7Baggers

Navient Corporation
(NASDAQ:NAVI) 

NAVI stock logo

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, ...

Founded: 2014
Full Time Employees: 5,800
Sector: Financial Services
Industry: Credit Services
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At a glance:
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Income Statements:
Quarterly
Annual
    Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2019-03-31 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 
                              
      interest income:
    		                          
      ffelp loans
    		444,000,000 484,000,000 483,000,000 493,000,000 2,583,000,000 591,000,000  720,000,000 693,000,000 654,000,000 553,000,000 410,000,000 763,000,000 723,000,000 681,000,000 668,000,000 629,000,000 645,000,000 631,000,000 618,000,000 634,000,000 632,000,000 630,000,000 626,000,000 637,000,000  
      private education loans
    		284,000,000 276,000,000 273,000,000 289,000,000 1,296,000,000 314,000,000  341,000,000 344,000,000 333,000,000 309,000,000 277,000,000 443,000,000 431,000,000 445,000,000 386,000,000 374,000,000 374,000,000 401,000,000 402,000,000 411,000,000 421,000,000 444,000,000 434,000,000 456,000,000  
      cash and investments
    		19,000,000 21,000,000 22,000,000 20,000,000 152,000,000 43,000,000  36,000,000 34,000,000 37,000,000 19,000,000 5,000,000 27,000,000 17,000,000 12,000,000 10,000,000 7,000,000 5,000,000 5,000,000 6,000,000 5,000,000 2,000,000 2,000,000 2,000,000 2,000,000  
      total interest income
    		747,000,000 781,000,000 778,000,000 802,000,000 4,031,000,000 948,000,000  1,097,000,000 1,071,000,000 1,024,000,000 881,000,000 692,000,000 1,234,000,000 1,172,000,000 1,140,000,000 1,070,000,000 1,015,000,000 1,028,000,000 1,039,000,000 1,028,000,000 1,051,000,000 1,057,000,000 1,077,000,000 1,064,000,000 1,097,000,000  
      total interest expense
    		628,000,000 639,000,000 650,000,000 672,000,000 3,324,000,000 828,000,000  919,000,000 837,000,000 801,000,000 641,000,000 371,000,000 949,000,000 843,000,000 785,000,000 719,000,000 675,000,000 650,000,000 627,000,000 599,000,000 565,000,000 521,000,000 524,000,000 515,000,000 514,000,000  
      net interest income
    		119,000,000 142,000,000 128,000,000 130,000,000 707,000,000 120,000,000  178,000,000 234,000,000 223,000,000 240,000,000 321,000,000 285,000,000 329,000,000 355,000,000 351,000,000 340,000,000 378,000,000 412,000,000 429,000,000 486,000,000 536,000,000 553,000,000 549,000,000 583,000,000  
      less: provisions for loan losses
    		44,000,000 168,000,000 37,000,000 30,000,000 143,000,000 42,000,000  11,000,000 -14,000,000 17,000,000 28,000,000 18,000,000 76,000,000 87,000,000 105,000,000 105,000,000 107,000,000 102,000,000 106,000,000 110,000,000 111,000,000 115,000,000 123,000,000 198,000,000 125,000,000  
      net interest income after provisions for loan losses
    		75,000,000 -26,000,000 91,000,000 100,000,000 564,000,000 78,000,000  167,000,000 248,000,000 206,000,000 212,000,000 303,000,000 209,000,000 242,000,000 250,000,000 246,000,000 233,000,000 276,000,000 306,000,000 319,000,000 375,000,000 421,000,000 430,000,000 351,000,000 458,000,000  
      other income:
    		                          
      servicing revenue
    		11,000,000 13,000,000 14,000,000 13,000,000 56,000,000 13,000,000  16,000,000 17,000,000 17,000,000 24,000,000 17,000,000 62,000,000 69,000,000 75,000,000 70,000,000 76,000,000 74,000,000 76,000,000 71,000,000 82,000,000 82,000,000 76,000,000 106,000,000 77,000,000  
      asset recovery and business processing revenue
    		   23,000,000 286,000,000 70,000,000  83,000,000 72,000,000 72,000,000 80,000,000 88,000,000 119,000,000 109,000,000 157,000,000 111,000,000 100,000,000 102,000,000 97,000,000 101,000,000 90,000,000      
      other income
    		3,000,000 10,000,000 19,000,000 15,000,000 25,000,000 10,000,000   7,000,000 10,000,000 6,000,000 7,000,000 16,000,000 -15,000,000 4,000,000 6,000,000 -8,000,000 43,000,000  -21,000,000 -13,000,000      
      gain on sale of subsidiary
    		    54,750,000 219,000,000                     
      gains on derivative and hedging activities
    		4,000,000 -4,000,000 -5,000,000 -25,000,000 132,000,000 -36,000,000  26,000,000 -8,000,000 10,000,000 40,000,000 22,000,000 7,000,000 48,000,000 25,000,000 -25,000,000 -16,000,000 6,000,000 137,000,000 -28,000,000 1,000,000 93,000,000 20,000,000 -18,000,000 71,000,000  
      total other income
    		18,000,000 19,000,000 28,000,000 26,000,000 471,000,000 276,000,000  129,000,000 88,000,000 109,000,000 150,000,000 134,000,000 219,000,000 211,000,000 263,000,000 162,000,000 152,000,000 225,000,000 311,000,000 123,000,000 160,000,000 271,000,000 181,000,000 201,000,000 249,000,000  
      expenses:
    		                          
