NAVI on Nasdaq

Navient

Logo: navient.com⁵

Student debt collection service based in Wilmington, Delaware

Navient Corporation is an American financial services company and former student loan servicer based in Herndon, Virginia. The company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. The company employs 4,500 people at offices across the US.³ Its chief executive is John F. Remondi.¹ Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Apr 30, 2014Founded¹

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TickerNAVI on Nasdaq¹
Industryfinancial services¹
HeadquartersWilmington¹
Websitewww.navient.com
Legal formDelaware corporation¹
Incorporated inDE⁶
Business address13865 Sunrise Valley Drive, Herndon, Va 20171⁶
Filer categoryLarge accelerated filer⁶
LEI54930067J0ZNOEBRW338⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 5427680⁴

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Navient image from its website — Image: navient.com⁵

Navient Corporation is an American financial services company and former student loan servicer based in Herndon, Virginia. The company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. The company employs 4,500 people at offices across the US. In 2018, Navient serviced a quarter of all student loans in the United States. In 2024, the company was barred from servicing federal student loans.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

48.3%Net margin⁹

-15.6%Revenue growth, 2024¹⁰

5.0%Return on equity⁹

16.35×Debt to equity⁹

Where the money goes

Where each dollar of revenue went, fiscal 2024

Other costsIncome taxProfit

Other costs36¢$97.0M
Income tax16¢$43.0M
Profit48¢$131.0M

Out of $271.0M in revenue.¹⁰⁹

Where each dollar of operating cash went, fiscal 2024

Dividends paidShare buybacksKept or used elsewhere

Dividends paid15¢$70.0M
Share buybacks39¢$179.0M
Kept or used elsewhere46¢$210.0M

Out of $459.0M of cash from operations.⁹

Financial statements

Revenue¹¹¹²¹³¹⁰$271.0M in 2024−31% since 2019

Net income¹⁴¹²¹³¹⁰⁹$131.0M in 2024−78% since 2019

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and investments	$83.0M	$154.0M	$153.0M
Total interest income	$3.1B	$3.8B	$4.4B
Total interest expense	$2.6B	$3.3B	$3.6B
Net interest income (loss)	$519.0M	$536.0M	$862.0M
Less: provisions for loan losses	$280.0M	$113.0M	$123.0M
Net interest income (loss) after provisions for loan losses	$239.0M	$423.0M	$739.0M
Servicing revenue	$51.0M	$54.0M	$64.0M
Asset recovery and business processing revenue	$23.0M	$271.0M	$321.0M
Other income	$47.0M	$30.0M	$21.0M
Gain on sale of subsidiaries, net	$0	$191.0M	$0
Losses on debt repurchases	$0	$0	-$8.0M
Gains (losses) on derivative and hedging activities, net	-$30.0M	$70.0M	$11.0M
Total other income (loss)	$91.0M	$616.0M	$409.0M
Salaries and benefits	$149.0M	$316.0M	$401.0M
Other operating expenses	$272.0M	$364.0M	$399.0M
Total operating expenses	$421.0M	$680.0M	$800.0M
Goodwill and acquired intangible asset impairment and amortization expense	$3.0M	$146.0M	$10.0M
Restructuring/other reorganization expenses	$17.0M	$39.0M	$25.0M
Total expenses	$441.0M	$865.0M	$835.0M
Income (loss) before income tax expense (benefit)	-$111.0M	$174.0M	$313.0M
Income tax expense (benefit)	-$31.0M	$43.0M	$85.0M
Net income (loss)	-$80.0M	$131.0M	$228.0M
Basic earnings (loss) per common share	-$0.81	$1.20	$1.87
Average common shares outstanding	99.0M shares	109.0M shares	122.0M shares
Diluted earnings (loss) per common share	-$0.81	$1.18	$1.85
Average common and common equivalent shares outstanding	99.0M shares	111.0M shares	123.0M shares
Dividends per common share	$0.64	$0.64	$0.64

