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Navient Holdings (NAVI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Navient Holdings (NAVI) Q3 2026 earnings results →
Q3 2026 Revenue up 97% year over year to $317M · 5¢ of every $1 of revenue kept as net profit · operating margin 4.1%
Navient Holdings made $317M in Q3 2026 (+97% Y/Y): Noninterest income $202M, Net interest income $115M. Operating margin 4.1%, net earnings $15.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
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What changed this quarter
Revenue was $317.0M in Q3 2026, up 97% year over year. Noninterest income was the largest line at 64% of revenue. Noninterest income added $183.0M year over year (up 963%), 117% of the total change. Net interest income declined 19%.
Operating profit was $13.0M, a 4.1% margin (up 76.8 points year over year). Total costs grew 9% against revenue growth of 97%. The fastest-growing cost line was Credit loss provision (+35%). Net earnings were $15.0M. The effective tax rate was -15.4%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $317M | +97% | 4.1% | $15.0M | — |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Navient Holdings
On October 21, 2026, we announced plans to implement a new holding company structure pursuant to the Reorganization. On October 28, 2026, we completed the Reorganization. As a result of the Reorganization, Navient Holdings became the new holding company of Navient LLC (as successor by merger to Navient Corporation) and E Parent, Inc. (Earnest). Navient’s common stock was exchanged on a one-for-one basis for Navient Holdings’ common stock, and Navient Holdings’ common stock continues to trade under the symbol “NAVI” on the Nasdaq Global Select Market. Accordingly, upon consummation of the Reorganization, Navient’s stockholders immediately prior to the consummation of the Reorganization became stockholders of Navient Holdings. The stockholders of Navient did not recognize gain or loss for U.S.
In its own words, from its 10-Q, filed Nov 4, 2026.
Navient Holdings against its Security Brokers, Dealers & Flotation Companies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +97% against the peers' median +13%. Operating margin: 4.1% against the peers' median 18.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NAVI Navient Holdings | Q3 2026 | $317M | +97% | 4.1% |
| MS Morgan Stanley | Q3 2026 | $20.3B | +12% | 31.9% |
| GS Goldman Sachs Group | Q3 2026 | $18.7B | +23% | 37.5% |
| GLXY Galaxy Digital | Q3 2026 | $8.1B | -72% | 4.3% |
| BLK BlackRock | Q3 2026 | $7.8B | +19% | 30.0% |
| SCHW Schwab Charles | Q3 2026 | $7.2B | +17% | 52.7% |
| Jones Financial Companies Lllp | Q3 2026 | $5.2B | +13% | 0.0% |
| RJF Raymond James Financial | Q4 FY26 | $4.7B | +13% | 18.2% |
| JEF Jefferies Financial Group | Q3 FY26 | $3.2B | +11% | 10.9% |
Source: Navient Holdings 10-Q on SEC EDGAR · CIK 2152623 · Security Brokers, Dealers & Flotation Companies
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Every quarter: Q3 2026 results