Navient Q1 GAAP profit $17 million vs. loss; Core Earnings down to $19 million
Navient reported first-quarter 2026 GAAP net income of $17 million, or $0.17 per diluted share, compared with a net loss of $2 million, or $0.02 per diluted share, a year earlier. Core Earnings net income fell to $19 million ($0.20 per diluted share) from $26 million ($0.25) in the year-ago quarter, so the two headline profit measures moved in opposite directions. Private Education Loan originations rose 61% to $818 million.
Key points
- GAAP net income of $17 million ($0.17 diluted EPS) for the quarter ended March 31, 2026, versus a net loss of $2 million in the year-ago quarter.
- Core Earnings net income of $19 million ($0.20 diluted EPS), down from $26 million ($0.25) a year earlier.
- Private Education Loan originations of $818 million, a 61% increase from a year ago.
- Repurchased $23 million of common shares and paid $15 million in common stock dividends during the quarter.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.