      salaries and benefits
    		33,000,000 32,000,000 35,000,000 49,000,000    98,000,000 105,000,000 107,000,000 106,000,000 110,000,000 128,000,000 134,000,000 128,000,000 124,000,000 130,000,000 121,000,000 122,000,000 124,000,000 132,000,000 123,000,000 106,000,000 115,000,000 123,000,000  
      other operating expenses
    		55,000,000 73,000,000 65,000,000 78,000,000    84,000,000 80,000,000 81,000,000 88,000,000 80,000,000 128,000,000 141,000,000 110,000,000 106,000,000 108,000,000 124,000,000 106,000,000 106,000,000 115,000,000 112,000,000 122,000,000 110,000,000 107,000,000  
      total operating expenses
    		88,000,000 105,000,000 100,000,000 127,000,000    182,000,000 185,000,000 188,000,000 194,000,000 190,000,000 256,000,000 275,000,000 238,000,000 230,000,000 238,000,000 245,000,000 228,000,000 230,000,000 247,000,000 235,000,000 228,000,000 225,000,000 230,000,000  
      goodwill and acquired intangible asset impairment and amortization expense
    		1,000,000 1,000,000 1,000,000 1,000,000    3,000,000 3,000,000 2,000,000 10,000,000 3,000,000 7,000,000 9,000,000 6,000,000 6,000,000 6,000,000 14,000,000 12,000,000 6,000,000 4,000,000 5,000,000 3,000,000 3,000,000 1,000,000  
      restructuring/other reorganization expenses
    		11,000,000 4,000,000  3,000,000 25,000,000 18,000,000  15,000,000 4,000,000 11,000,000 21,000,000  1,000,000 7,000,000             
      total expenses
    		100,000,000 110,000,000 101,000,000 131,000,000 763,000,000 342,000,000  200,000,000 192,000,000 201,000,000 225,000,000 193,000,000 264,000,000 291,000,000 244,000,000 236,000,000 244,000,000 259,000,000 240,000,000 236,000,000 251,000,000 240,000,000 231,000,000 257,000,000 234,000,000  
      income before income tax expense
    		-7,000,000 -117,000,000 18,000,000 -5,000,000 272,000,000 12,000,000  96,000,000 144,000,000 114,000,000 137,000,000 244,000,000 164,000,000 162,000,000 269,000,000 172,000,000 141,000,000          
      income tax expense
    		-2,000,000 -31,000,000 4,000,000 -3,000,000 60,000,000 14,000,000  30,000,000 33,000,000 9,000,000 32,000,000 64,000,000 36,000,000 36,000,000 93,000,000 60,000,000 53,000,000 96,000,000 147,000,000 81,000,000 103,000,000 166,000,000 144,000,000 113,000,000 181,000,000  
      net income
    		-5,000,000 -86,000,000 14,000,000 -2,000,000 24,000,000 -2,000,000  66,000,000 111,000,000 105,000,000 105,000,000 180,000,000 128,000,000   112,000,000 88,000,000 146,000,000 230,000,000 125,000,000 181,000,000 286,000,000 237,000,000 182,000,000 292,000,000  
      yoy
    		-120.83% 4200.00%  -103.03% -78.38% -101.90%  -63.33% -13.28%   60.71% 45.45%   -10.40% -51.38% -48.95% -2.95% -31.32% -38.01%      
      qoq
    		-94.19% -714.29% -800.00% -108.33% -1300.00%   -40.54% 5.71% 0.00% -41.67% 40.63%    27.27% -39.73% -36.52% 84.00% -30.94% -36.71% 20.68% 30.22% -37.67%   
      basic earnings per common share
    		-60,000 -870,000 140,000 -20,000 1,880,000 -20,000  530,000 870,000 830,000 750,000 1,230,000 520,000              
      average common shares outstanding
    		-1,000,000 98,000,000 100,000,000 102,000,000    124,000,000 129,000,000 -3,000,000 139,000,000 146,000,000 244,000,000 264,000,000 269,000,000 280,000,000 289,000,000 -8,000,000 310,000,000 322,000,000 339,000,000 -6,000,000 369,000,000 381,000,000 398,000,000  
      diluted earnings per common share
    		-60,000 -870,000 130,000 -20,000 230,000 -20,000  520,000 860,000 820,000 750,000 1,220,000 520,000              
      average common and common equivalent shares outstanding
    		-1,000,000 98,000,000 101,000,000 102,000,000    125,000,000 130,000,000 -3,000,000 141,000,000 147,000,000 247,000,000 269,000,000 274,000,000 285,000,000 296,000,000 -7,000,000 316,000,000 328,000,000 343,000,000 -7,000,000 375,000,000 387,000,000 405,000,000  
      dividends per common share
    		160,000 160,000 160,000 160,000  160,000  160,000 160,000 160,000 160,000 160,000 160,000              
      net changes in cash flow hedges, net of tax
    		3,000,000 -1,000,000 -2,000,000                        
      total comprehensive income
    		-2,000,000 -87,000,000 12,000,000     65,000,000 90,000,000 108,000,000 159,000,000 229,000,000 58,000,000              
      balance at june 30, 2024
    		27,352,523,500,000 465,108,131,000,000 465,108,131,000,000                        
      comprehensive income:
    		                          
      other comprehensive income, net of tax
    		            -70,000,000              
      cash dividends:
    		                          
      common stock
    		                          
      dividend equivalent units related to employee stock-based compensation plans
    		                          
      issuance of common shares
    		2,524,348,000,000 103,110,000,000 76,826,000,000 1,316,257,000,000    23,751,000,000 2,359,901,000,000 2,131,902,000,000 552,194,000,000 641,126,000,000 5,021,067,000,000              
      stock-based compensation expense
    		                          
