# Navient Corporation (NAVI)

> Source: Nexqual · https://nexqual.com/NAVI · data as of 2026-10-23 14:16 UTC · cite as "Nexqual, Navient Corporation (NAVI), nexqual.com/NAVI" · informational, not investment advice.

**Price:** USD 8.4 (-5.19% today) · US market open, as of October 23, 2026 at 14:16 UTC; quotes may be delayed. Prev close 8.86 · day 8.35–8.79 · 52w 7.33–13.48 · market cap $788M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $600M, net income -$49.0M (-8.2% margin) (SEC filings).
- Analysts: Sell (mean 3.57 on a 1–5 scale) (7 analysts), mean target USD 9 (range 7–13).
- Total return with dividends: 1Y -29.0% vs S&P 500 +14.4%; 5Y -46.2% vs S&P 500 +77.0%.
- Next earnings: 2026-11-04, EPS estimate USD 0.13, revenue estimate $127M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.14B | $1.74B | $1.27B | $1.15B | $610M | $600M |
| Net income | $717M | $645M | $228M | $131M | -$80.0M | -$49.0M |
| EPS (diluted) | $4.18 | $4.49 | $1.85 | $1.18 | -$0.81 | — |
| Net margin | 33.5% | 37.1% | 17.9% | 11.4% | -13.1% | -8.2% |
| Revenue growth | +27.1% | -18.8% | -26.8% | -9.4% | -47.0% | — |
| Cash + short-term investments | $905M | $1.53B | $839M | $722M | $637M | — |
| Total debt | $77.0B | $66.9B | $57.6B | $48.3B | $45.7B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.3x · P/B 0.3x · Earnings yield -6.22% · Dividend yield (paid, TTM) 7.74% · Buyback yield (TTM) 9.90%
P/E at fiscal year-ends: Dec 2024 11.3x, Dec 2023 10.0x.

## Analysts
Consensus Sell (mean 3.57 on a 1–5 scale), 7 analysts; mean target USD 9 (low 7, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | JP Morgan | Target raised | Neutral | $8 → $8.5 |
| 2026-10-05 | Barclays | Target lowered | Underweight | $8 → $7 |
| 2026-07-13 | JP Morgan | Target lowered | Neutral | $9.5 → $8 |
| 2026-07-07 | TD Cowen | Target lowered | Sell | $9 → $8.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -29.0% | -46.2% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -29.1% | -11.7% |
| Volatility (annualized) | 42.8% | 32.8% |
| Max drawdown | -42.9% (Dec 2025→Jun 2026) | -57.0% (Jan 2022→Apr 2026) |

## Peers (Credit Services)
WRLD (World Acceptance Corporation) USD 169.73 +0.04% · PRAA (PRA Group, Inc.) USD 19.31 -3.28% · FINV (FinVolution Group) USD 2.99 -2.45% · GDOT (Green Dot Corporation) USD 12.34 -0.40% · QFIN (Qfin Holdings, Inc.) USD 5.31 -3.02% · JCAP (Jefferson Capital, Inc.) USD 20.39 -1.45%

## More
Full page: https://nexqual.com/NAVI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NAVI's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/1593538/000119312526076753/navi-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | SAP (SAP) | "FFELP Loans disbursed before April 1, 2006 earn interest at the greater of the borrower's rate or a floating rate based on the Special Allowance Payment (SAP) formula, with the interest earned on the floating rate that e…" |

Other companies that name NAVI in their own reports (relationship from NAVI's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | SLM Corp (SLM) | 10-K 2026-02-19 | "In connection with the Spin-Off, we entered into a Separation and Distribution Agreement with Navient (the "Separation and Distribution Agreement")." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.13 | $0.08 | +57.6% | $127.3M | 7 |
| Next quarter (ends 2026-12-31) | $0.19 | $0.23 | -17.9% | $130.0M | 7 |
| Current fiscal year (ends 2026-12-31) | $0.81 | $0.72 | +13.3% | $516.0M | 7 |
| Next fiscal year (ends 2027-12-31) | $0.99 | $0.94 | +4.7% | $550.3M | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±17.8%; last 8 reports averaged ±5.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 58.9% | ±17.8% |
| 2027-01-15 | 84 | 40.0% | ±20.3% |
| 2027-04-16 | 175 | 41.8% | ±26.8% |
| 2027-05-21 | 210 | 45.5% | ±30.8% |