Navient Holdings, Inc. (JSM)
Navient Corporation specializes in providing asset management and business processing services to a diverse clientele, including those in education, healthcare, and governmental sectors at all levels—federal, state, and local. The company's operations are structured into four key segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The Federal Education Loans segment is dedicated to the ownership, servicing, and asset recovery of its FFELP (Federal Family Education Loan Program) loan portfolio. Through its Consumer Lending division, Navient engages in the origination, acquisition, ownership, and servicing of high-quality private education loans. The Business Processing segment focuses on delivering services to government and healthcare organizations. Lastly, the "Other" segment covers the corporate liquidity portfolio, profits or losses resulting from debt repurchases, unallocated expenses for shared services, and various restructuring or reorganization costs. Established in 1973, Navient maintains its corporate headquarters in Herndon, Virginia.
Sector: Security Brokers, Dealers & Flotation Companies
Industry: Financial - Credit Services
Navient Corporation SR NT 6% 121543
+0.16%$15.62
CLOSED · Nov 6Prev close$15.59+0.16%Close$15.62
Mkt Cap$4.28B
Float-
O/S274.1M
VOL15K sh
$ Vol$229K
RVOL0.55×
Inst Own-
Div Yield9.61%
Dilution
Financials Summary
Revenue$3.11B
Net Income-$80M
Total Assets$48.68B
Free Cash Flow$441M
Debt & Equity
Debt 68%
Equity 32%
Total Debt$5.07B
Total Equity$2.4B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in JSM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$48.68B
Liabilities$46.28B
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$434M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $3.11B | $3.81B | $1.16B | $1.66B | $2.27B | $3.3B | $4.67B | $4.91B | $4.38B | $4.15B | $4.29B | $4.73B | $3.41B | $2.43B |
| YoY Growth | -18.4% | 229.5% | -30.3% | -27.0% | -31.1% | -29.4% | -4.8% | 12.0% | 5.7% | -3.5% | -9.2% | 38.5% | 40.7% | - |
| Cost of Revenue | $149M | $316M | $800M | $444M | $1.21B | $964M | $984M | $984M | $966M | $951M | $918M | $987M | $0 | $0 |
| Gross Profit | $2.96B | $3.49B | $356M | $1.66B | $1.44B | $2.33B | $3.69B | $3.92B | $3.42B | $3.19B | $3.38B | $3.74B | $3.41B | $2.43B |
| Gross Margin | 95.2% | 91.7% | 30.8% | 100.0% | 63.4% | 70.8% | 78.9% | 80.0% | 78.0% | 77.1% | 78.6% | 79.1% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $316M | $401M | $444M | $569M | $497M | $488M | $507M | $519M | $500M | $467M | $479M | $504M | $457M |
| Other | $421M | $680M | $0 | $0 | $0 | $467M | $496M | $984M | $966M | $951M | $918M | $987M | $0 | $0 |
| Total Operating Expenses | $421M | $680M | $401M | $444M | $569M | $964M | $984M | $984M | $966M | $951M | $918M | $987M | $1.33B | $989M |
| Operating Income (EBIT) | $2.54B | $2.81B | $755M | $1.21B | $1.7B | $1.37B | $2.71B | $2.94B | $292M | $681M | $996M | $1.15B | $2.36B | $1.42B |
| Operating Margin | 81.7% | 73.9% | 65.3% | 73.2% | 75.0% | 41.5% | 57.9% | 59.9% | 6.7% | 16.4% | 23.2% | 24.3% | 69.1% | 58.5% |
| Interest Expense | $2.59B | $3.27B | $3.56B | $2.1B | $1.32B | $2.05B | $3.49B | $3.67B | $2.97B | $2.44B | $2.07B | $2.06B | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $3.22B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.65B | -$2.64B | -$442M | -$387M | -$767M | -$838M | -$1.94B | -$2.41B | $472M | $427M | $584M | $669M | -$272M | $0 |
| Income Before Tax (EBT) | -$111M | $174M | $313M | $827M | $936M | $532M | $763M | $528M | $764M | $1.11B | $1.58B | $1.82B | $2.09B | $1.44B |
| Income Tax Expense | -$31M | $43M | $85M | $182M | $219M | $120M | $166M | $133M | $472M | $427M | $597M | $681M | $776M | $498M |
| Net Income | -$80M | $131M | $228M | $645M | $717M | $412M | $597M | $395M | $292M | $681M | $983M | $1.13B | $1.29B | $921M |
| Net Income Margin | -2.6% | 3.4% | 19.7% | 38.9% | 31.6% | 12.5% | 12.8% | 8.0% | 6.7% | 16.4% | 22.9% | 23.9% | 37.8% | 38.0% |
| Supplementary Data | ||||||||||||||