Total assets¹¹¹⁴¹²¹³¹⁰⁹$51.8B in 2024−45% since 2019

Total liabilities¹¹¹⁴¹²¹³¹⁰⁹$49.1B in 2024−46% since 2019

Shareholders’ equity¹¹¹⁴¹²⁹$2.6B in 2024−21% since 2019

Cash¹⁴¹²¹³¹⁰⁹$722.0M in 2024−41% since 2019

Long-term debt¹¹¹⁴¹²¹³¹⁰⁹$43.2B in 2024−47% since 2019

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Loans, net	$43.6B	$46.6B
Investments	$166.0M	$143.0M
Cash and cash equivalents	$637.0M	$722.0M	$839.0M
Restricted cash and cash equivalents	$1.5B	$1.4B	$2.0B
Goodwill and acquired intangible assets, net	$434.0M	$437.0M
Other assets	$2.4B	$2.5B
Total assets	$48.7B	$51.8B
Short-term borrowings	$5.1B	$5.1B
Long-term borrowings	$40.6B	$43.2B
Other liabilities	$576.0M	$830.0M
Total liabilities	$46.3B	$49.1B
Common stock, par value $0.01 per share; 1.125 billion shares authorized:467 million and 465 million shares issued, respectively	$4.0M	$4.0M
Additional paid-in capital	$3.4B	$3.4B
Accumulated other comprehensive income (net of tax expense of $1 and $1, respectively)	$2.0M	$3.0M
Retained earnings	$4.6B	$4.7B
Total Navient Corporation stockholders equity before treasury stock	$8.0B	$8.1B
Less: Common stock held in treasury at cost: 371 million and 362 million shares, respectively	-$5.6B	-$5.4B
Total equity	$2.4B	$2.6B
Total liabilities and equity	$48.7B	$51.8B

Period ending	2025-12-31	2024-12-31	2023-12-31
Loans, net	$43.6B	$46.6B
Investments	$166.0M	$143.0M
Cash and cash equivalents	$637.0M	$722.0M	$839.0M
Restricted cash and cash equivalents	$1.5B	$1.4B	$2.0B
Goodwill and acquired intangible assets, net	$434.0M	$437.0M
Other assets	$2.4B	$2.5B
Total assets	$48.7B	$51.8B
Short-term borrowings	$5.1B	$5.1B
Long-term borrowings	$40.6B	$43.2B
Other liabilities	$576.0M	$830.0M
Total liabilities	$46.3B	$49.1B
Common stock, par value $0.01 per share; 1.125 billion shares authorized:467 million and 465 million shares issued, respectively	$4.0M	$4.0M
Additional paid-in capital	$3.4B	$3.4B
Accumulated other comprehensive income (net of tax expense of $1 and $1, respectively)	$2.0M	$3.0M
Retained earnings	$4.6B	$4.7B
Total Navient Corporation stockholders equity before treasury stock	$8.0B	$8.1B
Less: Common stock held in treasury at cost: 371 million and 362 million shares, respectively	-$5.6B	-$5.4B
Total equity	$2.4B	$2.6B
Total liabilities and equity	$48.7B	$51.8B

Cash from operations¹⁴¹²¹³¹⁰⁹$459.0M in 2024−55% since 2019

Dividends paid¹⁴¹²¹³¹⁰⁹$70.0M in 2024−52% since 2019

Share buybacks¹⁴¹²¹³¹⁰⁹$179.0M in 2024−59% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁹

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income (loss)	-$80.0M	$131.0M	$228.0M
(Gain) on sale of subsidiaries, net	$0	-$191.0M	$0
Losses on debt repurchases	$0	$0	$8.0M
Goodwill and acquired intangible asset impairment and amortization expense	$3.0M	$146.0M	$10.0M
Stock-based compensation expense	$21.0M	$23.0M	$24.0M
Mark-to-market (gains)/losses on derivative and hedging activities, net	$124.0M	$25.0M	$147.0M
Provisions for loan losses	$280.0M	$113.0M	$123.0M
(Increase) decrease in accrued interest receivable	$76.0M	$348.0M	-$50.0M
Increase (decrease) in accrued interest payable	-$3.0M	-$31.0M	$29.0M
Decrease in other assets	$58.0M	$91.0M	$52.0M
Increase (decrease) in other liabilities	-$38.0M	-$196.0M	$105.0M
Total adjustments	$521.0M	$328.0M	$448.0M
Total net cash provided by operating activities	$441.0M	$459.0M	$676.0M
Education loans originated and acquired	-$2.5B	-$1.4B	-$970.0M
Principal payments on education loans	$5.2B	$9.5B	$8.3B
Other investing activities, net	-$13.0M	-$6.0M	$5.0M
Disposal of a subsidiaries, net of cash disposed of	$25.0M	$359.0M	$0
Total net cash provided by investing activities	$2.7B	$8.5B	$7.4B
Borrowings collateralized by loans in trust - issued	$2.2B	$1.1B	$1.4B
Borrowings collateralized by loans in trust - repaid	-$5.3B	-$9.8B	-$9.8B
Long-term unsecured notes issued	$495.0M	$0	$989.0M
Long-term unsecured notes repaid	-$554.0M	-$507.0M	-$2.2B
Other financing activities, net	$88.0M	-$79.0M	-$101.0M
Common stock repurchased	-$111.0M	-$179.0M	-$310.0M
Common dividends paid	-$63.0M	-$70.0M	-$78.0M
Total net cash used in financing activities	-$3.2B	-$9.6B	-$10.0B
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	$1.0M	-$690.0M	-$2.0B
Interest	$2.6B	$3.2B	$3.4B
Income taxes paid	$26.0M	$38.0M	$57.0M
Income taxes received	-$7.0M	-$3.0M	-$5.0M

