Navient Corporation Financials

JSM

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

6/9

Navient Corporation passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.50x

For every $1 of reported earnings, Navient Corporation generates $3.50 in operating cash flow ($459.0M OCF vs $131.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Navient Corporation (JSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$271.0M

YoY-15.6%

5Y CAGR-7.1%

Navient Corporation generated $271.0M in revenue in fiscal year 2024. This represents a decrease of 15.6% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$131.0M

YoY-42.5%

5Y CAGR-26.2%

10Y CAGR-19.4%

Navient Corporation reported $131.0M in net income in fiscal year 2024. This represents a decrease of 42.5% from the prior year.

EPS (Diluted)

$1.18

YoY-36.2%

5Y CAGR-14.3%

10Y CAGR-7.8%

Navient Corporation earned $1.18 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 36.2% from the prior year.

Cash & Debt

$722.0M

YoY-13.9%

5Y CAGR-10.2%

10Y CAGR-6.7%

Navient Corporation held $722.0M in cash against $43.2B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.64

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.6%

Navient Corporation paid $0.64 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

102M

YoY-9.3%

5Y CAGR-12.0%

10Y CAGR-12.8%

Navient Corporation had 102M shares outstanding in fiscal year 2024. This represents a decrease of 9.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

48.3%

YoY-22.7pp

5Y CAGR-104.3pp

Navient Corporation's net profit margin was 48.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 22.7 percentage points from the prior year.

Return on Equity

5.0%

YoY-3.3pp

5Y CAGR-12.9pp

10Y CAGR-22.1pp

Navient Corporation's ROE was 5.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$179.0M

YoY-42.3%

5Y CAGR-16.5%

10Y CAGR-11.4%

Navient Corporation spent $179.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 42.3% from the prior year.

Capital Expenditures

N/A

JSM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$271.0M-15.6%	$321.0M-3.3%	$332.0M-34.5%	$507.0M+30.7%	$388.0M-0.8%	$391.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.3B-8.0%	$3.6B+69.2%	$2.1B+59.7%	$1.3B-35.7%	$2.0B-41.3%	$3.5B
Income Tax	$43.0M-49.4%	$85.0M-53.3%	$182.0M-16.9%	$219.0M+82.5%	$120.0M-27.7%	$166.0M
Net Income	$131.0M-42.5%	$228.0M-64.7%	$645.0M-10.0%	$717.0M+74.0%	$412.0M-31.0%	$597.0M
EPS (Diluted)	$1.18-36.2%	$1.85-58.8%	$4.49+7.4%	$4.18+97.2%	$2.12-17.2%	$2.56

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$781.0M+0.4%	$778.0M-3.0%	$802.0M+1765.1%	$43.0M-46.9%	$81.0M+5.2%	$77.0M-4.9%	$81.0M-4.7%	$85.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$639.0M-1.7%	$650.0M-3.3%	$672.0M-7.6%	$727.0M-13.8%	$843.0M-3.7%	$875.0M-5.1%	$922.0M+4.9%	$879.0M
Income Tax	-$31.0M-875.0%	$4.0M+233.3%	-$3.0M-250.0%	$2.0M-83.3%	$12.0M-20.0%	$15.0M+266.7%	-$9.0M-129.0%	$31.0M
Net Income	-$86.0M-714.3%	$14.0M+800.0%	-$2.0M-108.3%	$24.0M-33.3%	$36.0M-50.7%	$73.0M+360.7%	-$28.0M-135.4%	$79.0M
EPS (Diluted)	$-0.87-769.2%	$0.13+750.0%	$-0.02-108.3%	$0.24-25.0%	$0.32-50.0%	$0.64+455.6%	$-0.18-127.7%	$0.65

