182
Other Investing Activities, net		 14,153 0.00 -184 13,973 12,472 0.00 0.00 0.00 0.00 359 25
Net Cash From Financing Activities		 -12,445 -13,103 -8,342 -10,884 -9,985 -7,679 -7,334 -9,661 -10,047 -9,615 -3,152
Net Cash From Continuing Financing Activities		 -12,445 -13,103 -8,342 -10,884 -9,985 -7,679 -7,334 -9,661 -10,047 -9,615 -3,152
Issuance of Debt		 5,504 1,231 10,053 495 0.00 682 1,237 0.00 989 0.00 495
Repayment of Debt		 -16,519 -13,140 -17,746 -10,831 -9,209 -7,646 -8,061 -9,259 -10,547 -9,287 -3,561
Repurchase of Common Equity		 -945 -755 -440 -220 -440 -400 -600 -400 -310 -179 -111
Payment of Dividends		 -240 -201 -176 -166 -147 -123 -107 -91 -78 -70 -63
Other Financing Activities, Net		 -245 -238 -33 -162 -189 -192 197 89 -101 -79 88
Cash Interest Paid		 1,981 2,301 2,872 3,460 3,479 2,059 1,378 1,904 3,431 3,238 2,563
Cash Income Taxes Paid		 102 253 158 63 97 74 201 42 62 41 33

Quarterly Cash Flow Statements for Navient

This table details how cash moves in and out of Navient's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -467 -8.00 155 1,058 -1,213 -690 -48 22 -205 232 27
Net Cash From Operating Activities		 122 310 182 279 -10 8.00 71 126 70 174 -47
Net Cash From Continuing Operating Activities		 122 310 182 279 -10 8.00 71 126 70 174 -47
Net Income / (Loss) Continuing Operations		 79 -28 73 36 -2.00 24 -2.00 13 -86 -5.00 17
Consolidated Net Income / (Loss)		 79 -28 73 36 -2.00 24 -2.00 13 -86 -5.00 17
Provision For Loan Losses		 71 55 12 14 42 45 30 37 169 44 27
Amortization Expense		 3.00 2.00 3.00 2.00 140 1.00 1.00 1.00 - 1.00 4.00
Non-Cash Adjustments to Reconcile Net Income		 -45 166 -31 13 -97 -28 60 45 20 20 -11
Changes in Operating Assets and Liabilities, net		 14 115 125 214 -93 -34 -18 30 -33 114 -84
Net Cash From Investing Activities		 1,659 2,024 2,330 3,268 1,961 907 661 745 559 747 691
Net Cash From Continuing Investing Activities		 1,659 2,024 2,330 3,268 1,961 907 661 745 559 747 691
Purchase of Investment Securities		 -303 -224 -363 -247 -407 -376 -603 -449 -702 -714 -947
Sale and/or Maturity of Investments		 5.00 8,316 14 -6.00 351 9,141 1,239 2,408 1,261 1,461 16
Other Investing Activities, net		 1,957 -6,068 2,679 3,521 2,017 -7,858 25 -1,214 - - 1,622
Net Cash From Financing Activities		 -2,248 -2,342 -2,357 -2,489 -3,164 -1,605 -780 -849 -834 -689 -617
Net Cash From Continuing Financing Activities		 -2,248 -2,342 -2,357 -2,489 -3,164 -1,605 -780 -849 -834 -689 -617
Issuance of Debt		 208 -835 201 283 13 -497 0.00 -48 - - 872
Repayment of Debt		 -2,276 -1,432 -2,451 -2,710 -3,135 -991 -724 -796 -801 -697 -1,456
Repurchase of Common Equity		 -75 -70 -43 -38 -33 -65 -35 -24 -26 -26 -23
Payment of Dividends		 -19 -19 -18 -17 -18 -17 -16 -16 -16 -15 -15
Other Financing Activities, Net		 -86 14 -46 -7.00 9.00 -35 -5.00 35 9.00 49 5.00
Cash Interest Paid		 880 863 866 814 851 707 703 611 665 584 591
Cash Income Taxes Paid		 24 27 8.00 23 2.00 8.00 1.00 - 29 3.00 2.00