Compare Navient with another company

Corporate structure

Navient sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Navient

DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Navient, latest Oct 8, 2026 (6 filings since Feb 8, 2022)
Sherborne Investors Management LP Filed SCHEDULE 13D/A on Navient, latest Apr 17, 2026 (7 filings since Oct 27, 2023)
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Navient, latest Mar 27, 2026 (6 filings since Feb 10, 2022)
BlackRock Filed SCHEDULE 13G/A on Navient, latest Jul 17, 2025 (5 filings since Jan 26, 2022)
Sherborne Investors LP Filed SCHEDULE 13D/A on Navient, latest Dec 26, 2024 (6 filings since Mar 4, 2022)
Fitzgerald Europe Cantor Filed SC 13G/A on Navient, latest Apr 4, 2022 (2 filings since Feb 14, 2022)

Navient Wilmington, Delaware, United States
- Earnest Funding 5 LLC Subsidiary · San Francisco, California, United States
- Earnest Home LLC Subsidiary · San Francisco, California, United States
- Navient Credit Finance Corporation Subsidiary · Delaware, United States
- Navient Credit Funding, LLC Subsidiary · Delaware, United States
- Navient Funding, LLC VL Funding, LLC Subsidiary · Delaware, United States
- Navient Solutions, LLC Subsidiary · Herndon, Virginia, United States
- Riverfront Insurance, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Navient reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, net	$23.0M⁹ Dec 31, 2025	$52.0M⁹ Dec 31, 2024	−55.8%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$637.0M⁹ Dec 31, 2025	$722.0M⁹ Dec 31, 2024	−11.8%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$428.0M⁹ Dec 31, 2025	$428.0M⁹ Dec 31, 2024	0%
Finite-lived intangibles, gross	$245.0M⁹ Dec 31, 2025	$245.0M⁹ Dec 31, 2024	0%
Accumulated amortization	$239.0M⁹ Dec 31, 2025	$236.0M⁹ Dec 31, 2024	+1.3%
Finite-lived intangibles, net	$6.0M⁹ Dec 31, 2025	$9.0M⁹ Dec 31, 2024	−33.3%

The story

Navient was chartered in 1972 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. It was created mainly for two reasons: 1) to purchase student loans in the secondary market; and, 2) to securitize pools of student loans. The objective is to create liquidity for these loans to increase their value to lenders, reducing the costs to borrowers in the process.

Sallie Mae's privatization began in 1997. In 2004, Sallie Mae's GSE charter dissolved and it became a private-sector company with an independent board.

The U.S. Department of Education selected Sallie Mae in 2009 to service federal loans on its behalf.

In 2010, Congress passed the Health Care and Education Reconciliation Act of 2010, which eliminated the federally guaranteed loan program known as Federal Family Education Loan Program (FFELP), under which banks and companies like Sallie Mae made loans to college students backed by a federal guarantee. As a result, effective July 1, 2010, all federal loans were originated directly by the U.S. Department of Education. Currently, there are no existing government-sponsored entities that provide securitization of student loans.

The company announced in 2013 its plans to separate into two publicly traded companies – an education loan management business to be launched with a new name – Navient – and a consumer banking business, which retained the name Sallie Mae. The spin-off was completed on April 30, 2014.

In 2015, Navient attracted recognition from 2020 Women on Boards, the Women's Forum of New York, and the New York Stock Exchange Governance Services for gender diversity on its board of directors.

The company acquired asset recovery and business process outsourcing firm, Gila LLC, and health care payments firm Xtend Healthcare.

On September 28, 2021, Navient announced that it planned to cease servicing federal student loans. It initially asked to offload its responsibilities to another federal loan servicer, Maximus Inc. In October 2021, the Department of Education approved the plan for Navient to transfer outstanding Department of Education owned federal loans and select personnel to Maximus through a newly formed federal loan servicing unit called Aidvantage.

Read the full text

In 2021, student loan borrowers filed a lawsuit against Navient in order to force the company into bankruptcy. In January 2022, a $1.85 billion settlement was announced between student loan borrowers and Navient. On October 17, 2022, the student borrowers won an injunction that barred the company from collecting payments for certain loans that were considered discharged in bankruptcy.