JSM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$51.8B-15.6%	$61.4B-13.3%	$70.8B-12.2%	$80.6B-7.8%	$87.4B-7.9%	$94.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$722.0M-13.9%	$839.0M-45.3%	$1.5B+69.6%	$905.0M-23.5%	$1.2B-4.1%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$49.0M-51.5%	$101.0M+21.7%	$83.0M-47.8%	$159.0M+34.7%	$118.0M-0.8%	$119.0M
Goodwill	$428.0M-36.1%	$670.0M0.0%	$670.0M-0.1%	$671.0M+0.9%	$665.0M0.0%	$665.0M
Total Liabilities	$49.1B-16.2%	$58.6B-13.6%	$67.8B-13.1%	$78.0B-8.2%	$85.0B-7.2%	$91.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$43.2B-19.1%	$53.4B-12.5%	$61.0B-18.1%	$74.5B-3.7%	$77.3B-5.4%	$81.7B
Total Equity	$2.6B-4.3%	$2.8B-7.3%	$3.0B+14.6%	$2.6B+6.7%	$2.4B-27.1%	$3.3B
Retained Earnings	$4.7B+1.3%	$4.6B+3.3%	$4.5B+14.0%	$3.9B+18.3%	$3.3B-9.1%	$3.7B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$49.3B-1.8%	$50.2B-1.4%	$51.0B-1.6%	$51.8B-8.5%	$56.6B-4.1%	$59.0B-3.8%	$61.4B-3.2%	$63.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$571.0M-19.8%	$712.0M+10.9%	$642.0M-11.1%	$722.0M-33.6%	$1.1B+32.2%	$823.0M-1.9%	$839.0M-14.1%	$977.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$15.0M-21.1%	$19.0M0.0%	$19.0M-61.2%	$49.0M-44.3%	$88.0M-3.3%	$91.0M-9.9%	$101.0M+4.1%	$97.0M
Goodwill	N/A	N/A	N/A	$428.0M	N/A	N/A	$670.0M	N/A
Total Liabilities	$46.9B-1.7%	$47.7B-1.5%	$48.4B-1.6%	$49.1B-8.8%	$53.9B-4.2%	$56.3B-4.0%	$58.6B-3.1%	$60.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$41.4B-2.2%	$42.3B-1.2%	$42.9B-0.7%	$43.2B-9.2%	$47.5B-6.5%	$50.8B-4.8%	$53.4B-2.7%	$54.9B
Total Equity	$2.4B-4.9%	$2.6B-1.0%	$2.6B-2.0%	$2.6B-3.9%	$2.7B-0.7%	$2.8B+0.2%	$2.8B-4.8%	$2.9B
Retained Earnings	$4.6B-2.2%	$4.7B-0.1%	$4.7B-0.4%	$4.7B-0.3%	$4.7B+0.4%	$4.7B+1.1%	$4.6B-1.0%	$4.7B

JSM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$459.0M-32.1%	$676.0M+121.6%	$305.0M-56.6%	$702.0M-28.9%	$987.0M-3.1%	$1.0B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$8.5B+15.1%	$7.4B-30.5%	$10.6B+58.6%	$6.7B+3.5%	$6.4B-13.9%	$7.5B
Financing Cash Flow	-$9.6B+4.3%	-$10.0B-4.0%	-$9.7B-31.7%	-$7.3B+4.5%	-$7.7B+23.1%	-$10.0B
Dividends Paid	$70.0M-10.3%	$78.0M-14.3%	$91.0M-15.0%	$107.0M-13.0%	$123.0M-16.3%	$147.0M
Share Buybacks	$179.0M-42.3%	$310.0M-22.5%	$400.0M-33.3%	$600.0M+50.0%	$400.0M-9.1%	$440.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$70.0M-44.4%	$126.0M+77.5%	$71.0M+787.5%	$8.0M-97.1%	$279.0M+53.3%	$182.0M-41.3%	$310.0M+154.1%	$122.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$559.0M-25.0%	$745.0M+12.7%	$661.0M-27.1%	$907.0M-72.2%	$3.3B+40.3%	$2.3B+15.1%	$2.0B+22.0%	$1.7B
Financing Cash Flow	-$834.0M+1.8%	-$849.0M-8.8%	-$780.0M+51.4%	-$1.6B+35.5%	-$2.5B-5.6%	-$2.4B-0.6%	-$2.3B-4.2%	-$2.2B
Dividends Paid	$16.0M0.0%	$16.0M0.0%	$16.0M-5.9%	$17.0M0.0%	$17.0M-5.6%	$18.0M-5.3%	$19.0M0.0%	$19.0M
Share Buybacks	$26.0M+8.3%	$24.0M-31.4%	$35.0M-46.2%	$65.0M+71.1%	$38.0M-11.6%	$43.0M-38.6%	$70.0M-6.7%	$75.0M