      common stock repurchased
    		-536,123,500,000         -1,750,713,000,000                 
      shares repurchased related to employee stock-based compensation plans
    		-1,307,500,000         -54,289,500,000                 
      other
    		                     3,750,000  7,000,000 7,000,000  
      balance at september 30, 2024
    		26,840,870,000,000 465,211,241,000,000                         
      balance at june 30, 2025
    		24,857,759,500,000 466,596,429,000,000 466,596,429,000,000                        
      balance at september 30, 2025
    		24,376,676,250,000 466,673,865,000,000                         
      balance at march 31, 2024
    		  465,031,305,000,000 465,031,305,000,000                       
      balance at march 31, 2025
    		  466,581,434,000,000 466,581,434,000,000                       
      balance at december 31, 2023
    		   463,715,048,000,000                       
      balance at december 31, 2024
    		   465,308,901,000,000                       
      gaap basis
    		                          
      weighted-average shares used for eps calculation
    		     108,000,000                     
      return on assets
    		    65,000 1,210,000                     
      core earnings basis
    		                          
      net interest margin, federal education loans segment
    		    115,000 460,000                     
      net interest margin, consumer lending segment
    		    727,500 2,840,000                     
      education loan portfolios
    		                          
      ending ffelp loans
    		    7,880,500,000 31,522,000,000                     
      ending private education loans
    		    4,001,250,000 16,005,000,000                     
      ending total education loans
    		    11,881,750,000 47,527,000,000                     
      average ffelp loans
    		    8,687,250,000 32,373,000,000                     
      average private education loans
    		    4,242,000,000 16,587,000,000                     
      average total education loans
    		    12,929,250,000 48,960,000,000                     
      interest income
    		                          
      operating expenses
    		    -12,250,000 184,000,000                     
      goodwill and acquired intangible assets impairment and amortization expense
    		    34,250,000 140,000,000                     
      other revenue
    		       4,000,000                   
      net changes in cash flow hedges, net of taxes
    		       -1,000,000 -21,000,000 3,000,000 54,000,000 49,000,000               
      balance at march 31, 2022
    		       460,989,285,000,000 460,989,285,000,000   460,989,285,000,000               
      other comprehensive income (loss), net of tax
    		                          
      net activity in noncontrolling interest
    		                          
      balance at june 30, 2022
    		       461,013,036,000,000  35,469,675,750,000 461,013,036,000,000 461,013,036,000,000               
      balance at march 31, 2023
    		       463,508,522,000,000 463,508,522,000,000                  
      balance at june 30, 2023
    		       463,534,781,000,000                   
      balance at december 31, 2021
    		        458,629,384,000,000                  
      other comprehensive income (loss),net of tax
    		                          
      balance at december 31, 2022
    		        461,087,590,000,000                  
      gains on sales of loans
    		                          
      gains on debt repurchases
    		            15,000,000  -1,000,000    1,000,000        
      balance at june 30, 2021
    		         41,960,047,000,000 458,044,687,000,000 458,044,687,000,000               
      balance at september 30, 2021
    		         40,293,093,000,000 458,596,881,000,000                
      balance at september 30, 2022
    		         33,903,543,250,000 461,016,201,000,000                
      balance at march 31, 2021
    		           457,403,561,000,000               
      other loans
    		            1,000,000 1,000,000 2,000,000 6,000,000 5,000,000 4,000,000 2,000,000 2,000,000 1,000,000 2,000,000 1,000,000 2,000,000 2,000,000  
      other comprehensive income:
    		                          
      gains on derivatives
    		            -91,000,000              
      reclassification adjustments for derivative losses included in net income
    		            -1,000,000              
      total gains on derivatives
    		            -92,000,000              
      income tax benefit
    		            22,000,000              
      balance at december 31, 2017
    		            439,718,145,000,000              
      reclassification from adoption of asu no. 2018-02
    		                          
      balance at march 31, 2018
    		            444,739,212,000,000              
      balance at december 31, 2018
    		            445,377,826,000,000              
      balance at march 31, 2019
    		            449,807,290,000,000              
      losses on debt repurchases
    		                          
      net income attributable to navient corporation
    		             126,000,000 176,000,000 112,000,000 88,000,000 146,000,000 230,000,000 125,000,000 181,000,000 286,000,000 237,000,000 182,000,000 292,000,000  
      basic earnings per common share attributable to navient corporation
    		             480,000 650,000 400,000 310,000          
      diluted earnings per common share attributable to navient corporation
    		             470,000 640,000 390,000 300,000          
      dividends per common share attributable to navient corporation
    		             160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000  
      gains on sales of loans and investments
    		              3,000,000       -21,000,000  7,000,000 5,000,000  
      less: net income attributable to noncontrolling interest
    		                          
      less: net loss attributable to noncontrolling interest
    		                          
      restructuring and other reorganization expenses
    		                       29,000,000 3,000,000  
      income from continuing operations, before income tax expense
    		                 242,000,000 377,000,000 206,000,000 284,000,000 452,000,000 380,000,000 295,000,000 473,000,000  
      net income from continuing operations
    		                 146,000,000 230,000,000 125,000,000 181,000,000 286,000,000 236,000,000 182,000,000 292,000,000  
      income from discontinued operations, net of tax expense
    		                      1,000,000    
      basic earnings per common share attributable to navient corporation:
    		                          
      continuing operations
    		                 412,500 740,000 390,000 530,000 800,000 640,000 480,000 730,000  
      discontinued operations
    		                          
      total
    		                 412,500 740,000 390,000 530,000 800,000 640,000 480,000 730,000  
      diluted earnings per common share attributable to navient corporation:
    		                          
      asset recovery revenue
    		                     68,250,000 85,000,000 99,000,000 89,000,000  
      preferred stock dividends
    		                          