In 2023, a Navient subsidiary Earnest began lending to international students.

In May 2024, Navient agreed to outsource its student loan servicing operations to MOHELA.

In September 2024, Navient was banned from servicing most federal student loans, as well as required to pay $20 million in fines and $100 million in compensation to borrowers, under a proposed settlement with the Consumer Financial Protection Bureau (CFPB).

From Wikipedia’s article on Navient, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Navient, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

David L. Yowan2023–now

Chief financial officer

Chief operating officer

201520202025

Chief executive officerDavid L. Yowan May 17, 2023 to now¹⁹
Chief executive officerJohn F. Remondi Apr 23, 2014 to May 17, 2023²⁰
PresidentDavid L. Yowan May 17, 2023 to now¹⁹
Chief financial officerStephen M. Hauber Feb 10, 2026 to now²¹
Chief financial officerTed A. Morris Jun 11, 2020 to Jun 11, 2020²²
Chief financial officerChristian M. Lown Mar 28, 2017 to Mar 31, 2020²³
Chief financial officerSomsak Chivavibul Apr 23, 2014 to Feb 21, 2017²⁴
Chief operating officerTroy Standish Oct 21, 2024 to now²⁵
Chief operating officerJohn M. Kane Apr 23, 2014 to May 5, 2015²⁶

Board members and other officers (21)

SVP, Chief Risk&Compliance OffStephen M. Hauber Jun 28, 2017 to now²⁷
EVP, Servicing OperationsJohn F. Whorley Jr. Jun 4, 2015 to Jun 19, 2018²⁸
EVP & Group PresidentJohn M. Kane Aug 4, 2015 to Mar 1, 2024²⁹
Chief Risk OfficerTimothy J. Hynes Iv. Apr 23, 2014 to May 2, 2017³⁰
Board memberDiane E. Offereins Sep 25, 2026 to now³¹
Board memberLarry A. Klane May 10, 2019 to now³²
Board memberMarjorie L. Bowen May 10, 2019 to Feb 7, 2020³³
Board memberFrederick Arnold Aug 15, 2018 to now³⁴
Board memberDavid L. Yowan Apr 4, 2017 to now³⁵
Board memberBarry A. Munitz Apr 23, 2014 to Feb 7, 2017³⁶
Board memberBates Ann Torre Apr 23, 2014 to Jul 27, 2016³⁷
Board memberGilleland Diane Suitt Apr 23, 2014 to Feb 6, 2018³⁸
Board memberJane J. Thompson Apr 23, 2014 to Feb 10, 2025³⁹
Board memberJohn F. Remondi Apr 23, 2014 to Mar 2, 2023⁴⁰
Board memberSteven L. Shapiro Apr 23, 2014 to Feb 5, 2016⁴¹
Board memberWilliam M. Diefenderfer Iii. Apr 23, 2014 to Feb 7, 2019⁴²
Board memberLinda Mills May 22, 2014 to Feb 10, 2025⁴³
Board memberKatherine A. Lehman Nov 18, 2014 to Feb 8, 2022⁴⁴
Board memberLaura S. Unger Nov 18, 2014 to Feb 13, 2024⁴⁵
Board memberAnna Escobedo Cabral Dec 11, 2014 to now⁴⁶
General counselMark L. Heleen Feb 12, 2015 to May 6, 2024⁴⁷

Products and brands

Duncan Solutions

Earnest

Municipal Services Bureau (MSB)

Navient BPO (Business Process Outsourcing)

Read the full text

Navient Portfolio Management

Pioneer Credit Recovery, Inc.

Xtend Healthcare

From Wikipedia’s article on Navient, shared under CC BY-SA 4.0.⁷

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

Navient Credit Finance Corporation Delaware⁸
Navient Credit Funding, LLC Delaware⁸
Navient Funding, LLC VL Funding, LLC Delaware⁸
Navient Solutions, LLC Delaware⁸
Riverfront Insurance, LLC Delaware⁸

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

New CorpDec 6, 2013 to Feb 28, 2014⁶

Controversies and legal

Lawsuits, investigations, settlements, and controversies

In August 2015, the CFPB, which had been investigating the company for nearly two years, sent Navient a letter telling its executives that the agency's enforcement staff had found enough evidence to indicate the company violated consumer protection laws.

On May 28, 2015, the United States Department of Justice announced that nearly 78,000 military service members would begin receiving $60 million in compensation for being charged excess interest on their student loans by Navient. The company opted for this settlement to resolve the federal government's lawsuit alleging the company's violation of the rights of service members eligible for benefits and protections under the Service Members Civil Relief Act (SCRA).

