JSM · As filed with the SEC
Navient income statement, by quarter
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 (Unaudited) · USD
| USD | Q2 2026 3 months ended Jun 30, 2026 | Q1 2026 3 months ended Mar 31, 2026 | Q4 2025† 3 months ended Dec 31, 2025 | Q3 2025 3 months ended Sep 30, 2025 | Q2 2025 3 months ended Jun 30, 2025 | Q4 2024† 3 months ended Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Interest income: | ||||||
| Cash and investments | 18,000,000 | 17,000,000 | — | 21,000,000 | 22,000,000 | — |
| FFELP Loans | 391,000,000 | 401,000,000 | — | 484,000,000 | 483,000,000 | — |
| Private Education Loans | 273,000,000 | 277,000,000 | — | 276,000,000 | 273,000,000 | — |
| Total interest income | 682,000,000 | 695,000,000 | — | 781,000,000 | 778,000,000 | — |
| Total interest expense | 560,000,000 | 564,000,000 | — | 639,000,000 | 650,000,000 | — |
| Net interest income (loss) | 122,000,000 | 131,000,000 | — | 142,000,000 | 128,000,000 | — |
| Less: provisions for loan losses | 26,000,000 | 27,000,000 | — | 168,000,000 | 37,000,000 | — |
| Private Education Loans | 17,000,000 | 18,000,000 | — | 155,000,000 | 29,000,000 | — |
| FFELP Loans | 8,000,000 | 9,000,000 | — | 13,000,000 | 8,000,000 | — |
| Net interest income (loss) after provisions for loan losses | 96,000,000 | 104,000,000 | — | (26,000,000) | 91,000,000 | — |
| Other income (loss): | ||||||
| Servicing revenue | 10,000,000 | 11,000,000 | — | 13,000,000 | 14,000,000 | — |
| Asset recovery and business processing revenue | 0 | 0 | — | 0 | 0 | — |
| Other income | 17,000,000 | 5,000,000 | — | 10,000,000 | 19,000,000 | — |
| Gain on sale of subsidiary | — | — | 0† | 0 | — | (28,000,000)† |
| Gains (losses) on derivative and hedging activities, net | 1,000,000 | 5,000,000 | — | (4,000,000) | (5,000,000) | — |
| Total other income (loss) | 28,000,000 | 21,000,000 | — | 19,000,000 | 28,000,000 | — |
| Expenses: | ||||||
| Salaries and benefits | 27,000,000 | 32,000,000 | — | 32,000,000 | 35,000,000 | — |
| Other operating expenses | 55,000,000 | 57,000,000 | — | 73,000,000 | 65,000,000 | — |
| Total operating expenses | 82,000,000 | 89,000,000 | — | 105,000,000 | 100,000,000 | — |
| Goodwill and acquired intangible asset impairment and amortization expense | 0 | 4,000,000 | — | 1,000,000 | 1,000,000 | — |
| Restructuring/other reorganization expenses | 3,000,000 | 0 | — | 4,000,000 | 0 | — |
| Total expenses | 85,000,000 | 93,000,000 | — | 110,000,000 | 101,000,000 | — |
| Income before income tax expense | 39,000,000 | 32,000,000 | — | (117,000,000) | 18,000,000 | — |
| Income tax expense | 14,000,000 | 15,000,000 | — | (31,000,000) | 4,000,000 | — |
| Net income | 25,000,000 | 17,000,000 | — | (86,000,000) | 14,000,000 | — |
| Basic earnings per common share | 0.27 | 0.18 | — | (0.87) | 0.14 | — |
| Average common shares outstanding | 94,000,000 | 95,000,000 | — | 98,000,000 | 100,000,000 | — |
| Diluted earnings per common share | 0.26 | 0.17 | — | (0.87) | 0.13 | — |
| Average common and common equivalent shares outstanding | 95,000,000 | 96,000,000 | — | 98,000,000 | 101,000,000 | — |
| Dividends per common share | 0.16 | 0.16 | — | 0.16 | 0.16 | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.