      net income attributable to navient corporation common stock
    		                     286,000,000 237,000,000 182,000,000 292,000,000  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-06-30 2022-12-31 2022-06-30 2021-09-30 2021-03-31 2019-03-31 2018-09-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 
                                 
        assets
      		                           
        private education loans
      		15,451,000,000 15,456,000,000 15,530,000,000 15,690,000,000 15,716,000,000 16,005,000,000 16,902,000,000 17,732,000,000 18,725,000,000 19,668,000,000 20,018,000,000 19,742,000,000 22,141,000,000 22,447,000,000 22,923,000,000 23,424,000,000 24,223,000,000 22,552,000,000 23,340,000,000 24,010,000,000 24,741,000,000 25,547,000,000 26,394,000,000 27,323,000,000 28,107,000,000 28,990,000,000 29,796,000,000 
        ffelp loans
      		28,141,000,000 28,952,000,000 29,618,000,000 30,244,000,000 30,852,000,000 31,522,000,000 37,925,000,000 40,851,000,000 43,525,000,000 49,214,000,000 54,350,000,000 56,873,000,000 69,908,000,000 74,257,000,000 79,403,000,000 83,916,000,000 86,140,000,000 85,284,000,000 87,730,000,000 90,146,000,000 92,618,000,000 95,018,000,000 96,498,000,000 98,468,000,000 100,264,000,000 102,424,000,000 104,521,000,000 
        investments
      		166,000,000 147,000,000 135,000,000 125,000,000 143,000,000 140,000,000 146,000,000 158,000,000     207,000,000               
        cash and cash equivalents
      		637,000,000 571,000,000 712,000,000 642,000,000 722,000,000 1,143,000,000 839,000,000 1,317,000,000 1,535,000,000 976,000,000 1,050,000,000 1,497,000,000 1,206,000,000 2,143,000,000 2,398,000,000 1,248,000,000 1,153,000,000 1,364,000,000 1,253,000,000 1,823,000,000 1,377,000,000 1,168,000,000 1,594,000,000 1,305,000,000 1,614,000,000 2,051,000,000 1,443,000,000 
        restricted cash and cash equivalents
      		1,467,000,000 1,301,000,000 1,365,000,000 1,413,000,000 1,381,000,000 1,650,000,000 1,954,000,000 1,951,000,000 3,272,000,000 2,460,000,000 2,261,000,000 2,605,000,000 3,014,000,000 3,105,000,000 3,399,000,000             
        goodwill and acquired intangible assets
      		434,000,000 435,000,000 436,000,000 437,000,000 437,000,000 438,000,000 695,000,000 700,000,000 705,000,000 718,000,000 721,000,000 731,000,000 780,000,000 792,000,000 802,000,000 727,000,000 658,000,000 664,000,000 670,000,000 683,000,000 696,000,000 702,000,000 705,000,000 544,000,000 546,000,000 549,000,000 369,000,000 
        other assets
      		2,385,000,000 2,444,000,000 2,426,000,000 2,399,000,000 2,538,000,000 2,542,000,000 2,914,000,000 2,889,000,000 2,866,000,000 2,828,000,000 3,244,000,000 3,206,000,000 3,323,000,000 3,453,000,000 3,928,000,000 4,088,000,000 4,276,000,000 3,992,000,000 4,193,000,000 4,591,000,000 4,782,000,000 4,697,000,000 4,682,000,000 5,045,000,000 5,096,000,000 5,456,000,000 5,664,000,000 
        total assets
      		48,681,000,000 49,306,000,000 50,222,000,000 50,950,000,000 51,789,000,000 53,440,000,000 61,375,000,000 65,598,000,000 70,795,000,000 76,065,000,000 81,939,000,000 84,957,000,000 100,579,000,000 106,493,000,000 113,209,000,000 117,085,000,000 120,354,000,000 117,890,000,000 121,136,000,000 125,312,000,000 128,372,000,000 131,377,000,000 134,112,000,000 137,666,000,000 140,220,000,000 143,872,000,000 146,352,000,000 
        liabilities
      		                           
        short-term borrowings
      		5,073,000,000 4,920,000,000 4,752,000,000 4,855,000,000 5,134,000,000 5,305,000,000 4,226,000,000 4,838,000,000 5,870,000,000 4,609,000,000 2,781,000,000 5,684,000,000 7,505,000,000 5,007,000,000 5,131,000,000 3,281,000,000 3,918,000,000 2,160,000,000 2,334,000,000 2,637,000,000 2,370,000,000 2,363,000,000 2,570,000,000 2,816,000,000 2,951,000,000 4,090,000,000 2,663,000,000 
        long-term borrowings
      		40,633,000,000 41,414,000,000 42,345,000,000 42,872,000,000 43,184,000,000 44,695,000,000 53,402,000,000 56,936,000,000 61,026,000,000 67,738,000,000 75,629,000,000 75,674,000,000 88,140,000,000 96,089,000,000 102,797,000,000 108,557,000,000 110,778,000,000 109,586,000,000 112,368,000,000 116,540,000,000 119,637,000,000 122,920,000,000 124,833,000,000 128,293,000,000 130,387,000,000 132,330,000,000 136,866,000,000 
        other liabilities
      		576,000,000 533,000,000 561,000,000 634,000,000 830,000,000 746,000,000 987,000,000 894,000,000 922,000,000 791,000,000 795,000,000 862,000,000 1,491,000,000 1,642,000,000 1,613,000,000 1,697,000,000 2,094,000,000 2,472,000,000 2,711,000,000 2,401,000,000 2,662,000,000 2,255,000,000 2,710,000,000 2,670,000,000 2,949,000,000 3,361,000,000 2,625,000,000 
        total liabilities
      		46,282,000,000 46,867,000,000 47,658,000,000 48,361,000,000 49,148,000,000 50,746,000,000 58,615,000,000 62,668,000,000 67,818,000,000 73,138,000,000 79,205,000,000 82,220,000,000 97,136,000,000 102,738,000,000 109,541,000,000 113,535,000,000 116,790,000,000 114,218,000,000 117,413,000,000 121,578,000,000 124,669,000,000 127,538,000,000 130,113,000,000 133,779,000,000 136,287,000,000 139,781,000,000 142,154,000,000 
        commitments and contingencies
      		                           