On March 14, 2016, Senator Elizabeth Warren gave a speech in Congress qualifying Navient's service and subsequent contract award by the Department of Education as "an outrageous fiasco". Warren recommended "a total reform of student loan servicing to make sure that nothing as the Navient disaster ever happens again".

In June 2016, stockholders filed a class action lawsuit against Navient. The plaintiffs included Chicago police officers and retired city employees in Providence, Rhode Island.

On January 18, 2017, the CFPB, along with the Attorneys General of Illinois, Pennsylvania, and Washington, filed a complaint against Navient in the United States District Court for the Middle District of Pennsylvania alleging violations of the Fair Credit Reporting Act and Fair Debt Collection Act. It alleged that Navient "systematically and illegally [failed] borrowers at every stage of repayment" with "abusive interest charges, hurting disabled military veterans by making inaccurate reports to credit companies about them and making repayments harder than necessary." According to the court filing,

"Navient has failed to perform its core duties in the servicing of student loans, violating Federal consumer financial laws....

Read the full text

"Navient systematically deterred numerous borrowers from obtaining access to some or all of the benefits and protections associated with these plans [plans limiting repayment based on income]. Despite assuring borrowers that it would help them find the right repayment option for their circumstances, Navient steered these borrowers experiencing financial hardship that was not short-term or temporary into costly payment relief designed for borrowers experiencing short-term financial problems, before or instead of affordable long-term repayment options that were more beneficial to them in light of their financial situation.

"For borrowers who did enroll in long-term repayment plans, Navient failed to disclose the annual deadline to renew those plans, misrepresented the consequences of non-renewal, and obscured its renewal notice to borrowers who were due for renewal. As a result, the affordable payment amount expired for hundreds of thousands of borrowers, resulting in an immediate increase in their monthly payment and other financial harm.

"Navient also misreported information to consumer reporting agencies about thousands of borrowers who were totally and permanently disabled, including veterans whose total and permanent disability was connected to their military service, by making it appear as if those borrowers had defaulted on their student loans when they had not, damaging their credit; misrepresented one of its requirements for borrowers to release their cosigner from their private student loan, thereby denying or delaying access to an important feature on many cosigned private loans that relieves a cosigner of responsibility for the loan once the borrower meets certain eligibility criteria; and repeated the same errors in processing federal and private student loan borrowers’ payments month after month, even after borrowers complained to Navient about those errors."

The company released a public statement and fact sheet denying the allegations and calling them politically motivated and harmful to borrowers. The lawsuit was settled in 2024, under a proposed order from the CFPB that barred Navient from servicing federal student loans and that required the company to pay $120 million in fines and compensation to borrowers.

Since at least 2011, up to 2017, "tens of thousands" of complaints were filed against Navient. In 2017, 6,708 federal complaints were filed about the company, in addition to 4,185 private complaints – more than any other student loan lender.

In 2018, it was revealed that Navient had attempted to collect loans from co-signers after a student's accidental death.

Navient was also sued by the American Federation of Teachers (AFT) for allegedly failing to divert teachers into public forgiveness plans.

Former Attorney General of Louisiana Charles C. Foti Jr. and the law firm of Kahn Swick & Foti announced that they had started investigating Navient. The investigation is focusing on whether Navient's officers and/or directors breached their fiduciary duties to Navient's shareholders or otherwise violated state or federal laws.

In 2019, Navient's lending practices were the subject of an episode of Michael Lewis's "Against the Rules" podcast.

In 2021, it was reported that the US Department of Education had ordered Navient to pay $22.3 million in a decades-old scandal involving Navient's former parent company, Sallie Mae. The company was accused of overcharging the US government. In the same year, the company also faced a class action lawsuit filed in New Jersey by stockholders who alleged they were injured by its scheme of steering borrowers into more lucrative forbearance status rather than pointing them toward income-driven repayment plans.

In 2022, Navient entered into a $1.85 billion settlement over accusations that it had misled borrowers into costly repayment plans and predatory loans. The settlement spanned 39 states and the District of Columbia and included $1.7 billion in loan cancellations and $95 million in payouts. As of January 2022, the settlement is pending court approval.

Student Loan Justice has fought Navient by calling for bankruptcy laws to again include student loan debt.