JSM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	48.3%-22.7pp	71.0%-123.3pp	194.3%+52.9pp	141.4%+35.2pp	106.2%-46.5pp	152.7%
Return on Equity	5.0%-3.3pp	8.3%-13.4pp	21.7%-5.9pp	27.6%+10.7pp	16.9%-1.0pp	17.9%
Return on Assets	0.3%-0.1pp	0.4%-0.5pp	0.9%+0.0pp	0.9%+0.4pp	0.5%-0.2pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	16.35-3.0	19.35-1.2	20.50-8.2	28.68-3.1	31.78+7.3	24.49
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-11.0%-12.8pp	1.8%+2.0pp	-0.3%-56.1pp	55.8%+11.4pp	44.4%-50.4pp	94.8%+129.4pp	-34.6%-127.5pp	92.9%
Return on Equity	N/A	0.5%	N/A	0.9%-0.4pp	1.3%-1.3pp	2.6%	N/A	2.7%
Return on Assets	-0.2%-0.2pp	0.0%+0.0pp	0.0%-0.1pp	0.1%0.0pp	0.1%-0.1pp	0.1%+0.2pp	-0.1%-0.2pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	16.98+0.5	16.52-0.0	16.56+0.2	16.35-1.0	17.30-1.1	18.38-1.0	19.35+0.4	18.95
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Navient Corporation's annual revenue?

Navient Corporation (JSM) reported $271.0M in total revenue for fiscal year 2024. This represents a -15.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Navient Corporation's revenue growing?

Navient Corporation (JSM) revenue declined by 15.6% year-over-year, from $321.0M to $271.0M in fiscal year 2024.

Is Navient Corporation profitable?

Yes, Navient Corporation (JSM) reported a net income of $131.0M in fiscal year 2024, with a net profit margin of 48.3%.

What is Navient Corporation's earnings per share (EPS)?

Navient Corporation (JSM) reported diluted earnings per share of $1.18 for fiscal year 2024. This represents a -36.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Navient Corporation have?

As of fiscal year 2024, Navient Corporation (JSM) had $722.0M in cash and equivalents against $43.2B in long-term debt.

What is Navient Corporation's net profit margin?

Navient Corporation (JSM) had a net profit margin of 48.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Navient Corporation pay dividends?

Yes, Navient Corporation (JSM) paid $0.64 per share in dividends during fiscal year 2024.

What is Navient Corporation's return on equity (ROE)?

Navient Corporation (JSM) has a return on equity of 5.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Navient Corporation's operating cash flow?

Navient Corporation (JSM) generated $459.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Navient Corporation's total assets?

Navient Corporation (JSM) had $51.8B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Navient Corporation buy back shares?

Yes, Navient Corporation (JSM) spent $179.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Navient Corporation have outstanding?

Navient Corporation (JSM) had 102M shares outstanding as of fiscal year 2024.

What is Navient Corporation's debt-to-equity ratio?

Navient Corporation (JSM) had a debt-to-equity ratio of 16.35 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Navient Corporation's return on assets (ROA)?

Navient Corporation (JSM) had a return on assets of 0.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Navient Corporation's Piotroski F-Score?

Navient Corporation (JSM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Navient Corporation's earnings high quality?

Navient Corporation (JSM) has an earnings quality ratio of 3.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.