        equity
      		                           
        series a junior participating preferred stock, par value 0.20 per share; 2 million shares authorized; no shares issued or outstanding
      		                           
        common stock, par value 0.01 per share...
      		4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000  
        additional paid-in capital
      		3,403,000,000 3,398,000,000 3,394,000,000 3,390,000,000 3,380,000,000 3,374,000,000 3,353,000,000 3,343,000,000 3,313,000,000 3,305,000,000 3,277,000,000 3,255,000,000 3,174,000,000 3,142,000,000 3,127,000,000 3,067,000,000 3,056,000,000 3,047,000,000 3,022,000,000 3,006,000,000 2,985,000,000 2,975,000,000 2,967,000,000 2,964,000,000 2,954,000,000 2,935,000,000 2,893,000,000 
        accumulated other comprehensive income
      		2,000,000 -1,000,000  2,000,000 3,000,000 3,000,000 19,000,000 65,000,000  30,000,000   43,000,000 227,000,000 173,000,000 16,000,000 7,000,000 22,000,000 6,000,000    -51,000,000 -82,000,000 -26,000,000 -36,000,000 9,000,000 
        retained earnings
      		4,552,000,000 4,573,000,000 4,674,000,000 4,677,000,000 4,697,000,000 4,690,000,000 4,638,000,000 4,625,000,000 4,490,000,000 4,323,000,000 3,975,000,000 3,670,000,000 3,303,000,000 3,186,000,000 3,073,000,000 3,130,000,000 2,997,000,000 2,930,000,000 2,890,000,000 2,858,000,000 2,677,000,000 2,604,000,000 2,480,000,000 2,251,000,000 2,072,000,000 1,951,000,000 1,724,000,000 
        total navient corporation stockholders’ equity before treasury stock
      		7,961,000,000    8,084,000,000  8,014,000,000  7,894,000,000 7,662,000,000 7,067,000,000 6,703,000,000 6,524,000,000 6,559,000,000 6,377,000,000 6,217,000,000 6,064,000,000 6,003,000,000 5,922,000,000 5,742,000,000 5,495,000,000 5,451,000,000 5,400,000,000 5,137,000,000 5,004,000,000 4,854,000,000 4,630,000,000 
        less: common stock held in treasury at cost: 371 million and 362 million shares, respectively
      		-5,562,000,000                           
        total equity
      		2,399,000,000 2,439,000,000 2,564,000,000 2,589,000,000 2,641,000,000 2,694,000,000 2,760,000,000 2,930,000,000 2,977,000,000 2,927,000,000 2,734,000,000 2,737,000,000 3,443,000,000 3,755,000,000 3,668,000,000 3,550,000,000 3,564,000,000 3,672,000,000 3,723,000,000 3,734,000,000 3,703,000,000 3,839,000,000 3,999,000,000 3,887,000,000 3,933,000,000 4,091,000,000 4,198,000,000 
        total liabilities and equity
      		48,681,000,000 49,306,000,000 50,222,000,000 50,950,000,000 51,789,000,000 53,440,000,000 61,375,000,000 65,598,000,000 70,795,000,000 76,065,000,000 81,939,000,000 84,957,000,000 100,579,000,000 106,493,000,000 113,209,000,000 117,085,000,000 120,354,000,000 117,890,000,000 121,136,000,000 125,312,000,000 128,372,000,000 131,377,000,000 134,112,000,000 137,666,000,000 140,220,000,000 143,872,000,000 146,352,000,000 
        series a junior participating preferred stock, par value 0.20 per share; 2 million shares authorized at december 31, 2021; no shares issued or outstanding
      		                           