Annual Balance Sheets for Navient

This table presents Navient's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 134,046 121,136 114,991 104,176 94,903 87,412 80,605 70,795 61,375 51,789 48,681
Cash and Due from Banks		 1,594 1,253 1,518 1,286 1,233 1,183 905 1,535 839 722 637
Restricted Cash		 7,291 7,034 3,128 3,976 2,548 2,354 2,673 3,272 1,954 1,381 1,467
Trading Account Securities		 506 353 2.00 0.00 19 15 74 0.00 0.00 143 166
Loans and Leases, Net of Allowance		 122,796 111,070 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible Assets		 705 670 810 786 757 735 725 705 695 437 434
Other Assets		 16,767 4,529 109,533 98,128 90,346 83,125 76,228 65,116 57,741 49,106 61,428
Total Liabilities & Shareholders' Equity		 134,046 121,136 114,991 104,176 94,903 87,412 80,605 70,795 61,375 51,789 48,681
Total Liabilities		 130,113 117,413 111,506 100,629 91,554 84,965 77,997 67,818 58,615 49,148 46,282
Short-Term Debt		 2,570 2,334 4,771 5,422 8,483 6,613 2,490 5,870 4,226 5,134 5,073
Long-Term Debt		 124,833 112,368 105,012 93,519 81,715 77,332 74,488 61,026 53,402 43,184 40,633
Other Long-Term Liabilities		 2,710 2,711 1,723 1,688 1,356 1,020 1,019 922 987 830 576
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,933 3,723 3,485 3,547 3,349 2,447 2,608 2,977 2,760 2,641 2,399
Total Preferred & Common Equity		 3,909 3,699 3,454 3,519 3,336 2,433 2,597 0.00 0.00 2,641 2,399
Preferred Stock		 - - - - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 3,909 3,699 3,454 3,519 3,336 2,433 2,597 2,977 2,760 2,641 2,399
Common Stock		 2,971 3,026 3,081 3,149 3,202 3,230 3,286 3,317 3,357 3,384 3,407
Retained Earnings		 2,414 2,890 3,004 3,218 3,664 3,331 3,939 4,490 4,638 4,697 4,552
Treasury Stock		 -1,425 -2,223 -2,692 -2,961 -3,439 -3,854 -4,495 -4,917 -5,254 -5,443 -5,562
Accumulated Other Comprehensive Income / (Loss)		 -51 6.00 61 113 -91 -274 -133 87 19 3.00 2.00

Quarterly Balance Sheets for Navient

This table presents Navient's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 73,625 66,913 65,598 63,414 59,029 56,622 53,440 50,950 50,222 49,306 48,004
Cash and Due from Banks		 1,364 570 1,317 977 823 1,088 1,143 642 712 571 621
Restricted Cash		 5,059 2,208 1,951 1,824 2,125 2,918 1,650 1,413 1,365 1,301 1,510
Trading Account Securities		 62 57 158 149 129 132 140 125 135 147 148
Loans and Leases, Net of Allowance		 194,264 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible Assets		 708 703 700 697 692 690 438 437 436 435 430
Other Assets		 4,297 81,650 79,204 77,100 71,868 68,032 66,074 78,577 77,192 75,804 60,944
Total Liabilities & Shareholders' Equity		 73,625 66,913 65,598 63,414 59,029 56,622 53,440 50,950 50,222 49,306 48,004
Total Liabilities		 70,652 63,955 62,668 60,516 56,263 53,874 50,746 48,361 47,658 46,867 45,625
Short-Term Debt		 5,677 5,753 4,838 4,662 4,427 5,326 5,305 4,855 4,752 4,920 5,870
Long-Term Debt		 63,998 57,388 56,936 54,907 50,848 47,545 44,695 42,872 42,345 41,414 39,240
Other Long-Term Liabilities		 977 814 894 947 988 1,003 746 634 561 533 515
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,973 2,958 2,930 2,898 2,766 2,748 2,694 2,589 2,564 2,439 2,379
Total Preferred & Common Equity		 2,973 2,958 0.00 2,898 2,766 2,748 2,694 2,589 2,564 2,439 2,379
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,973 2,958 2,930 2,898 2,766 2,748 2,694 2,589 2,564 2,439 2,379
Common Stock		 3,313 3,339 3,347 3,353 3,364 3,371 3,378 3,394 3,398 3,402 3,411
Retained Earnings		 4,406 4,579 4,625 4,685 4,691 4,710 4,690 4,677 4,674 4,573 4,552
Treasury Stock		 -4,830 -5,026 -5,107 -5,183 -5,304 -5,343 -5,377 -5,484 -5,508 -5,535 -5,589
Accumulated Other Comprehensive Income / (Loss)		 84 66 65 43 15 10 3.00 2.00 0.00 -1.00 5.00