| EPS | -0.82 | 1.20 | 1.85 | 4.49 | 4.18 | 2.12 | 2.56 | 1.50 | 1.04 | 2.12 | 2.58 | 2.66 | 2.89 | 1.91 |
| Diluted EPS | -0.82 | 1.20 | 1.85 | 4.48 | 4.17 | 2.11 | 2.56 | 1.50 | 1.04 | 2.11 | 2.57 | 2.66 | 2.88 | 1.91 |
| Weighted Average OS | 98.00M | 109.00M | 123.00M | 143.65M | 171.53M | 194.34M | 233.00M | 264.00M | 280.77M | 321.23M | 381.01M | 425.00M | 447.06M | 483.00M |
| EBITDA | $3M | $3.59B | $1.52B | $4.16B | $3.42B | $2.43B | $3.98B | $4.02B | $1.58B | $2.3B | $3.06B | $3.61B | $5.28B | $18M |
| EBITDA Margin | 0.1% | 94.3% | 131.5% | 250.7% | 150.7% | 73.6% | 85.2% | 81.8% | 36.1% | 55.6% | 71.3% | 76.2% | 154.7% | 0.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $2.1B | $2.1B | $839M | $1.53B | $905M | $1.18B | $1.23B | $1.29B | $1.52B | $1.25B | $1.59B | $1.44B | $5.19B | $3.9B |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.1B | $2.1B | $839M | $1.53B | $905M | $1.18B | $1.23B | $1.29B | $1.52B | $1.25B | $1.59B | $1.44B | $5.19B | $3.9B |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $2.1B | $2.1B | $839M | $1.53B | $905M | $1.18B | $1.23B | $1.29B | $1.52B | $1.25B | $1.59B | $1.44B | $5.19B | $3.9B |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $62M | $74M | $95M | $116M | $135M | $136M | $156M | $160M | $162M | $152M | $237M | $215M |
| Goodwill | $434M | $428M | $670M | $670M | $670M | $665M | $665M | $665M | $702M | $546M | $551M | $353M | $394M | $395M |
| Intangible Assets | $0 | $9M | $25M | $35M | $55M | $70M | $92M | $121M | $108M | $124M | $154M | $16M | $30M | $53M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.98B | -$3.25B | -$3.24B | -$3.29B | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.98B | $3.25B | $3.24B | $3.29B | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $59.78B | $68.48B | $78.88B | $85.38B | $92.78B | $101.97B | $112.51B | $119.05B | $131.59B | $144.39B | $153.69B | -$663M |
| Total Long-Term Assets | $434M | $437M | $60.54B | $69.26B | $79.7B | $86.23B | $93.67B | $102.89B | $113.47B | $119.88B | $132.45B | $144.91B | $154.35B | $663M |
| Other Assets | $46.14B | $49.25B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $176.7B |
| Total Assets | $48.68B | $51.79B | $61.38B | $70.8B | $80.61B | $87.41B | $94.9B | $104.18B | $114.99B | $121.14B | $134.05B | $146.35B | $159.54B | $181.26B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $5.07B | $5.13B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $4.23B | $5.87B | $2.49B | $6.61B | $8.48B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $5.07B | $5.13B | $4.23B | $5.87B | $2.49B | $6.61B | $8.48B | $5.42B | $4.77B | $2.33B | $2.57B | $2.66B | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $43.18B | $53.4B | $61.03B | $74.49B | $77.33B | $81.72B | $93.52B | $105.01B | $112.37B | $124.83B | $136.87B | $136.65B | $152.4B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $41.21B | $5.96B | $987M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$152.4B |
| Total Long-Term Liabilities | $41.21B | $49.15B | $54.39B | $61.03B | $74.49B | $77.33B | $81.72B | $93.52B | $105.01B | $112.37B | $124.83B | $136.87B | $136.65B | $152.4B |
| Other Liabilities | $0 | $0 | $0 | -$5.87B | -$2.49B | -$6.61B | -$8.48B | -$5.42B | -$4.77B | -$2.33B | -$2.57B | -$2.66B | $0 | $0 |
| Total Liabilities | $46.28B | $49.15B | $58.62B | $67.82B | $78B | $84.97B | $81.72B | $93.52B | $105.01B | $112.37B | $124.83B | $136.87B | $136.65B | $152.4B |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $565M | $0 |
| Common Stock | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $109M | $107M |
| Retained Earnings | $4.55B | $4.7B | $4.64B | $4.49B | $3.94B | $3.33B | $3.66B | $3.22B | $3B | $2.89B | $2.41B | $1.72B | $2.58B | $1.45B |
| Comprehensive Income & Other | $2M | $3M | $19M | $87M | -$133M | -$274M | -$91M | $113M | $61M | $6M | -$51M | $9M | $13M | $0 |
| Other Stockholders' Equity | -$2.16B | -$2.06B | -$1.88B | -$1.52B | -$1.35B | -$902M | -$332M | $297M | $446M | $805M | $1.49B | $2.47B | $2.94B | $0 |
| Total Equity | $2.4B | $2.64B | $2.76B | $2.98B | $2.6B | $2.43B | $3.34B | $3.52B | $3.45B | $3.7B | $3.91B | $4.2B | $5.64B | $1.56B |