From Wikipedia’s article on Navient, shared under CC BY-SA 4.0.⁷

Timeline

Sep 25, 20268-K Executive or director change; Other events⁴⁸
Aug 6, 20268-K Results of operations⁴⁹
Jul 2, 20268-K Cybersecurity incident⁵⁰
Jun 5, 20268-K Shareholder vote⁵¹
May 29, 20268-K Entered a material agreement; New debt or obligation⁵²
Apr 29, 20268-K Results of operations⁵³
Apr 8, 20268-K Executive or director change⁵⁴
Jan 28, 20268-K Results of operations⁵⁵
Jan 8, 20268-K Executive or director change⁵⁶
Nov 19, 20258-K Regulation FD disclosure⁵⁷
Oct 29, 20258-K Results of operations⁵⁸
Jul 30, 20258-K Results of operations⁵⁹
May 17, 2023New chief executive David L. Yowan becomes CEO¹⁹
Apr 30, 2014Founded Founded¹
Apr 23, 2014New chief executive John F. Remondi becomes CEO¹

Calendar

Coming up

Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Oct 29, 2025.⁶⁰

When it reported results

Aug 6, 2026Reported quarterly or annual results⁴⁹
Apr 29, 2026Reported quarterly or annual results⁵³
Jan 28, 2026Reported quarterly or annual results⁵⁵
Oct 29, 2025Reported quarterly or annual results⁵⁸
Jul 30, 2025Reported quarterly or annual results⁵⁹
Apr 30, 2025Reported quarterly or annual results⁶¹
Jan 29, 2025Reported quarterly or annual results⁶²
Jan 29, 2025Reported quarterly or annual results⁶³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

332 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 65 major events, 137 insider forms, 32 large holders, 77 other. The latest 20:

The 332 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 2 buys and 10 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Nov 6, 2024	HAUBER STEPHEN MEVP, CFO & PAO	Sale	10,000	$15.00	$150.0K	Form 4
May 3, 2024	HELEEN MARK LEVP, CLO & Secretary	Sale	10,000	$16.00	$160.0K	Form 4
Jan 31, 2024	HELEEN MARK LEVP, CLO & Secretary	Sale	10,000	$17.20	$172.0K	Form 4
Dec 14, 2023	KANE JOHN MEVP & Group President	Sale	150,132	$19.02	$2.9M	Form 4
Nov 7, 2023	HELEEN MARK LEVP, CLO & Secretary	Sale	10,000	$16.99	$169.9K	Form 4
Jul 31, 2023	HELEEN MARK LEVP, CLO & Secretary	Sale	20,000	$19.01	$380.2K	Form 4
Jan 27, 2023	HAUBER STEPHEN MEVP, CFO & PAO	Sale	11,351	$19.17	$217.6K	Form 4
Jan 3, 2023	KANE JOHN MEVP & Group President	Sale	17,006	$16.56	$281.6K	Form 4
Apr 1, 2022	Newbury Investors LLC10% owner	Buy	326,000	$17.13	$5.6M	Form 4
Mar 31, 2022	Newbury Investors LLC10% owner	Buy	315,408	$17.13	$5.4M	Form 4
Feb 3, 2022	HAUBER STEPHEN MEVP, CFO & PAO	Sale	3,161	$17.67	$55.9K	Form 4
Jan 3, 2022	KANE JOHN MEVP & Group President	Sale	20,516	$21.41	$439.2K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 6 filings Feb 8, 2022 to Oct 8, 2026⁶⁴
Sherborne Investors Management LPSCHEDULE 13D/A, 7 filings Oct 27, 2023 to Apr 17, 2026⁶⁵
VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 2026⁶⁶
BlackRockSCHEDULE 13G/A, 5 filings Jan 26, 2022 to Jul 17, 2025⁶⁷
Sherborne Investors LPSCHEDULE 13D/A, 6 filings Mar 4, 2022 to Dec 26, 2024⁶⁸
Fitzgerald Europe CantorSC 13G/A, 2 filings Feb 14, 2022 to Apr 4, 2022⁶⁹

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Dave Yowan	69	$895.5K	$5.5M⁷⁰
2025	Joe Fisher		$510.0K	$2.3M⁷⁰
2025	David Green		$261.5K	$2.1M⁷⁰
2025	Steve Hauber		$494.2K	$1.9M⁷⁰
2025	Troy Standish		$419.2K	$1.7M⁷⁰
2024	President & Chief Executive Officer		$800.0K	$6.1M⁷⁰
2024	Former Executive VicePresident & Chief Financial &		$510.0K	$3.0M⁷⁰
2024	Executive VicePresident & Chief Financial Officer &		$441.3K	$2.2M⁷⁰
2023	President & Chief Executive Officer		$528.6K	$5.1M⁷⁰
2023	Principal Accounting Officer		$419.2K	$1.5M⁷⁰