Annual Metrics And Ratios for Navient

This table displays calculated financial ratios and metrics derived from Navient's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $2.15 $1.06 $1.52 $2.59 $2.14 $4.23 $4.54 $1.87 $1.20 ($0.81)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 316M 275M 260M 230M 193M 170M 142M 122M 109M 99M
Adjusted Diluted Earnings per Share		 $0.00 $2.12 $1.04 $1.49 $2.56 $2.12 $4.18 $4.49 $1.85 $1.18 ($0.81)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 322M 281M 264M 233M 195M 172M 144M 123M 111M 99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 291.01M 263.39M 244.51M 193.33M 183.77M 152.13M 128.94M 112.75M 102.28M 95.09M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Navient

This table displays calculated financial ratios and metrics derived from Navient's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 93,979,984.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 93,979,984.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.18
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.21% -33.73% -10.87% -19.54% -6.16% 0.91% -45.64% -36.84% -59.34% - -2.56%
EBITDA Growth		 -23.13% -123.49% -38.10% -48.98% 34.51% 177.14% -104.40% -62.00% -176.32% - 1,000.00%
EBIT Growth		 -19.71% -125.17% -38.89% -50.00% -89.09% 170.27% -105.68% -62.50% -1,075.00% - 740.00%
NOPAT Growth		 -24.76% -124.67% -34.23% -45.45% -102.53% 192.66% -104.79% -61.11% -3,995.00% - 585.71%
Net Income Growth		 -24.76% -126.67% -34.23% -45.45% -102.53% 185.71% -102.74% -61.11% -4,200.00% - 950.00%
EPS Growth		 -13.33% -121.18% -25.58% -38.46% -103.08% 233.33% -103.13% -59.38% -4,250.00% - 950.00%
Operating Cash Flow Growth		 79.41% 49.76% 25.52% 181.82% -108.20% -97.42% -60.99% -54.84% 800.00% - -166.20%
Free Cash Flow Firm Growth		 19.29% -3.66% -29.10% -14.24% -4.77% -0.06% -5.04% -34.52% -60.71% - -63.17%
Invested Capital Growth		 -14.01% -13.57% -12.19% -14.04% -15.65% -15.61% -13.31% -10.71% -7.44% - -5.62%
Revenue Q/Q Growth		 37.46% -47.87% 30.45% -13.94% 60.32% -43.94% -29.73% 0.00% 3.21% - 10.95%
EBITDA Q/Q Growth		 15.31% -130.97% 360.00% -45.05% 204.00% -82.24% -114.81% 575.00% -710.53% - 700.00%
EBIT Q/Q Growth		 14.58% -133.64% 337.84% -45.45% -75.00% 116.67% -119.23% 460.00% -750.00% - 557.14%
NOPAT Q/Q Growth		 19.70% -132.78% 381.85% -50.68% -105.56% 1,300.00% -114.58% 500.00% -685.00% - 446.94%
Net Income Q/Q Growth		 19.70% -135.44% 360.71% -50.68% -105.56% 1,300.00% -108.33% 800.00% -714.29% - 383.33%
EPS Q/Q Growth		 25.00% -127.69% 455.56% -50.00% -106.25% 1,300.00% -108.33% 750.00% -769.23% - 440.00%
Operating Cash Flow Q/Q Growth		 23.23% 154.10% -41.29% 53.30% -103.58% 180.00% 787.50% 77.46% -44.44% - -127.01%