        total stockholders’ equity before treasury stock
      		 7,974,000,000 8,072,000,000 8,073,000,000  8,071,000,000  8,037,000,000                    
        less: common stock held in treasury at cost: 369 million and 362 million shares, respectively
      		 -5,535,000,000                          
        less: common stock held in treasury at cost: 367 million and 362 million shares, respectively
      		  -5,508,000,000                         
        less: common stock held in treasury at cost: 365 million and 362 million shares, respectively
      		   -5,484,000,000                        
        less: common stock held in treasury at cost: 362 million and 350 million shares, respectively
      		    -5,443,000,000                       
        less: common stock held in treasury at cost: 358 million and 350 million shares, respectively
      		     -5,377,000,000                      
        less: common stock held in treasury at cost: 350 million and 331 million shares, respectively
      		      -5,254,000,000                     
        less: common stock held in treasury at cost: 342 million and 331 million shares, respectively
      		       -5,107,000,000                    
        held-to-maturity
      		        60,000,000 65,000,000 80,000,000 64,000,000                
        other
      		        107,000,000 136,000,000 215,000,000 239,000,000  294,000,000 354,000,000 293,000,000 312,000,000 311,000,000 347,000,000 438,000,000 541,000,000 422,000,000 496,000,000 679,000,000 637,000,000 597,000,000 627,000,000 
        total investments
      		        167,000,000 201,000,000 295,000,000 303,000,000  296,000,000 356,000,000 296,000,000 315,000,000 314,000,000 350,000,000 442,000,000 545,000,000 427,000,000 501,000,000 685,000,000 643,000,000 603,000,000 633,000,000 
        accumulated other comprehensive loss
      		        87,000,000  -189,000,000 -226,000,000        -126,000,000 -171,000,000 -132,000,000      
        less: common stock held in treasury at cost: 331 million and 305 million shares, respectively
      		        -4,917,000,000                   
        total navient corporation stockholders’ equity
      		        2,977,000,000 2,927,000,000 2,723,000,000 2,723,000,000 3,430,000,000 3,724,000,000 3,637,000,000 3,526,000,000 3,540,000,000 3,648,000,000 3,699,000,000 3,710,000,000 3,679,000,000 3,815,000,000 3,975,000,000 3,883,000,000 3,929,000,000 4,087,000,000 4,198,000,000 
        noncontrolling interest
      		          11,000,000 14,000,000 13,000,000 31,000,000 31,000,000 24,000,000 24,000,000 24,000,000 24,000,000 24,000,000 24,000,000 24,000,000 24,000,000 4,000,000 4,000,000 4,000,000  
        less: common stock held in treasury at cost: 319 million and 305 million shares, respectively
      		         -4,735,000,000                  
        less: common stock held in treasury at cost: 297 million and 267 million shares, respectively
      		          -4,344,000,000                 
        less: common stock held in treasury at cost: 278 million and 267 million shares, respectively
      		           -3,980,000,000                
        less: common stock held in treasury at cost: 210 million and 198 million shares, respectively
      		            -3,094,000,000               
        available-for-sale
      		             2,000,000 2,000,000 3,000,000 3,000,000 3,000,000 3,000,000 4,000,000 4,000,000 5,000,000 5,000,000 6,000,000 6,000,000 6,000,000 6,000,000 
        less: common stock held in treasury at cost: 187 million and 177 million shares, respectively
      		             -2,835,000,000              
        less: common stock held in treasury at cost: 180 million and 177 million shares, respectively
      		              -2,740,000,000             
        restricted cash and investments
      		               3,386,000,000 3,589,000,000 3,720,000,000 3,600,000,000 3,617,000,000 3,613,000,000 3,818,000,000 3,738,000,000 4,296,000,000 3,950,000,000 3,799,000,000 3,926,000,000 
        less: common stock held in treasury at cost: 177 million and 145 million shares, respectively
      		               -2,691,000,000            
        less: common stock held in treasury at cost: 165 million and 145 million shares, respectively
      		                -2,524,000,000           
        less: common stock held in treasury at cost: 154 million and 145 million shares, respectively
      		                 -2,355,000,000          
        less: common stock held in treasury at cost: 145 million and 82 million shares, respectively
      		                  -2,223,000,000         
        less: common stock held in treasury at cost: 132 million and 82 million shares, respectively
      		                   -2,032,000,000        
        less: common stock held in treasury at cost: 116 million and 82 million shares, respectively
      		                    -1,816,000,000       
        less: common stock held in treasury at cost: 103 million and 82 million shares, respectively
      		                     -1,636,000,000      
        less: common stock held in treasury at cost: 82 million and 24 million shares, respectively
      		                      -1,425,000,000     
        less: common stock held in treasury at cost: 68 million and 24 million shares, respectively
      		                       -1,254,000,000    
        less: common stock held in treasury at cost: 56 million and 24 million shares, respectively
      		                        -1,075,000,000   
        less: common stock held in treasury at cost: 40 million and 24 million shares, respectively
      		                         -767,000,000  
        preferred stock, par value .20 per share, 20 million shares authorized
      		                           
        series a: 0 million and 3.3 million shares issued, respectively, at stated value of 50 per share
      		                           
        series b: 0 million and 4 million shares issued, respectively, at stated value of 100 per share
      		                           
        common stock
      		                          4,000,000 
        less: common stock held in treasury at cost: 24 million and 116 million shares, respectively
      		                          -432,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-03-31 2015-09-30 2015-06-30 2015-03-31 
                       
          operating activities
        		               
          net income
        		-5,000,000 -86,000,000 13,000,000 -2,000,000 130,999,893 -176,999,893 -83,000,000 126,000,000 176,000,000 112,000,000 88,000,000 181,000,000 237,000,000 182,000,000 292,000,000 
          adjustments to reconcile net income to net cash from operating activities:
        		               
          (gain) on sale of subsidiaries
        		               
          losses on debt repurchases
        		               
          goodwill and acquired intangible asset impairment and amortization expense
        		1,000,000 0 1,000,000 1,000,000 145,999,855 -4,999,855 5,000,000 9,000,000 6,000,000 5,000,000 6,000,000 4,000,000 3,000,000 3,000,000 1,000,000 
          stock-based compensation expense
        		5,000,000 4,000,000 4,000,000 8,000,000 22,999,983 -16,999,983 1,000,000 13,000,000 7,000,000 5,000,000 14,000,000 12,000,000 4,000,000 11,000,000 12,000,000 
          mark-to-market losses on derivative and hedging activities
        		15,000,000 16,000,000 41,000,000 52,000,000            
          provisions for loan losses
        		44,000,000 169,000,000 37,000,000 30,000,000 112,999,932 3,000,068 145,000,000  105,000,000 105,000,000 107,000,000 111,000,000 123,000,000 198,000,000 125,000,000 
          decrease in accrued interest receivable
        		0 4,000,000 20,000,000 52,000,000 347,999,659 69,000,341 -235,000,000 18,000,000 62,000,000 -32,000,000 60,000,000 71,000,000 94,000,000 -46,000,000 148,000,000 
          increase in accrued interest payable
        		               