| Minority Interest | $0 | $0 | $0 | $0 | $11M | $14M | $13M | $28M | $31M | $24M | $24M | $0 | $5M | $0 |
| Total Liabilities and Equity | $48.68B | $51.79B | $61.38B | $70.8B | $80.59B | $87.4B | $85.05B | $97.04B | $108.47B | $116.07B | $128.74B | $141.06B | $142.28B | $153.96B |
| Supplementary Data | ||||||||||||||
| Total Debt | $5.07B | $43.18B | $53.4B | $61.03B | $74.49B | $77.33B | $81.72B | $93.52B | $105.01B | $112.37B | $124.83B | $136.87B | $136.65B | $0 |
| Net Debt | $2.97B | $42.46B | $52.56B | $59.49B | $73.58B | $76.15B | $80.48B | $92.23B | $103.49B | $111.11B | $123.24B | $135.42B | $131.46B | -$3.9B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$80M | $131M | $228M | $105M | -$11M | $412M | $597M | $395M | $292M | $681M | $984M | $1.14B | $1.42B | $939M |
| Depreciation & Amortization | $3M | $146M | $10M | $14M | $19M | $21M | $25M | $31M | $23M | $29M | $12M | $9M | $13M | $18M |
| Deferred Income Tax | $0 | $0 | $0 | $128M | -$69M | $0 | -$103M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $21M | $23M | $24M | $19M | $22M | $18M | $25M | $25M | $35M | $26M | $29M | $39M | $0 | $47M |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $348M | -$50M | -$147M | $47M | $22M | $78M | -$125M | -$29M | -$26M | $175M | -$75M | -$68M | $361M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | -$105M | $157M | $121M | $440M | $125M | $58M | $352M | $480M | $622M | $973M | $731M | $527M | $0 |
| Total Working Capital Change | $0 | $243M | $107M | -$26M | $487M | $147M | $136M | $227M | $451M | $596M | $1.15B | $656M | $459M | $361M |
| Other Non-Cash Items | $497M | -$84M | $307M | $65M | $254M | $389M | $339M | $462M | $357M | $15M | -$263M | -$177M | $110M | $1.68B |
| Net Cash from Operating | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $1.16B | $1.35B | $1.91B | $1.66B | $2B | $2.64B |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | -$16M | $0 | $0 | $0 | -$184M | $0 | -$342M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1M | -$44M | -$187M | -$28M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $83M | $0 | $7M | $115M | $0 | $51M | $98M | $804M | $0 | $0 |
| Other Investing Activities | $2.71B | $8.47B | $7.36B | $10.59B | $6.61B | $6.45B | $7.48B | $10.36B | $7.3B | $11.28B | $11.03B | -$1.65B | $9.21B | $11.85B |
| Net Cash from Investing | $2.71B | $8.47B | $7.36B | $10.59B | $6.67B | $6.45B | $7.49B | $10.36B | $7.12B | $11.28B | $10.69B | -$1.65B | $9.21B | $11.85B |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $9.17B | $9.57B | $10.35B | $4.66B | $5.05B | $8.3B | $7.5B | $5.33B | $7.91B | $11.99B | $7.1B | $2.98B | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$111M | -$179M | -$310M | -$400M | -$600M | -$400M | -$440M | -$220M | -$440M | -$755M | -$945M | -$600M | -$600M | -$900M |
| Dividends Paid | $0 | -$70M | -$78M | -$91M | -$107M | -$123M | -$147M | -$166M | -$176M | -$201M | -$240M | -$255M | -$284M | -$257M |
| Other Financing Activities | -$3.09B | -$195M | -$93M | $1.18B | -$1.97B | -$2.11B | -$1.1B | -$3B | -$2.4B | -$4.24B | $729M | $4.2B | -$6.05B | -$13.12B |
| Net Cash from Financing | -$3.15B | -$9.62B | -$10.05B | -$9.66B | -$7.33B | -$7.68B | -$9.98B | -$10.88B | -$8.34B | -$13.1B | -$12.45B | -$3.76B | -$9.92B | -$13.38B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1M | -$690M | -$2.01B | $1.23B | $41M | -$244M | -$1.48B | $616M | -$66M | $3.12B | $151M | -$3.75B | $1.29B | $1.11B |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $1.16B | $1.35B | $1.91B | $1.66B | $2B | $2.64B |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $441M | $459M | $676M | $305M | $702M | $987M | $1.02B | $1.14B | $1.16B | $1.35B | $1.91B | $1.66B | $2B | $2.64B |
| Cash at Beginning | $2.1B | $2.79B | $4.81B | $3.58B | $3.54B | $3.78B | $5.26B | $4.65B | $4.71B | $1.59B | $1.44B | $5.19B | $3.9B | $2.79B |
| Cash at End | $2.1B | $2.1B | $2.79B | $4.81B | $3.58B | $3.54B | $3.78B | $5.26B | $4.65B | $4.71B | $1.59B | $1.44B | $5.19B | $3.9B |