Navient 2Q FY26 GAAP net income rises 78.57% to $25 million; revenue slips 3.85% to $150 million
Reuters2026/08/06 21:08- Navient posted 2Q26 GAAP net income of USD 25 million, up 78.57%, as diluted EPS rose to USD 0.26 from USD 0.13.
- GAAP revenue before provision slipped 3.85% to USD 150 million, while provision for loan losses fell 29.73% to USD 26 million.
- Core earnings net income increased 28.57% to USD 27 million, lifting core EPS to USD 0.29 from USD 0.20.
- Private Education Loan originations climbed 63% to USD 815 million, while in-school originated volume rose 40% to USD 80 million.
- Designated USD 528 million of legacy Private Loan assets as held for sale, while electing the fair value option for in-school originations starting 3Q26.
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