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