Free Cash Flow Firm Q/Q Growth		 -3.54% -7.81% -14.04% 12.18% 7.13% -3.25% -18.32% -22.66% -35.72% - -0.18%
Invested Capital Q/Q Growth		 -3.46% -3.33% -3.89% -4.17% -5.26% -3.29% -1.26% -1.30% -1.79% - -1.28%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 26.78% -15.91% 31.71% 20.24% 38.38% 12.16% -2.56% 12.18% -72.05% - 23.68%
EBIT Margin		 26.07% -16.82% 30.66% 19.43% 3.03% 11.71% -3.21% 11.54% -72.67% - 21.05%
Profit (Net Income) Margin		 18.72% -12.73% 25.44% 14.57% -0.51% 10.81% -1.28% 8.97% -53.42% - 11.18%
Tax Burden Percent		 71.82% 75.68% 82.95% 75.00% -16.67% 92.31% 40.00% 77.78% 73.50% - 53.13%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 28.18% 0.00% 17.05% 25.00% 116.67% 7.69% 0.00% 22.22% 0.00% - 46.88%
Return on Invested Capital (ROIC)		 0.38% -0.23% 0.51% 0.28% -0.01% 0.22% -0.04% 0.16% -0.70% - 0.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.38% -0.23% 0.51% 0.28% -0.01% 0.22% -0.04% 0.16% -0.71% - 0.14%
Return on Net Nonoperating Assets (RNNOA)		 8.44% -5.06% 10.48% 5.75% -0.20% 4.39% -0.76% 2.98% -13.24% - 2.59%
Return on Equity (ROE)		 8.82% -5.29% 10.98% 6.04% -0.21% 4.61% -0.80% 3.14% -13.94% - 2.73%
Cash Return on Invested Capital (CROIC)		 15.60% 14.91% 13.29% 15.37% 17.11% 17.17% 14.36% 11.38% 7.62% - 5.68%
Operating Return on Assets (OROA)		 0.53% -0.32% 0.60% 0.37% 0.06% 0.24% -0.06% 0.20% -0.98% - 0.26%
Return on Assets (ROA)		 0.38% -0.24% 0.50% 0.28% -0.01% 0.22% -0.02% 0.16% -0.72% - 0.14%
Return on Common Equity (ROCE)		 8.82% -5.29% 10.98% 6.04% -0.21% 4.61% -0.80% 3.14% -13.94% - 2.73%
Return on Equity Simple (ROE_SIMPLE)		 12.46% 0.00% 6.87% 5.82% 2.93% 0.00% 2.16% 1.33% -2.05% - -2.56%
Net Operating Profit after Tax (NOPAT)		 79 -26 73 36 -2.00 24 -3.50 14 -82 - 17
NOPAT Margin		 18.72% -11.77% 25.44% 14.57% -0.51% 10.81% -2.24% 8.97% -50.87% - 11.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% - 0.00%
SG&A Expenses to Revenue		 23.46% 45.00% 35.19% 35.22% 18.18% 25.23% 31.41% 22.44% 19.88% - 21.05%
Operating Expenses to Revenue		 56.87% 92.27% 65.16% 74.90% 86.36% 68.02% 83.97% 64.74% 68.32% - 61.18%
Earnings before Interest and Taxes (EBIT)		 110 -37 88 48 12 26 -5.00 18 -117 - 32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 113 -35 91 50 152 27 -4.00 19 -116 - 36
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.69 0.76 0.71 0.59 0.63 0.54 0.50 0.56 0.54 - 0.33
Price to Tangible Book Value (P/TBV)		 0.91 1.02 0.94 0.79 0.76 0.65 0.60 0.67 0.65 - 0.40
Price to Revenue (P/Rev)		 1.45 1.65 1.59 1.38 1.48 1.24 1.27 1.54 1.88 - 1.28
Price to Earnings (P/E)		 5.57 9.21 10.31 10.18 21.59 10.89 23.07 42.02 0.00 - 0.00
Dividend Yield		 3.87% 3.58% 3.84% 4.40% 4.11% 4.82% 5.07% 4.54% 4.87% - 7.82%
Earnings Yield		 17.96% 10.86% 9.70% 9.83% 4.63% 9.18% 4.34% 2.38% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.94 0.94 0.91 0.93 0.93 0.93 0.94 0.94 - 0.92
