JSM · As filed with the SEC
Navient income statement, by fiscal year
The statement as Navient presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Interest income: | ||||||
| Cash and investments | 83,000,000 | 154,000,000 | 153,000,000 | 62,000,000 | 3,000,000 | 16,000,000 |
| FFELP Loans | 1,903,000,000 | 2,396,000,000 | 2,897,000,000 | 1,966,000,000 | 1,464,000,000 | 1,837,000,000 |
| Private Education Loans | 1,122,000,000 | 1,259,000,000 | 1,369,000,000 | 1,195,000,000 | 1,181,000,000 | 1,445,000,000 |
| Total interest income | 3,108,000,000 | 3,809,000,000 | 4,419,000,000 | 3,223,000,000 | 2,648,000,000 | 3,298,000,000 |
| Total interest expense | — | — | 3,557,000,000 | 2,102,000,000 | 1,316,000,000 | 2,046,000,000 |
| Total interest expense | 2,589,000,000 | 3,273,000,000 | — | — | — | — |
| Net interest income (loss) | 519,000,000 | 536,000,000 | 862,000,000 | 1,121,000,000 | 1,332,000,000 | 1,252,000,000 |
| Less: provisions for loan losses | 280,000,000 | 113,000,000 | 123,000,000 | 79,000,000 | (61,000,000) | 155,000,000 |
| Private Education Loans | 249,000,000 | 112,000,000 | 67,000,000 | 79,000,000 | (61,000,000) | 142,000,000 |
| FFELP Loans | 31,000,000 | 1,000,000 | 56,000,000 | — | 0 | 13,000,000 |
| Net interest income (loss) after provisions for loan losses | 239,000,000 | 423,000,000 | 739,000,000 | 1,042,000,000 | 1,393,000,000 | 1,097,000,000 |
| Other income (loss): | ||||||
| Servicing revenue | 51,000,000 | 54,000,000 | 64,000,000 | 77,000,000 | 168,000,000 | 214,000,000 |
| Asset recovery and business processing revenue | 23,000,000 | 271,000,000 | 321,000,000 | 336,000,000 | 539,000,000 | 458,000,000 |
| Other income | 47,000,000 | 30,000,000 | 21,000,000 | 32,000,000 | 30,000,000 | 20,000,000 |
| Gain on sale of subsidiaries, net | 0 | 191,000,000 | — | — | — | — |
| Gains on sales of loans | — | — | 0 | — | 78,000,000 | — |
| Losses on debt repurchases | 0 | 0 | (8,000,000) | — | (73,000,000) | (6,000,000) |
| Gains (losses) on derivative and hedging activities, net | (30,000,000) | 70,000,000 | 11,000,000 | 171,000,000 | 64,000,000 | (256,000,000) |
| Total other income (loss) | 91,000,000 | 616,000,000 | 409,000,000 | 616,000,000 | 806,000,000 | 430,000,000 |
| Expenses: | ||||||
| Salaries and benefits | 149,000,000 | 316,000,000 | 401,000,000 | 444,000,000 | 569,000,000 | 497,000,000 |
| Other operating expenses | 272,000,000 | 364,000,000 | 399,000,000 | 332,000,000 | 638,000,000 | 467,000,000 |
| Total operating expenses | 421,000,000 | 680,000,000 | 800,000,000 | 776,000,000 | 1,207,000,000 | 964,000,000 |
| Goodwill and acquired intangible asset impairment and amortization expense | 3,000,000 | 146,000,000 | 10,000,000 | 19,000,000 | 30,000,000 | 22,000,000 |
| Restructuring/other reorganization expenses | 17,000,000 | 39,000,000 | 25,000,000 | 36,000,000 | 26,000,000 | 9,000,000 |
| Total expenses | 441,000,000 | 865,000,000 | 835,000,000 | 831,000,000 | 1,263,000,000 | 995,000,000 |
| Income (loss) before income tax expense (benefit) | (111,000,000) | 174,000,000 | 313,000,000 | 827,000,000 | 936,000,000 | 532,000,000 |
| Income tax expense (benefit) | (31,000,000) | 43,000,000 | 85,000,000 | 182,000,000 | 219,000,000 | 120,000,000 |
| Net income (loss) | (80,000,000) | 131,000,000 | 228,000,000 | 645,000,000 | 717,000,000 | 412,000,000 |
| Basic earnings (loss) per common share | (0.81) | 1.2 | 1.87 | 4.54 | 4.23 | 2.14 |
| Average common shares outstanding | 99,000,000 | 109,000,000 | 122,000,000 | 142,000,000 | 170,000,000 | 193,000,000 |
| Diluted earnings (loss) per common share | (0.81) | 1.18 | 1.85 | 4.49 | 4.18 | 2.12 |
| Average common and common equivalent shares outstanding | 99,000,000 | 111,000,000 | 123,000,000 | 144,000,000 | 172,000,000 | 195,000,000 |
| Dividends per common share | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.