Navient Corporation (NAVI) reported second-quarter 2026 earnings per share (EPS) of 29 cents, surpassing the Zacks Consensus Estimate of 19 cents and up from 21 cents in the same quarter last year. The company’s GAAP net income increased to $25 million, compared to $14 million a year prior. Total expenses decreased 15.8% year over year to $85 million, while net interest income declined 8.3% to $120 million, missing expectations by 7%.
As of June 30, 2026, Navient’s net FFELP loans stood at $26.6 billion, reflecting a 10.3% sequential decrease. In the Consumer Lending segment, net income rose by 3.8% to $27 million, with private education loan delinquency improving to 5.4% from 6.4% year over year. Navient originated $735 million in private education refinance loans during the quarter.
To strengthen liquidity, Navient plans to leverage various sources, including cash reserves of $770 million as of June 30, 2026. The company paid $15 million in common stock dividends and repurchased $2 million worth of shares during the quarter.
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