Enterprise Value to Revenue (EV/Rev)		 42.50 44.80 43.92 42.94 42.53 41.36 46.00 49.95 65.86 - 72.21
Enterprise Value to EBITDA (EV/EBITDA)		 102.05 176.27 203.32 230.56 189.58 148.88 208.73 239.43 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 103.85 181.90 211.23 241.59 440.66 273.80 579.80 910.76 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 162.82 249.71 285.72 315.58 619.15 363.68 838.64 1,366.14 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 102.58 84.22 76.14 56.54 64.27 103.79 134.95 238.20 166.43 - 135.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.58 5.86 6.58 5.46 4.96 4.98 6.04 7.75 11.84 - 15.77
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 20.56 20.88 19.98 19.24 18.56 18.30 18.43 18.37 19.00 - 18.96
Long-Term Debt to Equity		 18.95 19.35 18.38 17.30 16.59 16.35 16.56 16.52 16.98 - 16.49
Financial Leverage		 22.01 21.71 20.69 20.19 19.59 19.62 19.23 18.82 18.77 - 18.69
Leverage Ratio		 23.34 23.04 22.00 21.53 20.90 20.95 20.54 20.11 20.02 - 19.92
Compound Leverage Factor		 23.34 23.04 22.00 21.53 20.90 20.95 20.54 20.11 20.02 - 19.92
Debt to Total Capital		 95.36% 95.43% 95.23% 95.06% 94.89% 94.82% 94.85% 94.84% 95.00% - 94.99%
Short-Term Debt to Total Capital		 7.46% 7.00% 7.63% 9.58% 10.07% 10.07% 9.65% 9.57% 10.09% - 12.36%
Long-Term Debt to Total Capital		 87.90% 88.43% 87.61% 85.48% 84.82% 84.74% 85.21% 85.27% 84.91% - 82.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 4.64% 4.57% 4.77% 4.94% 5.11% 5.18% 5.15% 5.16% 5.00% - 5.01%
Debt to EBITDA		 103.42 178.41 207.02 241.42 193.80 150.99 212.12 242.77 -617.79 - -663.38
Net Debt to EBITDA		 98.56 169.77 195.98 223.13 182.97 144.42 202.99 232.06 -592.83 - -632.04
Long-Term Debt to EBITDA		 95.32 165.33 190.44 217.10 173.24 134.95 190.54 218.27 -552.19 - -577.06
Debt to NOPAT		 165.01 252.75 290.92 330.44 632.91 368.84 852.27 1,385.21 -848.61 - -870.85
Net Debt to NOPAT		 157.25 240.50 275.41 305.41 597.56 352.79 815.57 1,324.12 -814.32 - -829.71
Long-Term Debt to NOPAT		 152.10 234.22 267.62 297.16 565.76 329.65 765.57 1,245.44 -758.50 - -757.53
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10,260 9,459 8,131 9,121 9,771 9,453 7,722 5,972 3,839 - 2,844
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 11.67 10.26 9.29 10.82 11.80 13.00 11.49 9.19 6.01 - 5.04
Operating Cash Flow to Interest Expense		 0.14 0.34 0.21 0.33 -0.01 0.01 0.11 0.19 0.11 - -0.08
Operating Cash Flow Less CapEx to Interest Expense		 0.14 0.34 0.21 0.33 -0.01 0.01 0.11 0.19 0.11 - -0.08
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 - 0.01
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 62,467 60,388 58,041 55,619 52,694 50,959 50,316 49,661 48,773 - 47,489
