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NAVI · NASDAQ · Financial - Credit Services

Navient (NAVI)

Earnest private lending and legacy student-loan portfolios after the Sallie Mae spin-off.

$9.48
After hours+0.01 (+0.16%)
At close$9.47(−1.10%)
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Navient CorporationNAVI
Financial sector

Originated as Sallie Mae's 2014 education-loan management spin-off, centered on Earnest private lending/refinancing and FFELP/private loan portfolios. Recent simplification moved direct servicing to MOHELA and divested Business Processing, leaving a U.S.-focused balance-sheet model shaped by student-loan regulation.

Originated as Sallie Mae's education-loan management spin-off in 2014 and now operates as a smaller U.S.-focused education-finance balance-sheet company.

Consumer Lending owns and manages private education loan portfolios and uses the Earnest brand for in-school private loans and refinancing. Federal Education Loans owns and manages FFELP loans, with revenue tied mainly to net interest income on those portfolios.

Recent simplification shifted direct loan servicing to MOHELA and removed Business Processing through divestitures. The remaining model depends on private-loan credit performance, FFELP portfolio runoff, third-party servicing execution, and student-loan regulatory orders that limit federal servicing activity.

Company facts

CEOEdward J. Bramson
ListedMay 1, 2014
ExchangeNASDAQ
HeadquartersHerndon, VA
CountryUnited States
Employees670
CIK0001593538
ISINUS63938C1080

Market cap$899.5M
EPS (ttm)−$0.5000
P/E (ttm)−19.14
ROE-2.0%
P/B0.3751
P/S0.3062
Dividend yieldDiv yield6.69%
Beta0.72vs XLF 1.29

Price target$8.50−10.7%Average of 24 analysts
ConsensusHold15 of 24 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Apr 30, 2026BarclaysReiterate
Rating: —Target: $9
Rating: UnderweightTarget: $8
Apr 16, 2026Morgan StanleyReiterate
Rating: —Target: $12
Rating: Equal WeightTarget: $9
Jan 29, 2026Deutsche BankReiterate
Rating: —Target: —
Rating: HoldTarget: $9
Jan 29, 2026BarclaysTarget
Target: $11
Target: $9
Jan 28, 2026Morgan StanleyTarget
Target: $16
Target: $12

Next report
Oct 28, 26
in 36 days
EPS estimate
$0.12
Revenue estimate
$143.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Aug '26Oct '26
Reported$0.25$0.28$0.21−$0.84$0.02$0.20$0.29Pending
Estimate$0.20$0.19$0.27$0.18$0.31$0.17$0.20$0.12
Surprise+25.0%+47.4%−22.2%−566.7%−93.6%+17.6%+43.9%—

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Aug '26Oct '26
Reported$223.0M$195.0M$156.0M$161.0M$144.0M$142.0M$147.0MPending
Estimate$223.5M$179.3M$163.6M$164.6M$159.8M$141.9M$141.9M$143.8M
Surprise−0.2%+8.7%−4.6%−2.2%−9.9%0.0%+3.6%—
Estimate$0.12
ReportedDue Oct 28, 2026
Estimate$143.8M
ReportedDue Oct 28, 2026
View details

Debt to equity1,848.90%
Current ratio50.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.01B$977.0M$828.0M$806.0M$800.0M$761.0M$695.0M$682.0M
Net income−$2.0M$24.0M−$2.0M$14.0M−$86.0M−$5.0M$17.0M$25.0M
Net margin0.0%2.5%0.0%1.7%0.0%0.0%2.4%3.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$12.0M$26.0M−$5.0M$18.0M−$117.0M$626.0M$11.0M$573.0M
YoY growth−89.1%Turned profitTurned loss−62.5%Turned loss+2,307.7%Turned profit+3,083.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.14B · Total debt $44.34B · Total assets $47.30B · Shareholders' equity $2.40B

Revenue
$682.0M
Operating income
$573.0M
Net income
$25.0M
View details

Dividend yield
6.69%
Next ex-date
Dec 4, 26
estimated · in 73 days
Annual dividend
$0.64
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16
Annual yield4.21%4.51%4.76%4.66%5.17%7.71%8.19%6.65%
Ex-dateDec 6Mar 7Jun 6Sep 5Dec 5Mar 6Jun 5Sep 4
Payment dateDec 20Mar 21Jun 20Sep 19Dec 19Mar 20Jun 19Sep 18
View details

Institutions≈ 105.57%99.22M shares
269 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders2.02%1.89M shares
9 holders · as of Jun 5, 2026
Adds to107.59%

93.98M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 107.59%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Sherborne Investors Management LPInstitution
31.34%29.45Mas of Jun 30, 2026
BlackRock, Inc.Institution
13.78%12.95Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
5.65%5.31Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
2.98%2.80Mas of Jun 30, 2026
State Street CorpInstitution
2.92%2.74Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • Sallie Mae

    Dominant private education lender and portfolio owner

  • SoFi

    Digital lender overlapping in student-loan refinancing and loan sales

  • Nelnet

    Loan servicer and student-loan asset owner with bank origination

  • Citizens Financial Group

    Bank-backed private student lender and refinance provider

  • KeyCorp

    KeyBank-based student-loan refinancing provider

  • Maximus

    Federal student-loan servicing infrastructure peer through Aidvantage

CompareAfter hours

CompanyPriceChange
Navient$9.48+0.16%$899.5M—11.00.3−5.8%
Sallie Mae$19.74−18.60%$4.71B7.07.91.5−41.3%
SoFi$17.19+0.17%$21.77B35.423.43.9+41.0%
Nelnet$126.02−0.01%$4.54B15.215.12.4−33.6%
Citizens Financial Group$65.45−0.06%$28.49B14.611.12.5+12.1%
KeyCorp$20.480.00%$22.53B12.110.52.1+7.3%
Maximus$55.18−0.14%$2.94B8.36.60.6−5.2%
Median13.410.82.3+1.1%