          decrease in other assets
        		71,000,000 -10,000,000 -31,000,000 28,000,000 90,999,889 -80,999,889 295,000,000 167,000,000 114,000,000 15,000,000 84,000,000 308,000,000 392,000,000 254,000,000 153,000,000 
          increase in other liabilities
        		    -195,999,847 -2,000,153 -345,000,000 -40,000,000 -88,000,000 -27,000,000 50,000,000 -64,000,000 -174,000,000 -24,000,000 64,000,000 
          total adjustments
        		179,000,000 156,000,000 113,000,000 73,000,000 327,999,656 -66,999,656 -146,000,000         
          total net cash from operating activities
        		      -229,000,000 284,000,000 289,000,000 275,000,000 350,000,000 342,000,000 404,000,000 556,000,000 499,000,000 
          investing activities
        		               
          education loans originated and acquired
        		-692,000,000 -687,000,000 -473,000,000 -630,000,000 -1,386,998,983 437,998,983          
          principal payments on education loans
        		               
          other investing activities
        		-22,000,000 -15,000,000 -3,000,000 27,000,000   53,000,000 -9,000,000 110,000,000 -195,000,000 15,000,000 69,000,000 -28,000,000 -42,000,000 24,000,000 
          disposal of subsidiaries, net of cash disposed of
        		               
          total net cash from investing activities
        		      5,472,000,000 2,721,000,000 3,194,000,000 -1,133,000,000 3,011,000,000 2,185,000,000 2,049,000,000 2,560,000,000 2,740,000,000 
          financing activities
        		               
          borrowings collateralized by loans in trust - issued
        		540,000,000 541,000,000 534,000,000 547,000,000 1,105,998,894 -843,998,894 -3,749,000,000         
          borrowings collateralized by loans in trust - repaid
        		-1,378,000,000 -1,537,000,000 -1,213,000,000 -1,217,000,000 -9,769,991,711 5,836,991,711 -3,937,000,000         
          asset-backed commercial paper conduits
        		141,000,000 195,000,000 -156,000,000 -4,000,000 -115,999,391 -277,000,609 2,817,000,000 -1,848,000,000 -1,731,000,000 2,297,000,000 -1,930,000,000 -155,000,000 1,430,000,000 -348,000,000 -539,000,000 
          long-term unsecured notes issued
        		0 0              
          long-term unsecured notes repaid
        		0 0 -504,000,000 -50,000,000 -506,999,993 1,001,999,993 1,543,000,000         
          other financing activities
        		49,000,000 9,000,000 35,000,000 -5,000,000 -78,999,956 28,999,956 -8,000,000 -59,000,000 -96,000,000 81,000,000 -120,000,000 113,000,000 28,000,000 -198,000,000 59,000,000 
          common stock repurchased
        		-26,000,000 -26,000,000 -24,000,000 -35,000,000 -178,999,886 164,999,886 50,000,000  -165,000,000 -165,000,000 -110,000,000 -200,000,000 -175,000,000 -300,000,000 -300,000,000 
          common dividends paid
        		-15,000,000 -16,000,000 -16,000,000 -16,000,000 -69,999,947 39,999,947 -9,000,000 -42,000,000        
          total net cash from financing activities
        		      -3,788,000,000 -1,854,000,000        
          net increase in cash, cash equivalents, restricted cash and restricted cash equivalents
        		232,000,000 -205,000,000 22,000,000 -48,000,000   1,455,000,000 1,151,000,000        
          cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period
        		0 0 0 2,103,000,000 2,792,997,207 -4,806,997,207 41,000,000 4,646,000,000        
          cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
        		232,000,000 -205,000,000 22,000,000 2,055,000,000 2,102,997,207 -3,267,997,207 1,496,000,000 5,797,000,000        
          supplemental disclosure of cash flow information:
        		               
          cash disbursements made (refunds received) for:
        		               
          interest
        		      854,000,000 798,000,000 742,000,000 709,000,000 670,000,000 515,000,000 498,000,000 491,000,000 500,000,000 
          income taxes paid
        		1,000,000 24,000,000 0 1,000,000 37,999,969 -8,999,969 -114,000,000 2,000,000 4,000,000 94,000,000 9,000,000 20,000,000 0 66,000,000 1,000,000 
          income taxes received
        		      -3,000,000 -2,000,000    -2,000,000    
          reconciliation of the consolidated statements of cash flows to the consolidated balance sheets:
        		               
          cash and cash equivalents
        		66,000,000 -141,000,000 70,000,000 642,000,000 721,998,857 -1,316,998,857 485,000,000 2,398,000,000        
          restricted cash and restricted cash equivalents
        		166,000,000 -64,000,000 -48,000,000 1,413,000,000 1,380,998,350 -1,950,998,350 1,011,000,000 3,399,000,000        
          total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
        		232,000,000 -205,000,000 22,000,000 2,055,000,000 2,102,997,207 -3,267,997,207 1,496,000,000 5,797,000,000        
          cash flows from operating activities
        		               