Invested Capital Turnover		 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 - 0.01
Increase / (Decrease) in Invested Capital		 -10,181 -9,485 -8,058 -9,085 -9,773 -9,429 -7,725 -5,958 -3,921 - -2,827
Enterprise Value (EV)		 58,778 56,935 54,286 50,493 48,913 47,642 46,964 46,449 45,770 - 43,757
Market Capitalization		 2,010 2,100 1,959 1,628 1,706 1,427 1,292 1,429 1,308 - 778
Book Value per Share		 $23.83 $23.48 $24.48 $24.57 $24.62 $24.60 $25.31 $25.30 $24.53 - $25.02
Tangible Book Value per Share		 $18.10 $17.56 $18.35 $18.40 $20.62 $20.53 $21.04 $21.00 $20.15 - $20.50
Total Capital		 62,467 60,388 58,041 55,619 52,694 50,959 50,316 49,661 48,773 - 47,489
Total Debt		 59,569 57,628 55,275 52,871 50,000 48,318 47,727 47,097 46,334 - 45,110
Total Long-Term Debt		 54,907 53,402 50,848 47,545 44,695 43,184 42,872 42,345 41,414 - 39,240
Net Debt		 56,768 54,835 52,327 48,865 47,207 46,215 45,672 45,020 44,462 - 42,979
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 2.10 0.00 0.00 0.00 0.00 -1.50 0.00 4.10 - 0.00
Net Nonoperating Obligations (NNO)		 59,569 57,628 55,275 52,871 50,000 48,318 47,727 47,097 46,334 - 45,110
Total Depreciation and Amortization (D&A)		 3.00 2.00 3.00 2.00 140 1.00 1.00 1.00 1.00 - 4.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.66 ($0.19) $0.65 $0.32 ($0.02) $0.25 ($0.02) $0.14 ($0.87) ($0.06) $0.18
Adjusted Weighted Average Basic Shares Outstanding		 120M 122M 113M 111M 108M 109M 102M 100M 98M 99M 95M
Adjusted Diluted Earnings per Share		 $0.65 ($0.18) $0.64 $0.32 ($0.02) $0.24 ($0.02) $0.13 ($0.87) ($0.05) $0.17
Adjusted Weighted Average Diluted Shares Outstanding		 121M 123M 114M 112M 108M 111M 102M 101M 98M 99M 96M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 117.57M 112.75M 111.82M 109.41M 107.36M 102.28M 101.33M 99.43M 97.51M 95.09M 93.98M
Normalized Net Operating Profit after Tax (NOPAT)		 82 -25 74 48 21 28 -1.40 14 -79 - 17
Normalized NOPAT Margin		 19.40% -11.14% 25.72% 19.43% 5.30% 12.47% -0.90% 8.97% -49.13% - 11.18%
Pre Tax Income Margin		 26.07% -16.82% 30.66% 19.43% 3.03% 11.71% -3.21% 11.54% -72.67% - 21.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.13 -0.04 0.10 0.06 0.01 0.04 -0.01 0.03 -0.18 - 0.06
NOPAT to Interest Expense		 0.09 -0.03 0.08 0.04 0.00 0.03 -0.01 0.02 -0.13 - 0.03
EBIT Less CapEx to Interest Expense		 0.13 -0.04 0.10 0.06 0.01 0.04 -0.01 0.03 -0.18 - 0.06
NOPAT Less CapEx to Interest Expense		 0.09 -0.03 0.08 0.04 0.00 0.03 -0.01 0.02 -0.13 - 0.03
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 22.44% 34.21% 39.47% 45.63% 91.14% 53.44% 121.43% 197.06% -130.00% - -101.64%
Augmented Payout Ratio		 112.47% 170.18% 180.53% 186.88% 324.05% 190.08% 426.79% 658.82% -430.00% - -263.93%