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Sherborne Investors Management LP	29,449,997	$250.6M	100.0%	No change
BlackRock, Inc.	12,953,626	$110.2M	0.0%	+237,745
Dimensional Fund Advisors LP	5,310,075	$45.2M	0.0%	−1,073,458
Vanguard Capital Management LLC	2,803,871	$23.9M	0.0%	−86,900
State Street Corp	2,744,553	$23.4M	0.0%	+141,680
Vanguard Portfolio Management LLC	2,403,294	$20.5M	0.0%	−1,274,231
American Century Companies Inc	2,025,374	$17.2M	0.0%	−72,860
Wellington Management Group Llp	1,939,380	$16.5M	0.0%	+568,590
Charles Schwab Investment Management Inc	1,843,645	$15.7M	0.0%	−345,559
Geode Capital Management, LLC	1,734,114	$14.8M	0.0%	−2,065
Hotchkis & Wiley Capital Management LLC	1,610,764	$13.7M	0.0%	+203,580
Gator Capital Management, LLC	1,590,727	$13.5M	2.9%	+1,394,532
Jupiter Asset Management Ltd	1,479,131	$12.6M	0.1%	+299,731
Bank Of America Corp /de/	1,408,769	$12.0M	0.0%	+165,005
Arbiter Partners Capital Management LLC	1,325,096	$11.3M	3.1%	+812,548
Allianz Asset Management GmbH	1,323,427	$11.3M	0.0%	+136,988
Morgan Stanley	1,300,355	$11.1M	0.0%	−7,499
Goldman Sachs Group Inc	1,278,685	$10.9M	0.0%	+277,205
Citadel Advisors LLC	1,073,458	$9.1M	0.0%	−237,762
Squarepoint Ops LLC	939,099	$8.0M	0.0%	+557,141
Northern Trust Corp	852,027	$7.3M	0.0%	−17,564
Knightsbridge Asset Management, LLC	546,304	$7.1M	0.5%	−106,777
Aqr Capital Management LLC	770,767	$6.6M	0.0%	+450,977
Storebrand Asset Management As	765,954	$6.5M	0.0%	−138
CenterBook Partners LP	740,706	$6.3M	0.3%	New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Navient is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNAVIENT CORP²
CIK0001593538
Employer ID (EIN)46-4054283⁷¹
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁷¹
Incorporated inDelaware⁷¹
Fiscal year endsDecember 31²
Industry code (SIC)6211 Security Brokers, Dealers & Flotation Companies²
SEC reviewing officeOffice of Finance, Division of Corporation Finance²
Business address13865 Sunrise Valley Drive, Herndon, VA 20171²
Phone703-810-3000²
Shares outstanding93,783,828 as of Jun 30, 2026¹⁵
Public float$1.0B as of Jun 30, 2025⁷¹
AuditorKPMG LLP, McLean, VA PCAOB ID 185; it also attests to the company’s internal control over financial reporting⁷¹
On EDGAR sinceDec 6, 2013²
Filings951 in all: 4 (401), 8-K (189), 10-Q (38), 3 (36), SC 13G/A (35), 144 (33), DEFA14A (23), 424B2 (17)²
All 43 form types
424B5 (15), FWP (15), SC 13D/A (15), SC 13G (14), 10-K (12), 11-K (12), DEF 14A (11), 8-K/A (9), S-8 (9), UPLOAD (8), S-3ASR (6), SCHEDULE 13G/A (6), CORRESP (5), 10-12B/A (4), ARS (4), NO ACT (4), SCHEDULE 13D/A (4), 25-NSE (2), 3/A (2), 4/A (2), 8-A12B (2), CERTNAS (2), DFAN14A (2), PREC14A (2), SC 13D (2), 10-12B (1), 10-K/A (1), 11-K/A (1), CT ORDER (1), DEFC14A (1), DEFR14A (1), EFFECT (1), PREN14A (1), PX14A6G (1), S-1 (1)
Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 16, 2026
Latest 8-K (8-K) Sep 25, 2026

Securities registered for trading

Class	Symbol	Exchange
Common stock, par value $.01 per share	NAVI	The NASDAQ Global Select Market
6% Senior Notes due December 15, 2043	JSM	The NASDAQ Global Select Market
Preferred Stock Purchase Rights	None	The NASDAQ Global Select Market