          (gain) on sale of subsidiary
        		               
          (decrease) in accrued interest payable
        		   -55,000,000            
          (decrease) in other liabilities
        		 10,000,000 -10,000,000 -43,000,000            
          net cash from operating activities
        		 70,000,000 126,000,000 71,000,000  -243,999,549          
          capital expenditures
        		 0 0 0  0          
          free cash flows
        		 70,000,000 126,000,000 71,000,000  -243,999,549          
          cash flows from investing activities
        		               
          proceeds from payments on education loans
        		 1,261,000,000 1,221,000,000 1,239,000,000  -4,110,991,783          
          disposal of subsidiaries, net of cash and restricted cash disposed of
        		 0 0 25,000,000            
          net cash from investing activities
        		 559,000,000 745,000,000 661,000,000  -3,673,992,441          
          cash flows from financing activities
        		               
          net cash from financing activities
        		 -834,000,000 -849,000,000 -780,000,000  5,456,991,990    647,000,000 -3,250,000,000 -2,953,000,000 -2,762,000,000 -3,553,000,000 -2,631,000,000 
          interest paid
        		 665,000,000 611,000,000 703,000,000  -1,687,997,469          
          income taxes refunds received
        		     1,999,998          
          mark-to-market (gains) losses on derivative and hedging activities
        		               
          disposal of a subsidiary, net of cash disposed of
        		               
          net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
        		               
          (gains) on sale of education loans
        		               
          proceeds from sales of education loans
        		               
          purchase of subsidiary, net of cash acquired
        		            0 0 -181,000,000 
          supplemental cash flow information:
        		               
          non-cash activities
        		               
          investing activity - held-to-maturity asset backed securities retained related to sales of education loans
        		               
          operating activity - servicing assets recognized upon sales of education loans
        		               
          (gains) on sales of education loans
        		               
          education loans acquired and originated
        		               
          noncash activity:
        		               
          unrealized losses on derivative and hedging activities
        		       -63,000,000  8,000,000 13,000,000     
          provision for losses
        		       87,000,000        
          decrease in accrued interest payable
        		       -33,000,000   -65,000,000 -145,000,000 -86,000,000 53,000,000 -60,000,000 
          education loans acquired
        		       -821,000,000 -632,000,000 -4,998,000,000 -798,000,000 -1,537,000,000    
          reduction of education loans:
        		               
          installment payments
        		       3,547,000,000        
          purchases of other securities
        		       -1,000,000    -42,000,000 -79,000,000   
          proceeds from maturities of other securities
        		       5,000,000 4,000,000 7,000,000 8,000,000 41,000,000 23,000,000 0 1,000,000 
          borrowings collateralized by loans in trust — issued
        		       3,930,000,000 2,934,000,000 2,171,000,000 1,919,000,000 1,545,000,000 686,000,000 1,746,000,000 1,678,000,000 
          borrowings collateralized by loans in trust — repaid
        		       -3,668,000,000 -3,739,000,000 -3,987,000,000 -3,203,000,000 -3,228,000,000 -4,247,000,000 -3,333,000,000 -3,369,000,000 
          long-term notes issued
        		               
          long-term notes repaid
        		       -167,000,000        
          adjustments to reconcile net income to net cash from
        		               
          gains on sales of loans and investments
        		               
          unrealized gains on derivative and hedging activities
        		           -131,000,000 -175,000,000 -138,000,000 -224,000,000 
          installment payments, claims and other
        		        3,539,000,000 3,833,000,000 3,918,000,000 3,734,000,000 3,539,000,000 3,637,000,000 3,407,000,000 
          proceeds from maturities of available-for-sale securities
        		            0   
          decrease in restricted cash — variable interest entities
        		        256,000,000   -80,000,000  -222,000,000 126,000,000 
          purchase of subsidiaries, net of cash acquired
        		               
          other short-term borrowings repaid
        		        0 0 -25,000,000     
          other long-term notes issued
        		               
          other long-term notes repaid
        		               
          net increase in cash and cash equivalents
        		          111,000,000 -426,000,000  -437,000,000 608,000,000 
          cash and cash equivalents at beginning of period
        		        0 0 1,253,000,000 1,594,000,000 0 0 1,443,000,000 
          cash and cash equivalents at end of period
        		        95,000,000 -211,000,000 1,364,000,000 1,168,000,000 -309,000,000 -437,000,000 2,051,000,000 
          investing activity — education loans and restricted cash acquired
        		        0       
          operating activity — other assets acquired and other liabilities assumed
        		        0       
          financing activity — borrowings assumed in acquisition of education loans and restricted cash
        		        0       
          decrease in restricted cash — other
        		            -13,000,000 70,000,000 -7,000,000 
          other long-term borrowings issued
        		         546,000,000 807,000,000  0 0 493,000,000 
          other long-term borrowings repaid
        		         -251,000,000 -542,000,000 -974,000,000 -426,000,000 -1,059,000,000 -590,000,000 
          common stock dividends paid
        		         -45,000,000 -46,000,000 -54,000,000 -58,000,000 -61,000,000 -63,000,000 
          net decrease in cash and cash equivalents
        		               
          increase in restricted cash — other
        		          -7,000,000 -5,000,000    
          increase in restricted cash — variable interest entities
        		          -132,000,000     
          income from discontinued operations, net of tax
        		               
          gains on loans and investments
        		            0 -7,000,000 -5,000,000 
          gains on debt repurchases
        		               
          loss from discontinued operations, net of tax
        		               
          cash from operating activities — continuing operations
        		            404,000,000   
          cash from operating activities — discontinued operations
        		               
          student loans acquired and originated
        		            -1,106,000,000 -1,004,000,000 -830,000,000 
          reduction of student loans:
        		               
          proceeds from sales of student loans
        		            0 193,000,000 193,000,000 
          purchases of available-for-sale securities
        		               
          distribution of consumer banking business
        		               
          retail and other deposits
        		               
          preferred stock dividends paid
        		               
          goodwill and acquired intangible assets impairment and amortization expense
        		               
          proceeds from sales and maturities of other securities
        		               
          ed conduit program facility
        		               
          other short-term borrowings issued
        		               
          cash and cash equivalents at beginning of year
        		               
          cash and cash equivalents at end of year
        		               
          investing activity — student loans and other assets acquired
        		               
          student loans and other assets removed related to sale of residual interest in securitization
        		               
          financing activity — borrowings assumed in acquisition of student loans and other assets
        		               
          borrowings removed related to sale of residual interest in securitization