Financials Breakdown Chart

Key Financial Trends

Here are the key, high-impact trends for Navient (NAVI) based on quarterly statements from the last four years (2022–2025), focusing on cash flow, income statement, and balance sheet dynamics.

  • Positive cash generation from operations: Net cash from continuing operating activities has been positive in multiple recent quarters (e.g., Q4 2025: around $174M; Q4 2024: around $8M; Q3 2024: about $80M; Q2 2024: about $126M; Q1 2025: about $71M), indicating ongoing cash generation despite earnings volatility.
  • Solid net interest income sustaining revenue: Net Interest Income remains a core driver, with net interest income around $119M (Q4 2025), $142M (Q3 2025), $128–130M in nearby quarters, illustrating a stable base from lending-related activities.
  • Investing activities frequently add substantial cash inflows: Investing activities show sizable cash inflows from sales/maturities of investments in several quarters (e.g., strong inflows in Q4 2024 and Q3 2024, plus notable inflows in Q4 2025 and Q3 2023), contributing to liquidity when operating cash flows are volatile.
  • One-quarter net income turn to positive: In Q2 2025, Navient reported a net income of about $14M, marking a rare positive quarterly result within the period and hinting at potential earnings stabilization in a volatile backdrop.
  • Dividends per share remain steady at $0.16: Cash dividends per share are consistently $0.16, providing a predictable return for income-focused investors, though this is a cash outflow for the company and not a driver of earnings growth.
  • Non-interest income fluctuates but remains a secondary contributor: Non-interest income components (service charges, other charges, capital gains/losses) show variability but contribute modestly to overall revenue, without a clear, persistent growth trajectory.
  • Provision for credit losses spikes point to higher credit risk concerns: Provision for Credit Losses spikes in some quarters (e.g., $168M in Q3 2025; $45M in Q4 2025; elevated levels in other periods), signaling heightened credit risk and provision needs that pressure pretax income.
  • Earnings volatility with quarterly losses recurring in 2025: Several quarters in 2025 carry net losses (e.g., Q3 2025 and Q4 2025 show meaningful net losses; Q1 2025 and Q3 2024 also show negative or weak results), reflecting ongoing earnings volatility that may complicate near-term stock performance.
  • Financing activities weigh on cash due to debt repayments and share activity: Net cash used in financing activities remains sizable in several periods (e.g., large debt repayments and share repurchases in multiple quarters), contributing to negative net change in cash in some periods and impacting liquidity headroom.
  • High level of long-term debt vs. equity persists: The balance sheet consistently shows a large long-term debt load with equity levels modest relative to liabilities, implying a leverage-heavy structure that may heighten sensitivity to interest-rate and credit-market conditions.
05/14/26 03:29 PM ETAI Generated. May Contain Errors.

Navient Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Navient's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Navient's net income appears to be on a downward trend, with a most recent value of -$80 million in 2025, falling from $984 million in 2015. The previous period was $131 million in 2024. Find out what analysts predict for Navient in the coming months.

Over the last 10 years, Navient's total revenue changed from $3.12 billion in 2015 to $610 million in 2025, a change of -80.5%.

Navient's total liabilities were at $46.28 billion at the end of 2025, a 5.8% decrease from 2024, and a 64.4% decrease since 2015.

In the past 10 years, Navient's cash and equivalents has ranged from $637 million in 2025 to $1.59 billion in 2015, and is currently $637 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:NAVI last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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