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).⁷¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataNavient on Wikidata
2
SEC EDGARNavient filings on SEC EDGAR
3
WikipediaNavient on Wikipedia
4
GLEIFNavient LEI record (54930067J0ZNOEBRW338)
5
Company websiteNavient logo
6
SEC EDGARNavient filings on SEC EDGAR
7
WikipediaNavient on Wikipedia (revision used)
8
SEC EDGARNavient annual report, Exhibit 21 (subsidiaries)
9
SEC EDGARNavient 10-K for fiscal 2024
10
SEC EDGARNavient 10-K for fiscal 2024
11
SEC EDGARNavient 10-K for fiscal 2019
12
SEC EDGARNavient 10-K for fiscal 2020
13
SEC EDGARNavient 10-K for fiscal 2021
14
SEC EDGARNavient 10-K for fiscal 2019
15
SEC EDGARNavient 10-Q for fiscal 2025
16
SEC EDGARNavient 10-Q for fiscal 2025
17
SEC EDGARNavient 10-Q for fiscal 2026
18
SEC EDGARNavient 10-Q for fiscal 2025
19
SEC EDGARDavid L. Yowan, Chief executive officer
20
Wikidata and SEC EDGARJohn F. Remondi, Chief executive officer
21
SEC EDGARStephen M. Hauber, Chief financial officer
22
SEC EDGARTed A. Morris, Chief financial officer
23
SEC EDGARChristian M. Lown, Chief financial officer
24
SEC EDGARSomsak Chivavibul, Chief financial officer
25
SEC EDGARTroy Standish, Chief operating officer
26
SEC EDGARJohn M. Kane, Chief operating officer
27
SEC EDGARStephen M. Hauber, SVP, Chief Risk&Compliance Off
28
SEC EDGARJohn F. Whorley Jr., EVP, Servicing Operations
29
SEC EDGARJohn M. Kane, EVP & Group President
30
SEC EDGARTimothy J. Hynes Iv., Chief Risk Officer
31
SEC EDGARDiane E. Offereins, Board member
32
SEC EDGARLarry A. Klane, Board member
33
SEC EDGARMarjorie L. Bowen, Board member
34
SEC EDGARFrederick Arnold, Board member
35
SEC EDGARDavid L. Yowan, Board member
36
SEC EDGARBarry A. Munitz, Board member
37
SEC EDGARBates Ann Torre, Board member
38
SEC EDGARGilleland Diane Suitt, Board member
39
SEC EDGARJane J. Thompson, Board member
40
SEC EDGARJohn F. Remondi, Board member
41
SEC EDGARSteven L. Shapiro, Board member
42
SEC EDGARWilliam M. Diefenderfer Iii., Board member
43
SEC EDGARLinda Mills, Board member
44
SEC EDGARKatherine A. Lehman, Board member
45
SEC EDGARLaura S. Unger, Board member
46
SEC EDGARAnna Escobedo Cabral, Board member
47
SEC EDGARMark L. Heleen, General counsel
48
SEC EDGARExecutive or director change; Other events
49
SEC EDGARResults of operations
50
SEC EDGARCybersecurity incident
51
SEC EDGARShareholder vote
52
SEC EDGAREntered a material agreement; New debt or obligation
53
SEC EDGARResults of operations
54
SEC EDGARExecutive or director change
55
SEC EDGARResults of operations
56
SEC EDGARExecutive or director change
57
SEC EDGARRegulation FD disclosure
58
SEC EDGARResults of operations
59
SEC EDGARResults of operations
60
NasdaqNasdaq calendar
61
SEC EDGARNavient 8-K, Item 2.02 (results of operations)
62
SEC EDGARNavient 8-K, Item 2.02 (results of operations)
63
SEC EDGARNavient 8-K, Item 2.02 (results of operations)
64
SEC EDGARDIMENSIONAL FUND ADVISORS LP SCHEDULE 13G/A on Navient
65
SEC EDGARSherborne Investors Management LP SCHEDULE 13D/A on Navient
66
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on Navient
67
SEC EDGARBlackRock SCHEDULE 13G/A on Navient
68
SEC EDGARSherborne Investors LP SCHEDULE 13D/A on Navient
69
SEC EDGARFitzgerald Europe Cantor SC 13G/A on Navient
70
SEC EDGARNavient proxy statement (DEF 14A), 2025 pay
71
SEC EDGARNavient 10-K filed Feb 26, 2026: cover page

Overview

Financials

Key numbers, fiscal 2024

Where the money goes

Where each dollar of revenue went, fiscal 2024

Where each dollar of operating cash went, fiscal 2024

Financial statements

Corporate structure

What it owns

Property and equipment

Investments

Intangibles and goodwill

The story

Leadership

Chief executive

President

Chief financial officer

Chief operating officer

Products and brands

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

Former names

Controversies and legal

Lawsuits, investigations, settlements, and controversies

Timeline

Calendar

Coming up

When it reported results

Filings

Insider trades

Major holders

Executive pay

Held by these funds

SEC filer profile

Securities registered for trading

Links

Sources