Navient Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $610.0M | $271.0M | $321.0M | $332.0M | $507.0M | $388.0M | $391.0M | $359.0M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-111.0M | $174.0M | $3.87B | $2.93B | $2.25B | $2.58B | $4.25B | $4.20B |
| Operating Margin | -18.2% | 64.2% | 1,205.6% | 882.2% | 444.2% | 664.4% | 1,087.2% | 1,168.8% |
| Interest Expense | — | — | $3.56B | $2.10B | $1.32B | $2.05B | $3.49B | $3.67B |
| Pretax Income | $-111.0M | $174.0M | $313.0M | $827.0M | $936.0M | $532.0M | $763.0M | $528.0M |
| Income Tax Expense | $-31.0M | $43.0M | $85.0M | $182.0M | $219.0M | $120.0M | $166.0M | $133.0M |
| Net Income | $-80.0M | $131.0M | $228.0M | $645.0M | $717.0M | $412.0M | $597.0M | $395.0M |
| Net Margin | -13.1% | 48.3% | 71.0% | 194.3% | 141.4% | 106.2% | 152.7% | 110.0% |
| EPS (Basic) | $-0.81 | $1.20 | $1.87 | $4.54 | $4.23 | $2.14 | $2.59 | $1.52 |
| EPS (Diluted) | $-0.81 | $1.18 | $1.85 | $4.49 | $4.18 | $2.12 | $2.56 | $1.49 |
| Shares Outstanding (Basic) | 99.0M | 109.0M | 122.0M | 142.0M | 170.0M | 193.0M | 230.0M | 260.0M |
| Shares Outstanding (Diluted) | 99.0M | 111.0M | 123.0M | 144.0M | 172.0M | 195.0M | 233.0M | 264.0M |
| Dividends Per Share | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 |